Alphabet Inc. $GOOGL Shares Purchased by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak Inc. boosted its position in Alphabet by 568.9% in Q4 to 7,953 shares valued at about $2.49 million, making Alphabet its 18th-largest holding and 0.9% of the fund's portfolio.
• Significant insider selling has occurred recently: CEO Sundar Pichai sold 32,500 shares and Director John L. Hennessy sold 1,050 shares, with insiders divesting 2,069,344 shares worth $104.7 million in the past 90 days (insiders own 11.55%).
• Positive AI/cloud developments (expanded Intel partnership, Broadcom/Anthropic deals) and analyst upgrades support upside, and MarketBeat shows a consensus rating of Moderate Buy with an average target of $366.92.

Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 568.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,953 shares of the information services provider's stock after purchasing an additional 6,764 shares during the quarter. Alphabet accounts for 0.9% of Thurston Springer Miller Herd & Titak Inc.'s investment portfolio, making the stock its 18th biggest holding. Thurston Springer Miller Herd & Titak Inc.'s holdings in Alphabet were worth $2,489,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Bancorp USA Inc. acquired a new position in shares of Alphabet in the third quarter worth $416,217,000. Griffin Asset Management Inc. raised its holdings in shares of Alphabet by 13.9% in the third quarter. Griffin Asset Management Inc. now owns 58,731 shares of the information services provider's stock worth $14,277,000 after acquiring an additional 7,180 shares during the last quarter. Sovran Advisors LLC raised its holdings in shares of Alphabet by 23.6% in the third quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider's stock worth $5,401,000 after acquiring an additional 4,241 shares during the last quarter. Wright Investors Service Inc. raised its holdings in shares of Alphabet by 21.2% in the third quarter. Wright Investors Service Inc. now owns 50,064 shares of the information services provider's stock worth $12,171,000 after acquiring an additional 8,746 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Alphabet by 3.8% in the third quarter. CIBC Asset Management Inc now owns 1,666,577 shares of the information services provider's stock worth $405,131,000 after acquiring an additional 60,831 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Stronger AI/cloud positioning: Google expanded its multi‑year AI infrastructure partnership with Intel to co‑develop processors and power Google Cloud AI workloads — a sign of durable demand for cloud AI capacity that supports Google Cloud revenue growth. Read More.
• Positive Sentiment: Broadcom and Anthropic deals validate Google’s AI infrastructure strategy and the broader market for non‑NVIDIA accelerators — a constructive signal for Alphabet’s AI cost and supply relationships. Read More.
• Positive Sentiment: Analyst and media bullishness on AI adoption: BNP Paribas and other commentators highlight Gemini and Anthropic as drivers that can take share in the generative AI market, underpinning ad/productivity monetization upside for Alphabet. Read More.
• Positive Sentiment: Monetization tailwind — YouTube raised U.S. Premium prices, which should boost ARPU and subscription revenue over time. Read More.
• Positive Sentiment: Bullish price‑target action from Mizuho (raised to $420) reinforces upside thesis for investors focused on long‑term AI/cloud gains. (No link)
• Neutral Sentiment: Short interest report is effectively meaningless/noisy for today’s move (data shows zero shares / reporting artifact), so it’s not the driver of the stock’s action. (No link)
• Negative Sentiment: Regulatory risk for Waymo: A California bill would require more human operators for robotaxis, raising operating costs and regulatory uncertainty for Alphabet’s autonomous‑vehicle ambitions. Read More.
• Negative Sentiment: International/content regulatory pressure: Indonesia issued a reprimand to YouTube over new social media rules for children, underscoring regional enforcement risk that can hit engagement or require costly compliance changes. Read More.
• Negative Sentiment: Analyst downgrade pressure: Wolfe Research trimmed its price target from $390 to $360, which increases short‑term selling pressure despite the firm still rating the stock “outperform.” (No link)

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the sale, the director owned 4,631 shares of the company's stock, valued at approximately $1,405,091.71. The trade was a 18.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the sale, the chief executive officer directly owned 1,642,060 shares of the company's stock, valued at approximately $505,573,853.40. This trade represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,069,344 shares of company stock valued at $104,708,426 in the last 90 days. 11.55% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Alphabet stock opened at $317.20 on Monday. The firm has a market capitalization of $3.84 trillion, a P/E ratio of 29.34, a PEG ratio of 1.95 and a beta of 1.12. The stock has a fifty day moving average price of $306.85 and a 200 day moving average price of $299.04. Alphabet Inc. has a 52 week low of $146.10 and a 52 week high of $349.00. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.57 by $0.25. The firm had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. Equities research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald reissued an "overweight" rating and issued a $370.00 price target on shares of Alphabet in a report on Wednesday, April 8th. Wedbush boosted their price target on Alphabet from $360.00 to $370.00 and gave the stock an "outperform" rating in a report on Thursday, February 5th. Evercore reissued an "outperform" rating and issued a $400.00 price target (up from $325.00) on shares of Alphabet in a report on Thursday, February 5th. Truist Financial set a $385.00 target price on Alphabet in a research note on Thursday, February 5th. Finally, Tigress Financial set a $415.00 target price on Alphabet and gave the company a "strong-buy" rating in a research note on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and an average target price of $366.92.

About Alphabet

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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