Clare Market Investments LLC Takes $28.82 Million Position in Alphabet Inc. $GOOG

Key Points

• Clare Market Investments opened a new position in Alphabet, buying 100,456 shares valued at about $28.8 million. The stake makes Alphabet its 4th-largest holding and represents 6.0% of the fund’s portfolio.
• Wall Street sentiment on Alphabet remains constructive, with multiple analysts raising targets and the consensus rating staying at “Buy”. The average price target now sits at $378.53, while some firms see upside to $400–$460.
• Alphabet continues to show strong fundamentals, reporting Q1 EPS of $5.11 versus expectations of $2.68 and revenue growth of 21.8% year over year. The company also increased its quarterly dividend to $0.22 per share.

Clare Market Investments LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 100,456 shares of the information services provider's stock, valued at approximately $28,817,000. Alphabet comprises 6.0% of Clare Market Investments LLC's holdings, making the stock its 4th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ring Mountain Capital LLC grew its stake in shares of Alphabet by 0.9% during the fourth quarter. Ring Mountain Capital LLC now owns 3,554 shares of the information services provider's stock worth $1,174,000 after acquiring an additional 30 shares during the last quarter. Cannon Financial Strategists Inc. increased its holdings in shares of Alphabet by 1.9% during the fourth quarter. Cannon Financial Strategists Inc. now owns 1,589 shares of the information services provider's stock valued at $499,000 after acquiring an additional 30 shares in the last quarter. Financial Enhancement Group LLC raised its position in shares of Alphabet by 2.3% in the 1st quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider's stock valued at $380,000 after purchasing an additional 30 shares during the last quarter. HRC Wealth Management LLC raised its position in shares of Alphabet by 1.0% in the 4th quarter. HRC Wealth Management LLC now owns 3,231 shares of the information services provider's stock valued at $1,014,000 after purchasing an additional 31 shares during the last quarter. Finally, Certior Financial Group LLC raised its position in shares of Alphabet by 3.5% in the 4th quarter. Certior Financial Group LLC now owns 919 shares of the information services provider's stock valued at $288,000 after purchasing an additional 31 shares during the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on GOOG. JPMorgan Chase & Co. boosted their target price on shares of Alphabet from $395.00 to $460.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $425.00 price target on shares of Alphabet in a report on Thursday, April 30th. Zacks Research upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. The Goldman Sachs Group reissued a "buy" rating and set a $450.00 price objective on shares of Alphabet in a report on Thursday, May 21st. Finally, Needham & Company LLC set a $400.00 target price on Alphabet and gave the company a "buy" rating in a research report on Friday, March 13th. Five analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Alphabet currently has an average rating of "Buy" and a consensus target price of $378.53.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Several pieces highlighted Alphabet’s durable AI and cloud execution, including commentary that its distribution across Search, Android, YouTube, and Google Cloud gives it an edge in monetizing AI better than many rivals.
• Positive Sentiment: Analysts and market commentary remained constructive, with Zacks upgrading Alphabet to “strong-buy,” and multiple reports saying the stock still looks undervalued after its strong rally and may have further upside from current levels.
• Positive Sentiment: Alphabet’s cloud and AI ecosystem continues to draw positive coverage, including a new agentic AI collaboration with Accenture and reports that digital demand and data-center growth could support the business in the second half of 2026.
• Positive Sentiment: Long-term confidence also got a boost from comments that Alphabet could be a winner in the AI race due to its massive distribution footprint and ability to turn AI spending into real returns.
• Neutral Sentiment: Alphabet’s search product set a record for queries per second during the World Cup, reinforcing the strength of its core franchise, though this is more of a usage signal than a direct earnings catalyst.
• Neutral Sentiment: Waymo’s plan to expand driverless rides to more cities supports Alphabet’s optionality in autonomous vehicles, but the impact on near-term stock performance is likely limited.
• Negative Sentiment: News that Google and OpenAI provided AI model access to Singapore-based affiliates of Chinese firms has renewed policy and export-control concerns, which could raise regulatory risk around AI distribution.
• Negative Sentiment: Alphabet is also facing more scrutiny abroad, including the UK bringing Google cloud services under direct oversight and an ongoing legal fight in India over its ads platform.
• Negative Sentiment: Some traders remain cautious about competition, with reports suggesting Meta could challenge Google’s AI leadership and that Alphabet’s recent price action has lagged broader tech at times.

Alphabet Trading Down 0.3%

Alphabet stock opened at $355.03 on Friday. The stock has a 50-day moving average price of $369.81 and a 200 day moving average price of $335.21. The company has a market capitalization of $4.30 trillion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 1.52 and a beta of 1.23. Alphabet Inc. has a 52 week low of $177.54 and a 52 week high of $404.47. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter in the prior year, the company earned $2.81 EPS. Alphabet's quarterly revenue was up 21.8% on a year-over-year basis. Sell-side analysts anticipate that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a $0.22 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet's payout ratio is currently 6.71%.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the completion of the transaction, the director directly owned 1,481 shares in the company, valued at $545,941.03. The trade was a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction on Friday, June 26th. The shares were sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the sale, the chief accounting officer directly owned 27,348 shares in the company, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 160,465 shares of company stock worth $8,020,511. Company insiders own 12.99% of the company's stock.

Alphabet 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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