Concurrent Investment Advisors LLC Has $87.30 Million Position in Alphabet Inc. $GOOG

Key Points

• Concurrent Investment Advisors LLC increased its stake in Alphabet by 94.0% in Q4 and now owns 278,195 shares worth about $87.30 million, making GOOG its 13th-largest holding.
• Alphabet reported a strong Q1 beat (EPS $5.11 vs. $2.68 consensus; revenue $109.9B) and faces bullish catalysts—most notably a reported Anthropic commitment of ~$200 billion to Google Cloud and multiple analyst price‑target upgrades driving the stock to record highs.
• Insiders substantially reduced positions last quarter, selling 158,553 shares worth roughly $47.95 million, including a $14.34M sale by John Kent Walker and a smaller sale by director John L. Hennessy.

Concurrent Investment Advisors LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 94.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 278,195 shares of the information services provider's stock after acquiring an additional 134,781 shares during the period. Alphabet accounts for approximately 1.0% of Concurrent Investment Advisors LLC's investment portfolio, making the stock its 13th biggest holding. Concurrent Investment Advisors LLC's holdings in Alphabet were worth $87,298,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in GOOG. Brighton Jones LLC grew its stake in shares of Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after buying an additional 6,410 shares during the period. Worldquant Millennium Advisors LLC grew its stake in shares of Alphabet by 76.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider's stock valued at $330,886,000 after buying an additional 806,681 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Alphabet in the 2nd quarter valued at about $658,000. Financial Advisors Network Inc. grew its stake in shares of Alphabet by 7.7% in the 2nd quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider's stock valued at $1,409,000 after buying an additional 565 shares during the period. Finally, Ausdal Financial Partners Inc. grew its stake in shares of Alphabet by 10.7% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider's stock valued at $6,618,000 after buying an additional 3,616 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Alphabet news, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the transaction, the insider owned 13,227 shares of the company's stock, valued at $3,987,279.15. This trade represents a 78.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total transaction of $348,232.50. Following the transaction, the director directly owned 3,581 shares in the company, valued at approximately $1,187,638.65. This represents a 22.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 158,553 shares of company stock worth $47,951,856 in the last quarter. 12.99% of the stock is owned by corporate insiders.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Reported huge Anthropic commitment to Google Cloud — The Information/Reuters reported Anthropic has agreed to spend roughly $200 billion with Google Cloud over multiple years, a deal that would materially boost cloud bookings and long‑term revenue visibility. Anthropic commits $200B to Google Cloud (Reuters)
• Positive Sentiment: Analysts turning more bullish and lifting price targets — Multiple firms have raised targets (including a street‑high $515 note), citing AI upside, custom models and accelerating cloud monetization, supporting higher valuation multiples. Analyst $515 target (TipRanks)
• Positive Sentiment: Record highs and strong Q1 fundamentals — Investors are pricing in Q1 beats (EPS and revenue), 60%+ cloud growth and a ballooning cloud backlog that underpins multi‑year revenue conversion. That momentum is driving buying interest. Alphabet hits record highs (Yahoo)
• Positive Sentiment: Product / infrastructure moves could expand addressable market — Google moving to sell TPUs directly and scale AI compute options could accelerate revenue capture and challenge competitors in AI infrastructure. Google to sell TPUs directly (247WallSt)
• Neutral Sentiment: U.S. government access and stress‑testing of AI models — The administration expanded programs to let government scientists and agencies review unreleased models (including DeepMind) to assess risks; this is a mix of oversight and validation. US stress tests of AI models (Reuters)
• Neutral Sentiment: Capital markets: large euro bond sale with strong demand — Alphabet tapped the euro market with a multi‑tranche offering to fund AI infrastructure; strong order books reduce financing risk but also highlight heavy near‑term CapEx plans. Euro bond offering (Reuters)
• Negative Sentiment: Employee unrest and DoD/defense work — DeepMind staff have pushed for union recognition and protested military contracts; classified DoD engagements raise reputational and retention risks that could affect operations. DeepMind union vote over military deals (Business Insider)
• Negative Sentiment: Regulatory/privacy push in EU — A top Google scientist warned that EU proposals to share search data with rivals could expose user data, signaling potential regulatory headwinds and business model risk if rules tighten. EU data sharing concerns (Reuters)

Alphabet Stock Performance

Shares of Alphabet stock opened at $384.34 on Wednesday. The company has a market cap of $4.65 trillion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 1.62 and a beta of 1.25. Alphabet Inc. has a 52 week low of $149.49 and a 52 week high of $388.96. The business has a 50 day moving average price of $313.83 and a 200-day moving average price of $309.58. 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 data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.68 by $2.43. The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.81 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 13.72 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is currently 6.41%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GOOG. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a research note on Monday, April 20th. Truist Financial set a $385.00 target price on Alphabet in a research note on Wednesday, April 22nd. Scotiabank restated an "outperform" rating and issued a $450.00 target price (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. UBS Group restated a "neutral" rating and issued a $348.00 target price (up from $345.00) on shares of Alphabet in a research note on Thursday, February 12th. Finally, KeyCorp set a $370.00 price target on Alphabet in a research note on Thursday, February 5th. Six 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 stock. According to data from MarketBeat.com, Alphabet currently has an average rating of "Buy" and an average target price of $362.73.

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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