Assetmark Inc. Has $809.85 Million Stake in Alphabet Inc. $GOOGL

Key Points

• Assetmark Inc. trimmed its position in Alphabet by 2.4% in Q4, holding 2,587,376 shares worth about $809.85 million, which represents ~1.7% of its portfolio and is its 8th-largest holding.
• Major institutional activity includes Berkshire Hathaway establishing a roughly $4.34 billion new position and large increases from Capital World Investors and Capital Research, while analysts’ average price target is $369.67 and market attention is centered on AI/Gemini catalysts (DoD adoption, a planned AI campus in Seoul) as drivers of growth.
• Insiders have been net sellers recently—2,037,294 shares sold in the past 90 days worth about $94.2 million—although insiders still own 11.55% of the company.

Assetmark Inc. cut its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,587,376 shares of the information services provider's stock after selling 64,827 shares during the quarter. Alphabet makes up approximately 1.7% of Assetmark Inc.'s investment portfolio, making the stock its 8th largest holding. Assetmark Inc.'s holdings in Alphabet were worth $809,849,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GOOGL. Berkshire Hathaway Inc acquired a new position in shares of Alphabet during the third quarter valued at about $4,338,397,000. Capital World Investors increased its holdings in shares of Alphabet by 28.0% during the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after acquiring an additional 11,605,785 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Alphabet by 15.7% during the third quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider's stock valued at $12,333,076,000 after acquiring an additional 6,874,381 shares in the last quarter. Mizuho Markets Cayman LP increased its holdings in shares of Alphabet by 23,402.1% during the third quarter. Mizuho Markets Cayman LP now owns 6,118,547 shares of the information services provider's stock valued at $1,487,419,000 after acquiring an additional 6,092,513 shares in the last quarter. Finally, Coatue Management LLC increased its holdings in shares of Alphabet by 259.1% during the third quarter. Coatue Management LLC now owns 7,221,115 shares of the information services provider's stock valued at $1,755,453,000 after acquiring an additional 5,210,434 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $19.00, for a total value of $35,060,852.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 955 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the completion of the transaction, the chief accounting officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 2,037,294 shares of company stock worth $94,216,897. Insiders own 11.55% of the company's stock.

Analysts Set New Price Targets

GOOGL has been the topic of several recent analyst reports. Argus upped their price objective on shares of Alphabet from $365.00 to $385.00 and gave the company a "buy" rating in a report on Friday, February 6th. DA Davidson upped their price objective on shares of Alphabet from $300.00 to $310.00 and gave the company a "neutral" rating in a report on Thursday, February 5th. Wall Street Zen downgraded shares of Alphabet from a "buy" rating to a "hold" rating in a report on Sunday, April 12th. Citigroup restated a "buy" rating and set a $405.00 price objective (up from $390.00) on shares of Alphabet in a report on Tuesday, April 14th. Finally, Truist Financial set a $385.00 price objective on shares of Alphabet in a report on Thursday, February 5th. 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 stock. According to data from MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and an average price target 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 Trading Up 1.7%

Alphabet stock opened at $350.34 on Tuesday. 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 Inc. has a 12 month low of $147.84 and a 12 month high of $353.18. The stock's 50 day simple moving average is $310.19 and its two-hundred day simple moving average is $306.18. The firm has a market cap of $4.24 trillion, a PE 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 released 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 business had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. Analysts anticipate that Alphabet Inc. will post 11.53 earnings per share for the current 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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