Nicollet Investment Management Inc. Sells 4,640 Shares of Alphabet Inc. $GOOG

Nicollet Investment Management Inc. lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 6.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,031 shares of the information services provider’s stock after selling 4,640 shares during the quarter. Alphabet makes up approximately 5.6% of Nicollet Investment Management Inc.’s portfolio, making the stock its 4th largest holding. Nicollet Investment Management Inc.’s holdings in Alphabet were worth $17,300,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Robinson Smith Wealth Advisors LLC boosted its holdings in Alphabet by 1.8% in the third quarter. Robinson Smith Wealth Advisors LLC now owns 2,070 shares of the information services provider’s stock worth $504,000 after purchasing an additional 36 shares in the last quarter. Searle & CO. raised its holdings in Alphabet by 0.6% during the third quarter. Searle & CO. now owns 5,703 shares of the information services provider’s stock valued at $1,389,000 after buying an additional 36 shares in the last quarter. Navellier & Associates Inc. lifted its position in shares of Alphabet by 0.6% in the third quarter. Navellier & Associates Inc. now owns 5,846 shares of the information services provider’s stock worth $1,424,000 after buying an additional 36 shares during the last quarter. BankPlus Wealth Management LLC boosted its stake in shares of Alphabet by 1.2% during the 3rd quarter. BankPlus Wealth Management LLC now owns 3,143 shares of the information services provider’s stock worth $766,000 after acquiring an additional 37 shares in the last quarter. Finally, Activest Wealth Management boosted its stake in shares of Alphabet by 0.5% during the 3rd quarter. Activest Wealth Management now owns 7,997 shares of the information services provider’s stock worth $1,948,000 after acquiring an additional 38 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GOOG. Bank of America boosted their target price on Alphabet from $280.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $375.00 price objective on shares of Alphabet in a research note on Thursday, January 15th. Citigroup reaffirmed a “market outperform” rating on shares of Alphabet in a report on Wednesday, December 17th. Pivotal Research reiterated a “buy” rating and issued a $420.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, February 5th. Finally, Mizuho set a $325.00 price target on shares of Alphabet in a report on Thursday, October 30th. Nine analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $343.90.

Alphabet Stock Performance

NASDAQ GOOG opened at $310.92 on Wednesday. The company’s fifty day moving average is $321.06 and its two-hundred day moving average is $281.65. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $350.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a market capitalization of $3.76 trillion, a price-to-earnings ratio of 28.76, a P/E/G ratio of 1.83 and a beta of 1.10.

Alphabet (NASDAQ:GOOG) last released its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.23. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. During the same quarter last year, the company earned $2.15 earnings per share. The firm’s revenue was up 18.0% on a year-over-year basis. Equities research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is presently 7.77%.

Insider Buying and Selling at Alphabet

In related news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the company’s stock in a transaction on Friday, January 30th. The stock was 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 47,574 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the transaction, the insider directly owned 13,227 shares of the company’s stock, valued at approximately $3,987,279.15. This trade represents a 78.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,112,482 shares of company stock valued at $119,145,289 in the last quarter. 12.99% of the stock is currently owned by corporate insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts and deep-dive bullish takes argue AI-driven capex will widen Alphabet’s competitive moat — Q4 strength (18% revenue growth, 48% Cloud) supports faster recurring revenue and margin expansion, underpinning multi-hundred-dollar price targets. Read More.
• Positive Sentiment: Wells Fargo moved to a more constructive rating (upgrade/Overweight), part of a cluster of bullish analyst notes and raised price targets (median ~ $370), supporting upside expectations. Read More.
• Positive Sentiment: Deep strategic assets and partnerships (14% stake in Anthropic, early SpaceX stake, Gemini distribution across devices) are being highlighted as underappreciated value drivers that reinforce long-term upside. Read More.
• Positive Sentiment: Operationally supportive energy and data‑center deals: Google announced a 1.9GW clean-power backing (including a 100‑hour battery) and utilities (Xcel, AES) signed supply agreements for new data centers — reduces energy risk for large AI builds. Read More. and Read More.
• Neutral Sentiment: Industry context: Bridgewater estimates Big Tech will invest roughly $650B in AI this year — validates the sector capex trend that benefits hyperscalers but doesn’t single out winners. Read More.
• Negative Sentiment: Intensifying AI‑chip competition and trade‑secret tensions (Google vs. Nvidia, new entrants raising capital) could pressure costs and supplier dynamics — a nearer-term risk to margins and model-training economics. Read More. and Read More.
• Negative Sentiment: Investor concerns about the pace of AI capex hitting free cash flow and accounting scrutiny — social/analyst chatter and high-profile skepticism (Michael Burry) raise questions about FCF, depreciation, and reported margins. Read More. and Read More.
• Negative Sentiment: Recent insider selling activity (including CEO filings) is being noted by market participants and can sap near‑term sentiment despite institutional bullishness. Read More.

Alphabet Company 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.