Maridea Wealth Management LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 40.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,079 shares of the information services provider’s stock after purchasing an additional 2,036 shares during the period. Maridea Wealth Management LLC’s holdings in Alphabet were worth $1,816,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in Alphabet by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 516,559,609 shares of the information services provider’s stock worth $91,033,300,000 after buying an additional 6,733,278 shares during the last quarter. State Street Corp grew its stake in shares of Alphabet by 1.8% in the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock worth $40,524,841,000 after acquiring an additional 4,008,374 shares during the period. Geode Capital Management LLC raised its holdings in shares of Alphabet by 3.1% during the second quarter. Geode Capital Management LLC now owns 141,615,284 shares of the information services provider’s stock valued at $24,857,017,000 after purchasing an additional 4,224,497 shares during the last quarter. Norges Bank bought a new position in Alphabet during the second quarter valued at approximately $21,944,208,000. Finally, Invesco Ltd. boosted its holdings in Alphabet by 1.2% in the second quarter. Invesco Ltd. now owns 44,151,820 shares of the information services provider’s stock worth $7,780,875,000 after purchasing an additional 503,306 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.
Alphabet Trading Down 1.0%
Alphabet stock opened at $303.58 on Wednesday. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $349.00. The firm has a market capitalization of $3.67 trillion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 1.79 and a beta of 1.10. The firm has a 50 day moving average of $320.71 and a 200 day moving average of $284.77. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11.
Alphabet Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid 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 is presently 7.77%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on GOOGL. Wedbush increased their price target on Alphabet from $360.00 to $370.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Piper Sandler reissued an “overweight” rating and issued a $395.00 target price (up from $365.00) on shares of Alphabet in a report on Thursday, February 5th. Arete Research raised their target price on Alphabet from $380.00 to $405.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Loop Capital upped their price target on shares of Alphabet from $320.00 to $355.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $400.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Three analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $366.57.
View Our Latest Research Report on Alphabet
Trending Headlines about Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Big, sustained AI and cloud investment supports long-term growth thesis: reports show Alphabet is among the large tech players pouring billions into AI infrastructure and chips, reinforcing expectations for continued revenue/market-share gains in AI services. Microsoft and Alphabet Spend Billions On AI: A Closer Look
- Positive Sentiment: Product and infrastructure wins — Google Cloud strong growth and strategic partnerships (including Rakuten integration and recent mapping/export approvals and clean-energy data centers) underline secular revenue drivers and operational resilience. Alphabet (GOOGL) Valuation Check As AI Infrastructure Push And Capex Plans Draw Investor Focus
- Neutral Sentiment: Heightened investor attention and analyst commentary keep stock in focus — multiple pieces note strong interest and differing views on valuation vs. capex plans; this raises volatility but not a clear directional signal. Alphabet Inc. (GOOG) is Attracting Investor Attention: Here is What You Should Know
- Neutral Sentiment: Short-interest data in feeds is showing anomalous/zero values and should be treated as noise rather than a market-moving signal for now.
- Negative Sentiment: Geopolitical risk hit sentiment today: tech firms temporarily closed Middle East offices and markets sold off amid rising U.S.-Iran tensions, prompting defensive positioning that weighs on high-beta, growth names like Alphabet. Nvidia, Amazon temporarily close Dubai offices, Google employees stranded amid U.S.-Iran war
- Negative Sentiment: Employee and policy scrutiny over military use of AI (letters and internal pressure) could complicate government contracts and public perception as Google negotiates over Gemini-related work with the Pentagon. Google employees call for military limits on AI amid Iran strikes, Anthropic fallout
- Negative Sentiment: Regulatory/safety risk from Waymo: the NTSB is probing incidents of Waymo vehicles illegally passing stopped school buses — a development that raises liability, regulatory scrutiny and reputational risk for Alphabet’s autonomous-vehicle ambitions. NTSB says Waymo robotaxis illegally passed stopped school buses in new incidents
Insider Buying and Selling at Alphabet
In related news, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $306.73, for a total transaction of $184,038.00. Following the sale, the director owned 20,624 shares of the company’s stock, valued at approximately $6,325,999.52. This trade represents a 2.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Kent Walker sold 47,574 shares of the company’s stock in a transaction that occurred 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 owned 13,227 shares of the company’s stock, valued at $3,987,279.15. The trade was a 78.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 2,078,926 shares of company stock valued at $108,426,720. 11.55% of the stock is currently owned by corporate 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.
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