AMI Asset Management Corp Has $146.78 Million Position in Alphabet Inc. $GOOGL

Key Points

• AMI Asset Management Corp reduced its stake in Alphabet by 2.5% to 468,942 shares, a position valued at $146.78 million, which represents 8.3% of AMI’s portfolio and is its largest holding.
• Other institutions also moved big positions—CIBC Bancorp USA initiated a new stake worth about $416.2 million and CIBC Asset Management holds ~1.67 million shares (~$405.1 million)—while insiders sold roughly 2.04 million shares (~$94.2 million) over the last three months.
• Market momentum centers on Alphabet’s AI/Gemini developments (including DoD adoption and an AI campus in South Korea), analysts have raised targets (consensus target ~$369.67), and the stock is trading near $350.34 amid heightened earnings-related attention.

AMI Asset Management Corp reduced its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 468,942 shares of the information services provider's stock after selling 11,928 shares during the quarter. Alphabet accounts for 8.3% of AMI Asset Management Corp's portfolio, making the stock its largest position. AMI Asset Management Corp's holdings in Alphabet were worth $146,779,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CIBC Bancorp USA Inc. bought a new stake in Alphabet during the third quarter worth $416,217,000. Sovran Advisors LLC grew its position in shares of Alphabet by 23.6% in the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider's stock valued at $5,401,000 after acquiring an additional 4,241 shares during the period. Griffin Asset Management Inc. grew its position in shares of Alphabet by 13.9% in the 3rd quarter. Griffin Asset Management Inc. now owns 58,731 shares of the information services provider's stock valued at $14,277,000 after acquiring an additional 7,180 shares during the period. Wright Investors Service Inc. increased its stake in shares of Alphabet by 21.2% during the 3rd quarter. Wright Investors Service Inc. now owns 50,064 shares of the information services provider's stock worth $12,171,000 after purchasing 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 3rd quarter. CIBC Asset Management Inc now owns 1,666,577 shares of the information services provider's stock valued at $405,131,000 after purchasing an additional 60,831 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

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

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction on Monday, March 16th. The stock was sold at an average price of $303.41, for a total value of $318,580.50. Following the transaction, the director owned 4,631 shares in the company, valued at approximately $1,405,091.71. This trade represents a 18.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O'toole sold 955 shares of the company's stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the sale, the chief accounting officer owned 9,918 shares of the company's stock, valued at approximately $2,955,564. This represents a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,037,294 shares of company stock valued at $94,216,897 over the last three months. 11.55% of the stock is owned by corporate insiders.

Alphabet Trading Up 1.7%

Shares of NASDAQ:GOOGL opened at $350.34 on Tuesday. The business's 50 day simple moving average is $310.19 and its 200 day simple moving average is $306.18. Alphabet Inc. has a 1 year low of $147.84 and a 1 year high of $353.18. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The company has a market capitalization 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 (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, beating 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 firm had revenue of $113.83 billion during the quarter, compared to analysts' expectations of $111.24 billion. On average, research analysts anticipate that Alphabet Inc. will post 11.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GOOGL has been the subject of several recent analyst reports. Pivotal Research raised their target price on shares of Alphabet from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Thursday, February 5th. Piper Sandler restated an "overweight" rating and issued a $395.00 price objective (up from $365.00) on shares of Alphabet in a research note on Thursday, February 5th. Roth Mkm raised their price objective on Alphabet from $365.00 to $395.00 and gave the company a "buy" rating in a research report on Thursday, February 5th. Rosenblatt Securities reiterated a "neutral" rating and set a $357.00 target price on shares of Alphabet in a research note on Thursday, April 23rd. Finally, Mizuho boosted their target price on Alphabet from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $369.67.

Alphabet Company 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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