Riverpark Capital Management LLC Has $1.62 Million Stock Position in Alphabet Inc. $GOOG

Riverpark Capital Management LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 21.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 6,631 shares of the information services provider’s stock after selling 1,840 shares during the period. Alphabet makes up 2.9% of Riverpark Capital Management LLC’s portfolio, making the stock its 10th biggest position. Riverpark Capital Management LLC’s holdings in Alphabet were worth $1,615,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. University of Illinois Foundation purchased a new position in shares of Alphabet in the second quarter worth about $31,000. Manning & Napier Advisors LLC purchased a new stake in Alphabet in the third quarter worth $32,000. Horrell Capital Management Inc. boosted its stake in shares of Alphabet by 100.0% during the 2nd quarter. Horrell Capital Management Inc. now owns 200 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. Tripletail Wealth Management LLC purchased a new position in shares of Alphabet during the 3rd quarter worth approximately $40,000. Finally, Retirement Wealth Solutions LLC raised its holdings in Alphabet by 145.0% in the third quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider’s stock worth $48,000 after purchasing an additional 116 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Activity

In other Alphabet news, insider John Kent Walker sold 47,574 shares of the 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 transaction, the insider owned 13,227 shares in the company, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $19.00, for a total value of $35,060,852.00. The SEC filing for this sale provides additional information. Insiders sold a total of 2,112,493 shares of company stock worth $118,605,094 over the last three months. Corporate insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GOOG. BNP Paribas Exane started coverage on Alphabet in a research report on Monday, November 24th. They set an “outperform” rating for the company. Wells Fargo & Company upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Raymond James Financial upgraded shares of Alphabet from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $315.00 to $400.00 in a research report on Thursday, January 22nd. DZ Bank raised Alphabet to a “strong-buy” rating in a report on Monday, February 16th. Finally, JPMorgan Chase & Co. raised their price objective 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 equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Alphabet currently has a consensus rating of “Buy” and a consensus price target of $343.90.

Alphabet Trading Up 0.3%

GOOG opened at $306.93 on Wednesday. The stock has a market cap of $3.71 trillion, a price-to-earnings ratio of 28.39, a P/E/G ratio of 1.79 and a beta of 1.10. Alphabet Inc. has a one year low of $142.66 and a one year high of $350.15. The stock’s 50 day moving average price is $319.96 and its 200-day moving average price is $288.87. 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 (NASDAQ:GOOG) last posted its 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 business had revenue of $113.83 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $2.15 EPS. On average, equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current 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 given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is currently 7.77%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is rolling out Gemini AI “Agent Designer” on the Pentagon’s GenAI.mil portal, making custom AI agents available to the Pentagon’s ~3 million personnel — a meaningful enterprise reference customer and validation of Google’s government AI strategy. Google deepens Pentagon AI push after Anthropic sues Trump administration
• Positive Sentiment: Alphabet introduced Gemini Embedding 2, a new AI embedding model; market coverage noted an immediate positive reaction to the product release, supporting near-term demand and AI positioning. Google (GOOGL) Stock Rises after Introducing New Gemini Embedding 2 AI Model
• Positive Sentiment: Cloud-commercial momentum: expanded Waystar–Google Cloud partnership and continued deals (e.g., CVS Health AI-enabled platform) point to recurring cloud revenue and cross‑sell opportunities for Google Cloud. Alphabet Inc. (GOOG) Announced Expanded Partnership Between Waystar and Google Cloud
• Positive Sentiment: Short interest fell meaningfully in late February (down ~29% to ~31.9M shares), reducing immediate downside pressure from short sellers and lowering days-to-cover — a modest technical positive for the stock.
• Neutral Sentiment: Some short-interest reporting for early March shows anomalous zero/NaN values — treat those data points with caution; the underlying trend through late Feb was lower short interest.
• Neutral Sentiment: Meta will add advertiser location fees to cover digital taxes, following Google/Amazon precedent — an industry-level change that may normalize advertiser pass-throughs but doesn’t uniquely move Alphabet’s core fundamentals. Meta to charge advertisers a fee to offset Europe’s digital taxes
• Negative Sentiment: Nvidia’s high-bandwidth memory (HBM) shortage and rising HBM costs could raise infrastructure expenses for AI deployments and cloud providers, potentially increasing Google’s AI compute costs and capex. Nvidia’s (NVDA) Memory Shortage Could Cause Google (GOOGL) Billions
• Negative Sentiment: Regulatory risk: Indonesia’s plan to restrict high‑risk digital platforms for under‑16s could reduce engagement/monetization in that market if implemented broadly. Update: Indonesia Plans to Ban High-Risk Digital Platforms for Children Under 16
• Negative Sentiment: Insider activity: a recent CEO stock sale (~$9.86M) is a small negative signal investors sometimes watch; note this is routine for executives and not necessarily indicative of company health. Alphabet (NASDAQ:GOOG) CEO Sells $9,859,850.00 in Stock

Alphabet Company 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.