Alphabet Inc. $GOOG Shares Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 34.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 57,434 shares of the information services provider’s stock after acquiring an additional 14,821 shares during the period. Alphabet accounts for 2.0% of K.J. Harrison & Partners Inc’s portfolio, making the stock its 7th largest position. K.J. Harrison & Partners Inc’s holdings in Alphabet were worth $14,153,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Mar Vista Investment Partners LLC increased its position in Alphabet by 18.2% during the third quarter. Mar Vista Investment Partners LLC now owns 194,560 shares of the information services provider’s stock worth $47,385,000 after purchasing an additional 29,983 shares during the last quarter. Catalyst Financial Partners LLC grew its stake in shares of Alphabet by 1.6% during the 3rd quarter. Catalyst Financial Partners LLC now owns 34,647 shares of the information services provider’s stock valued at $8,438,000 after buying an additional 538 shares during the period. Hurley Capital LLC grew its stake in shares of Alphabet by 39.8% during the 3rd quarter. Hurley Capital LLC now owns 2,917 shares of the information services provider’s stock valued at $710,000 after buying an additional 831 shares during the period. Empirical Asset Management LLC increased its holdings in shares of Alphabet by 35.1% during the 3rd quarter. Empirical Asset Management LLC now owns 18,836 shares of the information services provider’s stock worth $4,588,000 after buying an additional 4,894 shares during the last quarter. Finally, Waddell & Associates LLC raised its position in shares of Alphabet by 12.0% in the 3rd quarter. Waddell & Associates LLC now owns 18,721 shares of the information services provider’s stock worth $4,560,000 after buying an additional 2,008 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. DZ Bank raised Alphabet to a “strong-buy” rating in a research report on Monday, February 16th. Citigroup reaffirmed a “market outperform” rating on shares of Alphabet in a research note on Wednesday, December 17th. Wells Fargo & Company upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Pivotal Research restated a “buy” rating and issued a $420.00 price target (up from $400.00) on shares of Alphabet in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Alphabet from $385.00 to $395.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Nine investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $343.90.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google rolled out Nano Banana 2, an upgraded AI image generator with faster performance and better text handling — reinforces product leadership for Gemini/search integrations and helps drive user engagement across Google services. Google launches Nano Banana 2
• Positive Sentiment: Alphabet reportedly struck a multibillion-dollar deal to rent its AI chips (TPUs) to Meta — a direct revenue and margin-positive outcome from Alphabet’s AI infrastructure investments. Google signs multibillion-dollar AI chip deal with Meta
• Positive Sentiment: Alphabet is securing power supply agreements for data centers (deals with AES and Xcel), which reduces execution risk for its AI/cloud buildout and supports continued capacity expansion. Alphabet Secures Power Deals
• Positive Sentiment: South Korea approved Google’s request to export high‑precision map data, opening commercial opportunities for Google Maps and Waymo in a market previously restricted — potential revenue and product expansion tailwind. South Korea approves Google bid
• Positive Sentiment: Heavy investors continue to add to Alphabet: notable buying by billionaire Stanley Druckenmiller was reported — an endorsement that can support sentiment among long-term institutional investors. Druckenmiller buys Alphabet
• Neutral Sentiment: Analyst coverage and buy ratings remain favorable (recent upgrades and positive notes on cloud/AI), supporting longer-term upside expectations even after concerns about spending. MarketBeat coverage
• Neutral Sentiment: Short-interest updates in available feeds show anomalous/zero reporting and NaN changes — appears to be noisy data and unlikely to be driving today’s move. (Data entries flagged as 0/NaN.)
• Negative Sentiment: Belgian competition authorities opened a probe into Google’s online ad pricing practices — a regulatory risk that could pressure ad margins or lead to fines/operational changes in Europe. Belgian watchdog probe
• Negative Sentiment: Competitive pressure intensified after OpenAI raised massive funding with Amazon/Nvidia/Microsoft as backers — concentrates AI competition and could blunt parts of Google’s enterprise opportunity or pricing power. OpenAI record funding report
• Negative Sentiment: Investor cautions: critics (Michael Burry, some options trade services) have flagged Alphabet’s aggressive AI capex and warned of margin pressure — a reminder of downside risk if spending outpaces near-term monetization. Michael Burry on Google’s AI spending

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $311.43 on Friday. The business’s 50-day simple moving average is $321.49 and its 200 day simple moving average is $282.81. The company has a market cap of $3.77 trillion, a P/E ratio of 28.81, a PEG ratio of 1.80 and a beta of 1.10. 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 one year low of $142.66 and a one year high of $350.15.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.23. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. During the same quarter in the prior year, the business earned $2.15 EPS. Alphabet’s quarterly revenue was up 18.0% compared to the same quarter last year. On average, sell-side analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is presently 7.77%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 933 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $336.55, for a total value of $314,001.15. Following the transaction, the chief accounting officer owned 9,916 shares in the company, valued at $3,337,229.80. The trade was a 8.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of Alphabet stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $19.00, for a total value of $35,060,852.00. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 2,112,482 shares of company stock worth $119,145,289. 12.99% of the stock is currently owned by 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.