KMG Fiduciary Partners LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 5.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 185,673 shares of the information services provider’s stock after selling 10,627 shares during the period. Alphabet accounts for about 4.1% of KMG Fiduciary Partners LLC’s holdings, making the stock its 4th biggest position. KMG Fiduciary Partners LLC’s holdings in Alphabet were worth $58,116,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of GOOGL. Lifelong Wealth Advisors Inc. boosted its position in Alphabet by 1.9% during the fourth quarter. Lifelong Wealth Advisors Inc. now owns 1,728 shares of the information services provider’s stock valued at $541,000 after purchasing an additional 33 shares during the last quarter. Quantum Financial Advisors LLC increased its position in Alphabet by 0.3% in the 4th quarter. Quantum Financial Advisors LLC now owns 11,799 shares of the information services provider’s stock worth $3,693,000 after purchasing an additional 34 shares during the last quarter. Delta Asset Management LLC TN increased its position in 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 purchasing an additional 37 shares during the last quarter. Second Line Capital LLC raised its stake in shares of Alphabet by 0.8% during the 3rd quarter. Second Line Capital LLC now owns 4,417 shares of the information services provider’s stock worth $1,074,000 after purchasing an additional 37 shares in the last quarter. Finally, Matisse Capital raised its stake in shares of 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 in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Stifel Nicolaus reissued a “buy” rating and issued a $395.00 price target (up from $346.00) on shares of Alphabet in a research note on Thursday, February 5th. China Renaissance raised their price objective on shares of Alphabet from $330.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Wedbush lifted their target price on shares of Alphabet from $360.00 to $370.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Citigroup boosted their target price on shares of Alphabet from $350.00 to $390.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, Wolfe Research increased their price target on shares of Alphabet from $380.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Three investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $367.33.
More Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Analysts remain constructive: several outlets note continued Buy/Outperform ratings on Alphabet driven by cloud monetization and AI opportunity — Wells Fargo kept an overweight stance (while trimming targets), signaling upside remains despite lower PTs. Ahead of Meta, Alphabet earnings, Wells Fargo keeps overweight, cuts PTs
- Positive Sentiment: Market/analyst commentary highlights Alphabet’s AI upside — an Outperform rating specifically cites AI growth potential as a driver for long‑term revenue and cloud monetization. Alphabet (GOOGL) Rated Outperform on AI Growth Potential
- Positive Sentiment: Product & tech advances: coverage of Google’s Gemma 4 and reporting on the TurboQuant breakthrough reinforce Alphabet’s lead in model and efficiency advances — positive for future monetization and competitive moat. Google’s Gemma 4 brings AI superpowers to your device Google’s TurboQuant Breakthrough Just Rewrote the AI Playbook
- Neutral Sentiment: Talent movement: Broadcom named Alphabet executive Amie Thuener as its next CFO — a notable departure but not an earnings item; monitor succession and any operational impact. Broadcom taps Alphabet executive Amie Thuener as next CFO
- Negative Sentiment: Near‑term cash‑flow risk: Semianalysis’ CEO warned AI capex could push Google’s free cash flow toward zero next year, feeding investor worries about heavy, multi‑year spending before full monetization. Semianalysis CEO: Google’s free cash flow will hit zero next year from AI capex
- Negative Sentiment: Regulatory/reputational pressure: EU hospitality groups and child‑development experts are urging scrutiny of Google’s search rankings and AI video recommendations, raising potential regulatory and compliance risks in Europe and for YouTube. EU hospitality groups raise concerns over Google search rankings Experts urged Google to prohibit AI Videos targeting young YouTube users
- Negative Sentiment: Insider selling: An SEC filing shows a senior executive sold ~9k shares in late March — a modest but visible reduction in insider ownership that can prompt short‑term concern. John Kent Walker insider sale disclosure
Alphabet Stock Down 0.5%
GOOGL opened at $295.77 on Friday. The firm has a market cap of $3.58 trillion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 1.82 and a beta of 1.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The business has a 50 day moving average price of $309.93 and a 200 day moving average price of $295.97. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $349.00.
Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $111.24 billion. Research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors 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 dividend payout ratio (DPR) is presently 7.77%.
Insider Activity
In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the sale, the director directly owned 4,631 shares in the company, valued at $1,405,091.71. This represents a 18.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the firm’s stock in a transaction dated 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. Over the last 90 days, insiders have sold 2,101,227 shares of company stock valued at $114,969,050. 11.64% of the stock is owned by corporate insiders.
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.
See Also
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