Sei Investments Co. Has $961.28 Million Stake in Alphabet Inc. $GOOG

Key Points

• Sei Investments increased its Alphabet stake by 72.4% in Q3 and now owns 3,946,968 shares valued at about $961.28 million, making Alphabet its 11th-largest holding (≈1.0% of the fund).
• Alphabet is making strategic moves — it closed a $32 billion acquisition of cybersecurity firm Wiz and is rolling its Gemini AI into Google Maps and Workspace — actions that could accelerate cloud/ads monetization but raise near-term cash and integration risk.
• Financially, Alphabet beat quarterly estimates (EPS $2.82 vs. $2.59; revenue $113.83 billion, +18% YoY), announced a $0.21 quarterly dividend (0.3% yield), and retains a consensus analyst rating of "Buy" with a ~$343.90 price target.

Sei Investments Co. grew its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 72.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,946,968 shares of the information services provider's stock after purchasing an additional 1,657,801 shares during the period. Alphabet makes up approximately 1.0% of Sei Investments Co.'s investment portfolio, making the stock its 11th largest holding. Sei Investments Co.'s holdings in Alphabet were worth $961,283,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. University of Illinois Foundation bought a new position in shares of Alphabet during the 2nd quarter worth approximately $31,000. Manning & Napier Advisors LLC bought a new stake in shares of Alphabet in the third quarter worth $32,000. Horrell Capital Management Inc. lifted its position in shares of Alphabet by 100.0% in the second quarter. Horrell Capital Management Inc. now owns 200 shares of the information services provider's stock worth $35,000 after purchasing an additional 100 shares in the last quarter. Tripletail Wealth Management LLC acquired a new position in Alphabet during the third quarter worth $40,000. Finally, Retirement Wealth Solutions LLC grew its position in Alphabet by 145.0% in the third quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider's stock valued at $48,000 after purchasing an additional 116 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet closed its largest‑ever acquisition, buying cybersecurity firm Wiz for $32 billion — a move that strengthens Google Cloud’s security offering and could help accelerate enterprise cloud adoption. Google completes $32B acquisition of Wiz
• Positive Sentiment: Alphabet continues to monetize AI across products: Gemini is being added to Google Maps (“Ask Maps”) and Workspace (Docs/Sheets/Slides/Drive), which can drive engagement and incremental ad/cloud revenue over time. Google Adds Gemini AI to Google Maps
• Positive Sentiment: Google cut Android developer fees and expanded billing options, resolving a long dispute with Epic and enabling Fortnite’s return to the Play Store — a signal that policy changes may improve Play Store monetization and developer relations. Google App Store Brings Back Fortnite, Changes Fee Structure
• Neutral Sentiment: Alphabet is combining its GFiber unit with Astound Broadband, retaining a minority stake while Stonepeak becomes majority owner — this monetizes a capital‑intensive asset but limits future control/returns. Google sells partial stake in fiber business
• Neutral Sentiment: Analyst and institutional backdrop remains supportive: multiple upgrades, a large buy consensus and continued inflows help underpin the longer‑term case even as the stock retraces; MarketBeat/analysis note $300 area as key technical support. Alphabet pullback and analyst coverage
• Neutral Sentiment: Short‑interest reports in recent feeds show zero or inconsistent figures (likely data anomalies), so don’t read too much into the reported “spike” — short interest appears not to be a driver today.
• Negative Sentiment: Regulatory and legal risks: UK regulator pressure to protect children online and ongoing AI‑related legal/competitive noise (lawsuits mentioned around Gemini) add headline risk that can pressure multiples for large tech names. Big tech warned to protect children online
• Negative Sentiment: Sizeable cash outlay for Wiz and heightened competition from other AI/cloud players mean investors may be cautious about near‑term free‑cash flow and integration risk despite strategic rationale. Google completes $32B purchase of Wiz

Alphabet Stock Performance

Shares of GOOG opened at $303.21 on Friday. The firm has a 50-day moving average of $319.64 and a 200-day moving average of $289.11. Alphabet Inc. has a one year low of $142.66 and a one year high of $350.15. The company has a market cap of $3.67 trillion, a PE ratio of 28.05, a price-to-earnings-growth ratio of 1.81 and a beta of 1.10. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating 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 company had revenue of $113.83 billion for the quarter, compared to analysts' expectations of $111.24 billion. During the same period in the prior year, the firm earned $2.15 EPS. Alphabet's quarterly revenue was up 18.0% compared to the same quarter last year. As a group, equities analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid a $0.21 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio is currently 7.77%.

Analyst Upgrades and Downgrades

GOOG has been the topic of several recent research reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $375.00 price target on shares of Alphabet in a research note on Thursday, January 15th. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a report on Wednesday, January 21st. UBS Group reaffirmed a "neutral" rating and issued a $348.00 target price (up from $345.00) on shares of Alphabet in a research report on Thursday, February 12th. Loop Capital upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. increased their price target on Alphabet from $385.00 to $395.00 and gave the company an "overweight" rating in a research report on Thursday, February 5th. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $343.90.

Insider Buying and Selling

In other news, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the completion of the transaction, the insider directly owned 13,227 shares in the company, valued at approximately $3,987,279.15. The trade was a 78.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $303.38, for a total value of $9,859,850.00. Following the transaction, the chief executive officer directly owned 1,674,560 shares in the company, valued at $508,028,012.80. The trade was 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 90 days, insiders sold 2,112,493 shares of company stock valued at $118,605,094. Insiders own 12.99% of the company's stock.

Alphabet 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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