O Neil Global Advisors Inc. Reduces Stake in Alphabet Inc. $GOOGL

O Neil Global Advisors Inc. lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 15.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 29,447 shares of the information services provider’s stock after selling 5,531 shares during the period. Alphabet accounts for about 1.3% of O Neil Global Advisors Inc.’s portfolio, making the stock its 14th biggest position. O Neil Global Advisors Inc.’s holdings in Alphabet were worth $7,159,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GOOGL. Financial Gravity Companies Inc. acquired a new stake in shares of Alphabet in the second quarter worth $31,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Alphabet during the third quarter valued at $53,000. Corsicana & Co. purchased a new stake in Alphabet in the third quarter valued at $54,000. Sellwood Investment Partners LLC purchased a new stake in Alphabet in the third quarter valued at $63,000. Finally, Vermillion & White Wealth Management Group LLC grew its position in Alphabet by 37.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock worth $57,000 after purchasing an additional 89 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Large cloud commercial win — CVS will deploy an AI‑enabled health platform on Google Cloud, validating enterprise demand for recurring cloud/AI revenue and supporting the Google Cloud/Gemini growth story. CVS taps Google Cloud
• Positive Sentiment: AI partnership continuity — Google said Anthropic will remain available for non‑defense projects after DoD actions, limiting disruption to Alphabet’s access to Anthropic models and enterprise AI offerings. Google says Anthropic remains available
• Positive Sentiment: Analyst and institutional support — Robert W. Baird lifted its price target to $380 and other firms have boosted targets/ratings recently, reinforcing buy narratives and upside vs. the current price. Baird raises price target
• Neutral Sentiment: Small insider sales — filings show modest sales by a director and the CAO; routine disclosures that markets note but are not large enough to signal strategic conviction changes. SEC filing — insider sales
• Neutral Sentiment: Market commentary on recent pullback — coverage (e.g., Zacks) highlights the stock’s slide since earnings and asks whether it can rebound, offering investor viewpoints but no new company fundamentals. Zacks — can it rebound?
• Negative Sentiment: Legal/PR overhang: a wrongful‑death lawsuit alleges harmful guidance from the Gemini chatbot, raising potential liability, regulatory scrutiny and reputational risk for Alphabet’s core AI investment thesis. Gemini wrongful‑death lawsuit
• Negative Sentiment: Autonomous‑vehicle scrutiny — the NHTSA/NHTSA‑led safety forum and ongoing probes into Waymo incidents increase regulatory risk and operational uncertainty for the self‑driving unit. NHTSA self‑driving safety forum
• Negative Sentiment: App store revenue pressure — a settlement with Epic lowered Play Store commission rates (to ~20% + up to 5%), which could modestly reduce Play‑ecosystem take rates and near‑term revenue. Play Store commission cut
• Negative Sentiment: Macro/geopolitical pressure — recent tensions and tech pullbacks in affected markets (e.g., Dubai exposure) are weighing on large‑cap tech multiples, contributing to negative sentiment around GOOGL. Tech offices respond to U.S.-Iran tensions

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 955 shares of Alphabet stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the sale, the chief accounting officer owned 9,918 shares in the company, valued at $2,955,564. This trade represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frances Arnold sold 112 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $302.99, for a total transaction of $33,934.88. Following the sale, the director directly owned 18,418 shares of the company’s stock, valued at $5,580,469.82. This represents a 0.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,112,493 shares of company stock worth $118,605,094 in the last 90 days. 11.55% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on GOOGL. Truist Financial set a $385.00 price objective on Alphabet in a report on Thursday, February 5th. Guggenheim reaffirmed a “buy” rating and set a $375.00 target price (up from $330.00) on shares of Alphabet in a report on Monday, December 1st. Evercore reiterated an “outperform” rating and set a $400.00 price target (up from $325.00) on shares of Alphabet in a research report on Thursday, February 5th. Wells Fargo & Company set a $354.00 price target on Alphabet and gave the company an “equal weight” rating in a report on Thursday, February 5th. Finally, BNP Paribas Exane started coverage on shares of Alphabet in a research note on Monday, November 24th. They set an “outperform” rating and a $355.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, forty-three have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $367.18.

Alphabet Stock Performance

Shares of GOOGL stock opened at $298.80 on Monday. 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 $140.53 and a 12-month high of $349.00. The business’s 50 day moving average is $319.93 and its two-hundred day moving average is $286.87. The company has a market capitalization of $3.61 trillion, a P/E ratio of 27.64, a P/E/G ratio of 1.75 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.25. The business had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. Analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

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.