Douglas Lane & Associates LLC Has $54.69 Million Holdings in Alphabet Inc. $GOOGL

Key Points

• Douglas Lane & Associates cut its stake in Alphabet by 9.5%, selling 18,429 shares to hold 174,739 shares valued at about $54.69 million at quarter-end.
• Alphabet is ramping enterprise AI efforts — unveiling new TPU 8t/8i chips, launching the Gemini Enterprise Agent Platform, committing a $750 million partner fund and securing a multiyear Merck deal worth up to $1 billion, which has spurred analyst price-target raises.
• Despite the AI momentum, insiders have been active sellers recently: CEO Sundar Pichai sold 32,500 shares and insiders have disposed of 2,037,294 shares (~$94.2 million) in the past 90 days.

Douglas Lane & Associates LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 174,739 shares of the information services provider's stock after selling 18,429 shares during the period. Douglas Lane & Associates LLC's holdings in Alphabet were worth $54,693,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. CIBC Bancorp USA Inc. acquired a new stake in shares of Alphabet in the 3rd quarter valued at $416,217,000. Griffin Asset Management Inc. lifted its stake in shares of Alphabet by 13.9% in the 3rd quarter. Griffin Asset Management Inc. now owns 58,731 shares of the information services provider's stock valued at $14,277,000 after purchasing an additional 7,180 shares during the last quarter. Sovran Advisors LLC lifted its stake in shares of Alphabet by 23.6% in the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider's stock valued at $5,401,000 after purchasing an additional 4,241 shares during the last quarter. Wright Investors Service Inc. lifted its stake in shares of Alphabet by 21.2% in the 3rd quarter. Wright Investors Service Inc. now owns 50,064 shares of the information services provider's stock valued at $12,171,000 after purchasing an additional 8,746 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in Alphabet by 3.8% during the 3rd quarter. CIBC Asset Management Inc now owns 1,666,577 shares of the information services provider's stock worth $405,131,000 after acquiring an additional 60,831 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled two new custom AI chips — a TPU 8t for training and a TPU 8i for inference — positioned to lower cloud AI costs and compete with Nvidia on infrastructure. This supports cloud margin expansion and hardware/service revenue upside. Article Title
• Positive Sentiment: Google launched the Gemini Enterprise Agent Platform to build and deploy agentic AI for businesses — a strategic product aimed at monetizing generative AI across large enterprises and driving Google Cloud adoption. Article Title
• Positive Sentiment: Google Cloud committed a $750 million partner fund to accelerate agentic AI adoption among consulting, SI and software partners — an investment that can speed customer deployments and lift services revenue. Article Title
• Positive Sentiment: Merck announced a multiyear partnership, investing up to $1 billion in Google Cloud to deploy AI across R&D, manufacturing and commercial operations — a material enterprise win that validates Google’s enterprise AI stack. Article Title
• Positive Sentiment: Product integrations expand monetization vectors: major Workspace AI updates (drafting/Sheets automation) and Chrome “auto browse” enterprise features embed Gemini into user workflows, increasing stickiness and upsell potential. Article Title Article Title
• Positive Sentiment: Multiple analyst updates raised targets (BMO to $410; Cantor Fitzgerald and KeyCorp also raised targets), reflecting increased sell-side conviction about Alphabet’s AI/cash-flow upside. That analyst momentum often amplifies positive price reaction. Article Title
• Neutral Sentiment: Ecosystem and security partners (Exabeam, Vodafone, Thinking Machines Lab expansion) showed integrations and vendor deals that ease enterprise adoption but are longer‑term revenue drivers rather than immediate catalysts. Article Title
• Negative Sentiment: Offsetting items: a small insider sell note was reported, which prompted modest near-term selling pressure for some investors. Insider moves can weigh on sentiment even as fundamentals improve. Article Title

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $303.41, for a total transaction of $318,580.50. Following the transaction, the director owned 4,631 shares in the company, valued at approximately $1,405,091.71. The trade was a 18.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $335.18, for a total transaction of $10,893,350.00. Following the transaction, the chief executive officer owned 2,179,372 shares in the company, valued at approximately $730,481,906.96. The trade was a 1.47% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 2,037,294 shares of company stock worth $94,216,897. Insiders own 11.64% of the company's stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $339.32 on Thursday. The firm's 50-day moving average is $307.93 and its 200-day moving average is $303.68. Alphabet Inc. has a 52-week low of $147.84 and a 52-week high of $349.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market cap of $4.10 trillion, a price-to-earnings ratio of 31.39, a PEG ratio of 2.05 and a beta of 1.12.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The company had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Equities research analysts anticipate that Alphabet Inc. will post 11.53 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were issued a dividend of $0.21 per share. The ex-dividend date was Monday, March 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.2%. Alphabet's payout ratio is presently 7.77%.

Analyst Ratings Changes

A number of research firms have weighed in on GOOGL. Wedbush boosted their target price on shares of Alphabet from $360.00 to $370.00 and gave the stock an "outperform" rating in a research report on Thursday, February 5th. DZ Bank reissued a "buy" rating on shares of Alphabet in a research report on Monday, February 16th. The Goldman Sachs Group reissued a "buy" rating and set a $375.00 target price (up from $330.00) on shares of Alphabet in a research report on Tuesday, January 13th. New Street Research boosted their target price on shares of Alphabet from $330.00 to $380.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th. Finally, Mizuho boosted their target price on shares of Alphabet from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $369.67.

About Alphabet

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.