Strategic Investment Advisors MI decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,679 shares of the information services provider's stock after selling 2,577 shares during the quarter. Alphabet accounts for about 0.9% of Strategic Investment Advisors MI's holdings, making the stock its 27th largest holding. Strategic Investment Advisors MI's holdings in Alphabet were worth $11,830,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Financial Gravity Companies Inc. acquired a new position in shares of Alphabet during the 2nd quarter worth approximately $31,000. iSAM Funds UK Ltd acquired a new stake in Alphabet in the 3rd quarter valued at $53,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Alphabet in the 3rd quarter worth $53,000. Corsicana & Co. purchased a new stake in Alphabet in the 3rd quarter worth $54,000. Finally, Sellwood Investment Partners LLC purchased a new stake in Alphabet in the 3rd quarter worth $63,000. Hedge funds and other institutional investors own 40.03% of the company's stock.
More Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: DeepMind hired Jasjeet Sekhon, Bridgewater’s chief scientist, as chief strategy officer — a high‑profile talent win that reinforces Alphabet’s DeepMind AI bench and long‑term product roadmap. Exclusive: Bridgewater's chief scientist Sekhon to join Google's DeepMind AI unit
- Positive Sentiment: High‑profile endorsement: Elon Musk tweeted that Google will “win the AI race in the West,” a bullish signal for market perception of Alphabet’s AI leadership. Elon Musk Says China Will Win The AI Race, But Here's Where SpaceX Will Win
- Positive Sentiment: Product momentum: Google’s new “Stitch” AI design features are pressuring rivals (e.g., Figma’s stock fell), underscoring expanding addressable market for Google’s AI tools. Figma's stock drops 11% in two days after Google releases 'vibe design' product
- Positive Sentiment: Market commentary highlights Alphabet’s operational strength (consecutive earnings beats, Cloud acceleration), supporting the bullish analyst consensus and relative outperformance among mega‑caps. 2 Tech Giants Holding Their Ground While the Market Slides
- Neutral Sentiment: Insider sales disclosed: CEO Sundar Pichai sold ~32,500 shares (~$10M) and Director John Hennessy sold a small stake — notable but small relative to total insider holdings; monitor if these continue. Insider filing: Sundar Pichai sale
- Neutral Sentiment: Short‑interest data in the feeds appears anomalous/zero and provides no clear signal (no days‑to‑cover build reported).
- Neutral Sentiment: Competitive takes: Analysts compare Snowflake and Alphabet on cloud analytics — SNOW’s momentum is notable but doesn’t negate Google Cloud’s growth trajectory. Snowflake vs Alphabet: Which Cloud Analytics Stock Has an Edge Now?
- Negative Sentiment: Investor concern about massive hyperscaler AI spending — analysts flag $410B+ capex across hyperscalers and question near‑term returns, a theme that can pressure tech multiples including GOOGL. Forget the War Headlines: This Is the Real Reason Tech Stocks Are Struggling
- Negative Sentiment: Valuation debate persists: coverage notes shifting investment story as AI deals and capex raise questions about near‑term upside despite solid fundamentals. How The Alphabet (GOOGL) Investment Story Is Shifting With AI Deals And Valuation Questions
Alphabet Stock Performance
NASDAQ:GOOGL opened at $301.00 on Friday. The company has a market cap of $3.64 trillion, a P/E ratio of 27.84, a P/E/G ratio of 1.80 and a beta of 1.10. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $349.00. The company's 50-day moving average price is $317.62 and its 200-day moving average price is $292.57. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.25. The company had revenue of $113.83 billion during the quarter, compared to analysts' expectations of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. On average, sell-side analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.
Alphabet Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, March 9th. Alphabet's payout ratio is currently 7.77%.
Analyst Upgrades and Downgrades
Several research firms have issued reports on GOOGL. Royal Bank Of Canada increased their price objective on shares of Alphabet from $375.00 to $400.00 and gave the company an "outperform" rating in a report on Thursday, February 5th. Pivotal Research boosted their target price on shares of Alphabet from $400.00 to $420.00 and gave the stock a "buy" rating in a research note on Thursday, February 5th. Citigroup upped their price target on shares of Alphabet from $350.00 to $390.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Sanford C. Bernstein raised their price target on shares of Alphabet from $305.00 to $335.00 and gave the company a "market perform" rating in a research note on Monday, February 2nd. Finally, Argus lifted their price objective on Alphabet from $365.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, February 6th. Three research analysts have rated the stock with a Strong Buy rating, forty-three have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $367.18.
Check Out Our Latest Research Report on GOOGL
Insiders Place Their Bets
In related news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction that occurred on 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 sale, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 955 shares of Alphabet stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares in the company, valued at approximately $2,955,564. The trade was a 8.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 2,110,165 shares of company stock valued at $118,134,117. Insiders own 11.64% of the company's stock.
Alphabet Profile
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Free Report)
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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