Waldron Private Wealth LLC Has $10.37 Million Position in Alphabet Inc. $GOOGL

Waldron Private Wealth LLC cut its stake in Alphabet Inc. (NASDAQ:GOOGL) by 6.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 33,142 shares of the information services provider’s stock after selling 2,291 shares during the period. Waldron Private Wealth LLC’s holdings in Alphabet were worth $10,374,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in Alphabet in the second quarter valued at approximately $21,944,208,000. Berkshire Hathaway Inc bought a new position in shares of Alphabet during the third quarter worth $4,338,397,000. Laurel Wealth Advisors LLC grew its holdings in shares of Alphabet by 17,667.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 15,245,075 shares of the information services provider’s stock valued at $2,686,640,000 after buying an additional 15,159,273 shares during the period. Capital World Investors increased its position in shares of Alphabet by 28.0% in the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock valued at $12,910,542,000 after buying an additional 11,605,785 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of Alphabet by 15.7% in the 3rd quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider’s stock valued at $12,333,076,000 after buying an additional 6,874,381 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

NASDAQ:GOOGL opened at $295.77 on Friday. The stock has a 50-day simple moving average of $309.29 and a 200 day simple moving average of $296.27. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $349.00. The company has a market cap of $3.58 trillion, a PE ratio of 27.36, a PEG ratio of 1.81 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.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. The firm had revenue of $113.83 billion during 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%. On average, sell-side analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts remain constructive — Wells Fargo kept an overweight rating (while trimming targets), and other outlets highlight Buy/Outperform views that point to meaningful upside from cloud/AI monetization. Wells Fargo Raised the PT on Alphabet Inc (GOOGL), Maintains a Buy Rating
• Positive Sentiment: Product/efficiency wins: Google’s Gemma 4 and the TurboQuant algorithm reduce model memory needs and improve on?device/model efficiency — strengthens competitive moat and could lower operating costs for AI services. Google’s Gemma 4 brings AI superpowers to your device Google’s TurboQuant Breakthrough Just Rewrote the AI Playbook
• Positive Sentiment: Fundamental/earnings confidence: coverage from Zacks and others flags Alphabet’s earnings growth and price strength as reasons to watch the stock heading into earnings season. Earnings Growth & Price Strength Make Alphabet (GOOGL) a Stock to Watch
• Neutral Sentiment: Talent movement: Broadcom named Alphabet executive Amie Thuener as its next CFO — notable departure to monitor but not an immediate earnings event. Broadcom taps Alphabet executive Amie Thuener as next CFO
• Negative Sentiment: Regulatory probe in Turkey: the Turkish Competition Board opened an investigation into Google’s advertising and billing practices — potential fines, business restrictions or remediation costs could hit ad revenue/operations in the region. Turkey launches investigation into Google over advertising, billing practices
• Negative Sentiment: Legal risk rises as Section 230 liability narrows: recent court losses for platforms (including YouTube/Google units) increase the probability of costly litigation and moderation compliance burdens. Meta, Google under attack as court cases bypass 30-year-old legal shield
• Negative Sentiment: Near?term cash?flow and capex concern: industry commentary warns that hyperscaler AI capex could push Google’s free cash flow toward zero next year — elevates execution and financing risk until monetization of AI investments scales. Semianalysis CEO: Google’s free cash flow will hit zero next year from AI capex
• Negative Sentiment: Operational/ESG risk from data?center power strategy: reporting that hyperscalers (including Google) are building large natural?gas plants to power AI centers raises reputational, regulatory and long?term transition risks. AI companies are building huge natural gas plants to power data centers. What could go wrong?
• Negative Sentiment: Insider selling: an SEC filing shows a senior exec sold ~9k shares in late March — modest in dollar terms but can be read negatively by short?term traders. Insider Selling: Alphabet (NASDAQ:GOOGL) Insider Sells 8,993 Shares of Stock

Analyst Ratings Changes

Several research firms have weighed in on GOOGL. Arete Research lifted their target price on Alphabet from $380.00 to $405.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Citizens Jmp reiterated a “market outperform” rating and set a $385.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on Alphabet from $370.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. UBS Group set a $348.00 target price on shares of Alphabet and gave the stock a “neutral” rating in a report on Thursday, February 5th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, February 16th. Three investment analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $367.33.

Insider Buying and Selling at Alphabet

In other Alphabet news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of Alphabet stock in a transaction on Friday, January 30th. The shares were sold at an average price of $19.00, for a total value of $35,060,852.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the sale, the chief executive officer directly owned 2,818,524 shares in the company, valued at $856,605,814.08. This trade represents a 1.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,101,844 shares of company stock worth $115,147,751 in the last three months. 11.64% of the stock is currently owned by company insiders.

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.