Nuveen LLC Has $9.13 Billion Stock Position in Alphabet Inc. $GOOGL

Key Points

• Nuveen LLC boosted its Alphabet stake by 1.7% in the fourth quarter, ending with 29.17 million shares valued at about $9.13 billion. Alphabet is now Nuveen’s 7th-largest holding and makes up 2.4% of its portfolio.
• Wall Street remains broadly bullish on GOOGL, with 49 analysts tracked and an average rating of “Moderate Buy”. The consensus price target is $413.13, above the stock’s recent trading price of $357.77.
• Alphabet posted strong quarterly results, reporting EPS of $5.11 versus the $2.64 estimate and revenue of $109.9 billion, while also raising its quarterly dividend to $0.22 per share from $0.21.

Nuveen LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,166,806 shares of the information services provider's stock after acquiring an additional 478,848 shares during the quarter. Alphabet accounts for 2.4% of Nuveen LLC's holdings, making the stock its 7th biggest position. Nuveen LLC owned 0.24% of Alphabet worth $9,129,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of GOOGL. CIBC Bancorp USA Inc. bought a new stake in Alphabet during the 3rd quarter worth approximately $416,217,000. NewEdge Wealth LLC increased its stake in Alphabet by 11.8% during the 4th quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider's stock worth $277,696,000 after purchasing an additional 93,293 shares in the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new stake in Alphabet during the 4th quarter worth approximately $28,902,000. Private Advisory Group LLC increased its stake in Alphabet by 12.2% during the 4th quarter. Private Advisory Group LLC now owns 24,717 shares of the information services provider's stock worth $7,736,000 after purchasing an additional 2,678 shares in the last quarter. Finally, AE Wealth Management LLC increased its stake in Alphabet by 8.5% during the 3rd quarter. AE Wealth Management LLC now owns 924,927 shares of the information services provider's stock worth $224,850,000 after purchasing an additional 72,235 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GOOGL. Tigress Financial set a $415.00 target price on Alphabet and gave the stock a "strong-buy" rating in a research note on Thursday, February 19th. Dbs Bank increased their target price on Alphabet from $400.00 to $460.00 in a research note on Thursday, May 7th. Wolfe Research lowered their target price on Alphabet from $390.00 to $360.00 and set an "outperform" rating for the company in a research note on Friday, April 10th. Truist Financial set a $430.00 target price on Alphabet and gave the stock a "buy" rating in a research note on Friday, May 29th. Finally, Roth Mkm reissued a "buy" rating on shares of Alphabet in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $413.13.

Alphabet Price Performance

Shares of GOOGL opened at $357.77 on Friday. The stock has a market capitalization of $4.33 trillion, a P/E ratio of 27.29, a P/E/G ratio of 1.52 and a beta of 1.23. Alphabet Inc. has a twelve month low of $162.00 and a twelve month high of $408.61. The company has a 50 day moving average of $359.21 and a 200-day moving average of $330.05. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. As a group, equities research analysts forecast that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio (DPR) is 6.71%.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the completion of the transaction, the director directly owned 2,531 shares of the company's stock, valued at $995,341.06. This trade represents a 29.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 193,016 shares of company stock worth $17,282,549. 11.61% of the stock is currently owned by corporate insiders.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google is reportedly in talks with Samsung to manufacture part of its next-generation TPU chip, a sign it is deepening control over AI hardware supply and potentially improving long-term margins. Google in talks with Samsung to make next-generation chips, The Information reports
• Positive Sentiment: Waymo launched a $29.99 monthly premium subscription tier with perks like 10% cash back and free cancellations, showing Alphabet is working to turn autonomous driving into a recurring revenue business. Waymo launches a loyalty program with 10% cash back and free cancellations
• Positive Sentiment: Analysts at Erste Group Bank raised FY2026 and FY2027 earnings estimates for Alphabet, reinforcing confidence in the company’s profit outlook. Alphabet earnings estimate increases
• Positive Sentiment: Several articles highlighted Alphabet as a long-term growth and AI beneficiary, with bullish commentary around cloud, Gemini, and the broader “agentic AI” opportunity. Alphabet: Now Is The Time To Raise Equity, Agentic AI Is Here (Rating Upgrade)
• Neutral Sentiment: Google said it identified an active Oracle PeopleSoft hacking campaign tied to ShinyHunters, which underscores cybersecurity concerns in the enterprise software ecosystem but is not a direct hit to Alphabet’s core business. Google says ShinyHunters hackers targeting education sector via Oracle exploit
• Neutral Sentiment: Waymo also announced a national ad push and a broader effort to market its service, which may help growth but is too early to quantify. Waymo Readies First National Ads as Rivals and Critics Proliferate
• Negative Sentiment: A Google director resigned publicly over the company’s Pentagon-related AI work, adding reputational noise around governance and ethics. A Google director resigned over the company's military deals
• Negative Sentiment: Alphabet also faced legal and product-related overhangs this week, including a denied retrial in the youth social media addiction case and reports of Gemini/Workspace service issues, which could weigh on sentiment. Update: Market Chatter: Google, Meta Platforms Denied New Trial in Youth Social Media Addiction Case by California Judge

About Alphabet

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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