CIBC Private Wealth Group LLC Has $763.39 Million Holdings in Alphabet Inc. $GOOG

Key Points

• CIBC Private Wealth Group LLC trimmed its Alphabet stake by 4.6% in Q3 and now holds 3,134,414 shares valued at $763.39 million, representing 1.3% of its portfolio and its 10th largest holding.
• Alphabet is showing operational momentum—beat quarterly EPS and revenue, expanded AI capabilities (DeepMind hire, Stitch redesign) and cloud-security via the Wiz deal, and began a $0.21 quarterly dividend—yet faces valuation/margin concerns, scrutiny over executive pay, and notable insider selling.

CIBC Private Wealth Group LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,134,414 shares of the information services provider's stock after selling 151,721 shares during the quarter. Alphabet comprises 1.3% of CIBC Private Wealth Group LLC's investment portfolio, making the stock its 10th biggest holding. CIBC Private Wealth Group LLC's holdings in Alphabet were worth $763,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the company. Morse Asset Management Inc boosted its holdings in Alphabet by 3.3% in the third quarter. Morse Asset Management Inc now owns 1,093 shares of the information services provider's stock worth $266,000 after acquiring an additional 35 shares in the last quarter. Robinson Smith Wealth Advisors LLC grew its stake in Alphabet by 1.8% in the third quarter. Robinson Smith Wealth Advisors LLC now owns 2,070 shares of the information services provider's stock valued at $504,000 after acquiring an additional 36 shares during the period. Searle & CO. increased its holdings in shares of Alphabet by 0.6% during the third quarter. Searle & CO. now owns 5,703 shares of the information services provider's stock valued at $1,389,000 after acquiring an additional 36 shares in the last quarter. Navellier & Associates Inc. increased its holdings in shares of Alphabet by 0.6% during the third quarter. Navellier & Associates Inc. now owns 5,846 shares of the information services provider's stock valued at $1,424,000 after acquiring an additional 36 shares in the last quarter. Finally, BankPlus Wealth Management LLC raised its position in shares of Alphabet by 1.2% during the third quarter. BankPlus Wealth Management LLC now owns 3,143 shares of the information services provider's stock worth $766,000 after purchasing an additional 37 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: DeepMind hires Jasjeet Sekhon from Bridgewater as chief strategy officer, strengthening DeepMind’s strategic and research bench at a time when top AI talent is a competitive advantage. Bridgewater's chief scientist Sekhon to join Google's DeepMind AI unit
• Positive Sentiment: Google rolled out a redesigned Stitch AI design tool that analysts/publications say can displace incumbents (Adobe, Figma), creating near-term competitive pressure on rivals and reinforcing Google’s product-led push into AI-powered developer/designer workflows. Adobe Stock Drops After Google's Stitch Redesign
• Positive Sentiment: Alphabet’s Wiz acquisition (cloud security) and other cloud investments continue to beef up Google Cloud’s product stack, supporting revenue/corporate sales momentum versus AWS/Azure. GOOGL's Wiz Buyout Expands Cloud Security Portfolio: What's Ahead?
• Positive Sentiment: Reports say Google is expanding ties with the U.S. military and is well positioned to benefit after rivals stumble — a potential source of large, recurring cloud and services contracts. Google Sits Pretty as A.I. Rivals Compete for Pentagon Favor
• Positive Sentiment: Alphabet is in talks to buy liquid-cooling systems from Chinese vendors (Envicool and others) and may acquire a Chinese cooling firm — moves aimed at supporting energy-efficient AI data center scale. This reduces future supply/capacity constraints for AI workloads. Google in talks with China's Envicool, others to buy data centre cooling systems, sources say
• Neutral Sentiment: Google told UK regulators it will let sites opt out of generative-AI features in search, a concession meant to ease competition concerns — reduces regulatory overhang but could limit product scope in the UK. Google to allow AI opt-out to ease UK competition concerns
• Neutral Sentiment: Alphabet paid a small dividend on March 16 ($0.21/share) — a modest cash return that is unlikely to move the stock materially but supports shareholder yield narrative. Google stock just paid dividends; here's how much investors received
• Negative Sentiment: Analysts flag valuation/near-term margin pressure — Alphabet’s elevated P/E and rising capex for AI/data centers keep some investors cautious despite strong growth. Is Alphabet Stock's 25.55X PE Still Worth it? Buy, Sell, or Hold?
• Negative Sentiment: High executive compensation scrutiny after reports of Sundar Pichai’s large pay package could raise governance concerns for some investors. What Sundar Pichai's $692 Million Pay Package Says About Alphabet's Next Chapter

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $306.30 on Thursday. The company has a market capitalization of $3.71 trillion, a PE ratio of 28.33, a PEG ratio of 1.81 and a beta of 1.10. 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 stock's 50 day moving average price is $318.68 and its 200-day moving average price is $292.32. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $350.15.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.23. 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%.Alphabet's revenue was up 18.0% on a year-over-year basis. During the same period last year, the business posted $2.15 earnings per share. On average, equities analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced 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 of this dividend was Monday, March 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is currently 7.77%.

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the sale, the chief executive officer directly owned 1,642,060 shares in the company, valued at $505,573,853.40. The trade was a 1.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 47,574 shares of the business's stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the completion of the transaction, the insider directly owned 13,227 shares in the company, valued at $3,987,279.15. This trade represents a 78.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 2,109,115 shares of company stock worth $117,815,536. 12.99% of the stock is owned by insiders.

Analyst Ratings Changes

GOOG has been the subject of several research reports. Cantor Fitzgerald reissued a "neutral" rating on shares of Alphabet in a research report on Tuesday, January 20th. Guggenheim restated a "buy" rating and set a $375.00 price objective on shares of Alphabet in a report on Monday, December 1st. DA Davidson set a $300.00 price objective on shares of Alphabet in a research note on Tuesday, November 25th. Sanford C. Bernstein reiterated a "market perform" rating and set a $345.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $370.00 target price on shares of Alphabet in a research report on Tuesday, January 20th. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $345.71.

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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