Fisher Funds Management LTD Sells 4,605 Shares of Alphabet Inc. $GOOG

Key Points

• Fisher Funds Management LTD reduced its stake in Alphabet by 5.4% in Q4, selling 4,605 shares and leaving it with 80,069 shares valued at approximately $25.16 million per its latest 13F filing.
• Insiders have been net sellers recently: CEO Sundar Pichai sold 32,500 shares for about $9.88 million, and insiders sold a total of 2,037,294 shares worth roughly $94.22 million in the past three months; insiders now own 12.99% of the company.
• Alphabet committed up to $40 billion to AI startup Anthropic (initial $10B now, up to $30B contingent on milestones), a move seen as bullish for Google Cloud and AI infrastructure but that increases execution, CapEx and regulatory risks.

Fisher Funds Management LTD lessened its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,069 shares of the information services provider's stock after selling 4,605 shares during the period. Fisher Funds Management LTD's holdings in Alphabet were worth $25,164,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in Alphabet by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider's stock valued at $24,240,469,000 after purchasing an additional 7,904,434 shares during the last quarter. Alliancebernstein L.P. raised its position in Alphabet by 5.8% during the 3rd quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider's stock valued at $9,749,864,000 after purchasing an additional 2,209,203 shares during the last quarter. Legal & General Group Plc raised its position in Alphabet by 0.7% during the 3rd quarter. Legal & General Group Plc now owns 32,583,332 shares of the information services provider's stock valued at $7,935,671,000 after purchasing an additional 223,743 shares during the last quarter. Capital World Investors raised its position in Alphabet by 1.9% during the 3rd quarter. Capital World Investors now owns 28,625,464 shares of the information services provider's stock valued at $6,971,769,000 after purchasing an additional 539,679 shares during the last quarter. Finally, Invesco Ltd. raised its position in Alphabet by 3.6% during the 3rd quarter. Invesco Ltd. now owns 21,531,348 shares of the information services provider's stock valued at $5,243,960,000 after purchasing an additional 756,602 shares during the last quarter. Institutional investors own 27.26% of the company's stock.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the transaction, the chief executive officer owned 2,818,524 shares in the company, valued at approximately $856,605,814.08. This represents a 1.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the company's stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $19.00, for a total value of $35,060,852.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 2,037,294 shares of company stock worth $94,216,897. Company insiders own 12.99% of the company's stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google confirmed a planned up to $40 billion commitment to AI startup Anthropic — $10B invested now and up to $30B contingent on performance — signaling a deep strategic partnership that should drive Google Cloud revenue, TPU demand and long‑term AI market share. PYMNTS: Google Doubles Down on Anthropic
• Positive Sentiment: Market and media reaction pushed GOOGL coverage higher today: outlets and traders flagged the deal as bullish for Google Cloud, TPU sales and infrastructure partners, contributing to the stock uptick. Blockonomi: Stock Climbs on $40B Anthropic Partnership
• Positive Sentiment: Alphabet’s recent fundamentals and AI product momentum (Gemini, TPU launches, Cloud partnerships) give investors confidence the Anthropic deal can translate into higher monetization and ad/search engagement — analysts have raised targets and reiterated buys ahead of Q1 earnings. ProactiveInvestors: Buy Rating Ahead of Q1
• Neutral Sentiment: The additional $30B is contingent on milestones — positive if targets are met, but it spreads the cash out over time and ties part of the commitment to execution risk and market conditions. TechCrunch: Google to Invest Up to $40B in Anthropic
• Neutral Sentiment: Global AI competition is intensifying (including from Chinese players) — this validates demand but keeps pricing and product dynamics uncertain. Yahoo Finance: China’s DeepSeek Preview
• Negative Sentiment: Regulatory risk: the EU is pressing Google to give AI rivals access to Android features — any mandated access could weaken parts of Google’s mobile moat and limit competitive advantage for Gemini on Android. PYMNTS: EU Pressure on Android Access
• Negative Sentiment: Scale of AI spending and infrastructure roll‑outs raises CapEx and free‑cash‑flow pressure; investors should watch upcoming Q1 results and FCF guidance for signs the investments are converting into profitable growth. Seeking Alpha: Q1 Preview — CapEx Risks

Alphabet Stock Up 1.4%

GOOG stock opened at $342.32 on Friday. Alphabet Inc. has a fifty-two week low of $149.49 and a fifty-two week high of $350.15. The business's 50 day moving average price is $308.26 and its two-hundred day moving average price is $305.02. 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 capitalization of $4.14 trillion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 2.09 and a beta of 1.13.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.23. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. During the same quarter in the prior year, the business earned $2.15 EPS. The business's revenue for the quarter was up 18.0% on a year-over-year basis. As a group, analysts forecast that Alphabet Inc. will post 11.53 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet's dividend payout ratio is 7.77%.

Wall Street Analyst Weigh In

A number of research analysts have commented on GOOG shares. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $375.00 price target on shares of Alphabet in a research report on Thursday, January 15th. Piper Sandler reaffirmed an "overweight" rating and set a $395.00 price target on shares of Alphabet in a research report on Thursday, February 5th. KeyCorp set a $370.00 price target on Alphabet in a research report on Thursday, February 5th. Wedbush reaffirmed an "outperform" rating and set a $370.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and set a $345.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Seven analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $351.73.

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.

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.