New Millennium Group LLC Buys 10,857 Shares of Alphabet Inc. $GOOGL

Key Points

• New Millennium Group LLC increased its stake in Alphabet by 27.1%, buying 10,857 shares to hold 50,942 shares worth about $12.38 million, making GOOGL its 4th largest position (5.7% of the fund).
• Alphabet posted an earnings beat—EPS $2.82 vs. $2.57 expected and revenue $113.83B vs. $111.24B—and analysts have raised price targets (average target ~$366.57) with a majority rating the stock a Buy.
• Catalysts and risks include a large Google Cloud win with CVS for an AI health platform, offset by near-term headwinds such as a Play Store commission cut, a wrongful‑death suit tied to Gemini, Waymo safety/regulatory scrutiny, and broader macro/geopolitical pressure on tech multiples.

New Millennium Group LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 27.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,942 shares of the information services provider's stock after buying an additional 10,857 shares during the period. Alphabet accounts for 5.7% of New Millennium Group LLC's investment portfolio, making the stock its 4th largest holding. New Millennium Group LLC's holdings in Alphabet were worth $12,384,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Gravity Companies Inc. acquired a new stake in shares of Alphabet during the second quarter worth about $31,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Alphabet during the 3rd quarter worth approximately $53,000. Corsicana & Co. acquired a new position in Alphabet during the third quarter worth approximately $54,000. Sellwood Investment Partners LLC purchased a new stake in Alphabet in the third quarter valued at approximately $63,000. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in Alphabet by 37.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider's stock valued at $57,000 after buying an additional 89 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of GOOGL stock opened at $300.88 on Friday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $320.22 and a 200-day simple moving average of $285.01. The company has a market cap of $3.64 trillion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10. 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 data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.57 by $0.25. The firm had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. On average, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be paid a $0.21 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is 7.77%.

Analyst Ratings Changes

A number of brokerages have recently commented on GOOGL. Bank of America lifted their target price on shares of Alphabet from $335.00 to $370.00 and gave the company a "buy" rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. reissued a "buy" rating on shares of Alphabet in a research report on Monday, February 9th. Arete Research lifted their price objective on shares of Alphabet from $380.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, February 11th. Mizuho upped their target price on shares of Alphabet from $400.00 to $410.00 and gave the company an "outperform" rating in a report on Thursday, February 5th. Finally, Loop Capital raised their price target on Alphabet from $320.00 to $355.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $366.57.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 600 shares of the company's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $306.73, for a total transaction of $184,038.00. Following the transaction, the director directly owned 20,624 shares in the company, valued at approximately $6,325,999.52. This represents a 2.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 955 shares of the 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 completion of the transaction, the chief accounting officer directly owned 9,918 shares of the company's stock, valued at approximately $2,955,564. This trade represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,079,993 shares of company stock valued at $108,745,244 in the last quarter. Insiders own 11.64% of the company's stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Large commercial win for Google Cloud — CVS will use Google Cloud to launch an AI‑enabled health platform, a meaningful enterprise contract that validates recurring cloud/AI revenue potential. CVS taps Google Cloud
• Positive Sentiment: Bullish industry/analyst tone on AI adoption — reports projecting large AI spending and recent analyst price‑target increases support a higher long‑term revenue multiple for Google Cloud and Gemini. Gartner Says AI Spending Will Hit $2.5 Trillion
• Positive Sentiment: Institutional backing spotlighted — coverage noting Berkshire Hathaway’s profitable position in Alphabet reinforces confidence from large investors. That can underpin demand for shares. Berkshire Is Sitting On Google Gains
• Neutral Sentiment: Routine insider selling disclosed — small sales by a director and the CAO (hundreds of shares) are noted by the market but are modest relative to their holdings and not uncommon. Frances Arnold Sells 112 Shares
• Neutral Sentiment: Short‑interest reporting appears anomalous (zero/NaN in recent feeds) — no clear short squeeze or covering signal from the data provided. Short interest report (data flagged)
• Negative Sentiment: Play Store settlement cuts commissions — Google will lower Play Store commissions to 20% (plus up to 5% for Google billing), which may reduce Play/Android monetization and is a near‑term revenue headwind. Google settles with Epic Games
• Negative Sentiment: AI safety/legal overhang — a wrongful‑death suit alleges harmful instructions from the Gemini chatbot, creating reputational, regulatory and litigation risk for Alphabet’s AI business. Gemini wrongful-death suit
• Negative Sentiment: Waymo safety and regulatory scrutiny — recent incidents and NTSB probes raise execution and regulatory risk for Alphabet’s autonomous‑driving unit, which could pressure investor sentiment on non‑core bets. Waymo Faces Mounting Scrutiny
• Negative Sentiment: Macro/geopolitical tech pullback — regional tensions and related operational impacts (e.g., Dubai) are compressing tech multiples and weighing on large‑cap names like Alphabet. Rising Tensions Force Tech Pullback

Alphabet Profile

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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