Arvest Investments Inc. Lowers Stake in Alphabet Inc. $GOOGL

Key Points

• Arvest Investments cut its Alphabet stake by 16.4% in Q4, selling 4,922 shares and finishing the period with 25,155 shares worth $7.874 million (about 1.1% of its portfolio and its 26th largest holding).
• Analysts have been raising targets and ratings—several firms lifted price objectives (e.g., Mizuho to $420, Evercore to $400) and MarketBeat shows a consensus “Moderate Buy” with an average target of $366.76.
• A key positive catalyst is Broadcom’s multi‑year agreement to supply chips for Google’s TPUs through 2031, which supports Alphabet’s positioning as an AI‑infrastructure play and near‑term cloud/TPU revenue expectations.

Arvest Investments Inc. lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 16.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 25,155 shares of the information services provider's stock after selling 4,922 shares during the period. Alphabet makes up approximately 1.1% of Arvest Investments Inc.'s investment portfolio, making the stock its 26th largest position. Arvest Investments Inc.'s holdings in Alphabet were worth $7,874,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Red Door Wealth Management LLC boosted its position in shares of Alphabet by 0.4% during the 4th quarter. Red Door Wealth Management LLC now owns 26,279 shares of the information services provider's stock worth $8,225,000 after purchasing an additional 103 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in shares of Alphabet by 15.6% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 13,072 shares of the information services provider's stock worth $4,092,000 after purchasing an additional 1,762 shares during the period. Sara Bay Financial purchased a new position in shares of Alphabet during the 4th quarter worth approximately $252,000. Cromwell Holdings LLC boosted its position in shares of Alphabet by 0.4% during the 4th quarter. Cromwell Holdings LLC now owns 15,718 shares of the information services provider's stock worth $4,920,000 after purchasing an additional 69 shares during the period. Finally, Relyea Zuckerberg Hanson LLC boosted its position in shares of Alphabet by 0.9% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 29,069 shares of the information services provider's stock worth $9,099,000 after purchasing an additional 273 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.

Analysts Set New Price Targets

GOOGL has been the subject of a number of research analyst reports. Evercore reaffirmed an "outperform" rating and set a $400.00 price objective (up from $325.00) on shares of Alphabet in a research report on Thursday, February 5th. China Renaissance raised their price target on shares of Alphabet from $330.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, February 6th. Mizuho raised their price target on shares of Alphabet from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Friday. Loop Capital raised their price target on shares of Alphabet from $320.00 to $355.00 and gave the company a "buy" rating in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. reissued a "buy" rating on shares of Alphabet in a research report on Monday, February 9th. Three equities 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $366.76.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Broadcom extended a multi‑year agreement with Google to supply chips for TPUs through 2031, which UBS says eases investor concerns about Google's chip sourcing and supports near‑term AI infrastructure demand. Broadcom deal with Google signals stronger AI demand but long-term risks remain: UBS
• Positive Sentiment: Favorable AI deal coverage (Anthropic/TPU opportunity) and bullish commentary position Alphabet as an AI‑infrastructure play, reinforcing upside expectations for revenue from cloud and TPU sales. Catalyst Alert: Anthropic Deal Makes Alphabet Stock a Must-Buy
• Positive Sentiment: Large investor activity: Stanley Druckenmiller materially increased his Alphabet stake last quarter, a high‑profile buy that can lift sentiment among momentum and institutional investors. Stanley Druckenmiller Made 1 Huge Bet That Still Looks Attractive Today and Cut 2 Top Positions
• Positive Sentiment: Operational/strategy tailwinds: Google is funding nationwide AI training for manufacturing workers, supporting enterprise adoption of its AI stack and strengthening longer‑term demand for cloud/AI services. Google partners on AI training for thousands of American manufacturing workers
• Positive Sentiment: Market sentiment and upgrades: Zacks and other outlets highlight positive analyst momentum (Zacks Rank upgrade and positive writeups), which supports buying interest today. What Makes Alphabet (GOOGL) a New Buy Stock
• Neutral Sentiment: Analyst price‑target moves are mixed: several firms reaffirm or trim targets (Citizens/JMP reaffirmed outperform at $385; Stifel trimmed its target slightly but stayed Buy; Wolfe cut to $360, while some outlets show higher targets), leaving a range of expectations for future upside. Stifel adjusts price target on Alphabet Price Target Raised to $420
• Neutral Sentiment: Startups and ecosystem activity (e.g., Primepoint's $10M seed round led by AI veterans) show continued AI ecosystem growth but have indirect impact on Alphabet's near‑term fundamentals. Primepoint closes $10M seed round
• Neutral Sentiment: Long‑term technology pivots (quantum computing coverage) are discussed as multi‑year catalysts; these are strategic positives but unlikely to move near‑term earnings. Quantum Computing Stocks: Is Google's Tech Roadmap Changing?
• Negative Sentiment: Ad‑revenue competition: eMarketer/WSJ reports project Meta overtaking Google as the top global digital‑ad revenue company by end‑2026, a key long‑term risk for Google’s core search/ad margin profile. Meta poised to surpass Google in digital ad revenue for first time

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $302.99, for a total transaction of $33,934.88. Following the completion of the sale, the director directly owned 18,418 shares of the company's stock, valued at approximately $5,580,469.82. The trade was a 0.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 2,068,744 shares of company stock worth $104,505,914. 11.64% of the stock is currently owned by company insiders.

Alphabet Price Performance

Alphabet stock opened at $321.39 on Tuesday. The stock has a market cap of $3.89 trillion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12. The company has a fifty day simple moving average of $306.41 and a 200-day simple moving average of $299.57. Alphabet Inc. has a 12-month low of $146.10 and a 12-month 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 quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.25. The business had revenue of $113.83 billion during the quarter, compared to analysts' expectations of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. Equities analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

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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