New Capital Management LP Increases Position in Alphabet Inc. $GOOG

Key Points

• New Capital Management LP increased its stake in Alphabet by 526.4% in Q4 to 17,018 shares (about $5.34M), representing roughly 1.3% of its portfolio and the firm’s 12th largest holding.
• Notable insider selling occurred recently: Director John L. Hennessy sold 1,050 shares and CEO Sundar Pichai sold 32,500 shares, with insiders offloading ~2,069,344 shares (~$104.7M) in the last quarter; insiders now own about 12.99% of the stock.
• Market catalysts are mixed: positives include YouTube subscription price increases, an expanded Google‑Intel AI infrastructure partnership and bullish analyst upgrades, while negatives include rising short interest and regulatory/legal risks (e.g., Indonesia reprimand and potential California restrictions on Waymo) that could weigh on shares.

New Capital Management LP grew its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 526.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,018 shares of the information services provider's stock after acquiring an additional 14,301 shares during the quarter. Alphabet comprises about 1.3% of New Capital Management LP's portfolio, making the stock its 12th biggest position. New Capital Management LP's holdings in Alphabet were worth $5,340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in shares of Alphabet by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider's stock valued at $24,240,469,000 after acquiring an additional 7,904,434 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Alphabet by 5.8% in the 3rd quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider's stock valued at $9,749,864,000 after acquiring an additional 2,209,203 shares during the period. Legal & General Group Plc boosted its position in shares of Alphabet by 0.7% in the 3rd quarter. Legal & General Group Plc now owns 32,583,332 shares of the information services provider's stock worth $7,935,671,000 after purchasing an additional 223,743 shares in the last quarter. Capital World Investors boosted its position in shares of Alphabet by 1.9% in the 3rd quarter. Capital World Investors now owns 28,625,464 shares of the information services provider's stock worth $6,971,769,000 after purchasing an additional 539,679 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Alphabet by 3.6% in the 3rd quarter. Invesco Ltd. now owns 21,531,348 shares of the information services provider's stock worth $5,243,960,000 after purchasing an additional 756,602 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: YouTube is raising U.S. subscription prices while the subscriber base tops ~125M, supporting higher ARPU and recurring revenue for Alphabet. Article Title
• Positive Sentiment: Google and Intel expanded a multi-year AI infrastructure partnership, reducing execution risk for Google Cloud’s AI capacity buildout and lowering costs for large model workloads. Article Title
• Positive Sentiment: Top analysts and boutiques reinstated bullish views and flagged upside (one analyst sees 30%+ upside), reinforcing momentum narratives around Cloud and AI monetization. Article Title
• Positive Sentiment: Longer-term optionality — fractional exposure to a potential SpaceX IPO value and sustained Google Cloud growth — remains a tailwind for longer-horizon investors. Article Title
• Neutral Sentiment: Alphabet’s board approved new long-term equity awards to executives — standard for tech firms but could be viewed as modest dilution; monitor details when full filings are available. Article Title
• Neutral Sentiment: ETF news (Roundhill GOOGL WeeklyPay distribution) and various market write-ups keep Alphabet in focus but are unlikely to move the stock materially on their own. Article Title
• Negative Sentiment: Short interest jumped in March to ~44.0M shares (+26.8% vs. mid‑March), representing roughly 0.4% of float and a short‑interest ratio near 1.9 days — rising short activity can amplify downside on negative headlines. (Market data)
• Negative Sentiment: Regulatory/legal friction: Indonesia issued a reprimand over YouTube compliance and a California bill would add costs/constraints for Waymo’s robotaxi operations — both increase near‑term policy risk for ad and autonomous-vehicle initiatives. Article Title Article Title
• Negative Sentiment: Some institutional trimming (reported stake reductions) and notes flagging stretched valuation/multiple compression risk could pressure the shares despite solid fundamentals. Article Title Article Title

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the sale, the director owned 4,631 shares of the company's stock, valued at approximately $1,405,091.71. The trade was a 18.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total value of $10,006,425.00. Following the sale, the chief executive officer directly owned 1,642,060 shares of the company's stock, valued at approximately $505,573,853.40. This represents a 1.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,069,344 shares of company stock worth $104,708,426 in the last quarter. 12.99% of the stock is owned by insiders.

Alphabet Stock Performance

Shares of GOOG opened at $315.73 on Friday. The stock has a 50-day moving average of $306.32 and a two-hundred day moving average of $298.59. Alphabet Inc. has a one year low of $148.40 and a one year high of $350.15. 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 stock has a market cap of $3.82 trillion, a P/E ratio of 29.21, a P/E/G ratio of 1.96 and a beta of 1.13.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.23. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The company had revenue of $113.83 billion during the quarter, compared to analysts' expectations of $111.24 billion. During the same quarter in the previous year, the firm posted $2.15 EPS. The firm's revenue was up 18.0% compared to the same quarter last year. As a group, research analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GOOG shares. JPMorgan Chase & Co. raised their price objective on Alphabet from $385.00 to $395.00 and gave the stock an "overweight" rating in a research report on Thursday, February 5th. Needham & Company LLC set a $400.00 price objective on Alphabet and gave the stock a "buy" rating in a research report on Friday, March 13th. Piper Sandler reissued an "overweight" rating and issued a $395.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Scotiabank reissued an "outperform" rating and issued a $400.00 price objective (up from $375.00) on shares of Alphabet in a research report on Thursday, February 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $370.00 price objective on shares of Alphabet in a research report on Tuesday, January 20th. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $345.71.

Alphabet Company 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.

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG - Free Report).

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.