Smith Chas P & Associates PA Cpas Has $60.88 Million Stock Position in Alphabet Inc. $GOOG

Smith Chas P & Associates PA Cpas trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 43.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,965 shares of the information services provider’s stock after selling 188,461 shares during the quarter. Alphabet accounts for 5.3% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 2nd biggest holding. Smith Chas P & Associates PA Cpas’ holdings in Alphabet were worth $60,879,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after purchasing an additional 6,410 shares during the period. Ignite Planners LLC increased its holdings in shares of Alphabet by 1.0% during the second quarter. Ignite Planners LLC now owns 14,506 shares of the information services provider’s stock worth $2,697,000 after purchasing an additional 144 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Alphabet by 7.4% in the second quarter. Sequoia Financial Advisors LLC now owns 594,959 shares of the information services provider’s stock valued at $105,540,000 after buying an additional 41,132 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its stake in shares of Alphabet by 1.9% in the second quarter. Cassaday & Co Wealth Management LLC now owns 33,075 shares of the information services provider’s stock valued at $5,867,000 after buying an additional 620 shares during the period. Finally, Oakwell Private Wealth Management LLC grew its position in Alphabet by 11.9% during the second quarter. Oakwell Private Wealth Management LLC now owns 2,937 shares of the information services provider’s stock worth $521,000 after buying an additional 312 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Large enterprise deals and product momentum support revenue and TPU/cloud demand — Google Cloud wins (CVS AI health platform) and ongoing Gemini product updates reinforce the company’s commercial AI growth story. CVS taps Google Cloud to roll out AI-powered health platform
• Positive Sentiment: Large infrastructure demand signaled by Meta leasing Google TPUs — multibillion‑dollar TPU agreements point to durable cloud revenue from AI training customers. Meta leases Google AI chips
• Positive Sentiment: Strategic partnerships (reported Apple tie‑up) could deepen Gemini / cloud integration into iOS ecosystem, raising long‑term monetization potential. Gemini lawsuit and Apple deal reframe AI risk/reward
• Positive Sentiment: Analyst support remains constructive — Bank of America reaffirmed a Buy and $370 target, helping underpin bullish expectations for medium‑term upside. Bank of America maintains $370 PT
• Neutral Sentiment: Insider selling observed (small share disposals by a director and the CAO) — routine filings show modest reductions that investors monitor but that don’t indicate strategic distress. Insider sale filing
• Neutral Sentiment: Regulatory/legal uncertainty partly settles gameplay — Fortnite returns to Google Play worldwide, but with changed economics from the Epic settlement. That removes distribution uncertainty while altering long‑term service revenue. Fortnite returns to Google Play
• Negative Sentiment: Play Store commission cut — Google’s settlement with Epic reduces Play Store fees to roughly 20%, which could lower app‑store revenue and margins versus prior assumptions. Google lowers Play Store commissions
• Negative Sentiment: High‑profile Gemini lawsuit raises liability and regulatory risk — a wrongful‑death claim alleging harmful chatbot guidance increases uncertainty around consumer AI oversight and potential litigation costs. Gemini wrongful‑death lawsuit
• Negative Sentiment: Waymo safety/regulatory scrutiny and AI capex concerns — NTSB probes and reminders of heavy AI capital spending weigh on near‑term margins and sentiment. Waymo NTSB scrutiny AI capex pressure article

Alphabet Stock Down 0.8%

Shares of NASDAQ GOOG opened at $300.91 on Friday. The company has a market cap of $3.64 trillion, a price-to-earnings ratio of 27.84, a PEG ratio of 1.78 and a beta of 1.10. 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 Inc. has a 12 month low of $142.66 and a 12 month high of $350.15. The stock has a 50-day moving average price of $320.61 and a two-hundred day moving average price of $285.58.

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

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. Alphabet’s payout ratio is presently 7.77%.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $312.30, for a total value of $867,569.40. Following the completion of the transaction, the chief accounting officer directly owned 8,962 shares in the company, valued at approximately $2,798,832.60. This represents a 23.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business’s 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 sale, the chief executive officer owned 2,244,372 shares in the company, valued at $720,914,730.12. This represents a 1.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,079,993 shares of company stock valued at $108,745,244 over the last three months. 12.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on GOOG. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $375.00 price objective on shares of Alphabet in a report on Thursday, January 15th. Raymond James Financial raised Alphabet from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $315.00 to $400.00 in a research note on Thursday, January 22nd. Scotiabank reaffirmed an “outperform” rating and set a $400.00 price objective (up from $375.00) on shares of Alphabet in a research report on Thursday, February 5th. Sanford C. Bernstein reissued a “market perform” rating and issued a $345.00 target price on shares of Alphabet in a report on Thursday, February 5th. Finally, Piper Sandler restated an “overweight” rating and issued a $395.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Nine research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $343.90.

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.