Parcion Private Wealth LLC Has $30.07 Million Stake in Alphabet Inc. $GOOGL

Key Points

• Parcion Private Wealth LLC trimmed its position in Alphabet by 1.6% to 96,077 shares worth $30.07 million, making GOOGL about 1.3% of the firm's holdings and its 16th-largest position.
• Alphabet delivered a blowout Q1—EPS $5.11 vs. $2.64 consensus and $109.9B revenue—driven by roughly 63% YoY Google Cloud growth and AI monetization, triggering multiple analyst price‑target increases and a "Moderate Buy" consensus.
• Insiders sold a total of 191,884 shares (~$59.1M) in the last quarter (insiders own 11.64%), while the company modestly raised its quarterly dividend to $0.22 ($0.88 annualized, ~0.2% yield).

Parcion Private Wealth LLC cut its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,077 shares of the information services provider's stock after selling 1,546 shares during the quarter. Alphabet comprises about 1.3% of Parcion Private Wealth LLC's holdings, making the stock its 16th largest position. Parcion Private Wealth LLC's holdings in Alphabet were worth $30,072,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. CIBC Bancorp USA Inc. purchased a new position in Alphabet in the third quarter valued at about $416,217,000. Sovran Advisors LLC grew its position in shares of Alphabet by 23.6% in the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider's stock worth $5,401,000 after buying an additional 4,241 shares during the last quarter. Griffin Asset Management Inc. grew its position in shares of Alphabet by 13.9% in the 3rd quarter. Griffin Asset Management Inc. now owns 58,731 shares of the information services provider's stock worth $14,277,000 after buying an additional 7,180 shares during the last quarter. Wright Investors Service Inc. raised its stake in shares of Alphabet by 21.2% during the 3rd quarter. Wright Investors Service Inc. now owns 50,064 shares of the information services provider's stock worth $12,171,000 after acquiring an additional 8,746 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in Alphabet by 3.8% during the third quarter. CIBC Asset Management Inc now owns 1,666,577 shares of the information services provider's stock valued at $405,131,000 after acquiring an additional 60,831 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O'toole sold 617 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total value of $348,232.50. Following the transaction, the director directly owned 3,581 shares of the company's stock, valued at $1,187,638.65. The trade was a 22.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 191,884 shares of company stock worth $59,121,365 in the last quarter. 11.64% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on GOOGL. Tigress Financial set a $415.00 target price on shares of Alphabet and gave the company a "strong-buy" rating in a research note on Thursday, February 19th. Morgan Stanley increased their price objective on Alphabet from $330.00 to $375.00 and gave the company an "overweight" rating in a report on Thursday. Susquehanna reissued a "positive" rating and issued a $460.00 price objective (up from $400.00) on shares of Alphabet in a research report on Thursday. Canaccord Genuity Group boosted their target price on Alphabet from $415.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Rothschild & Co Redburn upped their target price on Alphabet from $390.00 to $430.00 and gave the company a "buy" rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $390.65.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Blowout Q1 — EPS and revenue materially beat expectations, with Google Cloud reporting very strong growth that convinced investors the company’s AI investments are driving near‑term monetization. GOOGL Q1 Earnings Beat (Zacks)
• Positive Sentiment: Cloud / AI momentum — Google Cloud grew ~63% y/y, AI product revenues surged and management cited a multi‑hundred‑billion backlog, supporting upside to future revenue and margins. Cloud Growth & Backlog (Zacks)
• Positive Sentiment: Analyst upgrades — A wave of price‑target increases and buy/overweight reiterations (Goldman, JPMorgan, Canaccord, Citi, etc.) followed the quarter, adding institutional endorsement and likely supporting further buying. Price Target Raises (MarketScreener)
• Positive Sentiment: Shareholder return signal — Alphabet announced a modestly higher quarterly dividend (up from $0.21 to $0.22), marking a small but visible move toward returning cash to investors.
• Neutral Sentiment: Product/monetization rollouts — Gemini is being integrated into millions of cars (upgrade from Assistant), and Waymo continues geographic expansion and commercial rides — both expand long‑term monetization pathways but have longer ROI timelines. Gemini in Cars (TechCrunch) Waymo Growth (Business Insider)
• Neutral Sentiment: Unusual options activity — Heavy call buying today suggests bullish positioning or hedged directional bets; this amplifies intraday volatility but not fundamentals.
• Negative Sentiment: CapEx concerns — Multiple write‑ups flagged rapid, ongoing AI/data‑center spend; some investors worry heavy capex could pressure near‑term margins despite revenue gains. CapEx Concerns (Seeking Alpha)
• Negative Sentiment: Regulatory and governance risks — European scrutiny (Italy) and shareholder pushes for cloud/AI safeguards create political/regulatory overhang that could affect product deployments or compliance costs. Italy Asks EU Probe (Reuters)

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $384.80 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a market capitalization of $4.65 trillion, a price-to-earnings ratio of 29.35, a PEG ratio of 2.17 and a beta of 1.12. The firm's 50 day simple moving average is $313.72 and its 200-day simple moving average is $307.81. Alphabet Inc. has a 12 month low of $147.84 and a 12 month high of $385.84.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. Alphabet had a return on equity of 41.25% and a net margin of 37.92%.The company had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. Analysts expect that Alphabet Inc. will post 11.54 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is presently 7.77%.

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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