Modern Wealth Management LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 103.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,944 shares of the information services provider's stock after purchasing an additional 77,226 shares during the period. Modern Wealth Management LLC's holdings in Alphabet were worth $36,938,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Alphabet by 1.3% during 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 buying an additional 6,733,278 shares in the last quarter. State Street Corp raised its holdings 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 valued at $40,524,841,000 after acquiring an additional 4,008,374 shares during the period. Geode Capital Management LLC lifted its position in shares of Alphabet by 3.1% in the 2nd 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 acquiring an additional 4,224,497 shares in the last quarter. Norges Bank purchased a new stake in shares of Alphabet in the 2nd quarter valued at approximately $21,944,208,000. Finally, Invesco Ltd. boosted its stake in Alphabet by 1.2% in the 2nd quarter. Invesco Ltd. now owns 44,151,820 shares of the information services provider's stock worth $7,780,875,000 after purchasing an additional 503,306 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.
Alphabet Stock Down 1.7%
GOOGL stock opened at $303.55 on Friday. The firm has a market cap of $3.67 trillion, a PE ratio of 28.08, a PEG ratio of 1.81 and a beta of 1.10. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $349.00. The company has a fifty day simple moving average of $319.37 and a 200 day simple moving average of $288.58. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11.
Alphabet (NASDAQ:GOOGL - Get Free Report) last posted 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 net margin of 32.81% and a return on equity of 35.01%. The firm had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Sell-side analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.
Alphabet Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be paid 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 is Monday, March 9th. Alphabet's dividend payout ratio is 7.77%.
Key Alphabet News
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.
Analysts Set New Price Targets
Several analysts have issued reports on GOOGL shares. Citigroup boosted their target price on shares of Alphabet from $350.00 to $390.00 and gave the company a "buy" rating in a research note on Friday, February 6th. Wolfe Research lifted their price target on Alphabet from $380.00 to $390.00 and gave the company an "outperform" rating in a report on Friday, January 23rd. HSBC increased their price objective on Alphabet from $335.00 to $370.00 and gave the stock a "buy" rating in a research note on Tuesday, December 2nd. Barclays reiterated an "overweight" rating and issued a $360.00 target price (up from $315.00) on shares of Alphabet in a report on Thursday, February 5th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $370.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Three investment analysts have rated the stock with a Strong Buy rating, forty-three have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $367.18.
View Our Latest Report on GOOGL
Insider Buying and Selling
In related news, insider John Kent Walker sold 47,574 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the transaction, the insider directly owned 13,227 shares of the company's stock, valued at approximately $3,987,279.15. This trade represents a 78.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $321.21, for a total value of $10,439,325.00. Following the completion of the sale, the chief executive officer owned 2,244,372 shares of the company's stock, valued at approximately $720,914,730.12. This trade represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 2,112,493 shares of company stock worth $118,605,094. Insiders own 11.64% of the company's stock.
Alphabet Profile
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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.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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