Fulcrum Capital LLC Has $31.47 Million Stock Position in Alphabet Inc. $GOOGL

Key Points

• Fulcrum Capital LLC trimmed its stake in Alphabet by 4.2% in Q4, selling 4,439 shares and now holds 100,546 shares worth $31.47 million, which represents 6.3% of the firm's holdings and is its third-largest position.
• Alphabet beat quarterly expectations with EPS of $2.82 versus $2.57 and revenue of $113.83 billion versus $111.24 billion, and declared a $0.21 quarterly dividend (annualized $0.84, ~0.3% yield).
• Analysts’ consensus is a Moderate Buy with an average target of $367.33, while insiders have sold about 2.07 million shares (~$104.7 million) in the past 90 days amid ~40.03% institutional ownership.

Fulcrum Capital LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,546 shares of the information services provider's stock after selling 4,439 shares during the period. Alphabet comprises 6.3% of Fulcrum Capital LLC's holdings, making the stock its 3rd largest position. Fulcrum Capital LLC's holdings in Alphabet were worth $31,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in GOOGL. PMV Capital Advisers LLC acquired a new position in shares of Alphabet during the 4th quarter worth about $38,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Alphabet during the 3rd quarter worth about $53,000. iSAM Funds UK Ltd acquired a new position in shares of Alphabet during the 3rd quarter worth about $53,000. Corsicana & Co. acquired a new position in shares of Alphabet during the 3rd quarter worth about $54,000. Finally, Sellwood Investment Partners LLC acquired a new position in shares of Alphabet during the 3rd quarter worth about $63,000. Institutional investors own 40.03% of the company's stock.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of recent research reports. Truist Financial set a $385.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a research note on Wednesday, January 21st. DZ Bank restated a "buy" rating on shares of Alphabet in a research note on Monday, February 16th. Arete Research increased their price objective on shares of Alphabet from $380.00 to $405.00 and gave the stock a "buy" rating in a research note on Wednesday, February 11th. Finally, Rosenblatt Securities increased their price objective on shares of Alphabet from $279.00 to $357.00 and gave the stock a "neutral" rating in a research note on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $367.33.

Alphabet Stock Up 1.8%

Shares of GOOGL stock opened at $305.46 on Wednesday. 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 firm's 50-day moving average is $308.04 and its 200-day moving average is $297.62. The stock has a market cap of $3.70 trillion, a price-to-earnings ratio of 28.26, a PEG ratio of 1.81 and a beta of 1.12. Alphabet Inc. has a 52-week low of $143.03 and a 52-week high of $349.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.57 by $0.25. The company had revenue of $113.83 billion for the quarter, compared to analysts' expectations of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. Sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

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

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 955 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the transaction, the chief accounting officer directly owned 9,918 shares of the company's stock, valued at $2,955,564. This represents a 8.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the 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 completion of the transaction, the director directly owned 4,631 shares in the company, valued at approximately $1,405,091.71. This represents a 18.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 2,069,344 shares of company stock worth $104,708,426. 11.55% of the stock is currently owned by insiders.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Broadcom signs a multi‑year deal to develop and supply Google’s next‑generation custom AI chips and data‑center components, reducing supply uncertainty for Google's AI racks and supporting cloud/AI margin leverage. Broadcom signs long-term deal to develop Google's custom AI chips (Reuters)
• Positive Sentiment: Expanded Broadcom/Google/Anthropic collaboration increases compute capacity commitments and validates strong demand for Google’s TPUs and rack infrastructure — a positive for Google Cloud positioning and unit economics. Broadcom agrees to expanded chip deals with Google, Anthropic (CNBC)
• Positive Sentiment: Anthropic’s increased compute deal with Google and Broadcom underscores rising demand for Google‑hosted model capacity and could boost revenue from enterprise AI partnerships. Anthropic ups compute deal with Google and Broadcom (TechCrunch)
• Positive Sentiment: CEO Sundar Pichai says the AI shift creates more opportunities to invest in startups (SpaceX, Anthropic cited), signaling proactive capital deployment into strategic AI partners and potential long‑term ecosystem benefits. Pichai: AI shift opens opportunities to invest in startups (CNBC)
• Positive Sentiment: Waymo opens driverless rides to the public in Nashville, advancing commercial autonomy efforts and potential ride‑hailing revenue streams for Alphabet’s self‑driving unit. Waymo Opens Driverless Rides to the Public in Nashville (CNET)
• Neutral Sentiment: Analyst commentary and trending coverage (Zacks, Citizens analyst update, market pieces) keep Alphabet on investors’ watchlists; these items support interest but don’t change fundamentals immediately. Alphabet lapping the market (Zacks)
• Negative Sentiment: Shareholder pressure over data‑center water and power use highlights potential permitting delays, higher compliance costs and reputational risk for large buildouts. Investors press Amazon, Microsoft and Google on water, power use (Reuters)
• Negative Sentiment: A NYT analysis questions the accuracy and sourcing of Google's AI‑generated overviews, flagging reputational and regulatory risks that could affect ad quality and product trust. How Accurate Are Google's A.I. Overviews? (NYT)
• Negative Sentiment: Insider sale by Alphabet’s CAO was reported; size is modest but such filings can be viewed negatively in short term. Insider Selling: CAO Sells Stock (American Banking News)

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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