Magnus Financial Group LLC Cuts Stake in Alphabet Inc. $GOOGL

Magnus Financial Group LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,047 shares of the information services provider’s stock after selling 5,047 shares during the quarter. Alphabet comprises approximately 1.0% of Magnus Financial Group LLC’s portfolio, making the stock its 25th biggest position. Magnus Financial Group LLC’s holdings in Alphabet were worth $12,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Delta Asset Management LLC TN lifted its holdings 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 worth $1,496,000 after acquiring an additional 37 shares during the last quarter. Second Line Capital LLC grew its holdings in Alphabet by 0.8% during the 3rd quarter. Second Line Capital LLC now owns 4,417 shares of the information services provider’s stock valued at $1,074,000 after purchasing an additional 37 shares during the last quarter. Matisse Capital grew its holdings in Alphabet by 0.3% during the 3rd quarter. Matisse Capital now owns 14,814 shares of the information services provider’s stock valued at $3,601,000 after purchasing an additional 38 shares during the last quarter. Rialto Wealth Management LLC raised its position in Alphabet by 1.7% in the 3rd quarter. Rialto Wealth Management LLC now owns 2,226 shares of the information services provider’s stock worth $541,000 after purchasing an additional 38 shares during the period. Finally, Hodges Capital Management Inc. raised its position in Alphabet by 0.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 6,963 shares of the information services provider’s stock worth $1,693,000 after purchasing an additional 38 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on GOOGL. Needham & Company LLC restated a “buy” rating and set a $400.00 target price on shares of Alphabet in a research report on Friday, March 13th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a report on Monday, February 9th. Wolfe Research raised their price target on Alphabet from $380.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Piper Sandler restated an “overweight” rating and set a $395.00 price objective (up from $365.00) on shares of Alphabet in a report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Strong Buy rating, forty-three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $367.18.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Expanded commercial AI partnerships that can drive Google Cloud adoption and future revenue: Openreach will use Google Cloud AI to speed UK fibre rollout and cut fleet emissions, signalling enterprise demand for Google’s AI services. Openreach taps Google AI to speed fibre rollout, cut emissions
• Positive Sentiment: Product/customer wins that validate Gemini and robotics strategy: Google’s DeepMind is partnering with Agile Robots to integrate Gemini Robotics models with hardware, and Gap will enable checkout inside Gemini — both are signs of commercial traction for Google’s AI stack. Google partners with Agile Robots, growing its AI robotics footprint Gap becomes the first major fashion company to offer checkout within Google’s Gemini
• Neutral Sentiment: Institutional / infrastructure deals show adoption but limited immediate impact on margins: BMO and CME are launching a tokenized cash platform with Google Cloud, a strategic enterprise use-case that supports long-term Cloud revenue diversification. BMO to launch tokenized cash platform with CME and Google Cloud
• Neutral Sentiment: New service rollouts expand optionality but are not yet material to revenue: Alphabet’s Wing plans Bay Area drone deliveries, illustrating continued experimentation in logistics and consumer services. Alphabet’s Wing to start drone delivery in San Francisco Bay Area
• Neutral Sentiment: Data items on short interest appear inconsistent/zero in the reports provided; treat as unreliable until exchanges confirm filings. (Multiple aggregated short-interest entries)
• Negative Sentiment: Regulatory and policy scrutiny of AI is a clear near-term risk: the EU competition/antitrust chief is meeting Alphabet’s CEO alongside other Big Tech leaders about AI dominance — increased regulatory oversight could pressure multiples or force business changes. EU antitrust chief meets Google, Meta, OpenAI, Amazon CEOs amidst AI scrutiny
• Negative Sentiment: Market sentiment and news flow are weighing on the stock today: several market pieces highlight the share decline and analyst commentary, which can amplify selling pressure even absent new fundamentals. Alphabet (GOOGL) Registers a Bigger Fall Than the Market: Important Facts to Note

Alphabet Stock Down 3.8%

Shares of NASDAQ GOOGL opened at $290.44 on Wednesday. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $349.00. The firm has a market capitalization of $3.51 trillion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.77 and a beta of 1.10. The stock has a 50 day moving average price of $316.12 and a 200 day moving average price of $294.46. 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:GOOGL) last released its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.57 by $0.25. The company had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. Sell-side analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

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

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the sale, the insider directly owned 13,227 shares in the company, valued at $3,987,279.15. The trade was a 78.25% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 the company’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $19.00, for a total transaction of $35,060,852.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 2,110,165 shares of company stock worth $118,134,117. Corporate insiders own 11.55% of the company’s stock.

Alphabet Profile

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.