Baxter Bros Inc. Sells 16,734 Shares of Alphabet Inc. $GOOG

Key Points

• Baxter Bros Inc. trimmed its stake in Alphabet by 12.2%, selling 16,734 shares and holding 120,985 shares worth about $37.97 million, which represents 4.4% of its portfolio and is its fourth-largest holding.
• Alphabet beat Q1 expectations with $2.82 EPS (vs. $2.59 consensus) and $113.83 billion in revenue (vs. $111.24B), with revenue up 18% YoY; analysts maintain a consensus "Buy" and an average target of $351.73.
• Alphabet announced up to a $40 billion commitment to AI startup Anthropic ($10B now, up to $30B contingent), a strategic move seen as bullish for Google Cloud and AI monetization but one that raises CapEx, execution and regulatory risks.

Baxter Bros Inc. lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 12.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 120,985 shares of the information services provider's stock after selling 16,734 shares during the period. Alphabet comprises about 4.4% of Baxter Bros Inc.'s portfolio, making the stock its 4th biggest holding. Baxter Bros Inc.'s holdings in Alphabet were worth $37,965,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Discipline Wealth Solutions LLC raised its holdings in shares of Alphabet by 1.5% during the 4th quarter. Discipline Wealth Solutions LLC now owns 3,201 shares of the information services provider's stock worth $1,004,000 after buying an additional 48 shares in the last quarter. Parcion Private Wealth LLC raised its holdings in shares of Alphabet by 4.5% during the 4th quarter. Parcion Private Wealth LLC now owns 21,449 shares of the information services provider's stock worth $6,731,000 after buying an additional 924 shares in the last quarter. Kelman Lazarov Inc. raised its holdings in shares of Alphabet by 2.9% during the 4th quarter. Kelman Lazarov Inc. now owns 3,882 shares of the information services provider's stock worth $1,218,000 after buying an additional 111 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its position in Alphabet by 140.4% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 26,411 shares of the information services provider's stock worth $8,288,000 after acquiring an additional 15,424 shares during the last quarter. Finally, United Advisor Group LLC grew its position in Alphabet by 1.7% during the 4th quarter. United Advisor Group LLC now owns 7,671 shares of the information services provider's stock worth $2,407,000 after acquiring an additional 131 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Stock Up 1.4%

GOOG stock opened at $342.32 on Friday. The stock's 50 day simple moving average is $308.26 and its 200 day simple moving average is $304.62. Alphabet Inc. has a fifty-two week low of $149.49 and a fifty-two week high of $350.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market cap of $4.14 trillion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 2.09 and a beta of 1.13.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.23. The business had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm's revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.15 EPS. On average, research analysts expect that Alphabet Inc. will post 11.53 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.2%. Alphabet's dividend payout ratio is 7.77%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GOOG shares. Truist Financial set a $385.00 price objective on Alphabet in a research report on Wednesday. Jefferies Financial Group reiterated a "buy" rating and issued a $365.00 price target on shares of Alphabet in a research report on Monday, January 5th. KeyCorp set a $370.00 price target on Alphabet in a research report on Thursday, February 5th. Wedbush reiterated an "outperform" rating and issued a $370.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Finally, Canaccord Genuity Group upped their price target on Alphabet from $330.00 to $390.00 and gave the company a "buy" rating in a research report on Wednesday, January 7th. Seven investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of "Buy" and an average target price of $351.73.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google confirmed a planned up to $40 billion commitment to AI startup Anthropic — $10B invested now and up to $30B contingent on performance — signaling a deep strategic partnership that should drive Google Cloud revenue, TPU demand and long‑term AI market share. PYMNTS: Google Doubles Down on Anthropic
• Positive Sentiment: Market and media reaction pushed GOOGL coverage higher today: outlets and traders flagged the deal as bullish for Google Cloud, TPU sales and infrastructure partners, contributing to the stock uptick. Blockonomi: Stock Climbs on $40B Anthropic Partnership
• Positive Sentiment: Alphabet’s recent fundamentals and AI product momentum (Gemini, TPU launches, Cloud partnerships) give investors confidence the Anthropic deal can translate into higher monetization and ad/search engagement — analysts have raised targets and reiterated buys ahead of Q1 earnings. ProactiveInvestors: Buy Rating Ahead of Q1
• Neutral Sentiment: The additional $30B is contingent on milestones — positive if targets are met, but it spreads the cash out over time and ties part of the commitment to execution risk and market conditions. TechCrunch: Google to Invest Up to $40B in Anthropic
• Neutral Sentiment: Global AI competition is intensifying (including from Chinese players) — this validates demand but keeps pricing and product dynamics uncertain. Yahoo Finance: China’s DeepSeek Preview
• Negative Sentiment: Regulatory risk: the EU is pressing Google to give AI rivals access to Android features — any mandated access could weaken parts of Google’s mobile moat and limit competitive advantage for Gemini on Android. PYMNTS: EU Pressure on Android Access
• Negative Sentiment: Scale of AI spending and infrastructure roll‑outs raises CapEx and free‑cash‑flow pressure; investors should watch upcoming Q1 results and FCF guidance for signs the investments are converting into profitable growth. Seeking Alpha: Q1 Preview — CapEx Risks

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total transaction of $348,232.50. Following the completion of the sale, the director directly owned 3,581 shares of the company's stock, valued at approximately $1,187,638.65. This trade represents a 22.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on 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 $505,573,853.40. The trade was a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 2,037,294 shares of company stock valued at $94,216,897. Corporate insiders own 12.99% of the company's stock.

Alphabet Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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