Chicago Capital LLC Reduces Stock Holdings in Alphabet Inc. $GOOG

Key Points

• Chicago Capital LLC reduced its stake in Alphabet by 3.8% in Q4, selling 3,606 shares and ending the quarter with 91,434 shares worth about $28.7 million.
• Significant insider and shareholder selling occurred recently — insiders sold a total of 2,037,294 shares worth $94.2 million in the last quarter, including a 1,845,308‑share sale by 2017 Gp L.L.C.
• Broader catalysts include Alphabet’s announced up to $40 billion commitment to AI partner Anthropic ( $10B now, up to $30B conditional), which has spurred analyst target upgrades and bullish sentiment despite regulatory and CapEx risks.

Chicago Capital LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,434 shares of the information services provider's stock after selling 3,606 shares during the quarter. Chicago Capital LLC's holdings in Alphabet were worth $28,692,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Imprint Wealth LLC acquired a new stake in shares of Alphabet during the third quarter valued at about $31,000. Manning & Napier Advisors LLC acquired a new stake in shares of Alphabet during the third quarter valued at about $32,000. Towne Trust Company N.A grew its stake in shares of Alphabet by 34.0% during the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after acquiring an additional 34 shares in the last quarter. Tripletail Wealth Management LLC acquired a new stake in shares of Alphabet during the third quarter valued at about $40,000. Finally, Creative Capital Management Investments LLC raised its position in shares of Alphabet by 1,438.5% in the 4th quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider's stock valued at $63,000 after purchasing an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Key Stories Impacting Alphabet

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 Activity at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction on Monday, March 16th. The shares were sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the transaction, the director owned 4,631 shares of the company's stock, valued at approximately $1,405,091.71. The trade was a 18.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the business's stock in a transaction on Friday, January 30th. The shares were sold at an average price of $19.00, for a total transaction of $35,060,852.00. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 2,037,294 shares of company stock valued at $94,216,897. Company insiders own 12.99% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Canaccord Genuity Group increased their target price on Alphabet from $330.00 to $390.00 and gave the company a "buy" rating in a research note on Wednesday, January 7th. Oppenheimer reiterated an "outperform" rating and set a $360.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Truist Financial set a $385.00 target price on Alphabet in a research note on Wednesday. Pivotal Research reiterated a "buy" rating and set a $420.00 target price (up from $400.00) on shares of Alphabet in a research note on Thursday, February 5th. Finally, Wedbush reissued an "outperform" rating and issued a $370.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Seven 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $351.73.

Alphabet Price Performance

GOOG opened at $342.32 on Monday. The firm has a market cap of $4.14 trillion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 2.12 and a beta of 1.13. Alphabet Inc. has a fifty-two week low of $149.49 and a fifty-two week high of $350.15. The company's 50-day moving average price is $308.26 and its 200 day moving average price is $305.44. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11.

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

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were issued a dividend of $0.21 per share. 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 payout ratio is 7.77%.

About Alphabet

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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