Alphabet Inc. $GOOG Shares Sold by Addenda Capital Inc.

Key Points

• Addenda Capital Inc. cut its stake in Alphabet (NASDAQ:GOOG) by 13.0% in Q4, selling 26,958 shares and finishing the quarter with 179,798 shares worth $56.42 million (Alphabet is 2.0% of its portfolio and its 15th-largest holding).
• Alphabet beat quarterly expectations (EPS $2.82 vs. $2.59) with revenue up 18% year-over-year, and investors point to commercial AI momentum and a potentially large latent value from its SpaceX stake as key bullish catalysts.
• Offsetting positives, Alphabet faces headline regulatory/legal risks (including an Aptoide antitrust suit and reported mass arbitration exposure of about $218 billion) and significant insider selling (2,068,744 shares, ~$104.5M, in the past 90 days), which could weigh on sentiment.

Addenda Capital Inc. lessened its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 179,798 shares of the information services provider's stock after selling 26,958 shares during the period. Alphabet makes up 2.0% of Addenda Capital Inc.'s portfolio, making the stock its 15th biggest position. Addenda Capital Inc.'s holdings in Alphabet were worth $56,421,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GOOG. Brighton Jones LLC increased its holdings in shares of Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock worth $22,901,000 after acquiring an additional 6,410 shares during the period. Worldquant Millennium Advisors LLC grew its position in Alphabet by 76.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider's stock valued at $330,886,000 after buying an additional 806,681 shares in the last quarter. Darwin Wealth Management LLC bought a new position in Alphabet in the 2nd quarter valued at about $658,000. Financial Advisors Network Inc. grew its position in Alphabet by 7.7% in the 2nd quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider's stock valued at $1,409,000 after buying an additional 565 shares in the last quarter. Finally, Ausdal Financial Partners Inc. grew its position in Alphabet by 10.7% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider's stock valued at $6,618,000 after buying an additional 3,616 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts and outlets highlight Alphabet’s large payoff potential from its early SpaceX stake, which investors view as a material latent asset that could boost GAAP value if SpaceX goes public. Alphabet (GOOGL) Could Score a $100B+ Payday from SpaceX IPO
• Positive Sentiment: Coverage emphasizes the same theme — Google’s SpaceX stake could be worth more than most public companies, a narrative that supports a higher valuation multiple for GOOG. Google's stake in SpaceX could be worth more than most companies on the planet
• Positive Sentiment: Wall Street momentum: analysts have raised targets and put Alphabet on catalyst watches ahead of events and Q1 earnings, fueling bullish positioning. Alphabet Stock (GOOGL) Opinions on Analyst Price Target Increases
• Positive Sentiment: Citi boosted its price target and kept a Buy rating ahead of Q1, reinforcing the buy-side narrative into earnings and product events. Wall Street sets Google stock price target for the next 12 months
• Positive Sentiment: Commercial AI traction: new partnerships and product launches (Cadence optimizing chip design on Google Cloud; Thoma Bravo deal to bring AI to a large software portfolio; Gemini app for Mac; Chrome “AI skills” rollout) strengthen revenue and cloud backlog outlook. Cadence and Google Collaborate to Scale AI-Driven Chip Design with ChipStack AI Super Agent on Google Cloud
• Neutral Sentiment: Some funds trimmed GOOG in recent 13F updates (various institutional sales), which may reflect portfolio rebalancing rather than conviction changes; keep an eye on large-scale flows. Fund Update: Douglas Lane & Associates, LLC Just Disclosed New Holdings
• Negative Sentiment: Regulatory and legal risk: Alphabet faces a new antitrust suit from rival app store Aptoide and a separate report of mass arbitration claims tied to ad tech/search rulings — these are headline risks that could pressure sentiment or lead to fines/costs. Google sued by rival app store Aptoide over alleged monopoly
• Negative Sentiment: Large-scale arbitration exposure reported (~$218B) tied to ad tech/search rulings — while the figure is headline-grabbing, resolution outcomes and timing remain uncertain and could create volatility. Alphabet Faces $218 Billion Mass Arbitration Claims Over Ad Tech And Search Rulings
• Negative Sentiment: Competition risk: OpenAI’s move into digital ads is an emerging threat to Google’s core ad franchise and is being watched by investors. OpenAI Pushes Into Digital Ads, Setting Up New Competition with Alphabet (GOOGL) and Meta (META)

Alphabet Stock Performance

NASDAQ:GOOG opened at $334.47 on Thursday. Alphabet Inc. has a twelve month low of $148.40 and a twelve month high of $350.15. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average of $305.63 and a 200-day moving average of $300.61. The firm has a market cap of $4.05 trillion, a price-to-earnings ratio of 30.94, a price-to-earnings-growth ratio of 2.04 and a beta of 1.13.

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

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio is currently 7.77%.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of recent analyst reports. Sanford C. Bernstein reiterated a "market perform" rating and issued a $345.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Piper Sandler restated an "overweight" rating and set a $395.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a research report on Wednesday, January 21st. Wells Fargo & Company upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. Finally, Jefferies Financial Group restated a "buy" rating and set a $365.00 price objective on shares of Alphabet in a research report on Monday, January 5th. Nine research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $345.71.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O'toole sold 617 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the sale, the chief accounting officer directly owned 10,093 shares of the company's stock, valued at $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Kent Walker sold 8,993 shares of the stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the sale, the insider directly owned 51,808 shares of the company's stock, valued at $14,293,309.12. This trade represents a 14.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,068,744 shares of company stock valued at $104,505,914. Corporate insiders own 12.99% of the company's stock.

Alphabet Company Profile

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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