Penn Davis Mcfarland Inc. Sells 2,771 Shares of Alphabet Inc. $GOOG

Penn Davis Mcfarland Inc. trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 461,553 shares of the information services provider’s stock after selling 2,771 shares during the period. Alphabet comprises about 13.9% of Penn Davis Mcfarland Inc.’s holdings, making the stock its biggest holding. Penn Davis Mcfarland Inc.’s holdings in Alphabet were worth $144,835,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp lifted its stake in Alphabet by 1.3% during the second quarter. State Street Corp now owns 188,914,125 shares of the information services provider’s stock valued at $33,511,477,000 after buying an additional 2,428,266 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Alphabet by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock worth $24,240,469,000 after acquiring an additional 7,904,434 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Alphabet by 5.8% during the third quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider’s stock valued at $9,749,864,000 after acquiring an additional 2,209,203 shares during the period. Legal & General Group Plc lifted its position in shares of Alphabet by 0.7% in the 3rd quarter. Legal & General Group Plc now owns 32,583,332 shares of the information services provider’s stock valued at $7,935,671,000 after acquiring an additional 223,743 shares in the last quarter. Finally, Capital World Investors lifted its position in shares of Alphabet by 1.9% in the 3rd quarter. Capital World Investors now owns 28,625,464 shares of the information services provider’s stock valued at $6,971,769,000 after acquiring an additional 539,679 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of research analyst reports. Cantor Fitzgerald restated a “neutral” rating on shares of Alphabet in a report on Tuesday, January 20th. Royal Bank Of Canada reissued an “outperform” rating and set a $375.00 price target on shares of Alphabet in a research report on Thursday, January 15th. Jefferies Financial Group reissued a “buy” rating and issued a $365.00 price objective on shares of Alphabet in a research note on Monday, January 5th. Wells Fargo & Company upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $370.00 target price on shares of Alphabet in a research note on Tuesday, January 20th. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $345.71.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Broadcom signed a long‑term agreement to develop and supply Google’s future custom AI chips (through 2031) and expanded compute arrangements that also involve Anthropic — this secures a key supply chain component for Google’s next‑gen AI racks and supports Google Cloud/Gemini scale. Broadcom signs long-term deal to develop Google’s custom AI chips
• Positive Sentiment: Investor/analyst backing is resurfacing: billionaire/allocations (Druckenmiller, Ken Griffin mentions) and fresh analyst notes keep a constructive view on GOOGL’s AI and cloud growth — supportive for sentiment and demand for shares. Alphabet is a Top AI Stock Pick of Billionaire Ken Griffin
• Neutral Sentiment: Google adjusted Gemini pricing for different AI workloads — this gives developers more levers to trade cost vs. performance and could help adoption and monetization, but the revenue impact will depend on uptake and pricing mix. Google Adjusts Gemini Pricing for Different AI Workloads
• Negative Sentiment: Large planned 2026 capital spending (reports cite ~$175–$185B / ~$180B) is a double‑edged sword — it underpins AI/cloud leadership but will likely pressure margins and free cash flow in the near term. Nobody Believed In Alphabet: In 2026, It Faces Its Biggest Test
• Negative Sentiment: Shareholder and community pressure over water and power use at data centers is rising — potential project delays, cancellations or increased compliance costs are execution risks for expansion plans. Investors press Amazon, Microsoft and Google on water, power use in US data centers
• Negative Sentiment: Reports that Google’s AI “Overviews” can be manipulated by scammers have triggered anti‑spam fixes — a reminder that product reliability and user trust issues could impact search experience and ad monetization if not fully resolved. Alphabet Faces AI Overview Fraud Questions
• Negative Sentiment: Visible insider selling and mixed institutional flows (large rebalances reported) add a technical/headline headwind that can amplify short‑term volatility despite strong fundamentals. Quiver Quantitative summary of opinions and insider activity

Insider Buying and Selling

In other news, insider John Kent Walker sold 8,993 shares of the stock in a transaction on Friday, March 27th. The shares were sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the transaction, the insider owned 51,808 shares in the company, valued at $14,293,309.12. This represents a 14.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 617 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the transaction, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. This represents a 5.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 2,101,844 shares of company stock valued at $115,147,751. 12.99% of the stock is owned by company insiders.

Alphabet Trading Up 1.1%

NASDAQ GOOG opened at $297.66 on Tuesday. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $350.15. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $3.60 trillion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 1.80 and a beta of 1.13. The firm’s fifty day simple moving average is $308.28 and its 200-day simple moving average is $297.57.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.23. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The company had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. During the same period in the prior year, the firm posted $2.15 EPS. The business’s revenue was up 18.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were paid a $0.21 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is 7.77%.

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.