LaFleur & Godfrey LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 7.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,755 shares of the information services provider’s stock after selling 2,410 shares during the quarter. LaFleur & Godfrey LLC’s holdings in Alphabet were worth $7,003,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GOOG. Clearstead Trust LLC boosted its holdings in shares of Alphabet by 20.9% in the third quarter. Clearstead Trust LLC now owns 23,371 shares of the information services provider’s stock valued at $5,692,000 after acquiring an additional 4,038 shares during the period. Curtis Advisory Group LLC increased its holdings in shares of Alphabet by 5.7% in the 3rd quarter. Curtis Advisory Group LLC now owns 14,847 shares of the information services provider’s stock valued at $3,616,000 after acquiring an additional 805 shares during the period. ROI Financial Advisors LLC purchased a new stake in Alphabet in the 3rd quarter valued at $247,000. Alteri Wealth LLC boosted its stake in Alphabet by 9.3% during the 3rd quarter. Alteri Wealth LLC now owns 10,798 shares of the information services provider’s stock worth $2,630,000 after purchasing an additional 919 shares during the period. Finally, TSA Wealth Managment LLC grew its position in Alphabet by 8.4% during the 3rd quarter. TSA Wealth Managment LLC now owns 1,288 shares of the information services provider’s stock worth $314,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.
Alphabet Stock Up 0.7%
Alphabet stock opened at $313.03 on Thursday. The stock’s 50 day moving average price is $321.36 and its 200 day moving average price is $281.87. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $350.15. The company has a market cap of $3.79 trillion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 1.82 and a beta of 1.10. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01.
Alphabet Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be paid a $0.21 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 7.77%.
Analyst Ratings Changes
GOOG has been the subject of a number of research reports. BNP Paribas Exane initiated coverage on shares of Alphabet in a report on Monday, November 24th. They issued an “outperform” rating for the company. Jefferies Financial Group restated a “buy” rating and issued a $365.00 price target on shares of Alphabet in a research report on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a research report on Wednesday, January 21st. Piper Sandler reiterated an “overweight” rating and issued a $395.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Finally, Canaccord Genuity Group upped their price target on Alphabet from $330.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Nine analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Alphabet currently has an average rating of “Buy” and a consensus target price of $343.90.
Read Our Latest Stock Report on GOOG
Insider Activity
In other Alphabet news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $19.00, for a total transaction 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 stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,818,524 shares of the company’s stock, valued at approximately $856,605,814.08. This trade represents a 1.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,112,482 shares of company stock valued at $119,145,289 in the last quarter. Insiders own 12.99% of the company’s stock.
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet is folding robotics‑software maker Intrinsic into Google, consolidating talent and tech from its “Other Bets” unit into the core business — a move that accelerates Google’s push into physical AI and could shorten commercialization timelines for robotics use cases. Former Alphabet ‘moonshot’ robotics company Intrinsic is folding into Google
- Positive Sentiment: Waymo is expanding on‑road testing to Chicago and Charlotte, signaling continued scaling of Waymo’s robotaxi commercialization efforts — potential long‑term revenue optionality and clearer path to monetization. Waymo to begin testing in Chicago and Charlotte
- Positive Sentiment: Gemini adoption is broadening: Samsung’s S26 demos show Gemini autonomously operating third‑party apps, underscoring device partnerships that expand distribution and revenue leverage for Google’s AI stack. Samsung’s S26 gives an advance look at what the Google-powered Apple Siri could do
- Positive Sentiment: Google announced a major clean‑power/data‑center push (1.9GW) including a 100‑hour iron‑battery, and related utility deals — improves energy resilience and long‑term margin/cost profile for hyperscale data centers. Google’s new 1.9GW clean energy deal includes massive 100-hour battery
- Positive Sentiment: Wells Fargo upgraded Alphabet to a stronger rating, supporting bullish analyst sentiment that can attract flows and underwrite higher multiples. Wells Fargo upgrades Alphabet (GOOG)
- Positive Sentiment: Analysis highlighting Alphabet’s hidden assets (stakes in Anthropic and SpaceX) reinforces a view of embedded upside beyond core Search/Cloud performance. Alphabet’s Quiet Edge: The Hidden Assets Powering Its Run
- Neutral Sentiment: Reuters reports Google will test showing rivals’ vertical search results more prominently across Europe to try to head off an EU antitrust fine — a pragmatic regulatory response but one that underscores ongoing legal risk in the region. Exclusive: Google to test changes to search results, source says as EU fine looms
- Neutral Sentiment: Google said it disrupted a China‑linked hacking group that targeted dozens of organizations — improves security posture and brand trust but has limited direct near‑term revenue impact. Google disrupts Chinese-linked hackers that attacked 53 groups globally
- Negative Sentiment: Russia fined Google ~22 million roubles for distributing VPN services on Google Play — a small hit financially but a reminder of geopolitical/regulatory costs in certain markets. Russia fines Google distributing VPN services, TASS reports
- Negative Sentiment: Headline noise: a report of insider selling and periodic short‑interest chatter has pressured sentiment in recent sessions; these items can weigh near‑term momentum even if fundamentals remain strong. Alphabet (NASDAQ:GOOG) Stock Price Down 1% on Insider Selling
About Alphabet
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.
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