Premier Fund Managers Ltd Makes New $27.83 Million Investment in Alphabet Inc. $GOOGL

Key Points

• Premier Fund Managers purchased a new stake of 114,023 Alphabet shares in Q3 valued at about $27.83 million, signaling fresh institutional interest.
• Insiders have been net sellers recently — 2,112,493 shares were sold over the last quarter (≈$118.6M), including CEO Sundar Pichai’s 32,500‑share sale, leaving insiders with 11.64% ownership.
• Alphabet beat estimates (EPS $2.82 vs. $2.57; revenue $113.83B vs. $111.24B), announced a $0.21 quarterly dividend (0.3% yield), and has seen analyst price‑target upgrades (consensus ~$367.18), though legal and regulatory risks (Gemini lawsuit, Waymo probes) remain.

Premier Fund Managers Ltd bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 114,023 shares of the information services provider's stock, valued at approximately $27,826,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Gravity Companies Inc. bought a new stake in shares of Alphabet during the 2nd quarter valued at about $31,000. Pilgrim Partners Asia Pte Ltd bought a new position in Alphabet in the third quarter worth about $53,000. Corsicana & Co. acquired a new position in Alphabet in the third quarter valued at approximately $54,000. Vermillion & White Wealth Management Group LLC boosted 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 acquiring an additional 89 shares during the period. Finally, S&T Bank PA grew its holdings in shares of Alphabet by 40.2% during the second quarter. S&T Bank PA now owns 345 shares of the information services provider's stock valued at $61,000 after purchasing an additional 99 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 112 shares of the firm's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $302.99, for a total transaction of $33,934.88. Following the transaction, the director owned 18,418 shares of the company's stock, valued at approximately $5,580,469.82. This trade represents a 0.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $303.38, for a total transaction of $9,859,850.00. Following the sale, the chief executive officer owned 1,674,560 shares in the company, valued at $508,028,012.80. This trade represents a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 2,112,493 shares of company stock valued at $118,605,094. 11.64% of the stock is currently owned by insiders.

Alphabet Stock Down 0.7%

GOOGL opened at $298.80 on Friday. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $349.00. 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 cap of $3.61 trillion, a P/E ratio of 27.64, a P/E/G ratio of 1.75 and a beta of 1.10. The stock's 50 day moving average price is $319.93 and its 200 day moving average price is $286.26.

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 for the quarter, beating the consensus estimate of $2.57 by $0.25. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. As a group, research analysts predict that Alphabet Inc. will post 8.9 earnings per share 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 dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet's payout ratio is currently 7.77%.

Analyst Ratings Changes

GOOGL has been the topic of a number of research reports. Bank of America increased their price target on Alphabet from $335.00 to $370.00 and gave the stock a "buy" rating in a research report on Tuesday, January 13th. Arete Research upped their price objective on Alphabet from $380.00 to $405.00 and gave the stock a "buy" rating in a research note on Wednesday, February 11th. DA Davidson increased their target price on Alphabet from $300.00 to $310.00 and gave the stock a "neutral" rating in a research report on Thursday, February 5th. Guggenheim reiterated a "buy" rating and issued a $375.00 target price (up from $330.00) on shares of Alphabet in a research note on Monday, December 1st. Finally, Piper Sandler reissued an "overweight" rating and set a $395.00 price target (up from $365.00) on shares of Alphabet in a report on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $367.18.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Large cloud commercial win — CVS will deploy an AI‑enabled health platform on Google Cloud, validating enterprise demand for recurring cloud/AI revenue and supporting the Google Cloud/Gemini growth story. CVS taps Google Cloud
• Positive Sentiment: AI partnership continuity — Google said Anthropic will remain available for non‑defense projects after DoD actions, limiting disruption to Alphabet’s access to Anthropic models and enterprise AI offerings. Google says Anthropic remains available
• Positive Sentiment: Analyst and institutional support — Robert W. Baird lifted its price target to $380 and other firms have boosted targets/ratings recently, reinforcing buy narratives and upside vs. the current price. Baird raises price target
• Neutral Sentiment: Small insider sales — filings show modest sales by a director and the CAO; routine disclosures that markets note but are not large enough to signal strategic conviction changes. SEC filing — insider sales
• Neutral Sentiment: Market commentary on recent pullback — coverage (e.g., Zacks) highlights the stock’s slide since earnings and asks whether it can rebound, offering investor viewpoints but no new company fundamentals. Zacks — can it rebound?
• Negative Sentiment: Legal/PR overhang: a wrongful‑death lawsuit alleges harmful guidance from the Gemini chatbot, raising potential liability, regulatory scrutiny and reputational risk for Alphabet’s core AI investment thesis. Gemini wrongful‑death lawsuit
• Negative Sentiment: Autonomous‑vehicle scrutiny — the NHTSA/NHTSA‑led safety forum and ongoing probes into Waymo incidents increase regulatory risk and operational uncertainty for the self‑driving unit. NHTSA self‑driving safety forum
• Negative Sentiment: App store revenue pressure — a settlement with Epic lowered Play Store commission rates (to ~20% + up to 5%), which could modestly reduce Play‑ecosystem take rates and near‑term revenue. Play Store commission cut
• Negative Sentiment: Macro/geopolitical pressure — recent tensions and tech pullbacks in affected markets (e.g., Dubai exposure) are weighing on large‑cap tech multiples, contributing to negative sentiment around GOOGL. Tech offices respond to U.S.-Iran tensions

Alphabet Company 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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