Buffalo Business & Estate Services Ltd. Invests $33.47 Million in Alphabet Inc. $GOOGL

Key Points

• Buffalo Business & Estate Services bought 106,922 shares of Alphabet in Q4 valued at approximately $33,467,000, making Alphabet about 4.8% of its portfolio and its 6th largest holding.
• Insiders have been net sellers: 2,068,744 shares were sold by insiders over the last 90 days (about $104.5 million), leaving company insiders with 11.64% ownership.
• Alphabet recently beat quarterly estimates with $2.82 EPS and $113.83 billion in revenue, pays a $0.21 quarterly dividend (0.2% yield), and maintains a "Moderate Buy" consensus with a $367.62 average price target amid several broker upgrades.

Buffalo Business & Estate Services Ltd. acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 106,922 shares of the information services provider's stock, valued at approximately $33,467,000. Alphabet comprises about 4.8% of Buffalo Business & Estate Services Ltd.'s investment portfolio, making the stock its 6th largest holding.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Members Trust Co lifted its stake in Alphabet by 0.5% in the 4th quarter. Members Trust Co now owns 6,434 shares of the information services provider's stock valued at $2,014,000 after purchasing an additional 31 shares during the last quarter. Lifelong Wealth Advisors Inc. lifted its stake in Alphabet by 1.9% in the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,728 shares of the information services provider's stock valued at $541,000 after purchasing an additional 33 shares during the last quarter. White Wing Wealth Management lifted its stake in Alphabet by 2.9% in the 4th quarter. White Wing Wealth Management now owns 1,155 shares of the information services provider's stock valued at $362,000 after purchasing an additional 33 shares during the last quarter. Quantum Financial Advisors LLC lifted its stake in Alphabet by 0.3% in the 4th quarter. Quantum Financial Advisors LLC now owns 11,799 shares of the information services provider's stock valued at $3,693,000 after purchasing an additional 34 shares during the last quarter. Finally, MRA Advisory Group lifted its stake in Alphabet by 2.7% in the 4th quarter. MRA Advisory Group now owns 1,310 shares of the information services provider's stock valued at $410,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O'toole sold 617 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Kent Walker sold 8,993 shares of the stock in a transaction on Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the sale, the insider owned 51,808 shares of the company's stock, valued at approximately $14,293,309.12. This trade represents a 14.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,068,744 shares of company stock valued at $104,505,914 over the last 90 days. 11.64% of the stock is owned by company insiders.

Alphabet Price Performance

GOOGL stock opened at $336.02 on Friday. The company has a fifty day moving average price of $306.45 and a 200-day moving average price of $300.68. The company has a market capitalization of $4.06 trillion, a P/E ratio of 31.08, a PEG ratio of 2.08 and a beta of 1.12. Alphabet Inc. has a 52-week low of $146.10 and a 52-week high of $349.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.25. The firm had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. As a group, equities analysts expect that Alphabet Inc. will post 8.9 EPS for the current 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. The ex-dividend date 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%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: NiSource signed a long‑term power supply agreement with an Alphabet unit to support a large Indiana data center, reducing energy‑supply risk and supporting capacity expansion on which cloud/AI revenue depends. NiSource signs long-term power deal with Alphabet, expands Amazon agreement
• Positive Sentiment: Reports say Google is negotiating a deal to allow the Pentagon to deploy its Gemini models in classified settings — a potential high‑value government customer and proof point for Gemini’s enterprise/security positioning. Google, Pentagon discuss classified AI deal, the Information reports
• Positive Sentiment: Google expanded consumer AI features: users can now link personal photos to Gemini and Nano Banana for personalized image generation — an engagement and monetization positive for search/assistant and image services. Google will let users connect their photos to the Gemini chatbot and Nano Banana
• Positive Sentiment: Wall Street momentum: Citi and Phillip Securities raised price targets (Citi to $405; Phillip to $395) and several bullish analyst notes were published ahead of Q1 results, which can support near‑term buying interest. Wall Street sets Google stock price target for the next twelve months Phillip Securities adjusts price target on Alphabet
• Positive Sentiment: Analyst commentary (Zacks) highlights Alphabet’s strong earnings‑surprise history and suggests conditions are favorable for another upside surprise in the next report — supportive for investor sentiment ahead of earnings. Will Alphabet (GOOG) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Industry note: reports about Anthropic exploring custom chips point to broader AI infrastructure shifts that could reshape supplier dynamics (Broadcom, Nvidia) but have indirect implications for Alphabet’s cost/partner ecosystem. Why Anthropic's Custom Chip Plans Could Benefit Broadcom (GOOGL)
• Neutral Sentiment: Google reported blocking a record number of bad ads while suspending fewer advertisers, raising platform‑quality and moderation questions but not an immediate revenue threat. Google is now targeting bad ads over bad actors
• Negative Sentiment: The European Commission told Google it must give rival search engines access to wide ranges of search and chatbot data under DMA compliance proposals — a major regulatory overhang that could affect search advantages, ad targeting data and competitive moat. Google should allow third-party search engines access to data, EU says
• Negative Sentiment: Stifel Nicolaus reduced expectations for Alphabet’s stock price, adding a modest negative analyst view amid mixed signals; this may add some selling pressure for momentum traders. Stifel Nicolaus Has Lowered Expectations for Alphabet NASDAQ: GOOGL Stock Price

Analyst Ratings Changes

Several brokerages recently commented on GOOGL. Argus increased their price objective on shares of Alphabet from $365.00 to $385.00 and gave the company a "buy" rating in a research note on Friday, February 6th. The Goldman Sachs Group reissued a "buy" rating and issued a $375.00 price objective (up from $330.00) on shares of Alphabet in a research note on Tuesday, January 13th. Cantor Fitzgerald reissued an "overweight" rating and issued a $370.00 price objective on shares of Alphabet in a research note on Wednesday, April 8th. Wolfe Research dropped their price objective on shares of Alphabet from $390.00 to $360.00 and set an "outperform" rating for the company in a research note on Friday, April 10th. Finally, Daiwa Securities Group raised their price target on shares of Alphabet from $333.00 to $380.00 and gave the company a "buy" rating in a research note on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus price target of $367.62.

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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