Capital Investment Services of America Inc. Has $60.69 Million Holdings in Alphabet Inc. $GOOG

Key Points

• Alphabet reported a strong Q1 beat (EPS $5.11 vs. $2.68) with revenue of $109.9B and roughly 63% Cloud growth, and a major commercial win as Anthropic committed about $200 billion to use Google Cloud and chips over multiple years, materially de‑risking Cloud growth and margin expansion.
• Capital Investment Services of America reduced its stake by 6.1% to 193,402 shares valued at $60.69 million, making Alphabet its second‑largest holding.
• Insiders have been net sellers — CEO Sundar Pichai sold 32,500 shares and insiders sold 158,553 shares (~$47.95M) in the last three months — even as Alphabet raised its quarterly dividend to $0.22 per share.

Capital Investment Services of America Inc. lowered its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 6.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 193,402 shares of the information services provider's stock after selling 12,508 shares during the period. Alphabet comprises approximately 5.7% of Capital Investment Services of America Inc.'s holdings, making the stock its 2nd largest position. Capital Investment Services of America Inc.'s holdings in Alphabet were worth $60,690,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GOOG. Imprint Wealth LLC bought a new position in Alphabet in the 3rd quarter worth $31,000. Manning & Napier Advisors LLC bought a new position in Alphabet in the 3rd quarter worth $32,000. Nvest Wealth Strategies Inc. bought a new position in Alphabet in the 4th quarter worth $38,000. Towne Trust Company N.A lifted its stake in Alphabet by 34.0% in the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock worth $42,000 after purchasing an additional 34 shares in the last quarter. Finally, Lynch Asset Management Inc. purchased a new stake in Alphabet in the 3rd quarter worth $61,000. Institutional investors own 27.26% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on GOOG. BMO Capital Markets reiterated an "outperform" rating and issued a $400.00 price target on shares of Alphabet in a research note on Thursday, February 5th. Freedom Capital cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Monday. Needham & Company LLC set a $400.00 price target on shares of Alphabet and gave the stock a "buy" rating in a research note on Friday, March 13th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Alphabet in a research note on Tuesday, January 20th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $375.00 price target on shares of Alphabet in a research note on Thursday, January 15th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $362.73.

Insider Activity

In other news, CAO Amie Thuener O'toole sold 617 shares of the company's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at approximately $2,923,235.59. This represents a 5.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the sale, the chief executive officer owned 1,642,060 shares in the company, valued at $505,573,853.40. This represents a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 158,553 shares of company stock worth $47,951,856. 12.99% of the stock is owned by insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Huge commercial win: Anthropic has committed roughly $200 billion to use Google Cloud and chips over multiple years, locking in large revenue/backlog assumptions that materially de‑risk Cloud growth and future margin expansion. Anthropic commits to spending $200 billion on Google's cloud and chips
• Positive Sentiment: Analyst bullishness: Mizuho and other shops have lifted forecasts/targets after Q1, citing underestimated Google Cloud and TPU/chip contributions — supporting further upside and helping push sentiment to record highs. Google Stock Nudges Up as Mizuho Elevates Alphabet’s Forecast
• Positive Sentiment: Q1 momentum and Cloud backlog: Strong Q1 results (large EPS beat, ~63% Cloud growth and a rapidly expanding Cloud backlog) continue to validate the AI/cloud revenue thesis and investor rotation into GOOG. Alphabet's $460B AI Lock-In
• Neutral Sentiment: Product & research moves: DeepMind took a minority stake in the studio behind EVE Online to train models in complex simulated environments, and Google is developing a personal AI agent (“Remy”) and new AI search features — these support long‑term AI capability gains but are incremental near‑term revenue drivers. Google DeepMind Will Train AI Models on the MMORPG Eve Online
• Negative Sentiment: Institutional trimming: Large funds disclosed meaningful reductions in GOOG holdings (e.g., CalPERS and Deutsche Bank filings show multi‑percent position cuts), which can add supply pressure and headline volatility. Fund Update: CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM Just Disclosed New Holdings
• Negative Sentiment: Regulatory & legal risk: Google is negotiating changes in EU news search to avoid additional multibillion‑euro fines, but the liability remains unresolved — a material tail risk if regulators press further. Google moves to avert EU fines with offer in news search case, Bloomberg News reports
• Negative Sentiment: Employee / reputational friction: Classified DoD AI work and DeepMind unionization/employee protests over defense contracts create potential operational and PR headaches that could weigh on sentiment for some investors. Google DeepMind employees vote to unionize over AI military deals

Alphabet Stock Up 2.9%

Shares of NASDAQ GOOG opened at $395.50 on Thursday. The firm's 50-day moving average price is $315.50 and its 200-day moving average price is $310.59. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $4.78 trillion, a price-to-earnings ratio of 30.17, a P/E/G ratio of 1.60 and a beta of 1.25. Alphabet Inc. has a 12-month low of $149.49 and a 12-month high of $396.38.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $2.43. The firm had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business's revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.81 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post 14 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio is currently 6.41%.

Alphabet Company 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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