Chatterton & Associates Inc. Acquires Shares of 3,174 Alphabet Inc. $GOOGL

Key Points

• Chatterton & Associates acquired a new stake of 3,174 shares in Alphabet Inc. (GOOGL) during Q4, valued at roughly $993,000.
• Positive AI‑infrastructure news — including Broadcom extending a TPU supply deal with Google through 2031 and favorable Anthropic/TPU coverage — plus multiple analyst price‑target increases have boosted buying interest; MarketBeat shows a Moderate Buy consensus with an average target of $366.76.
• Offsetting optimism, insiders have been net sellers (CEO Sundar Pichai sold 32,500 shares), with over 2.06 million shares sold in the past 90 days, even as Alphabet topped quarterly EPS estimates and pays a $0.21 quarterly dividend (0.3% yield).

Chatterton & Associates Inc. acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,174 shares of the information services provider's stock, valued at approximately $993,000.

Several other institutional investors have also recently bought and sold shares of the business. State Street Corp raised its position in Alphabet by 1.8% in the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock valued at $40,524,841,000 after purchasing an additional 4,008,374 shares during the last quarter. Capital World Investors raised its position in Alphabet by 28.0% in the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after purchasing an additional 11,605,785 shares during the last quarter. Capital Research Global Investors raised its position in Alphabet by 15.7% in the 3rd 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 purchasing an additional 6,874,381 shares during the last quarter. Invesco Ltd. raised its position in Alphabet by 2.3% in the 3rd quarter. Invesco Ltd. now owns 45,186,112 shares of the information services provider's stock valued at $10,984,744,000 after purchasing an additional 1,034,292 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Alphabet by 1.0% in the 3rd quarter. Legal & General Group Plc now owns 39,250,829 shares of the information services provider's stock valued at $9,541,877,000 after purchasing an additional 392,547 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet News Summary

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

Analysts Set New Price Targets

GOOGL has been the subject of several research analyst reports. Loop Capital lifted their price objective on Alphabet from $320.00 to $355.00 and gave the company a "buy" rating in a research report on Monday, February 23rd. Moffett Nathanson lifted their price objective on Alphabet from $305.00 to $350.00 and gave the company a "buy" rating in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft boosted their target price on Alphabet from $370.00 to $390.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. Wedbush boosted their target price on Alphabet from $360.00 to $370.00 and gave the stock an "outperform" rating in a research report on Thursday, February 5th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $375.00 target price (up from $330.00) on shares of Alphabet in a research report on Tuesday, January 13th. Three research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and an average price target of $366.76.

Alphabet Trading Up 1.3%

GOOGL stock opened at $321.39 on Tuesday. The company has a market cap of $3.89 trillion, a P/E ratio of 29.73, a PEG ratio of 1.95 and a beta of 1.12. Alphabet Inc. has a twelve month low of $146.10 and a twelve month high of $349.00. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average of $306.41 and a 200-day moving average of $299.57.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.57 by $0.25. The company had revenue of $113.83 billion during 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%. As a group, equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, March 9th. Alphabet's dividend payout ratio is currently 7.77%.

Insiders Place Their Bets

In related news, Director Frances Arnold sold 112 shares of the company's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $302.99, for a total value of $33,934.88. Following the completion of the sale, the director owned 18,418 shares in the company, valued at approximately $5,580,469.82. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 value of $10,006,425.00. Following the completion of the sale, the chief executive officer owned 1,642,060 shares of the company's stock, valued at $505,573,853.40. This represents a 1.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,068,744 shares of company stock valued at $104,505,914 in the last ninety days. 11.64% of the stock is currently owned by insiders.

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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