Telos Capital Management Inc. Reduces Stake in Alphabet Inc. $GOOGL

Key Points

• Telos Capital Management Inc. trimmed its stake in Alphabet by 5.7% in Q4, selling 6,416 shares to hold 105,355 shares worth $32.98 million, which represents 3.1% of Telos’s portfolio and its third‑largest position.
• Alphabet is accelerating its Cloud/AI push—announcing eighth‑generation TPUs, the Gemini Enterprise Agent Platform and a $750M partner fund and securing a potential Merck commitment up to $1B—which has driven several analyst price‑target raises and a consensus "Moderate Buy" with an average target near $369.67.

Telos Capital Management Inc. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,355 shares of the information services provider's stock after selling 6,416 shares during the quarter. Alphabet accounts for 3.1% of Telos Capital Management Inc.'s portfolio, making the stock its 3rd largest position. Telos Capital Management Inc.'s holdings in Alphabet were worth $32,976,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in Alphabet by 1.8% during the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock valued at $40,524,841,000 after purchasing an additional 4,008,374 shares during the last quarter. Capital World Investors raised its stake in shares of Alphabet by 28.0% in the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock worth $12,910,542,000 after purchasing an additional 11,605,785 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Alphabet by 15.7% in the third quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider's stock worth $12,333,076,000 after purchasing an additional 6,874,381 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Alphabet by 2.3% during the third quarter. Invesco Ltd. now owns 45,186,112 shares of the information services provider's stock valued at $10,984,744,000 after purchasing an additional 1,034,292 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Alphabet by 1.0% during the third quarter. Legal & General Group Plc now owns 39,250,829 shares of the information services provider's stock valued at $9,541,877,000 after purchasing an additional 392,547 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google unveiled two eighth‑generation TPUs (separate chips for training and inference), a move that could lower AI infrastructure costs and help Google Cloud compete with Nvidia. This product push underpins revenue and margin upside in cloud/AI services. Google Cloud launches two new AI chips to compete with Nvidia
• Positive Sentiment: Alphabet amplified its enterprise AI strategy at Cloud Next — launching the Gemini Enterprise Agent Platform and a $750M partner fund to accelerate agentic AI adoption. That accelerates monetization paths for AI in Google Cloud. Google makes an interesting choice with its new agent building tool for enterprises
• Positive Sentiment: Large commercial deals are following: Merck committed up to $1B to use Google Cloud and Gemini Enterprise, validating enterprise demand and multiyear revenue potential for cloud AI services. Merck to partner with Google Cloud on AI initiatives
• Positive Sentiment: Several sell‑side firms raised targets or reiterated bullish views (BMO to $410, UBS up to $375, Cantor to $395, KeyCorp to $380; JPMorgan and BofA reiterated Buy), signaling analyst confidence in Cloud + AI-driven growth ahead of Q1 results. BMO Raises Alphabet’s Target to $410 and Calls It “the Best Way to Own AI”
• Neutral Sentiment: Google is rolling consumer and workplace AI features (Wallet travel updates, Workspace automation, Chrome “auto browse”) that expand product engagement but are longer‑term monetization plays. Google updates Workspace to make AI your new office intern
• Neutral Sentiment: Independent bullish commentary (e.g., investor columns and pundit targets like Jim Cramer) support investor conviction but are opinion‑driven rather than new fundamentals. Jim Cramer sets Google stock price target
• Negative Sentiment: EU regulators are pressuring Google to give rival AI assistants access to Android features — a potential regulatory move that could weaken Android‑centric advantages and complicate Google’s ad/assistant ecosystem. Google Faces New EU Pressure to Give AI Rivals Android Access
• Negative Sentiment: Recent insider selling was reported, which briefly pressured shares; while not necessarily indicative of fundamentals, it can spook short‑term sentiment ahead of earnings. Alphabet Inc. NASDAQ: GOOGL Shares Down 1.2% Following Insider Selling

Analyst Ratings Changes

Several research firms recently commented on GOOGL. Deutsche Bank Aktiengesellschaft lifted their price objective on Alphabet from $370.00 to $390.00 and gave the stock a "buy" rating in a report on Thursday, February 5th. Evercore restated an "outperform" rating and set a $400.00 target price (up from $325.00) on shares of Alphabet in a research note on Thursday, February 5th. Bank of America raised their price target on shares of Alphabet from $335.00 to $370.00 and gave the company a "buy" rating in a report on Tuesday, January 13th. Robert W. Baird lifted their price target on shares of Alphabet from $375.00 to $380.00 and gave the stock an "outperform" rating in a research note on Friday, March 6th. Finally, Wolfe Research decreased their price objective on shares of Alphabet from $390.00 to $360.00 and set an "outperform" rating for the company in a report on Friday, April 10th. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and an average price target of $369.67.

Alphabet Stock Performance

GOOGL opened at $338.89 on Friday. The company's 50 day moving average is $308.53 and its 200 day moving average is $303.92. 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 $4.10 trillion, a price-to-earnings ratio of 31.35, a PEG ratio of 2.09 and a beta of 1.12. Alphabet Inc. has a 12-month low of $147.84 and a 12-month high of $349.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business had revenue of $113.83 billion during the quarter, compared to analysts' expectations of $111.24 billion. On average, equities research analysts predict that Alphabet Inc. will post 11.57 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, March 9th. Alphabet's dividend payout ratio is 7.77%.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total transaction of $348,232.50. Following the completion of the sale, the director owned 3,581 shares of the company's stock, valued at approximately $1,187,638.65. The trade was a 22.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O'toole sold 617 shares of the business's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the sale, the chief accounting officer directly owned 10,093 shares of the company's stock, valued at $2,923,235.59. This represents a 5.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,037,294 shares of company stock worth $94,216,897 over the last three months. 11.64% of the stock is currently owned by insiders.

Alphabet Profile

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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