Alphabet Inc. $GOOG Shares Acquired by Parallel Advisors LLC

Key Points

• Parallel Advisors LLC raised its stake in Alphabet by 1.2% to 351,838 shares (worth $85.69 million), making GOOG its 9th-largest holding and 1.6% of the fund’s portfolio.
• Insiders have been net sellers, offloading 2,112,493 shares worth about $118.6 million in the past three months (notable sales by Amie Thuener O'toole and John Kent Walker), with corporate insiders owning 12.99% of the stock.
• Alphabet beat Q4 expectations with $2.82 EPS vs. $2.59 expected and $113.83B revenue (up 18% year-over-year), announced a $0.21 quarterly dividend (0.3% yield), and retains broad analyst support (average price target ~$343.90).

Parallel Advisors LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 351,838 shares of the information services provider's stock after acquiring an additional 4,107 shares during the quarter. Alphabet comprises 1.6% of Parallel Advisors LLC's investment portfolio, making the stock its 9th biggest position. Parallel Advisors LLC's holdings in Alphabet were worth $85,690,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. University of Illinois Foundation acquired a new position in shares of Alphabet during the 2nd quarter worth approximately $31,000. Manning & Napier Advisors LLC acquired a new stake in shares of Alphabet in the third quarter valued at approximately $32,000. Horrell Capital Management Inc. lifted its position in Alphabet by 100.0% during the second quarter. Horrell Capital Management Inc. now owns 200 shares of the information services provider's stock worth $35,000 after buying an additional 100 shares in the last quarter. Tripletail Wealth Management LLC purchased a new position in Alphabet during the third quarter worth approximately $40,000. Finally, Decker Retirement Planning Inc. boosted its stake in Alphabet by 60.9% during the second quarter. Decker Retirement Planning Inc. now owns 251 shares of the information services provider's stock worth $45,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O'toole sold 2,778 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $312.30, for a total transaction of $867,569.40. Following the completion of the transaction, the chief accounting officer owned 8,962 shares of the company's stock, valued at approximately $2,798,832.60. This trade represents a 23.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the completion of the sale, the insider owned 13,227 shares of the company's stock, valued at $3,987,279.15. This trade represents a 78.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,112,493 shares of company stock worth $118,605,094. 12.99% of the stock is owned by corporate insiders.

Alphabet Price Performance

NASDAQ:GOOG opened at $298.30 on Friday. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $350.15. The stock's fifty day moving average is $320.28 and its two-hundred day moving average is $286.82. The company has a market capitalization of $3.61 trillion, a P/E ratio of 27.59, a P/E/G ratio of 1.75 and a beta of 1.10. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.23. The business had revenue of $113.83 billion during the quarter, compared to analysts' expectations of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The company's revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.15 EPS. Equities analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. Alphabet's dividend payout ratio (DPR) is 7.77%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Large enterprise/cloud wins and AI demand: Google Cloud deals (CVS health AI platform) and reported TPU leasing by Meta point to higher recurring cloud revenue and infrastructure utilization that support near‑term revenue growth. CVS taps Google Cloud Meta leases Google TPUs
• Positive Sentiment: Solid fundamentals/analyst support: Q4 results and earnings beats reinforce the “quality growth” narrative, and Bank of America’s reiterated Buy/$370 target keeps bull case intact. Q4 quality growth Bank of America maintains $370
• Neutral Sentiment: Anthropic access clarified: Google says Anthropic remains available for non‑defense uses after a DoD blacklist — this reduces near‑term disruption risk to customers but leaves policy uncertainty around defense contracts. Google on Anthropic availability
• Neutral Sentiment: Market narrative shifting: Analysts note GOOG’s strong 12‑month run has moved it from a “value” label to an execution/AI‑growth story — bullish if growth continues, but raises expectations. Forbes valuation piece
• Negative Sentiment: Geopolitical / physical risk to infrastructure: Reports that hyperscaler data centers are becoming military targets in the Iran war increase operational and security risk for cloud operations and potential outages. Data centers targeted
• Negative Sentiment: Regulatory/legal headwinds and fee cuts: The Epic Games settlement (lower Play Store commissions) and a high‑profile Gemini wrongful‑death lawsuit raise revenue/margin and liability concerns for consumer services. Play Store settlement Gemini lawsuit
• Negative Sentiment: Regulatory scrutiny on Waymo / AV safety and technical/short‑term chart pressure: NTSB/industry scrutiny of autonomous‑vehicle safety plus technical analysts calling a short thesis add to near‑term selling pressure. Waymo NTSB scrutiny Chart short thesis

Wall Street Analyst Weigh In

Several analysts have issued reports on GOOG shares. Pivotal Research restated a "buy" rating and issued a $420.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, February 5th. Raymond James Financial upgraded Alphabet from an "outperform" rating to a "strong-buy" rating and lifted their price target for the stock from $315.00 to $400.00 in a report on Thursday, January 22nd. BMO Capital Markets reissued an "outperform" rating and issued a $400.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Canaccord Genuity Group raised their price objective on shares of Alphabet from $330.00 to $390.00 and gave the stock a "buy" rating in a research report on Wednesday, January 7th. Finally, Truist Financial set a $350.00 target price on shares of Alphabet in a research note on Friday, December 5th. Nine investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $343.90.

About Alphabet

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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