ProCore Advisors LLC Makes New Investment in Alphabet Inc. $GOOG

Key Points

• ProCore Advisors LLC opened a new position in Alphabet (NASDAQ:GOOG) in Q4, buying 3,850 shares valued at about $1.21 million, which represents 1.2% of ProCore’s portfolio and its 17th-largest holding.
• Insider selling has been significant: CEO Sundar Pichai sold 32,500 shares (~$10.0M) on March 18, and insiders have sold 2,068,744 shares worth about $104.5M over the past 90 days, leaving insiders with roughly 12.99% ownership.
• Analyst sentiment is largely positive with several upgrades (including Wells Fargo and DZ Bank), an average "Buy" rating and $345.71 target, while Alphabet recently beat quarterly EPS/revenue estimates and announced a $0.21 quarterly dividend (0.3% yield).

ProCore Advisors LLC purchased a new position in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,850 shares of the information services provider's stock, valued at approximately $1,208,000. Alphabet accounts for 1.2% of ProCore Advisors LLC's investment portfolio, making the stock its 17th biggest position.

A number of other hedge funds have also modified their holdings of GOOG. Imprint Wealth LLC bought a new position in shares of Alphabet in the third quarter worth approximately $31,000. Manning & Napier Advisors LLC bought a new position in shares of Alphabet in the third quarter worth approximately $32,000. Tripletail Wealth Management LLC bought a new position in shares of Alphabet during the third quarter worth $40,000. Retirement Wealth Solutions LLC boosted its position in shares of Alphabet by 145.0% during the third quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider's stock worth $48,000 after acquiring an additional 116 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC boosted its position in shares of Alphabet by 56.8% during the third quarter. Bay Harbor Wealth Management LLC now owns 218 shares of the information services provider's stock worth $53,000 after acquiring an additional 79 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the sale, the chief executive officer directly owned 1,642,060 shares in the company, valued at $505,573,853.40. The trade was a 1.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the sale, the director owned 4,631 shares in the company, 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. Over the last 90 days, insiders sold 2,068,744 shares of company stock worth $104,505,914. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. Jefferies Financial Group restated a "buy" rating and set a $365.00 target price on shares of Alphabet in a research report on Monday, January 5th. Wedbush restated an "outperform" rating and set a $370.00 target price on shares of Alphabet in a research report on Thursday, February 5th. DZ Bank upgraded shares of Alphabet to a "strong-buy" rating in a research report on Monday, February 16th. Finally, BMO Capital Markets restated an "outperform" rating and set a $400.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Nine investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $345.71.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $330.43 on Wednesday. The firm has a fifty day simple moving average of $305.60 and a two-hundred day simple moving average of $300.37. Alphabet Inc. has a 52 week low of $148.40 and a 52 week high of $350.15. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $4.00 trillion, a P/E ratio of 30.57, a PEG ratio of 1.97 and a beta of 1.13.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $111.24 billion. During the same period in the previous year, the firm posted $2.15 EPS. The business's quarterly revenue was up 18.0% on a year-over-year basis. On average, analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Top analysts expect strong Q1 momentum and continued earnings/AI-driven growth, supporting near-term upside into the company’s upcoming catalysts (earnings, Google I/O). Early Take: Top Analyst Weighs In on Alphabet (GOOGL) Ahead of Q1 Earnings
• Positive Sentiment: DeepMind released a new robotics AI model and opened it to developers — a tangible AI productization step that reinforces Alphabet’s competitive AI moat and potential commercial pathways for Cloud/robotics. Google DeepMind Releases New AI Model to Bring Robots Closer to Real Autonomy
• Positive Sentiment: Citi put Alphabet on a positive 90-day catalyst watch citing Q1 results, Google I/O and Cloud Next as potential catalysts — institutional attention can amplify gains into those events. Alphabet (GOOG) Stock Gains Citi’s Positive Catalyst Watch Through July
• Positive Sentiment: Strategic chip/AI supply deals (Broadcom + Google TPUs and expanded Anthropic collaboration) de‑risk Alphabet’s AI infrastructure story and support investor confidence in long-term AI monetization. Here is why Alphabet (GOOGL) Is Among the High-Flying AI Stocks to Buy
• Neutral Sentiment: Bull/bear price models and buy signals (e.g., 24/7 Wall St. target ~ $352) provide upside narratives but depend on execution in Cloud/AI and ad resilience. Google Price Prediction: Bull and Bear Case
• Negative Sentiment: Mass arbitration claims tied to ad tech and search rulings could expose Alphabet to as much as $218 billion in damages — a large potential liability that raises regulatory/legal overhang and investor uncertainty. Alphabet Faces $218 Billion Mass Arbitration Claims Over Ad Tech And Search Rulings
• Negative Sentiment: New antitrust suit from rival Android app store Aptoide alleges Google monopolizes app distribution and billing — adds to legal risk profile and could pressure Android-related revenue or margins if rulings are unfavorable. Google sued by rival app store Aptoide over alleged monopoly
• Negative Sentiment: Competitive pressure in digital ads: Emarketer/WSJ projections show Meta may overtake Google in net ad revenue this year — a structural risk for Google’s largest business that could weigh on longer-term top-line growth. Meta poised to surpass Google in digital ad revenue for first time, report says

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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