Procyon Advisors LLC Buys 2,819 Shares of Alphabet Inc. $GOOGL

Procyon Advisors LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,135 shares of the information services provider’s stock after acquiring an additional 2,819 shares during the period. Alphabet makes up approximately 0.5% of Procyon Advisors LLC’s holdings, making the stock its 15th largest holding. Procyon Advisors LLC’s holdings in Alphabet were worth $30,403,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cyndeo Wealth Partners LLC lifted its position in shares of Alphabet by 4.3% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 102,158 shares of the information services provider’s stock worth $31,975,000 after acquiring an additional 4,187 shares during the period. Panoramic Capital Partners LLC grew its holdings in shares of Alphabet by 1.7% during the 4th quarter. Panoramic Capital Partners LLC now owns 7,337 shares of the information services provider’s stock worth $2,296,000 after purchasing an additional 121 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. increased its position in shares of Alphabet by 51.1% during the fourth quarter. Henrickson Nauta Wealth Advisors Inc. now owns 5,722 shares of the information services provider’s stock valued at $1,799,000 after purchasing an additional 1,936 shares during the period. Everpar Advisors LLC increased its position in shares of Alphabet by 18.9% during the fourth quarter. Everpar Advisors LLC now owns 14,517 shares of the information services provider’s stock valued at $4,544,000 after purchasing an additional 2,306 shares during the period. Finally, Wisconsin Wealth Advisors LLC acquired a new position in shares of Alphabet in the fourth quarter valued at $232,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Expanded commercial AI partnerships that can drive Google Cloud adoption and future revenue: Openreach will use Google Cloud AI to speed UK fibre rollout and cut fleet emissions, signalling enterprise demand for Google’s AI services. Openreach taps Google AI to speed fibre rollout, cut emissions
• Positive Sentiment: Product/customer wins that validate Gemini and robotics strategy: Google’s DeepMind is partnering with Agile Robots to integrate Gemini Robotics models with hardware, and Gap will enable checkout inside Gemini — both are signs of commercial traction for Google’s AI stack. Google partners with Agile Robots, growing its AI robotics footprint Gap becomes the first major fashion company to offer checkout within Google’s Gemini
• Neutral Sentiment: Institutional / infrastructure deals show adoption but limited immediate impact on margins: BMO and CME are launching a tokenized cash platform with Google Cloud, a strategic enterprise use-case that supports long-term Cloud revenue diversification. BMO to launch tokenized cash platform with CME and Google Cloud
• Neutral Sentiment: New service rollouts expand optionality but are not yet material to revenue: Alphabet’s Wing plans Bay Area drone deliveries, illustrating continued experimentation in logistics and consumer services. Alphabet’s Wing to start drone delivery in San Francisco Bay Area
• Neutral Sentiment: Data items on short interest appear inconsistent/zero in the reports provided; treat as unreliable until exchanges confirm filings. (Multiple aggregated short-interest entries)
• Negative Sentiment: Regulatory and policy scrutiny of AI is a clear near-term risk: the EU competition/antitrust chief is meeting Alphabet’s CEO alongside other Big Tech leaders about AI dominance — increased regulatory oversight could pressure multiples or force business changes. EU antitrust chief meets Google, Meta, OpenAI, Amazon CEOs amidst AI scrutiny
• Negative Sentiment: Market sentiment and news flow are weighing on the stock today: several market pieces highlight the share decline and analyst commentary, which can amplify selling pressure even absent new fundamentals. Alphabet (GOOGL) Registers a Bigger Fall Than the Market: Important Facts to Note

Alphabet Stock Down 3.8%

Shares of NASDAQ GOOGL opened at $290.44 on Wednesday. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $349.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The business has a fifty day moving average of $316.12 and a two-hundred day moving average of $294.46. The stock has a market cap of $3.51 trillion, a PE ratio of 26.87, a PEG ratio of 1.77 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.25. The business 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%. As a group, equities research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were given a $0.21 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is 7.77%.

Analysts Set New Price Targets

Several brokerages recently commented on GOOGL. Piper Sandler reaffirmed an “overweight” rating and issued a $395.00 target price (up from $365.00) on shares of Alphabet in a research report on Thursday, February 5th. Rosenblatt Securities increased their price objective on shares of Alphabet from $279.00 to $357.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. HSBC raised their price objective on shares of Alphabet from $335.00 to $370.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Sanford C. Bernstein lifted their target price on shares of Alphabet from $305.00 to $335.00 and gave the company a “market perform” rating in a research report on Monday, February 2nd. Finally, KeyCorp set a $370.00 target price on shares of Alphabet and gave the company an “overweight” rating in a research note on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, forty-three have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $367.18.

Insider Activity

In other news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the sale, the director owned 4,631 shares of the company’s stock, valued at approximately $1,405,091.71. This trade represents a 18.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total transaction 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. This trade represents a 78.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,110,165 shares of company stock valued at $118,134,117. Corporate insiders own 11.55% of the company’s stock.

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.