Fortis Capital Advisors LLC Sells 2,152 Shares of Alphabet Inc. $GOOGL

Key Points

• Anthropic committed to a multiyear purchase deal with Google Cloud reportedly worth about $200 billion over five years, a major long‑term revenue catalyst for Alphabet's cloud business.
• Alphabet crushed Q1 estimates with EPS of $5.11 (vs. $2.64 expected) and $109.9B revenue, spurring multiple price‑target upgrades and a MarketBeat consensus of "Moderate Buy" with an average target near $405.94.
• Insider and fund activity showed selling pressure—insiders disposed of 158,553 shares (~$47.95M) in the last three months (including CEO Sundar Pichai), while Fortis Capital Advisors trimmed its stake by 19% (sold 2,152 shares); institutional ownership stands around 40%.

Fortis Capital Advisors LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 19.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,157 shares of the information services provider's stock after selling 2,152 shares during the period. Fortis Capital Advisors LLC's holdings in Alphabet were worth $2,866,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Aspiring Ventures LLC boosted its stake in Alphabet by 52.6% during the fourth quarter. Aspiring Ventures LLC now owns 8,165 shares of the information services provider's stock worth $2,555,000 after acquiring an additional 2,815 shares in the last quarter. Krilogy Financial LLC boosted its stake in Alphabet by 24.0% during the fourth quarter. Krilogy Financial LLC now owns 85,925 shares of the information services provider's stock worth $28,635,000 after acquiring an additional 16,629 shares in the last quarter. Earned Wealth Advisors LLC boosted its stake in Alphabet by 136.5% during the fourth quarter. Earned Wealth Advisors LLC now owns 30,692 shares of the information services provider's stock worth $9,607,000 after acquiring an additional 17,714 shares in the last quarter. Berkshire Money Management Inc. bought a new stake in Alphabet during the fourth quarter worth about $1,648,000. Finally, Benedict Financial Advisors Inc. boosted its stake in Alphabet by 14.8% during the fourth quarter. Benedict Financial Advisors Inc. now owns 7,804 shares of the information services provider's stock worth $2,443,000 after acquiring an additional 1,007 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Dbs Bank lifted their target price on shares of Alphabet from $360.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, April 17th. HSBC lifted their target price on shares of Alphabet from $385.00 to $435.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. BMO Capital Markets lifted their target price on shares of Alphabet from $410.00 to $435.00 and gave the stock an "outperform" rating in a report on Thursday, April 30th. Moffett Nathanson lifted their target price on shares of Alphabet from $305.00 to $350.00 and gave the stock a "buy" rating in a report on Thursday, February 5th. Finally, Robert W. Baird lifted their target price on shares of Alphabet from $380.00 to $400.00 and gave the stock an "outperform" rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $405.94.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the completion of the sale, the chief executive officer directly owned 1,642,060 shares in the company, valued at approximately $505,573,853.40. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 617 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the transaction, the chief accounting officer owned 10,093 shares of the company's stock, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 in the last three months. Corporate insiders own 11.61% of the company's stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Anthropic committed to a multiyear purchase deal with Google Cloud reportedly worth about $200 billion over five years — a massive, long‑term revenue catalyst for Google Cloud and an endorsement of Alphabet’s AI infrastructure business. Anthropic commits to spending $200 billion on Google's cloud and chips, The Information reports
• Positive Sentiment: Analysts kept raising targets and reiterating buys after strong Q1 results and cloud growth — notable lifts from firms including Citizens/JMP, New Street, China Renaissance, Daiwa and President Capital — supporting upside expectations. Citizens Jmp price target raise
• Positive Sentiment: Alphabet’s euro bond deal drew strong demand (orders well above the planned issuance), signaling institutional appetite to fund the company’s AI/capex plans without equity dilution. Alphabet taps euro bond market with six-tranche offering
• Positive Sentiment: Competitive moves: reports that Google will sell TPUs directly could expand its AI‑compute addressable market and pressure rivals (notably Nvidia) — a strategic push that investors view as positive for long‑term AI economics. Google Moves to Sell TPUs Directly
• Neutral Sentiment: The U.S. government and multiple AI firms (including Google/DeepMind) agreed to share pre‑release models for national‑security risk reviews — this increases oversight but also legitimizes Google as a trusted provider for sensitive use cases. What we know about US stress tests of Google, xAI and Microsoft AI models
• Neutral Sentiment: Market cap momentum story: coverage noted Alphabet closing the gap with Nvidia as one of the world’s largest companies, which can attract index and momentum flows but also draw headline volatility. Alphabet closes in on Nvidia's spot as world's biggest company
• Negative Sentiment: EU regulatory friction: a senior Google scientist warned EU regulators that proposed data‑sharing rules could expose user data — heightening European regulatory risk to search and AI data practices. Top Google scientist says EU data measures pose privacy risk for users
• Negative Sentiment: Labor and reputational risk: DeepMind/Google AI staff in the UK voted to unionize and workers have demanded recognition over military use of tech — potential operational, PR and execution risk for AI teams. UK Google DeepMind employees vote to unionize
• Negative Sentiment: Some sell‑side/independent calls temper enthusiasm (a downgrade from Freedom Capital and contrarian technical crash calls), which can amplify short‑term volatility despite strong fundamentals. Freedom Capital downgrade / Zacks

Alphabet Stock Up 1.4%

GOOGL opened at $388.46 on Wednesday. The firm has a 50 day moving average price of $315.19 and a 200-day moving average price of $309.67. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $4.70 trillion, a price-to-earnings ratio of 29.63, a PEG ratio of 1.71 and a beta of 1.26. Alphabet Inc. has a twelve month low of $147.84 and a twelve month high of $392.82.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Equities research analysts forecast that Alphabet Inc. will post 13.58 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. This is a positive change from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is presently 6.41%.

Alphabet 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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