RPG Investment Advisory LLC Has $43.33 Million Holdings in Alphabet Inc. $GOOG

Key Points

• RPG Investment Advisory trimmed its stake in Alphabet by 7.3% to 138,095 shares valued at $43.33 million, making GOOG its second-largest holding at about 4.9% of the firm's portfolio.
• Alphabet recently beat quarterly expectations with EPS of $2.82 (vs. $2.59 est.) and revenue of $113.83 billion (+18% YoY), and the stock carries a consensus analyst rating of "Buy" with a $345.71 consensus price target.
• The company announced a quarterly dividend of $0.21 (annualized $0.84, ~0.3% yield), while insiders have sold roughly 2.07 million shares (~$104.7 million) in the past 90 days; institutional ownership is about 27.26% and insiders own ~12.99%.

RPG Investment Advisory LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 138,095 shares of the information services provider's stock after selling 10,799 shares during the quarter. Alphabet accounts for about 4.9% of RPG Investment Advisory LLC's investment portfolio, making the stock its 2nd biggest holding. RPG Investment Advisory LLC's holdings in Alphabet were worth $43,334,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GOOG. JPMorgan Chase & Co. increased its stake in Alphabet by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider's stock valued at $24,240,469,000 after purchasing an additional 7,904,434 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Alphabet by 73.5% in the third quarter. Assenagon Asset Management S.A. now owns 9,808,152 shares of the information services provider's stock worth $2,388,775,000 after acquiring an additional 4,154,929 shares during the period. Danske Bank A S bought a new stake in shares of Alphabet in the third quarter worth approximately $678,198,000. Holocene Advisors LP bought a new stake in shares of Alphabet in the second quarter worth approximately $455,745,000. Finally, Alliancebernstein L.P. grew its stake in shares of Alphabet by 5.8% in the third quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider's stock worth $9,749,864,000 after acquiring an additional 2,209,203 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

GOOG opened at $315.73 on Friday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The company has a market cap of $3.82 trillion, a price-to-earnings ratio of 29.21, a PEG ratio of 1.96 and a beta of 1.13. The company's 50 day moving average is $306.32 and its 200 day moving average is $298.59. Alphabet Inc. has a 12-month low of $148.40 and a 12-month high of $350.15.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.23. The company had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The firm's revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.15 earnings per share. On average, equities research analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

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

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $327.30, for a total transaction of $10,637,250.00. Following the transaction, the chief executive officer owned 2,211,872 shares of the company's stock, valued at $723,945,705.60. The trade was a 1.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the transaction, the insider directly owned 13,227 shares in the company, valued at $3,987,279.15. This represents a 78.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,069,344 shares of company stock valued at $104,708,426 in the last 90 days. 12.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GOOG. Pivotal Research reiterated a "buy" rating and issued a $420.00 price target (up from $400.00) on shares of Alphabet in a research note on Thursday, February 5th. JPMorgan Chase & Co. lifted their price target on shares of Alphabet from $385.00 to $395.00 and gave the stock an "overweight" rating in a research note on Thursday, February 5th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $345.00 price target on shares of Alphabet in a research note on Thursday, February 5th. Needham & Company LLC set a $400.00 price target on shares of Alphabet and gave the stock a "buy" rating in a research note on Friday, March 13th. Finally, Wedbush reiterated an "outperform" rating and issued a $370.00 price target on shares of Alphabet in a research note on Thursday, February 5th. Nine analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $345.71.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: YouTube is raising U.S. subscription prices while the subscriber base tops ~125M, supporting higher ARPU and recurring revenue for Alphabet. Article Title
• Positive Sentiment: Google and Intel expanded a multi-year AI infrastructure partnership, reducing execution risk for Google Cloud’s AI capacity buildout and lowering costs for large model workloads. Article Title
• Positive Sentiment: Top analysts and boutiques reinstated bullish views and flagged upside (one analyst sees 30%+ upside), reinforcing momentum narratives around Cloud and AI monetization. Article Title
• Positive Sentiment: Longer-term optionality — fractional exposure to a potential SpaceX IPO value and sustained Google Cloud growth — remains a tailwind for longer-horizon investors. Article Title
• Neutral Sentiment: Alphabet’s board approved new long-term equity awards to executives — standard for tech firms but could be viewed as modest dilution; monitor details when full filings are available. Article Title
• Neutral Sentiment: ETF news (Roundhill GOOGL WeeklyPay distribution) and various market write-ups keep Alphabet in focus but are unlikely to move the stock materially on their own. Article Title
• Negative Sentiment: Short interest jumped in March to ~44.0M shares (+26.8% vs. mid‑March), representing roughly 0.4% of float and a short‑interest ratio near 1.9 days — rising short activity can amplify downside on negative headlines. (Market data)
• Negative Sentiment: Regulatory/legal friction: Indonesia issued a reprimand over YouTube compliance and a California bill would add costs/constraints for Waymo’s robotaxi operations — both increase near‑term policy risk for ad and autonomous-vehicle initiatives. Article Title Article Title
• Negative Sentiment: Some institutional trimming (reported stake reductions) and notes flagging stretched valuation/multiple compression risk could pressure the shares despite solid fundamentals. Article Title Article Title

Alphabet Company Profile

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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