Alphabet Inc. $GOOGL is Ervin Investment Management LLC's 6th Largest Position

Key Points

• Ervin Investment Management trimmed its Alphabet stake by 6.8% to 29,915 shares, making GOOGL its 6th-largest holding at about 5.2% of the fund and worth roughly $9.36 million.
• Alphabet beat quarterly estimates, reporting $2.82 EPS versus $2.57 expected and $113.83 billion in revenue versus $111.24 billion, while trading near a $4.17 trillion market cap and a P/E of 31.86.
• Alphabet struck a major AI deal — agreeing to invest up to $40 billion in Anthropic (a $10B tranche now, $30B contingent on milestones) that boosts AI/cloud capabilities but raises execution and financial-commitment risks.

Ervin Investment Management LLC decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,915 shares of the information services provider's stock after selling 2,199 shares during the quarter. Alphabet comprises about 5.2% of Ervin Investment Management LLC's investment portfolio, making the stock its 6th biggest holding. Ervin Investment Management LLC's holdings in Alphabet were worth $9,364,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Third View Private Wealth LLC purchased a new position in Alphabet during the fourth quarter valued at $24,265,000. Sheridan Capital Management LLC raised its stake in shares of Alphabet by 1.9% in the fourth quarter. Sheridan Capital Management LLC now owns 1,885 shares of the information services provider's stock worth $590,000 after purchasing an additional 35 shares during the last quarter. Hudson Oak Wealth Advisory LLC purchased a new position in shares of Alphabet in the fourth quarter worth $297,000. Charter Oak Capital Management LLC raised its stake in shares of Alphabet by 2.1% in the fourth quarter. Charter Oak Capital Management LLC now owns 4,513 shares of the information services provider's stock worth $1,412,000 after purchasing an additional 91 shares during the last quarter. Finally, Uptown Financial Advisors LLC purchased a new position in shares of Alphabet in the fourth quarter worth $244,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Stock Performance

Shares of GOOGL opened at $344.40 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. Alphabet Inc. has a one year low of $147.84 and a one year high of $349.00. The firm has a market capitalization of $4.17 trillion, a P/E ratio of 31.86, a PEG ratio of 2.13 and a beta of 1.12. The business has a fifty day moving average of $309.30 and a 200 day moving average of $305.41.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.57 by $0.25. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The company had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. As a group, sell-side analysts anticipate that Alphabet Inc. will post 11.53 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.2%. Alphabet's payout ratio is presently 7.77%.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total value of $10,006,425.00. Following the completion of the sale, the chief executive officer owned 1,642,060 shares of the company's stock, valued at $505,573,853.40. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O'toole sold 617 shares of Alphabet stock in a transaction on Wednesday, April 1st. The stock was 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. The trade was a 5.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,037,294 shares of company stock valued at $94,216,897 over the last ninety days. 11.55% of the stock is owned by insiders.

Analysts Set New Price Targets

GOOGL has been the subject of several recent analyst reports. President Capital boosted their price target on Alphabet from $323.00 to $375.00 and gave the stock a "buy" rating in a research note on Tuesday, February 10th. Wall Street Zen cut Alphabet from a "buy" rating to a "hold" rating in a research note on Sunday, April 12th. Robert W. Baird boosted their price target on Alphabet from $375.00 to $380.00 and gave the stock an "outperform" rating in a research note on Friday, March 6th. Cantor Fitzgerald boosted their price target on Alphabet from $370.00 to $395.00 and gave the stock an "overweight" rating in a research note on Monday, April 20th. Finally, Royal Bank Of Canada boosted their price target on Alphabet from $375.00 to $400.00 and gave the stock an "outperform" rating in a research note on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and a consensus price target of $369.67.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet commits to a strategic AI partnership that secures long-term model and compute capacity — Google will invest up to $40 billion in Anthropic (a $10B tranche now, $30B contingent on milestones). The deal strengthens Alphabet’s access to leading generative-AI models, supports product roadmap and cloud demand, and reduces the risk of competitors locking up third‑party model supply. Google to invest up to $40B in Anthropic in cash and compute
• Positive Sentiment: Analyst support is lifting sentiment — multiple firms have reaffirmed or raised ratings/targets (Jefferies, Needham, JPMorgan, UBS moves reported), reinforcing a bullish view that AI and Cloud will drive upside to estimates. This analyst momentum is helping push the stock higher into the next earnings print. Alphabet: Jefferies keeps its 'Buy' rating
• Positive Sentiment: Product and infrastructure catalysts: new TPU 8i inference chip, expanded Workspace AI features and enterprise wins (Ulta, AutoZone migrations) point to faster, lower‑cost AI scaling and increased Cloud/ads monetization potential. These operational advances support margins and longer-term revenue growth. Alphabet Stock Gains After Unveiling New AI Inference Chip
• Neutral Sentiment: Sector labor disruption from AI: broader reporting that AI is displacing tech jobs may pressure sentiment for the sector but is only an indirect, mixed impact on Alphabet — potential cost savings versus reputation/PR and macro consumption effects. Whether It's 'Disruption' or 'Renormalization,' AI Is Killing Tech Jobs
• Neutral Sentiment: Near-term earnings setup: several outlets and banks expect a modest Q1 beat driven by AI and Cloud strength; this supports the rally but leaves the stock exposed to any surprise guidance. Alphabet set to report modest beat for Q1 driven by AI, Cloud growth
• Negative Sentiment: Regulatory risk in Europe: the European Commission is pressuring Google to give rival AI assistants deeper Android access — a move that could weaken Alphabet’s ecosystem advantage and advertising/engagement moat if implemented. Regulatory actions remain a meaningful downside risk. Google Faces New EU Pressure to Give AI Rivals Android Access
• Negative Sentiment: Large contingent capital commitment and valuation exposure: while the Anthropic deal is strategic, the $30B contingent tranche and Anthropic’s ~$350B valuation create execution and financial-commitment risks if performance targets aren’t met or scrutiny increases. Investors may worry about future cash/compute obligations and valuation optics. Google plans to invest up to $40 billion in Anthropic, Bloomberg reports

Alphabet Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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