Nexus Investment Management ULC Sells 7,545 Shares of Alphabet Inc. $GOOG

Key Points

• Nexus Investment Management ULC trimmed its Alphabet stake by 3.5%, selling 7,545 shares and now holds 207,020 shares worth about $64.96 million, making GOOG its largest holding (8.9% of assets).
• Wall Street sentiment is broadly positive with a consensus "Buy" rating, an average price target of $345.71, and several firms raising targets into the $375–$400 range.
• Insider and institutional activity is notable: insiders sold roughly 2.07 million shares (~$104.5 million) last quarter (insider ownership ~12.99%), while institutional investors own about 27.26% of Alphabet.

Nexus Investment Management ULC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 207,020 shares of the information services provider's stock after selling 7,545 shares during the period. Alphabet accounts for 8.9% of Nexus Investment Management ULC's holdings, making the stock its biggest holding. Nexus Investment Management ULC's holdings in Alphabet were worth $64,963,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its stake in Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock worth $22,901,000 after buying an additional 6,410 shares during the last quarter. Worldquant Millennium Advisors LLC raised its stake in Alphabet by 76.2% during the second quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider's stock worth $330,886,000 after buying an additional 806,681 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Alphabet during the second quarter worth $658,000. Financial Advisors Network Inc. raised its stake in Alphabet by 7.7% during the second quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider's stock worth $1,409,000 after buying an additional 565 shares during the last quarter. Finally, Ausdal Financial Partners Inc. raised its stake in Alphabet by 10.7% during the second quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider's stock worth $6,618,000 after buying an additional 3,616 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Alphabet from $385.00 to $395.00 and gave the stock an "overweight" rating in a research note on Thursday, February 5th. Piper Sandler reissued an "overweight" rating and set a $395.00 target price on shares of Alphabet in a research note on Thursday, February 5th. DZ Bank raised shares of Alphabet to a "strong-buy" rating in a research note on Monday, February 16th. Scotiabank reissued an "outperform" rating and set a $400.00 target price (up from $375.00) on shares of Alphabet in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $375.00 target price on shares of Alphabet in a research note on Thursday, January 15th. Nine analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $345.71.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Long-term Broadcom TPU deal reduces execution risk on Google’s AI hardware plans and reassures investors about supply for future TPU generations; UBS said the agreement eases a core investor concern. Broadcom deal with Google signals stronger AI demand but long-term risks remain: UBS
• Positive Sentiment: Alphabet’s expanding AI infrastructure strategy (TPUs + Anthropic collaboration) positions it as a potential AI-infrastructure vendor and differentiator versus GPU incumbents, a catalyst for multiple revenue streams beyond search. Catalyst Alert: Anthropic Deal Makes Alphabet Stock a Must-Buy
• Positive Sentiment: Product-side momentum: Google rolled out an AI-powered Google Finance globally, demonstrating faster product monetization of AI features that can strengthen ad and services engagement. Alphabet: AI-Powered Google Finance Is A Masterstroke
• Positive Sentiment: Institutional buying: prominent investor Stanley Druckenmiller meaningfully increased his Alphabet position, signaling conviction from big-money managers. That can support short-term price strength. Stanley Druckenmiller Made 1 Huge Bet That Still Looks Attractive Today and Cut 2 Top Positions
• Neutral Sentiment: Analyst views mixed: Zacks upgraded Alphabet to a buy (Zacks Rank #2) reflecting improved earnings optimism, while some sell-side firms maintain cautious/hold views — keeps sentiment balanced. What Makes Alphabet (GOOGL) a New Buy Stock
• Neutral Sentiment: Corporate social/skills investments: Google is funding AI training programs for manufacturing workers — positive for public policy and workforce adoption, but limited immediate revenue impact. Google partners on AI training for thousands of American manufacturing workers
• Negative Sentiment: Ad market threat: Multiple reports (eMarketer/WSJ/Reuters) project Meta to surpass Google in net digital-ad revenue in 2026, creating investor concern about Google’s ad-growth leadership and margin trajectory. Meta poised to surpass Google in digital ad revenue for first time, report says
• Negative Sentiment: Waymo’s commercial launches may pressure near-term margins and require more investment before material revenue follows; analysts flag a short-term negative catalyst despite long-term upside. As Waymo Launches in Nashville, Should You Buy, Sell, or Hold GOOGL Stock?

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O'toole sold 617 shares of Alphabet stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the transaction, the chief accounting officer directly owned 10,093 shares in the company, valued at $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Kent Walker sold 8,993 shares of Alphabet stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the transaction, the insider owned 51,808 shares of the company's stock, valued at $14,293,309.12. This represents a 14.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,068,744 shares of company stock valued at $104,505,914. 12.99% of the stock is owned by insiders.

Alphabet Trading Up 1.1%

GOOG opened at $319.21 on Tuesday. Alphabet Inc. has a 1-year low of $148.40 and a 1-year high of $350.15. 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 company has a market cap of $3.86 trillion, a P/E ratio of 29.53, a price-to-earnings-growth ratio of 1.95 and a beta of 1.13. The company has a fifty day moving average price of $305.81 and a two-hundred day moving average price of $299.79.

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

Alphabet Dividend Announcement

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

About Alphabet

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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