Marvin & Palmer Associates Inc. acquired a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,209 shares of the information services provider's stock, valued at approximately $5,399,000. Alphabet comprises 4.7% of Marvin & Palmer Associates Inc.'s portfolio, making the stock its 10th biggest holding.
Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Alphabet by 1.3% in the second quarter. Vanguard Group Inc. now owns 516,559,609 shares of the information services provider's stock valued at $91,033,300,000 after purchasing an additional 6,733,278 shares during the period. State Street Corp boosted its position in shares of Alphabet by 1.8% during the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock worth $40,524,841,000 after buying an additional 4,008,374 shares during the period. Geode Capital Management LLC grew its stake in shares of Alphabet by 3.1% in the second quarter. Geode Capital Management LLC now owns 141,615,284 shares of the information services provider's stock valued at $24,857,017,000 after buying an additional 4,224,497 shares in the last quarter. Norges Bank acquired a new stake in shares of Alphabet in the second quarter valued at $21,944,208,000. Finally, Invesco Ltd. raised its holdings in shares of Alphabet by 1.2% in the 2nd quarter. Invesco Ltd. now owns 44,151,820 shares of the information services provider's stock valued at $7,780,875,000 after buying an additional 503,306 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.
Alphabet News Roundup
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google closed its large acquisition of cybersecurity firm Wiz, bolstering Google Cloud's security capabilities and signaling continued investment in cloud/AI — a strategic positive for long‑term cloud revenue growth. Read More.
- Positive Sentiment: New commercial wins for Google Cloud underline enterprise demand for its AI stack — Canal+ struck a multi‑year deal to use Google Cloud generative AI for production and recommendations. Read More.
- Positive Sentiment: Analyst coverage and commentaries are constructive: MarketBeat highlights a technical entry point after a pullback and many analysts still rate GOOGL as a buy; Zacks cites earnings growth and price strength as reasons to watch the stock. These viewpoints help support demand from long‑term and institutional investors. Read More.
- Neutral Sentiment: Google is reorganizing GFiber into a new independent venture with outside partners (Stonepeak/Astound); Alphabet becomes a minority owner — this recycles capital and reduces direct operational exposure, which is strategically neutral to positive but may have limited near‑term earnings impact. Read More.
- Neutral Sentiment: Recent short‑interest data in these feeds show zero or NaN values and are not meaningful — no clear short‑squeeze or covering signal from these reports. (Data appears erroneous.)
- Negative Sentiment: Regulatory pressure in key markets is rising: UK regulators have issued warnings and deadlines to tech firms on child safety online, adding potential compliance costs and uncertainty for large platforms. Read More.
- Negative Sentiment: Some commentary flags that Google's AI leadership is being tested by competitors and market expectations — any signs of slowing AI monetization or execution stoke near‑term investor anxiety. Read More.
Insider Activity
In related news, 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 value of $33,934.88. Following the completion of the transaction, the director directly owned 18,418 shares of the company's stock, valued at $5,580,469.82. This represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 600 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $306.73, for a total transaction of $184,038.00. Following the completion of the transaction, the director owned 20,624 shares in the company, valued at $6,325,999.52. This represents a 2.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,112,493 shares of company stock valued at $118,605,094 over the last 90 days. Insiders own 11.64% of the company's stock.
Alphabet Stock Performance
NASDAQ:GOOGL opened at $303.55 on Friday. The firm has a market capitalization of $3.67 trillion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 1.81 and a beta of 1.10. The business's fifty day moving average price is $319.37 and its 200 day moving average price is $288.58. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $349.00.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.57 by $0.25. The company had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.
Alphabet Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. Alphabet's dividend payout ratio (DPR) is 7.77%.
Analyst Ratings Changes
Several research firms recently issued reports on GOOGL. Royal Bank Of Canada increased their target price on Alphabet from $375.00 to $400.00 and gave the stock an "outperform" rating in a research note on Thursday, February 5th. Raymond James Financial upgraded shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, January 22nd. Canaccord Genuity Group set a $415.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Wolfe Research raised their price objective on shares of Alphabet from $380.00 to $390.00 and gave the company an "outperform" rating in a research note on Friday, January 23rd. Finally, Piper Sandler restated an "overweight" rating and issued a $395.00 price objective (up from $365.00) on shares of Alphabet in a report on Thursday, February 5th. Three investment analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus price target of $367.18.
Check Out Our Latest Analysis on Alphabet
Alphabet Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).
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