TD Waterhouse Canada Inc. Buys 20,572 Shares of Alphabet Inc. $GOOG

Key Points

• TD Waterhouse Canada Inc. increased its stake in Alphabet by 2.6%, acquiring an additional 20,572 shares to own 804,840 shares worth $252,551,000, making GOOG about 1.6% of its portfolio and its 16th largest holding.
• Analyst sentiment is broadly positive: the stock has a consensus Buy rating with a consensus target of $351.73, and several brokerages have recently raised price targets (e.g., JPMorgan to $395, Raymond James to $400).
• Key strategic catalysts and risks include a newly reported classified AI deal with the U.S. Department of Defense and large AI investments (including Anthropic), offset by employee objections and rising EU regulatory scrutiny of cloud/AI services.

TD Waterhouse Canada Inc. increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 804,840 shares of the information services provider's stock after acquiring an additional 20,572 shares during the quarter. Alphabet makes up about 1.6% of TD Waterhouse Canada Inc.'s portfolio, making the stock its 16th largest position. TD Waterhouse Canada Inc.'s holdings in Alphabet were worth $252,551,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Semus Wealth Partners LLC boosted its stake in Alphabet by 0.7% during the fourth quarter. Semus Wealth Partners LLC now owns 18,698 shares of the information services provider's stock worth $5,868,000 after acquiring an additional 122 shares in the last quarter. Tred Avon Family Wealth LLC boosted its stake in Alphabet by 23.9% during the fourth quarter. Tred Avon Family Wealth LLC now owns 20,956 shares of the information services provider's stock worth $6,576,000 after acquiring an additional 4,043 shares in the last quarter. Revisor Wealth Management LLC boosted its stake in Alphabet by 163.1% during the fourth quarter. Revisor Wealth Management LLC now owns 14,905 shares of the information services provider's stock worth $4,831,000 after acquiring an additional 9,239 shares in the last quarter. Joel Adams & Associates Inc. bought a new position in Alphabet during the fourth quarter worth $213,000. Finally, Clark Asset Management LLC boosted its stake in Alphabet by 32.8% during the fourth quarter. Clark Asset Management LLC now owns 11,926 shares of the information services provider's stock worth $3,742,000 after acquiring an additional 2,946 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on GOOG. JPMorgan Chase & Co. increased their target price 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. TD Cowen restated a "buy" rating and set a $375.00 price objective (up from $365.00) on shares of Alphabet in a report on Thursday, April 16th. Truist Financial set a $385.00 price objective on shares of Alphabet in a report on Wednesday, April 22nd. Raymond James Financial upgraded shares of Alphabet from an "outperform" rating to a "strong-buy" rating and upped their price objective for the stock from $315.00 to $400.00 in a report on Thursday, January 22nd. Finally, Canaccord Genuity Group upped their price objective on shares of Alphabet from $330.00 to $390.00 and gave the stock a "buy" rating in a report on Wednesday, January 7th. Seven research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $351.73.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet secured classified AI access for the U.S. Department of Defense, opening a potential high‑margin, recurring revenue channel for Google Cloud that helps diversify beyond advertising. Google signs classified AI deal with Pentagon
• Positive Sentiment: KeyBanc recently raised its price target on Alphabet, signaling some analysts expect more upside from Google Cloud and AI monetization. KeyBanc Raised the Price Target on Alphabet
• Positive Sentiment: Alphabet’s big strategic AI investments — including a reported multi‑billion investment relationship with Anthropic — underpin long‑term growth optionality in models and cloud compute demand. Alphabet To Invest Up To $40 Billion In Anthropic
• Neutral Sentiment: Q1 earnings and the Cloud margin story are the immediate catalysts — analysts expect strong revenue growth but will scrutinize capex, depreciation and margin guidance tied to heavy AI investment. Alphabet Earnings Preview: Q1 Earnings Hinge On Margins And The Cloud
• Neutral Sentiment: Google is contributing agentic commerce/authentication work to industry standards (FIDO Alliance), a technical positive for enterprise adoption but unlikely to move near‑term revenue materially. Google and Mastercard Contribute Agentic Commerce Standards to FIDO Alliance
• Negative Sentiment: Employee objections and public criticism over the Pentagon deal have surfaced; internal unrest can create reputational and executional distractions. A Google researcher says they're 'ashamed' after the company signed a Pentagon deal
• Negative Sentiment: Alphabet unexpectedly exited a $100M Pentagon drone AI competition after ethics concerns, a signal that some defense opportunities may be inconsistent with internal governance and could limit revenue capture. Alphabet Stock Dips as Google Exits $100M Pentagon AI Drone Contract
• Negative Sentiment: Regulatory risk is rising: the EU is shifting enforcement toward cloud and AI services, which could pressure product access and competitive positioning in Europe. EU rules reining in Big Tech will now target cloud services and AI
• Negative Sentiment: Some funds disclosed reductions in GOOGL holdings ahead of earnings, indicating profit‑taking and positioning risk into results. Fund Update: Handelsbanken Fonder AB Disclosed New Holdings

Alphabet Price Performance

GOOG opened at $347.50 on Wednesday. The firm has a market cap of $4.20 trillion, a P/E ratio of 32.15, a PEG ratio of 2.16 and a beta of 1.13. The firm has a 50-day moving average of $310.00 and a 200 day moving average of $306.97. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. Alphabet Inc. has a fifty-two week low of $149.49 and a fifty-two week high of $350.90.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.23. The company had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The firm's revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.15 earnings per share. On average, research analysts expect that Alphabet Inc. will post 11.53 EPS for the current year.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the completion of the transaction, the chief executive officer owned 2,818,524 shares in the company, valued at approximately $856,605,814.08. This represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $303.41, for a total transaction of $318,580.50. Following the transaction, the director owned 4,631 shares of the company's stock, valued at approximately $1,405,091.71. The trade was a 18.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,037,294 shares of company stock valued at $94,216,897 in the last 90 days. 12.99% of the stock is currently owned by company insiders.

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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