Polaris Investment Advisors LLC Buys Shares of 18,258 Alphabet Inc. $GOOGL

Key Points

• Polaris Investment Advisors bought a new stake of 18,258 shares of Alphabet (~$5.72 million), making the stock 4.1% of its portfolio and its 9th-largest holding.
• Insider selling was notable: CEO Sundar Pichai sold 32,500 shares (~$9.88 million) and insiders sold a total of 2,101,844 shares worth about $115.15 million last quarter, with insiders owning 11.64% of the company.
• The outlook includes a positive catalyst—a long-term Broadcom deal to build custom AI chips through 2031 that supports Google Cloud scaling—while analysts remain mostly bullish with an average target near $367 and Alphabet recently reported an earnings beat and a quarterly dividend.

Polaris Investment Advisors LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 18,258 shares of the information services provider's stock, valued at approximately $5,715,000. Alphabet makes up 4.1% of Polaris Investment Advisors LLC's investment portfolio, making the stock its 9th biggest holding.

A number of other large investors have also recently modified their holdings of the business. Presidio Capital Management LLC boosted its holdings in shares of Alphabet by 10.5% in the 4th quarter. Presidio Capital Management LLC now owns 2,695 shares of the information services provider's stock valued at $843,000 after purchasing an additional 255 shares in the last quarter. J. Safra Sarasin Holding AG boosted its holdings in shares of Alphabet by 6.6% during the 4th quarter. J. Safra Sarasin Holding AG now owns 810,256 shares of the information services provider's stock valued at $253,610,000 after acquiring an additional 49,909 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Alphabet by 2.3% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 1,944,443 shares of the information services provider's stock valued at $608,611,000 after acquiring an additional 43,283 shares in the last quarter. Wealth Quarterback LLC boosted its holdings in shares of Alphabet by 1.6% during the 4th quarter. Wealth Quarterback LLC now owns 9,322 shares of the information services provider's stock valued at $2,918,000 after acquiring an additional 148 shares in the last quarter. Finally, Crane Advisory LLC boosted its holdings in shares of Alphabet by 3.7% during the 4th quarter. Crane Advisory LLC now owns 4,885 shares of the information services provider's stock valued at $1,621,000 after acquiring an additional 173 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Long-term Broadcom deal to build and supply custom AI chips through 2031 secures a multi-year supply path for Google's next‑generation AI racks, lowering hardware risk for Google Cloud/AI scaling and supporting product rollout plans. Broadcom signs long-term deal to develop Google's custom AI chips
• Positive Sentiment: A Wall Street analyst reaffirmed a constructive outlook on Alphabet, helping investor sentiment despite unit‑level challenges (notably in autonomous driving), which supports near‑term buying interest. Wall Street analyst updates Google stock price target
• Positive Sentiment: Alphabet stands to realize a sizeable paper gain from its early SpaceX stake if the IPO proceeds at reported valuations, an upside that can underpin long‑term investor thesis. 2 Stocks About To Make a Killing on the SpaceX IPO
• Neutral Sentiment: Broadcom's expanded arrangement also includes providing computing capacity to Anthropic using Google's AI processors — this could generate cloud‑revenue or cost recovery opportunities but also helps a competing AI vendor scale. Broadcom agrees to expanded chip deals with Google, Anthropic
• Neutral Sentiment: Intel's push into advanced chip packaging and talks with cloud providers could reshape the supply chain and introduce new competition/partners for AI infrastructure; this is a sector development to monitor. Intel Targets Amazon, Google on AI Chip Packaging
• Neutral Sentiment: Analyst/opinion pieces highlighting Alphabet's ~27x P/E and earnings outlook provide supportive narrative for value‑oriented investors but are commentary rather than new fundamentals. Alphabet: Why Strong Money Likes It At 27x P/E
• Negative Sentiment: Wells Fargo trimmed its price target on Alphabet, signaling some analyst caution that can weigh on sentiment even if the new target remains above current levels. Wells Fargo & Company Cuts Alphabet Price Target
• Negative Sentiment: Insider selling by Alphabet's CAO was reported, a small but negative signal investors watch for timing and magnitude. Insider Selling: Alphabet CAO Sells Stock
• Negative Sentiment: Shareholder pressure and community opposition over water and power use have already led to abandoned data‑center projects; environmental and permitting risks could raise costs or delay capacity expansion. Investors press Amazon, Microsoft and Google on water, power use

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total value of $9,877,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,818,524 shares of the company's stock, valued at approximately $856,605,814.08. This trade represents a 1.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $318,580.50. Following the completion of the transaction, the director directly owned 4,631 shares of the company's stock, valued at approximately $1,405,091.71. This trade represents a 18.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 2,101,844 shares of company stock valued at $115,147,751. Insiders own 11.64% of the company's stock.

Alphabet Stock Up 1.4%

Shares of NASDAQ:GOOGL opened at $299.99 on Tuesday. The firm has a market cap of $3.63 trillion, a P/E ratio of 27.75, a P/E/G ratio of 1.81 and a beta of 1.12. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $349.00. The business has a fifty day simple moving average of $308.62 and a 200 day simple moving average of $297.26.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.25. The business had revenue of $113.83 billion during 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%. Analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were given a $0.21 dividend. The ex-dividend date of this dividend was 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

Several equities research analysts recently weighed in on GOOGL shares. Piper Sandler reissued an "overweight" rating and set a $395.00 price objective (up from $365.00) on shares of Alphabet in a report on Thursday, February 5th. DA Davidson raised their price objective on Alphabet from $300.00 to $310.00 and gave the company a "neutral" rating in a report on Thursday, February 5th. Citigroup raised their price objective on Alphabet from $350.00 to $390.00 and gave the company a "buy" rating in a report on Friday, February 6th. Raymond James Financial raised Alphabet from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, January 22nd. Finally, New Street Research raised their price objective on Alphabet from $330.00 to $380.00 and gave the company a "buy" rating in a report on Tuesday, February 10th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $367.33.

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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