Mattern Capital Management LLC Has $2.12 Million Holdings in Alphabet Inc. $GOOG

Key Points

• Mattern Capital Management cut its stake in Alphabet by 41.5% in Q4, selling 4,778 shares and now holding 6,742 shares valued at about $2.12 million.
• Alphabet posted a strong Q1 beat (EPS $5.11 vs. $2.68 est., revenue $109.9B, +21.8% YoY) and faces major bullish catalysts including a reported Anthropic commitment of roughly $200 billion to Google Cloud and rising analyst price targets.
• Company insiders sold a total of 158,553 shares worth about $47.95 million over the past three months, with insiders currently owning roughly 12.99% of the stock.

Mattern Capital Management LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 41.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,742 shares of the information services provider's stock after selling 4,778 shares during the quarter. Mattern Capital Management LLC's holdings in Alphabet were worth $2,116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Tradewinds LLC. boosted its stake in Alphabet by 2,134.8% during the 3rd quarter. Tradewinds LLC. now owns 45,098 shares of the information services provider's stock valued at $10,984,000 after purchasing an additional 43,080 shares during the last quarter. Kathmere Capital Management LLC raised its stake in shares of Alphabet by 8.5% in the fourth quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider's stock worth $9,381,000 after purchasing an additional 2,341 shares during the last quarter. Atlantic Union Bankshares Corp lifted its holdings in shares of Alphabet by 31.3% in the third quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider's stock valued at $86,345,000 after purchasing an additional 84,553 shares in the last quarter. Baltimore Washington Financial Advisors Inc. lifted its holdings in shares of Alphabet by 0.9% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider's stock valued at $53,920,000 after purchasing an additional 2,009 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its position in shares of Alphabet by 2.2% during the third quarter. CWA Asset Management Group LLC now owns 157,143 shares of the information services provider's stock valued at $38,272,000 after buying an additional 3,444 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 955 shares of the company's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total transaction of $348,232.50. Following the completion of the sale, the director directly owned 3,581 shares in the company, valued at approximately $1,187,638.65. This trade represents a 22.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 158,553 shares of company stock valued at $47,951,856 in the last three months. 12.99% of the stock is currently owned by company insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Reported huge Anthropic commitment to Google Cloud — The Information/Reuters reported Anthropic has agreed to spend roughly $200 billion with Google Cloud over multiple years, a deal that would materially boost cloud bookings and long‑term revenue visibility. Anthropic commits $200B to Google Cloud (Reuters)
• Positive Sentiment: Analysts turning more bullish and lifting price targets — Multiple firms have raised targets (including a street‑high $515 note), citing AI upside, custom models and accelerating cloud monetization, supporting higher valuation multiples. Analyst $515 target (TipRanks)
• Positive Sentiment: Record highs and strong Q1 fundamentals — Investors are pricing in Q1 beats (EPS and revenue), 60%+ cloud growth and a ballooning cloud backlog that underpins multi‑year revenue conversion. That momentum is driving buying interest. Alphabet hits record highs (Yahoo)
• Positive Sentiment: Product / infrastructure moves could expand addressable market — Google moving to sell TPUs directly and scale AI compute options could accelerate revenue capture and challenge competitors in AI infrastructure. Google to sell TPUs directly (247WallSt)
• Neutral Sentiment: U.S. government access and stress‑testing of AI models — The administration expanded programs to let government scientists and agencies review unreleased models (including DeepMind) to assess risks; this is a mix of oversight and validation. US stress tests of AI models (Reuters)
• Neutral Sentiment: Capital markets: large euro bond sale with strong demand — Alphabet tapped the euro market with a multi‑tranche offering to fund AI infrastructure; strong order books reduce financing risk but also highlight heavy near‑term CapEx plans. Euro bond offering (Reuters)
• Negative Sentiment: Employee unrest and DoD/defense work — DeepMind staff have pushed for union recognition and protested military contracts; classified DoD engagements raise reputational and retention risks that could affect operations. DeepMind union vote over military deals (Business Insider)
• Negative Sentiment: Regulatory/privacy push in EU — A top Google scientist warned that EU proposals to share search data with rivals could expose user data, signaling potential regulatory headwinds and business model risk if rules tighten. EU data sharing concerns (Reuters)

Alphabet Trading Up 1.2%

NASDAQ GOOG opened at $384.34 on Wednesday. The business's fifty day moving average is $313.83 and its 200-day moving average is $309.58. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market capitalization of $4.65 trillion, a price-to-earnings ratio of 29.32, a PEG ratio of 1.62 and a beta of 1.25. Alphabet Inc. has a one year low of $149.49 and a one year high of $388.96.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.68 by $2.43. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.81 earnings per share. Equities research analysts predict that Alphabet Inc. will post 13.72 EPS for the current year.

Alphabet Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GOOG. Royal Bank Of Canada restated an "outperform" rating and set a $375.00 price objective on shares of Alphabet in a research note on Thursday, January 15th. Raymond James Financial reiterated a "strong-buy" rating and issued a $425.00 target price on shares of Alphabet in a report on Thursday, April 30th. JPMorgan Chase & Co. raised their price target on shares of Alphabet from $395.00 to $460.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Cantor Fitzgerald restated a "neutral" rating on shares of Alphabet in a report on Tuesday, January 20th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $348.00 price objective (up from $345.00) on shares of Alphabet in a research report on Thursday, February 12th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Alphabet currently has a consensus rating of "Buy" and an average target price of $362.73.

Alphabet Profile

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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