Fort Point Capital Partners LLC Has $4.87 Million Holdings in Alphabet Inc. $GOOGL

Key Points

• Fort Point Capital Partners cut its stake in Alphabet by 66.4% in Q3, selling 39,563 shares and leaving it with 20,034 shares worth about $4.87 million.
• Major institutions have been adding big positions — Norges Bank opened a roughly $21.94 billion stake and Berkshire Hathaway added about $4.34 billion — and institutional investors/hedge funds now own about 40.03% of Alphabet.
• Alphabet carries an average analyst rating of "Moderate Buy" with a consensus target price of about $367.18, reflecting several recent price-target increases and predominantly Buy/Strong Buy recommendations.

Fort Point Capital Partners LLC cut its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 66.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,034 shares of the information services provider's stock after selling 39,563 shares during the quarter. Fort Point Capital Partners LLC's holdings in Alphabet were worth $4,870,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Alphabet in the 2nd quarter valued at approximately $21,944,208,000. Berkshire Hathaway Inc acquired a new position in Alphabet in the 3rd quarter worth approximately $4,338,397,000. Laurel Wealth Advisors LLC grew its position in Alphabet by 17,667.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 15,245,075 shares of the information services provider's stock worth $2,686,640,000 after purchasing an additional 15,159,273 shares in the last quarter. Capital World Investors raised its stake in Alphabet by 28.0% during 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 purchasing an additional 11,605,785 shares during the period. Finally, Franklin Resources Inc. raised its stake in Alphabet by 51.7% during the 2nd quarter. Franklin Resources Inc. now owns 31,817,684 shares of the information services provider's stock valued at $5,607,232,000 after purchasing an additional 10,843,853 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GOOGL has been the subject of a number of research analyst reports. Rosenblatt Securities increased their target price on Alphabet from $279.00 to $357.00 and gave the company a "neutral" rating in a report on Thursday, February 5th. Loop Capital upped their price target on Alphabet from $320.00 to $355.00 and gave the company a "buy" rating in a research report on Monday, February 23rd. Arete Research increased their price objective on Alphabet from $380.00 to $405.00 and gave the stock a "buy" rating in a research note on Wednesday, February 11th. Wall Street Zen lowered Alphabet from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, DZ Bank reaffirmed a "buy" rating on shares of Alphabet in a research note on Monday, February 16th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-three have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Alphabet has an average rating of "Moderate Buy" and a consensus target price of $367.18.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $302.99, for a total value of $33,934.88. Following the completion of the sale, the director directly owned 18,418 shares in the company, valued at $5,580,469.82. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 47,574 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the completion of the sale, the insider directly owned 13,227 shares of the company's stock, valued at $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,076,615 shares of company stock worth $107,809,111 in the last quarter. Corporate insiders own 11.55% of the company's stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Major competitor Meta has delayed a next‑generation AI release and reportedly discussed temporarily licensing Google’s Gemini model, which could help Alphabet expand usage/licensing of its AI stack and win incremental share. Meta delays release; may license Gemini
• Positive Sentiment: Needham & Company reaffirmed a "buy" on GOOGL and set a $400 price target (~32% upside from current levels), which can support investor confidence and buying interest. Needham reiterates buy
• Positive Sentiment: Multiple reports highlight Meta falling behind on large AI models (and considering licensing Google tech), reinforcing the view that Google could capture market share in foundational models and services. Meta falling behind — Yahoo
• Positive Sentiment: Zacks highlighted Alphabet's earnings growth and price strength as reasons to watch GOOGL, supporting a constructive fundamental view after recent results. Zacks: earnings growth & price strength
• Neutral Sentiment: Google, Amazon and Meta pushing their own AI chips signals a structural shift in AI infrastructure — a long‑term positive if Google’s stack wins, but it intensifies competition with incumbents like NVIDIA and may pressure margins/capex. AI chips competition — Yahoo
• Neutral Sentiment: Google sold a partial stake in its GFiber unit and partnered to form a new independent fiber provider; this reduces direct capital burden but also trims ownership of the broadband growth asset. GFiber stake sale — CNBC
• Neutral Sentiment: Brand/PR note: Google named its London HQ "Platform 37" referencing DeepMind/AlphaGo success — modestly positive for culture/AI branding but not material to near‑term financials. Platform 37 naming — Reuters
• Negative Sentiment: UK regulator and wider regulatory scrutiny on tech safety and child protection remain overhangs for Big Tech, including Alphabet, since new rules or enforcement could increase compliance costs or constrain certain services. UK regulator warning — Sky

Alphabet Price Performance

GOOGL opened at $302.28 on Monday. The stock has a market cap of $3.66 trillion, a price-to-earnings ratio of 27.96, a PEG ratio of 1.77 and a beta of 1.10. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $349.00. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The stock has a fifty day moving average price of $319.12 and a 200 day moving average price of $290.39.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.57 by $0.25. 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. Analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet's payout ratio is presently 7.77%.

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.

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