Hoffman Alan N Investment Management Has $12.18 Million Holdings in Alphabet Inc. $GOOGL

Key Points

• Hoffman Alan N Investment Management cut its stake in Alphabet by 39%, selling 24,920 shares and retaining 38,924 shares worth $12.18 million, making GOOGL its fourth-largest holding (~6.9% of the portfolio).
• Alphabet topped estimates with quarterly EPS of $2.82 (vs. $2.57 expected) and revenue of $113.83 billion, and recently declared a quarterly dividend of $0.21 per share (annualized $0.84, ~0.3% yield).
• Insiders have been net sellers—CEO Sundar Pichai sold ~32,500 shares (~$10M) this quarter and insiders sold ~2.11M shares overall (~$118M)—even as analysts lifted targets, leaving a consensus “Moderate Buy” with an average target of about $367.18.

Hoffman Alan N Investment Management reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 39.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,924 shares of the information services provider's stock after selling 24,920 shares during the period. Alphabet comprises about 6.9% of Hoffman Alan N Investment Management's investment portfolio, making the stock its 4th biggest position. Hoffman Alan N Investment Management's holdings in Alphabet were worth $12,183,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GOOGL. Delta Asset Management LLC TN boosted its holdings in Alphabet by 0.6% during the third quarter. Delta Asset Management LLC TN now owns 6,153 shares of the information services provider's stock valued at $1,496,000 after purchasing an additional 37 shares in the last quarter. Second Line Capital LLC grew its stake in shares of Alphabet by 0.8% in the 3rd quarter. Second Line Capital LLC now owns 4,417 shares of the information services provider's stock valued at $1,074,000 after purchasing an additional 37 shares during the period. Matisse Capital raised its holdings in shares of Alphabet by 0.3% in the 3rd quarter. Matisse Capital now owns 14,814 shares of the information services provider's stock worth $3,601,000 after buying an additional 38 shares in the last quarter. Rialto Wealth Management LLC raised its holdings in shares of Alphabet by 1.7% in the 3rd quarter. Rialto Wealth Management LLC now owns 2,226 shares of the information services provider's stock worth $541,000 after buying an additional 38 shares in the last quarter. Finally, Hodges Capital Management Inc. lifted its position in shares of Alphabet by 0.5% during the 3rd quarter. Hodges Capital Management Inc. now owns 6,963 shares of the information services provider's stock worth $1,693,000 after buying an additional 38 shares during the period. Institutional investors own 40.03% of the company's stock.

Alphabet Trading Down 2.0%

Shares of GOOGL opened at $301.00 on Friday. 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 cap of $3.64 trillion, a price-to-earnings ratio of 27.84, a PEG ratio of 1.76 and a beta of 1.10. The stock has a fifty day moving average price of $317.62 and a two-hundred day moving average price of $293.14. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $349.00.

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

Alphabet Announces Dividend

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

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: DeepMind hired Jasjeet Sekhon, Bridgewater’s chief scientist, as chief strategy officer — a high‑profile talent win that reinforces Alphabet’s DeepMind AI bench and long‑term product roadmap. Exclusive: Bridgewater's chief scientist Sekhon to join Google's DeepMind AI unit
• Positive Sentiment: High‑profile endorsement: Elon Musk tweeted that Google will “win the AI race in the West,” a bullish signal for market perception of Alphabet’s AI leadership. Elon Musk Says China Will Win The AI Race, But Here's Where SpaceX Will Win
• Positive Sentiment: Product momentum: Google’s new “Stitch” AI design features are pressuring rivals (e.g., Figma’s stock fell), underscoring expanding addressable market for Google’s AI tools. Figma's stock drops 11% in two days after Google releases 'vibe design' product
• Positive Sentiment: Market commentary highlights Alphabet’s operational strength (consecutive earnings beats, Cloud acceleration), supporting the bullish analyst consensus and relative outperformance among mega‑caps. 2 Tech Giants Holding Their Ground While the Market Slides
• Neutral Sentiment: Insider sales disclosed: CEO Sundar Pichai sold ~32,500 shares (~$10M) and Director John Hennessy sold a small stake — notable but small relative to total insider holdings; monitor if these continue. Insider filing: Sundar Pichai sale
• Neutral Sentiment: Short‑interest data in the feeds appears anomalous/zero and provides no clear signal (no days‑to‑cover build reported).
• Neutral Sentiment: Competitive takes: Analysts compare Snowflake and Alphabet on cloud analytics — SNOW’s momentum is notable but doesn’t negate Google Cloud’s growth trajectory. Snowflake vs Alphabet: Which Cloud Analytics Stock Has an Edge Now?
• Negative Sentiment: Investor concern about massive hyperscaler AI spending — analysts flag $410B+ capex across hyperscalers and question near‑term returns, a theme that can pressure tech multiples including GOOGL. Forget the War Headlines: This Is the Real Reason Tech Stocks Are Struggling
• Negative Sentiment: Valuation debate persists: coverage notes shifting investment story as AI deals and capex raise questions about near‑term upside despite solid fundamentals. How The Alphabet (GOOGL) Investment Story Is Shifting With AI Deals And Valuation Questions

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the completion of the transaction, the chief executive officer directly owned 1,642,060 shares of the company's stock, 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 legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frances Arnold sold 112 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $302.99, for a total transaction of $33,934.88. Following the transaction, the director 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 2,110,165 shares of company stock worth $118,134,117. 11.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GOOGL has been the topic of several recent analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $375.00 price target (up from $330.00) on shares of Alphabet in a research note on Tuesday, January 13th. Pivotal Research increased their price objective on Alphabet from $400.00 to $420.00 and gave the stock a "buy" rating in a research note on Thursday, February 5th. Arete Research lifted their price objective on Alphabet from $380.00 to $405.00 and gave the company a "buy" rating in a report on Wednesday, February 11th. BNP Paribas Exane initiated coverage on shares of Alphabet in a report on Monday, November 24th. They issued an "outperform" rating and a $355.00 target price on the stock. Finally, Wells Fargo & Company set a $354.00 target price on shares of Alphabet and gave the stock an "equal weight" rating in a report on Thursday, February 5th. Three 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $367.18.

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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