Coquina Private Wealth LLC Invests $2.56 Million in Alphabet Inc. $GOOG

Key Points

• Coquina Private Wealth LLC bought 8,168 shares of Alphabet (~$2.56 million), making GOOG its 10th-largest holding and 2.1% of the firm's portfolio.
• Alphabet reported a strong Q1 beat (EPS $5.11 vs. $2.68; revenue $109.9B vs. $106.96B) and carries a MarketBeat consensus "Buy" rating with a $362.73 target price.
• Bullish catalysts include a reported ~$200 billion Anthropic commitment to Google Cloud, analyst price‑target upgrades and product moves (selling TPUs) that support cloud/AI revenue growth while Alphabet taps euro bonds to fund AI capex.

Coquina Private Wealth LLC purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,168 shares of the information services provider's stock, valued at approximately $2,563,000. Alphabet comprises 2.1% of Coquina Private Wealth LLC's investment portfolio, making the stock its 10th biggest position.

Several other hedge funds also recently modified their holdings of GOOG. Imprint Wealth LLC acquired a new stake in shares of Alphabet in the third quarter worth $31,000. Manning & Napier Advisors LLC bought a new stake in shares of Alphabet during the 3rd quarter worth $32,000. Nvest Wealth Strategies Inc. bought a new stake in shares of Alphabet during the 4th quarter worth $38,000. Towne Trust Company N.A boosted its holdings in shares of Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock worth $42,000 after buying an additional 34 shares during the period. Finally, Lynch Asset Management Inc. bought a new stake in shares of Alphabet during the 3rd quarter worth $61,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GOOG shares. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $345.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a report on Monday, April 20th. DZ Bank raised shares of Alphabet to a "strong-buy" rating in a report on Monday, February 16th. Phillip Securities downgraded shares of Alphabet from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, April 15th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $400.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $362.73.

Alphabet Price Performance

NASDAQ:GOOG opened at $384.34 on Wednesday. The stock has a market cap of $4.65 trillion, a P/E ratio of 29.32, a PEG ratio of 1.62 and a beta of 1.25. Alphabet Inc. has a one year low of $149.49 and a one year high of $388.96. The company has a fifty day moving average price of $313.83 and a 200 day moving average price of $309.58. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.68 by $2.43. The firm had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.81 EPS. Analysts anticipate that Alphabet Inc. will post 13.72 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, June 8th. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio is currently 6.41%.

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)

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 47,574 shares of the company's stock in a transaction 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 completion of the transaction, the insider directly owned 13,227 shares in the company, valued at $3,987,279.15. This represents a 78.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 1,050 shares of the company's stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total transaction of $348,232.50. Following the transaction, the director owned 3,581 shares of the company's stock, valued at approximately $1,187,638.65. The trade was a 22.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 158,553 shares of company stock valued at $47,951,856 in the last 90 days. 12.99% of the stock is owned by company insiders.

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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