Fiduciary Alliance LLC Sells 2,212 Shares of Alphabet Inc. $GOOGL

Key Points

• Fiduciary Alliance LLC sold 2,212 shares of Alphabet (a 2.6% reduction), leaving it with 81,402 shares worth approximately $25.48 million, representing about 1.7% of the firm's holdings.
• Large institutions have been actively adding to Alphabet: Berkshire Hathaway opened a new position valued at roughly $4.34 billion, while Capital World, Capital Research, Mizuho and Coatue all substantially increased stakes; institutional ownership stands near 40.03%.
• Alphabet recently beat quarterly expectations (EPS $2.82 vs. $2.57 est.; revenue $113.83B), has a market cap of about $4.02 trillion, a P/E around 30.7, pays a quarterly dividend of $0.21 (≈0.3% yield), and carries a consensus rating of Moderate Buy with a ~$369.47 target.

Fiduciary Alliance LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 81,402 shares of the information services provider's stock after selling 2,212 shares during the quarter. Alphabet accounts for about 1.7% of Fiduciary Alliance LLC's holdings, making the stock its 8th biggest position. Fiduciary Alliance LLC's holdings in Alphabet were worth $25,479,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in GOOGL. Berkshire Hathaway Inc acquired a new position in Alphabet in the 3rd quarter valued at approximately $4,338,397,000. Capital World Investors increased its stake in Alphabet by 28.0% in the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after buying an additional 11,605,785 shares during the period. Capital Research Global Investors increased its stake in Alphabet by 15.7% in the 3rd quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider's stock valued at $12,333,076,000 after buying an additional 6,874,381 shares during the period. Mizuho Markets Cayman LP increased its stake in Alphabet by 23,402.1% in the 3rd quarter. Mizuho Markets Cayman LP now owns 6,118,547 shares of the information services provider's stock valued at $1,487,419,000 after buying an additional 6,092,513 shares during the period. Finally, Coatue Management LLC increased its stake in Alphabet by 259.1% in the 3rd quarter. Coatue Management LLC now owns 7,221,115 shares of the information services provider's stock valued at $1,755,453,000 after buying an additional 5,210,434 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Performance

Shares of GOOGL opened at $332.29 on Wednesday. The company's fifty day moving average is $307.36 and its 200-day moving average is $303.43. Alphabet Inc. has a 12 month low of $147.84 and a 12 month high of $349.00. The firm has a market cap of $4.02 trillion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 2.08 and a beta of 1.12. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11.

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. The business had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. Equities analysts expect that Alphabet Inc. will post 11.53 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet's dividend payout ratio is currently 7.77%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Major analyst upward moves and reaffirmations bolster sentiment — UBS raised its target to $375 and other firms have lifted targets or reiterated buys, lending support to the stock's mid-term outlook. UBS Raises Alphabet's Target to $375
• Positive Sentiment: AI chip and TPU momentum: reports that Google is expanding its TPU/inference chip push and is in talks with Marvell to co-develop inference-focused chips strengthen Alphabet’s vertical integration in AI infrastructure, supporting Google Cloud’s competitiveness and long-term margin prospects. AI Infrastructure Story Is Getting Bigger for GOOGL
• Positive Sentiment: Commercial partnerships expand cloud reach — Vodafone will offer small-business cybersecurity and agentic AI via a strategic Google Cloud tie-up, which can broaden customer acquisition for Google Cloud in Europe. Vodafone offers small businesses cybersecurity, AI capability with Google tie-up
• Neutral Sentiment: Risk-on macro flows and crypto/tech rallies are boosting demand for big-cap tech general sentiment, which can help Alphabet, but these moves are market-driven and not company-specific. Bitcoin and Big Tech Rally as Risk Appetite Returns
• Neutral Sentiment: Longer-term security/crypto concerns: headlines about quantum threats to crypto (and Google's published research) are sector-level technical risks but unlikely to change Alphabet's near-term revenue profile. After Google, largest U.S. crypto exchange warns of quantum threat
• Negative Sentiment: Regulatory/legal cloud competition risk — a UK tribunal allowing a mass lawsuit that alleges Microsoft overcharged customers on rival clouds underscores that cloud pricing and licensing disputes can surface unexpectedly and increase scrutiny of hyperscaler economics (an adverse outcome could influence competitive dynamics). Microsoft must face $2.8 billion UK lawsuit over cloud computing licences
• Negative Sentiment: Advertising share pressure — forecasts that Meta may surpass Google in ad revenue this year highlight intensifying ad-market competition and could cap near-term ad-growth expectations for Alphabet. Meta Set To Surpass Google With $243 Billion In Ad Revenue

Analyst Upgrades and Downgrades

GOOGL has been the topic of several research reports. DA Davidson upped their price objective on shares of Alphabet from $300.00 to $310.00 and gave the company a "neutral" rating in a research note on Thursday, February 5th. Piper Sandler restated an "overweight" rating and set a $395.00 price target (up from $365.00) on shares of Alphabet in a research note on Thursday, February 5th. China Renaissance increased their price target on shares of Alphabet from $330.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Alphabet from $370.00 to $390.00 and gave the stock a "buy" rating in a research note on Thursday, February 5th. Finally, Wedbush increased their price target on shares of Alphabet from $360.00 to $370.00 and gave the stock an "outperform" rating in a research note on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $369.47.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O'toole sold 617 shares of the company's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the sale, the chief accounting officer directly owned 10,093 shares of the company's stock, valued at approximately $2,923,235.59. This represents a 5.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the sale, the chief executive officer directly owned 1,642,060 shares of the company's stock, valued at approximately $505,573,853.40. This represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,037,294 shares of company stock worth $94,216,897 in the last quarter. 11.55% of the stock is owned by corporate insiders.

Alphabet Company Profile

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.