Independence Wealth Advisors LLC Purchases Shares of 6,656 Alphabet Inc. $GOOGL

Independence Wealth Advisors LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 6,656 shares of the information services provider’s stock, valued at approximately $2,083,000. Alphabet accounts for about 1.2% of Independence Wealth Advisors LLC’s portfolio, making the stock its 21st largest position.

Several other institutional investors also recently modified their holdings of the company. CIBC Bancorp USA Inc. acquired a new stake in Alphabet during the 3rd quarter valued at $416,217,000. Griffin Asset Management Inc. increased its holdings in shares of Alphabet by 13.9% in the third quarter. Griffin Asset Management Inc. now owns 58,731 shares of the information services provider’s stock valued at $14,277,000 after purchasing an additional 7,180 shares during the last quarter. Sovran Advisors LLC increased its holdings in shares of Alphabet by 23.6% in the third quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider’s stock valued at $5,401,000 after purchasing an additional 4,241 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its position in shares of Alphabet by 4.7% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 1,457,732 shares of the information services provider’s stock valued at $256,896,000 after purchasing an additional 65,439 shares during the period. Finally, Wright Investors Service Inc. lifted its stake in shares of Alphabet by 21.2% during the 3rd quarter. Wright Investors Service Inc. now owns 50,064 shares of the information services provider’s stock worth $12,171,000 after buying an additional 8,746 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. KeyCorp set a $370.00 target price on shares of Alphabet and gave the stock an “overweight” rating in a report on Thursday, February 5th. Daiwa Securities Group increased their price target on shares of Alphabet from $333.00 to $380.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research report on Monday, February 9th. Arete Research boosted their price objective on Alphabet from $380.00 to $405.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, Moffett Nathanson upped their target price on Alphabet from $305.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Three equities 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $367.18.

Alphabet Stock Performance

NASDAQ GOOGL opened at $280.86 on Friday. The firm has a 50-day moving average price of $314.18 and a two-hundred day moving average price of $294.34. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $349.00. The company has a market capitalization of $3.40 trillion, a P/E ratio of 25.98, a P/E/G ratio of 1.70 and a beta of 1.10. 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 (NASDAQ:GOOGL) last announced its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The company had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. Analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were given a dividend of $0.21 per share. The ex-dividend date of this dividend 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 is currently 7.77%.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $321.21, for a total value of $10,439,325.00. Following the completion of the transaction, the chief executive officer directly owned 2,244,372 shares of the company’s stock, valued at $720,914,730.12. The trade was a 1.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction on Monday, March 16th. The shares were sold at an average price of $303.41, for a total value of $318,580.50. Following the completion of the transaction, the director directly owned 4,631 shares of the company’s stock, valued at $1,405,091.71. This represents a 18.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,110,165 shares of company stock worth $118,134,117 in the last quarter. Insiders own 11.64% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI/product traction: Analysts note Alphabet’s AI-powered Search and Gemini engagement are picking up, supporting longer-term revenue upside from search and cloud monetization. Alphabet Relies on AI to Boost Search Growth: More Upside Ahead?
• Positive Sentiment: Analyst/upside support: MarketBeat and other brokers have been upgrading GOOGL and lifting price targets (consensus targets imply material upside), and Erste Group nudged FY26–27 EPS estimates higher — a tailwind for sentiment beyond short-term noise. Analyst Optimism: MarketBeat’s Most Upgraded Stocks of 2026
• Neutral Sentiment: Product breakthrough vs. market noise: Google’s TurboQuant/compression research (claims of big memory reductions for LLMs) is a technical win for Google’s AI efficiency but has sparked volatility in semiconductor/memory names and some ETF flows — ambiguous near-term impact for GOOGL equity. A Google AI breakthrough is pressuring memory chip stocks from Samsung to Micron
• Neutral Sentiment: ETF and positioning flows: New ETFs and covered-call strategies (e.g., JUDO) are reallocating into/away from AI and semiconductor exposures; this can amplify short-term moves but doesn’t change Alphabet’s underlying fundamentals. Nvidia, Alphabet, Microsoft Power New JUDO ETF — Can Covered Calls Supercharge Returns?
• Negative Sentiment: Landmark legal risk: A Los Angeles jury found YouTube (Alphabet) liable in a youth social-media addiction case, awarding compensatory damages and opening the door to broader litigation and regulatory scrutiny — a clear catalyst for selling pressure on big-tech names. US jury verdicts against Meta, Google tee up fight over tech liability shield
• Negative Sentiment: Technical/flow-driven weakness: The stock has broken key support levels and entered a correction phase, which amplifies downward momentum as quant/technical selling and option activity kick in. Alphabet Has Fallen 16% From Its Highs: Panic or Opportunity?
• Negative Sentiment: Regulatory/management churn in key markets: Google’s top India counsel resigned amid regulatory pressure, underscoring execution and policy risks in a major growth market. Google top India counsel quits in latest departure amid regulatory hurdles, sources say
• Negative Sentiment: Cost pressure risk: Geopolitical-driven energy price spikes raise near-term concerns about higher operating costs for energy-intensive AI/data-center operations. Why Alphabet (GOOGL) Shares Are Falling Today

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.