London Co. of Virginia Sells 48,471 Shares of Alphabet Inc. $GOOG

Key Points

• London Co. of Virginia cut its stake in Alphabet by 5.1%, selling 48,471 shares in Q3 and now holds 905,075 shares worth about $220.43 million per its latest 13F filing.
• Strong fundamentals and strategic moves: Alphabet beat earnings and revenue estimates (Q: $2.82 EPS vs $2.59 est.; revenue $113.83B vs $111.24B), closed the Wiz cybersecurity acquisition, and analysts cite renewed momentum in Google Cloud and AI as multi‑year growth drivers.
• Regulatory risk in Europe: European publishers and tech firms are pressing the EU to fast‑track a large antitrust fine over alleged search self‑preferencing, posing a material threat to Alphabet’s core search business.

London Co. of Virginia lessened its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 905,075 shares of the information services provider's stock after selling 48,471 shares during the quarter. London Co. of Virginia's holdings in Alphabet were worth $220,431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GOOG. University of Illinois Foundation acquired a new position in shares of Alphabet during the 2nd quarter worth about $31,000. Imprint Wealth LLC bought a new stake in shares of Alphabet in the 3rd quarter valued at about $31,000. Manning & Napier Advisors LLC acquired a new stake in Alphabet in the 3rd quarter valued at about $32,000. Tripletail Wealth Management LLC bought a new position in Alphabet during the third quarter worth about $40,000. Finally, Retirement Wealth Solutions LLC grew its holdings in Alphabet by 145.0% during the third quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider's stock worth $48,000 after purchasing an additional 116 shares during the period. 27.26% of the stock is owned by institutional investors.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet closed its acquisition of cybersecurity company Wiz — a large, strategic deal that accelerates Google Cloud's enterprise security offering and supports higher-margin cloud growth expectations. Alphabet Inc. (GOOG) Announces Completion of its Acquisition of Wiz
• Positive Sentiment: Analyses and investor letters highlight renewed momentum in Google Cloud and AI positioning (new growth pillars), reinforcing the narrative that Cloud is a multi-year growth engine for Alphabet. Alphabet: Inside Google Cloud's New Growth Pillars
• Positive Sentiment: Alphabet’s recent fundamentals (strong revenue and an earnings beat in its latest quarter) remain a supportive backdrop for the stock, underpinning investor confidence in AI-driven monetization and cloud expansion.
• Neutral Sentiment: Alphabet and other big tech firms pledged to power next‑generation data centers at the White House — this supports long‑term infrastructure needs for AI/Cloud but is a gradual, multi‑year catalyst. Alphabet (GOOGL) and Other Tech Giants Pledge at White House to Power Next-Generation Data Centers
• Neutral Sentiment: Media coverage and analyst pieces (Zacks, InsiderMonkey, Seeking Alpha, Motley Fool pieces in the feed) keep the stock in investors' spotlight — that can amplify moves but is not a direct catalyst. Alphabet (GOOGL) Surpasses Market Returns: Some Facts Worth Knowing
• Neutral Sentiment: Reported short‑interest figures show zero shares in the feed — likely a data anomaly rather than a meaningful change in positioning. (Short‑interest metrics appear unreliable in this update.)
• Neutral Sentiment: Elon Musk’s comment that SpaceX will “far exceed” Google DeepMind in AI is a headline grabber but has limited immediate impact on Alphabet’s fundamentals; it is more noise in the competitive narrative. Elon Musk Says SpaceX Will 'Far Exceed' Google DeepMind In AI
• Negative Sentiment: European publishers and tech firms are urging EU regulators to speed up and impose a large antitrust fine over alleged self‑preferencing in Google Search; an adverse ruling or fine would be a material regulatory risk for Alphabet’s core search business in Europe. Exclusive: European publishers, tech firms urge EU to speed up fine on Google over search

Analyst Ratings Changes

Several analysts have issued reports on GOOG shares. Guggenheim restated a "buy" rating and issued a $375.00 price objective on shares of Alphabet in a research note on Monday, December 1st. Loop Capital upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 18th. Pivotal Research reissued a "buy" rating and set a $420.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, February 5th. BMO Capital Markets restated an "outperform" rating and issued a $400.00 price target on shares of Alphabet in a research note on Thursday, February 5th. Finally, UBS Group reaffirmed a "neutral" rating and set a $348.00 price target (up from $345.00) on shares of Alphabet in a report on Thursday, February 12th. Nine research 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 stock. According to data from MarketBeat, Alphabet currently has a consensus rating of "Buy" and a consensus price target of $345.71.

Alphabet Trading Up 1.0%

Shares of NASDAQ:GOOG opened at $304.42 on Tuesday. The business's 50 day simple moving average is $319.10 and its 200 day simple moving average is $291.55. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $350.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The company has a market capitalization of $3.68 trillion, a P/E ratio of 28.16, a P/E/G ratio of 1.76 and a beta of 1.10.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The information services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.23. The firm had revenue of $113.83 billion during the quarter, compared to analysts' expectations of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The company's quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.15 EPS. On average, research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O'toole sold 955 shares of the firm's 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 trade represents a 8.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $321.21, for a total transaction of $10,439,325.00. Following the completion of the transaction, the chief executive officer owned 2,244,372 shares of the company's stock, valued at $720,914,730.12. The trade was a 1.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 2,076,615 shares of company stock worth $107,809,111 in the last ninety days. 12.99% of the stock is owned by company insiders.

About Alphabet

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.

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