Causeway Capital Management LLC Sells 89,388 Shares of Alphabet Inc. $GOOG

Causeway Capital Management LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOG) by 12.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 632,158 shares of the information services provider’s stock after selling 89,388 shares during the quarter. Alphabet comprises 2.0% of Causeway Capital Management LLC’s holdings, making the stock its 8th biggest position. Causeway Capital Management LLC’s holdings in Alphabet were worth $153,962,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new position in shares of Alphabet in the third quarter valued at approximately $32,000. Tripletail Wealth Management LLC acquired a new stake in shares of Alphabet during the third quarter worth $40,000. University of Illinois Foundation bought a new stake in Alphabet in the 2nd quarter valued at $31,000. Retirement Wealth Solutions LLC lifted its position in Alphabet by 145.0% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider’s stock valued at $48,000 after acquiring an additional 116 shares in the last quarter. Finally, Horrell Capital Management Inc. boosted its stake in Alphabet by 100.0% in the 2nd quarter. Horrell Capital Management Inc. now owns 200 shares of the information services provider’s stock worth $35,000 after purchasing an additional 100 shares during the period. 27.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the completion of the transaction, the insider directly owned 13,227 shares in the company, valued at approximately $3,987,279.15. The trade was a 78.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $303.38, for a total value of $9,859,850.00. Following the completion of the sale, the chief executive officer owned 1,674,560 shares in the company, valued at approximately $508,028,012.80. This trade represents a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 2,112,493 shares of company stock valued at $118,605,094. Insiders own 12.99% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Technical/flow support: MarketBeat says GOOGL has confirmed a major support zone near ~$300 after a 12% pullback, with strong institutional inflows and analyst upgrades that make the recent dip look like a potential long-term entry. GOOGL Pullback Confirms Support, Setting Up a Potential New Entry
• Positive Sentiment: Commercial traction: Reuters/InsiderMonkey reports CVS Health will roll out an AI-enabled customer platform built on Google Cloud — a tangible enterprise win that should boost cloud consumption and revenue visibility. CVS Health To Roll Out AI-enabled Platform With Google Cloud
• Positive Sentiment: Strategic/partner signal: CNBC reports Mandiant founder Kevin Mandia raised $190M for a new AI-cybersecurity startup (Armadin), with some funding coming from the company that sold him to Google — a sign of continued ecosystem investment and Google’s ongoing ties to security/AI startups. Kevin Mandia raised $190 million for Armadin
• Neutral Sentiment: Valuation/coverage context: Market and media pieces (Zacks/Fool) are comparing Alphabet with peers (e.g., Nvidia) and reiterating Alphabet’s diversified revenue mix and long-term AI edge — useful framing but not new catalysts by itself. Nvidia vs. Alphabet: Which Stock Will Make You Richer?
• Negative Sentiment: Supply‑chain/cost risk: TipRanks flags that Nvidia’s high‑bandwidth memory buying spree has created global shortages that could raise costs or constrain Google’s AI hardware spend, a potential margin/headline risk for AI infrastructure. Nvidia’s Memory Shortage Could Cause Google Billions
• Negative Sentiment: Competitive pressure: MarketBeat coverage of Microsoft’s aggressive dual‑model and Anthropic/OpenAI positioning underscores intensifying cloud/AI competition — a reminder Azure is a strong adversary for Google Cloud share gains. Microsoft Positioned to Win AI Race With Dual-Model Strategy
• Negative Sentiment: Governance/headline drag: Recent reports detail approval of a potential $692M CEO pay package tied to Waymo and insider sales by Alphabet’s CEO (~$9.86M sold) — items that can sap sentiment and were linked to small near‑term stock weakness. Alphabet offers CEO pay deal worth up to $692M Alphabet CEO Sells Stock
• Negative Sentiment: Regulatory risk: Yahoo/Reuters coverage of Indonesia’s plan to ban high‑risk digital platforms for children under 16 could create regional regulatory pressure on core ad or platform features if similar rules spread. Indonesia Plans to Ban High-Risk Digital Platforms for Children

Alphabet Price Performance

NASDAQ:GOOG opened at $306.01 on Tuesday. The stock has a market capitalization of $3.70 trillion, a PE ratio of 28.31, a P/E/G ratio of 1.75 and a beta of 1.10. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $350.15. The firm has a fifty day simple moving average of $320.11 and a 200 day simple moving average of $288.17. 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:GOOG) last announced its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.23. The firm 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%. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.15 earnings per share. On average, research analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be given 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 payout ratio is 7.77%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their target price on Alphabet from $385.00 to $395.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Guggenheim reaffirmed a “buy” rating and set a $375.00 price objective on shares of Alphabet in a research report on Monday, December 1st. Pivotal Research reissued a “buy” rating and issued a $420.00 target price (up from $400.00) on shares of Alphabet in a research report on Thursday, February 5th. Canaccord Genuity Group upped their price target on Alphabet from $330.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $400.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Nine 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $343.90.

About Alphabet

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.