Courier Capital LLC Has $24.45 Million Holdings in Alphabet Inc. $GOOG

Key Points

• Courier Capital LLC cut its Alphabet stake by 11.3% in Q4 to 77,919 shares worth $24.45 million, making GOOG 1.4% of its portfolio and its 16th-largest holding.
• Alphabet beat Q1 estimates with EPS of $5.11 vs. $2.68 and revenue of $109.9B (up 21.8% y/y), while analysts remain broadly bullish with an average price target of $362.73.
• The Information/Reuters reported Anthropic has committed roughly $200 billion to Google Cloud over multiple years, a development that could materially boost cloud bookings and long-term revenue visibility.

Courier Capital LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,919 shares of the information services provider's stock after selling 9,973 shares during the quarter. Alphabet comprises 1.4% of Courier Capital LLC's investment portfolio, making the stock its 16th biggest position. Courier Capital LLC's holdings in Alphabet were worth $24,451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. True Link Financial Advisors LLC acquired a new position in Alphabet in the fourth quarter valued at about $517,000. Vanguard Group Inc. raised its stake in Alphabet by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider's stock valued at $132,114,125,000 after purchasing an additional 8,128,234 shares in the last quarter. Coquina Private Wealth LLC acquired a new position in Alphabet in the fourth quarter valued at about $2,563,000. Strategent Financial LLC acquired a new position in Alphabet in the fourth quarter valued at about $217,000. Finally, Munich Reinsurance Co Stock Corp in Munich raised its stake in Alphabet by 1.0% in the fourth quarter. Munich Reinsurance Co Stock Corp in Munich now owns 340,804 shares of the information services provider's stock valued at $107,200,000 after purchasing an additional 3,247 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Trending Headlines about Alphabet

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)

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total value 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. This represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O'toole sold 617 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the sale, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. The trade was a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 158,553 shares of company stock valued at $47,951,856 over the last three months. Insiders own 12.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GOOG shares. Piper Sandler reiterated an "overweight" rating and issued a $395.00 target price on shares of Alphabet in a research report on Thursday, February 5th. DZ Bank upgraded Alphabet to a "strong-buy" rating in a research report on Monday, February 16th. Pivotal Research reiterated a "buy" rating and issued a $470.00 target price (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. Wedbush reiterated an "outperform" rating and issued a $370.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Finally, Freedom Capital cut Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Monday. Six investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $362.73.

Alphabet Stock 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 price-to-earnings-growth ratio of 1.62 and a beta of 1.25. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock's 50-day moving average is $313.83 and its 200-day moving average is $309.58. Alphabet Inc. has a 1-year low of $149.49 and a 1-year high of $388.96.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. The company had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.81 earnings per share. Equities research 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 issued a $0.22 dividend. The ex-dividend date is Monday, June 8th. This is a boost from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet's dividend payout ratio (DPR) is currently 6.41%.

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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