Wallace Advisory Group LLC Sells 4,683 Shares of Alphabet Inc. $GOOGL

Key Points

• Wallace Advisory Group LLC reduced its Alphabet stake by 48.7%, selling 4,683 shares in Q4 and now holds 4,939 shares worth about $1.546 million (Alphabet is 1.6% of the firm's holdings and its 12th largest position).
• Analyst sentiment is broadly positive — Alphabet has an average rating of "Moderate Buy" with a consensus price target of $369.67 after multiple firms raised targets and reiterated buy/overweight views.
• Alphabet committed to a major AI partnership — planning to invest up to $40 billion in Anthropic, a move that supports Cloud/AI growth but introduces execution, valuation and regulatory risks (notably in Europe).

Wallace Advisory Group LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 48.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,939 shares of the information services provider's stock after selling 4,683 shares during the quarter. Alphabet accounts for 1.6% of Wallace Advisory Group LLC's holdings, making the stock its 12th biggest position. Wallace Advisory Group LLC's holdings in Alphabet were worth $1,546,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. PMV Capital Advisers LLC bought a new stake in Alphabet during the 4th quarter worth about $38,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Alphabet in the 3rd quarter valued at about $53,000. iSAM Funds UK Ltd acquired a new stake in shares of Alphabet in the third quarter valued at about $53,000. Kentucky Trust Co increased its position in shares of Alphabet by 142.9% in the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after acquiring an additional 100 shares during the last quarter. Finally, Sellwood Investment Partners LLC bought a new stake in Alphabet during the third quarter worth about $63,000. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GOOGL. China Renaissance increased their price target on Alphabet from $330.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, February 6th. DA Davidson upped their price objective on Alphabet from $300.00 to $310.00 and gave the stock a "neutral" rating in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft increased their price objective on Alphabet from $370.00 to $390.00 and gave the company a "buy" rating in a report on Thursday, February 5th. Wall Street Zen cut shares of Alphabet from a "buy" rating to a "hold" rating in a research note on Sunday, April 12th. Finally, Piper Sandler restated an "overweight" rating and set a $395.00 target price (up from $365.00) on shares of Alphabet in a report on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and a consensus price target of $369.67.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $344.40 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 capitalization of $4.17 trillion, a P/E ratio of 31.86, a P/E/G ratio of 2.10 and a beta of 1.12. Alphabet Inc. has a 12 month low of $147.84 and a 12 month high of $349.00. The stock has a 50 day moving average of $309.30 and a 200-day moving average of $304.57.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.57 by $0.25. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The business had revenue of $113.83 billion for the quarter, compared to analysts' expectations of $111.24 billion. As a group, equities research analysts predict that Alphabet Inc. will post 11.53 EPS for the current year.

Alphabet Announces Dividend

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

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 617 shares of the 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Kent Walker sold 8,993 shares of the firm's stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the sale, the insider owned 51,808 shares of the company's stock, valued at $14,293,309.12. This trade represents a 14.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,037,294 shares of company stock worth $94,216,897 in the last quarter. 11.64% of the stock is owned by corporate insiders.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet commits to a strategic AI partnership that secures long-term model and compute capacity — Google will invest up to $40 billion in Anthropic (a $10B tranche now, $30B contingent on milestones). The deal strengthens Alphabet’s access to leading generative-AI models, supports product roadmap and cloud demand, and reduces the risk of competitors locking up third‑party model supply. Google to invest up to $40B in Anthropic in cash and compute
• Positive Sentiment: Analyst support is lifting sentiment — multiple firms have reaffirmed or raised ratings/targets (Jefferies, Needham, JPMorgan, UBS moves reported), reinforcing a bullish view that AI and Cloud will drive upside to estimates. This analyst momentum is helping push the stock higher into the next earnings print. Alphabet: Jefferies keeps its 'Buy' rating
• Positive Sentiment: Product and infrastructure catalysts: new TPU 8i inference chip, expanded Workspace AI features and enterprise wins (Ulta, AutoZone migrations) point to faster, lower‑cost AI scaling and increased Cloud/ads monetization potential. These operational advances support margins and longer-term revenue growth. Alphabet Stock Gains After Unveiling New AI Inference Chip
• Neutral Sentiment: Sector labor disruption from AI: broader reporting that AI is displacing tech jobs may pressure sentiment for the sector but is only an indirect, mixed impact on Alphabet — potential cost savings versus reputation/PR and macro consumption effects. Whether It's 'Disruption' or 'Renormalization,' AI Is Killing Tech Jobs
• Neutral Sentiment: Near-term earnings setup: several outlets and banks expect a modest Q1 beat driven by AI and Cloud strength; this supports the rally but leaves the stock exposed to any surprise guidance. Alphabet set to report modest beat for Q1 driven by AI, Cloud growth
• Negative Sentiment: Regulatory risk in Europe: the European Commission is pressuring Google to give rival AI assistants deeper Android access — a move that could weaken Alphabet’s ecosystem advantage and advertising/engagement moat if implemented. Regulatory actions remain a meaningful downside risk. Google Faces New EU Pressure to Give AI Rivals Android Access
• Negative Sentiment: Large contingent capital commitment and valuation exposure: while the Anthropic deal is strategic, the $30B contingent tranche and Anthropic’s ~$350B valuation create execution and financial-commitment risks if performance targets aren’t met or scrutiny increases. Investors may worry about future cash/compute obligations and valuation optics. Google plans to invest up to $40 billion in Anthropic, Bloomberg reports

About Alphabet

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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