Thornburg Investment Management Inc. Reduces Stock Holdings in Alphabet Inc. $GOOGL

Thornburg Investment Management Inc. reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 513,429 shares of the information services provider’s stock after selling 18,507 shares during the period. Alphabet makes up 1.6% of Thornburg Investment Management Inc.’s holdings, making the stock its 15th largest position. Thornburg Investment Management Inc.’s holdings in Alphabet were worth $124,815,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Delta Asset Management LLC TN raised its position in shares of Alphabet by 0.6% in the 3rd quarter. Delta Asset Management LLC TN now owns 6,153 shares of the information services provider’s stock valued at $1,496,000 after purchasing an additional 37 shares during the last quarter. Matisse Capital grew its position in Alphabet by 0.3% during the 3rd quarter. Matisse Capital now owns 14,814 shares of the information services provider’s stock worth $3,601,000 after purchasing an additional 38 shares during the last quarter. Rialto Wealth Management LLC increased its stake in Alphabet by 1.7% during the 3rd quarter. Rialto Wealth Management LLC now owns 2,226 shares of the information services provider’s stock valued at $541,000 after purchasing an additional 38 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in shares of Alphabet by 0.5% in the third quarter. Hodges Capital Management Inc. now owns 6,963 shares of the information services provider’s stock worth $1,693,000 after buying an additional 38 shares during the last quarter. Finally, Wilkins Miller Wealth Management LLC raised its holdings in shares of Alphabet by 0.9% in the third quarter. Wilkins Miller Wealth Management LLC now owns 4,052 shares of the information services provider’s stock worth $985,000 after buying an additional 38 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Up 0.2%

Shares of GOOGL opened at $307.04 on Wednesday. The company has a market capitalization of $3.71 trillion, a price-to-earnings ratio of 28.40, a PEG ratio of 1.79 and a beta of 1.10. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $349.00. The stock’s 50-day moving average price is $319.65 and its 200-day moving average price is $288.33. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) 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 company had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. On average, sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

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. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio is 7.77%.

Insider Activity

In related news, Director Frances Arnold sold 112 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $302.99, for a total transaction of $33,934.88. Following the sale, the director owned 18,418 shares in the company, valued at approximately $5,580,469.82. This trade represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction on Tuesday, February 17th. The shares were 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 of the company’s stock, valued at $3,987,279.15. The trade was a 78.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,112,493 shares of company stock valued at $118,605,094 in the last three months. Corporate insiders own 11.55% of the company’s stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Canal+ signed a multi‑year deal to use Google Cloud’s generative AI across production and streaming (content recommendation and video production), a direct revenue and platform‑adoption win for Google Cloud. Canal+ taps Google’s AI for video production, content recommendation
• Positive Sentiment: Broader media interest in AI (e.g., Netflix’s AI efforts followed by Canal+) reinforces recurring‑revenue and platform opportunities for Google’s AI/ads stack. This narrative supports upside for Cloud and Ads monetization. Netflix’s AI Drive Followed by This TV Group. It Just Struck a Deal With Google.
• Positive Sentiment: An analyst upgrade is cited as pushing trading momentum higher today, lending short‑term bullish catalyst and validating near‑term expectations for Cloud/AI growth. Alphabet (NASDAQ:GOOGL) Trading 2.6% Higher on Analyst Upgrade
• Positive Sentiment: MarketBeat technical/flow analysis highlights a pullback to ~$300 as a defended support, plus continued institutional inflows and lofty analyst price targets — a constructive backdrop for investors viewing the dip as a buying opportunity. Alphabet’s Pullback May Be Opening a New Entry Point
• Neutral Sentiment: Google is expanding AI agent tooling for the Pentagon and civilian use (Agent Designer / GenAI.mil). This can drive cloud/AI spend but raises policy and reputational complexity amid legal disputes involving other AI vendors. Google deepens Pentagon AI push after Anthropic sues Trump administration
• Neutral Sentiment: Google is part of industry efforts (with Tesla and others) on grid/utilization initiatives — long‑term strategic but unlikely to move near‑term revenue materially. Google and Tesla think we’re managing the electrical grid all wrong
• Negative Sentiment: Microsoft’s dual‑model AI strategy and deep Anthropic/OpenAI ties reinforce Azure’s competitive edge for enterprise AI workloads, representing a meaningful cloud/AI market risk for Google. Microsoft Positioned to Win AI Race With Dual-Model Strategy (GOOGL)
• Negative Sentiment: Scrutiny over Sundar Pichai’s $692M compensation package tied to unprofitable “moonshot” targets may raise governance concerns among some investors. Alphabet CEO Sundar Pichai’s new $692 million compensation package hinges on the success of two Google moonshots that aren’t making any money

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GOOGL. President Capital boosted their price objective on shares of Alphabet from $323.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Citigroup lifted their price target on Alphabet from $350.00 to $390.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Citizens Jmp restated a “market outperform” rating and issued a $385.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $370.00 target price on shares of Alphabet in a report on Thursday, February 5th. Finally, Truist Financial set a $385.00 target price on Alphabet in a research report on Thursday, February 5th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $367.18.

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.