Telemark Asset Management LLC Acquires 20,000 Shares of Alphabet Inc. $GOOGL

Telemark Asset Management LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 66.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,000 shares of the information services provider’s stock after purchasing an additional 20,000 shares during the period. Telemark Asset Management LLC’s holdings in Alphabet were worth $12,155,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GOOGL. Financial Gravity Companies Inc. bought a new stake in Alphabet during the 2nd quarter valued at $31,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Alphabet during the 3rd quarter valued at $53,000. Corsicana & Co. bought a new stake in shares of Alphabet during the 3rd quarter valued at $54,000. Vermillion & White Wealth Management Group LLC lifted its holdings in Alphabet by 37.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock worth $57,000 after purchasing an additional 89 shares in the last quarter. Finally, S&T Bank PA boosted its stake in Alphabet by 40.2% in the 2nd quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock worth $61,000 after purchasing an additional 99 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Down 0.7%

NASDAQ GOOGL opened at $298.80 on Friday. The stock’s 50-day simple moving average is $319.93 and its two-hundred day simple moving average is $286.26. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $349.00. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $3.61 trillion, a price-to-earnings ratio of 27.64, a PEG ratio of 1.75 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.25. The company 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%. Research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is presently 7.77%.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 47,574 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 13,227 shares in the company, valued at $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $306.73, for a total value of $184,038.00. Following the transaction, the director directly owned 20,624 shares in the company, valued at $6,325,999.52. This trade represents a 2.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,112,493 shares of company stock valued at $118,605,094 over the last three months. 11.64% of the stock is currently owned by company insiders.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Large cloud commercial win — CVS will deploy an AI?enabled health platform on Google Cloud, validating enterprise demand for recurring cloud/AI revenue and supporting the Google Cloud/Gemini growth story. CVS taps Google Cloud
• Positive Sentiment: AI partnership continuity — Google said Anthropic will remain available for non?defense projects after DoD actions, limiting disruption to Alphabet’s access to Anthropic models and enterprise AI offerings. Google says Anthropic remains available
• Positive Sentiment: Analyst and institutional support — Robert W. Baird lifted its price target to $380 and other firms have boosted targets/ratings recently, reinforcing buy narratives and upside vs. the current price. Baird raises price target
• Neutral Sentiment: Small insider sales — filings show modest sales by a director and the CAO; routine disclosures that markets note but are not large enough to signal strategic conviction changes. SEC filing — insider sales
• Neutral Sentiment: Market commentary on recent pullback — coverage (e.g., Zacks) highlights the stock’s slide since earnings and asks whether it can rebound, offering investor viewpoints but no new company fundamentals. Zacks — can it rebound?
• Negative Sentiment: Legal/PR overhang: a wrongful?death lawsuit alleges harmful guidance from the Gemini chatbot, raising potential liability, regulatory scrutiny and reputational risk for Alphabet’s core AI investment thesis. Gemini wrongful?death lawsuit
• Negative Sentiment: Autonomous?vehicle scrutiny — the NHTSA/NHTSA?led safety forum and ongoing probes into Waymo incidents increase regulatory risk and operational uncertainty for the self?driving unit. NHTSA self?driving safety forum
• Negative Sentiment: App store revenue pressure — a settlement with Epic lowered Play Store commission rates (to ~20% + up to 5%), which could modestly reduce Play?ecosystem take rates and near?term revenue. Play Store commission cut
• Negative Sentiment: Macro/geopolitical pressure — recent tensions and tech pullbacks in affected markets (e.g., Dubai exposure) are weighing on large?cap tech multiples, contributing to negative sentiment around GOOGL. Tech offices respond to U.S.-Iran tensions

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Argus upped their price target on Alphabet from $365.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, February 6th. KeyCorp set a $370.00 target price on shares of Alphabet and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Pivotal Research raised their price target on shares of Alphabet from $400.00 to $420.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Mizuho upped their price target on shares of Alphabet from $400.00 to $410.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Finally, Raymond James Financial raised Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Three research 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $367.18.

Alphabet Company 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.