Alphabet Inc. $GOOGL Stake Lifted by Cove Private Wealth LLC

Key Points

• Cove Private Wealth LLC boosted its Alphabet stake by 6.7% to 47,610 shares (worth about $14.9M), making GOOGL its 5th-largest holding and 4.4% of the fund's assets.
• Insiders sold heavily last quarter — 2,037,294 shares worth $94.2M in total, including 1,845,308 shares sold by 2017 Gp L.L.C. and 47,574 shares sold by John Kent Walker.
• Analysts remain largely positive with a consensus “Moderate Buy” and an average target of $369.67, supported by AI wins (DoD Gemini adoption, Seoul AI campus) but tempered by regulatory and climate-disclosure risks.

Cove Private Wealth LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,610 shares of the information services provider's stock after acquiring an additional 2,986 shares during the quarter. Alphabet makes up 4.4% of Cove Private Wealth LLC's holdings, making the stock its 5th biggest position. Cove Private Wealth LLC's holdings in Alphabet were worth $14,902,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOGL. PMV Capital Advisers LLC purchased a new position in Alphabet in the fourth quarter valued at about $38,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Alphabet in the third quarter valued at about $53,000. Kentucky Trust Co boosted its stake in Alphabet by 142.9% in the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after acquiring an additional 100 shares during the last quarter. iSAM Funds UK Ltd purchased a new position in Alphabet in the third quarter valued at about $53,000. Finally, Sellwood Investment Partners LLC purchased a new position in Alphabet in the third quarter valued at about $63,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the company's stock in a transaction on Friday, January 30th. The shares were sold at an average price of $19.00, for a total value of $35,060,852.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 47,574 shares of the company's stock in a transaction 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 2,037,294 shares of company stock worth $94,216,897. 11.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GOOGL. DZ Bank reissued a "buy" rating on shares of Alphabet in a research report on Monday, February 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Alphabet from $370.00 to $390.00 and gave the company a "buy" rating in a research report on Thursday, February 5th. Rosenblatt Securities reissued a "neutral" rating and issued a $357.00 price target on shares of Alphabet in a research report on Thursday, April 23rd. Wolfe Research lowered their price target on shares of Alphabet from $390.00 to $360.00 and set an "outperform" rating on the stock in a research report on Friday, April 10th. Finally, Argus boosted their price target on shares of Alphabet from $365.00 to $385.00 and gave the company a "buy" rating in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $369.67.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Market attention is squarely on Alphabet’s earnings and Gemini/AI spending updates, which investors expect could drive revenue and engagement. Alphabet earnings on tap with Gemini, AI spending updates in focus with stock near record high
• Positive Sentiment: The U.S. Department of Defense added Google’s Gemini for Government models to its secure GenAI.mil platform — a commercial win that supports enterprise/government adoption and recurring revenue potential. What's Behind The Boost In Alphabet Stock Today?
• Positive Sentiment: South Korea and Google agreed to build an AI campus in Seoul — a strategic move to expand R&D, talent and local partnerships that supports long-term AI product development. Google to build AI campus in South Korea, presidential office says
• Positive Sentiment: Prominent bullish commentary (e.g., Jim Cramer) highlights Alphabet’s diversified AI-driven revenue “mosaic,” supporting investor sentiment and flows into the stock. Jim Cramer Says “Alphabet Has a Mosaic Like None Other”
• Neutral Sentiment: Analyst notes and market pieces flag that strong post-earnings moves are possible (heightened volatility around the report); options activity is mixed versus peers. Here's How Much Google Parent Alphabet Stock Is Expected to Move After Earnings
• Negative Sentiment: The EU is pressing Google to open Android to AI rivals and regulators gave pointers to improve rivals’ access to Google services — potential regulatory changes that could hurt margins or product control. EU tells Google to open Android to AI rivals
• Negative Sentiment: Investors are pushing for more climate transparency tied to AI data center energy use (shareholder proposal from Trillium) — this could increase disclosure and potentially capex/operational scrutiny as AI workloads scale. Alphabet Investors Press For AI Data Center Climate Transparency

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $350.34 on Tuesday. The company has a 50 day moving average of $310.19 and a 200 day moving average of $306.18. The stock has a market cap of $4.24 trillion, a P/E ratio of 32.41, a P/E/G ratio of 2.13 and a beta of 1.12. Alphabet Inc. has a 12 month low of $147.84 and a 12 month high of $353.18. 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 quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business had revenue of $113.83 billion during the quarter, compared to analysts' expectations of $111.24 billion. As a group, sell-side analysts forecast that Alphabet Inc. will post 11.53 EPS for the current fiscal year.

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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