Ramirez Asset Management Inc. Sells 4,030 Shares of Alphabet Inc. $GOOG

Ramirez Asset Management Inc. cut its position in Alphabet Inc. (NASDAQ:GOOG) by 30.2% in the third quarter, HoldingsChannel.com reports. The firm owned 9,310 shares of the information services provider’s stock after selling 4,030 shares during the quarter. Ramirez Asset Management Inc.’s holdings in Alphabet were worth $2,267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Foster Dykema Cabot & Partners LLC raised its position in shares of Alphabet by 1.9% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 33,912 shares of the information services provider’s stock valued at $8,259,000 after purchasing an additional 648 shares during the period. Chapman Financial Group LLC boosted its holdings in Alphabet by 0.4% in the 3rd quarter. Chapman Financial Group LLC now owns 23,759 shares of the information services provider’s stock worth $5,787,000 after buying an additional 90 shares during the period. Trustmark Bank Trust Department increased its stake in Alphabet by 0.5% in the 3rd quarter. Trustmark Bank Trust Department now owns 35,713 shares of the information services provider’s stock worth $8,698,000 after buying an additional 193 shares in the last quarter. Marietta Investment Partners LLC increased its stake in Alphabet by 33.7% in the 3rd quarter. Marietta Investment Partners LLC now owns 11,976 shares of the information services provider’s stock worth $2,917,000 after buying an additional 3,018 shares in the last quarter. Finally, Sunpointe LLC raised its holdings in Alphabet by 9.3% during the third quarter. Sunpointe LLC now owns 11,646 shares of the information services provider’s stock valued at $2,836,000 after acquiring an additional 990 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 32,500 shares of the firm’s 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 transaction, the chief executive officer directly owned 1,674,560 shares of the company’s stock, valued at approximately $508,028,012.80. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 955 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the completion of the sale, the chief accounting officer owned 9,918 shares in the company, valued at $2,955,564. This represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 2,112,493 shares of company stock worth $118,605,094. Insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GOOG shares. BNP Paribas Exane initiated coverage on Alphabet in a research report on Monday, November 24th. They issued an “outperform” rating on the stock. Wells Fargo & Company upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. DZ Bank raised Alphabet to a “strong-buy” rating in a research note on Monday, February 16th. Jefferies Financial Group reissued a “buy” rating and issued a $365.00 price target on shares of Alphabet in a report on Monday, January 5th. Finally, 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 note on Wednesday, January 7th. Nine 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Alphabet has an average rating of “Buy” and a consensus target price of $343.90.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Large enterprise/cloud wins and AI demand: Google Cloud deals (CVS health AI platform) and reported TPU leasing by Meta point to higher recurring cloud revenue and infrastructure utilization that support near‑term revenue growth. CVS taps Google Cloud Meta leases Google TPUs
• Positive Sentiment: Solid fundamentals/analyst support: Q4 results and earnings beats reinforce the “quality growth” narrative, and Bank of America’s reiterated Buy/$370 target keeps bull case intact. Q4 quality growth Bank of America maintains $370
• Neutral Sentiment: Anthropic access clarified: Google says Anthropic remains available for non‑defense uses after a DoD blacklist — this reduces near‑term disruption risk to customers but leaves policy uncertainty around defense contracts. Google on Anthropic availability
• Neutral Sentiment: Market narrative shifting: Analysts note GOOG’s strong 12‑month run has moved it from a “value” label to an execution/AI‑growth story — bullish if growth continues, but raises expectations. Forbes valuation piece
• Negative Sentiment: Geopolitical / physical risk to infrastructure: Reports that hyperscaler data centers are becoming military targets in the Iran war increase operational and security risk for cloud operations and potential outages. Data centers targeted
• Negative Sentiment: Regulatory/legal headwinds and fee cuts: The Epic Games settlement (lower Play Store commissions) and a high‑profile Gemini wrongful‑death lawsuit raise revenue/margin and liability concerns for consumer services. Play Store settlement Gemini lawsuit
• Negative Sentiment: Regulatory scrutiny on Waymo / AV safety and technical/short‑term chart pressure: NTSB/industry scrutiny of autonomous‑vehicle safety plus technical analysts calling a short thesis add to near‑term selling pressure. Waymo NTSB scrutiny Chart short thesis

Alphabet Stock Down 0.9%

GOOG opened at $298.30 on Friday. The company has a market capitalization of $3.61 trillion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10. The firm has a 50-day simple moving average of $320.28 and a two-hundred day simple moving average of $286.23. 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 Inc. has a 52 week low of $142.66 and a 52 week high of $350.15.

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

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid a $0.21 dividend. 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 payout ratio is presently 7.77%.

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.