Zevenbergen Capital Investments LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 27.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 251,637 shares of the information services provider’s stock after buying an additional 54,073 shares during the period. Alphabet accounts for 1.8% of Zevenbergen Capital Investments LLC’s portfolio, making the stock its 17th largest holding. Zevenbergen Capital Investments LLC’s holdings in Alphabet were worth $78,762,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. PMV Capital Advisers LLC acquired a new position in Alphabet during the fourth quarter valued at approximately $38,000. iSAM Funds UK Ltd acquired a new position in Alphabet during the third quarter valued at approximately $53,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Alphabet during the third quarter valued at approximately $53,000. Corsicana & Co. acquired a new position in Alphabet during the third quarter valued at approximately $54,000. Finally, Sellwood Investment Partners LLC acquired a new position in Alphabet during the third quarter valued at approximately $63,000. Institutional investors and hedge funds own 40.03% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the company. Rosenblatt Securities increased their price target on Alphabet from $279.00 to $357.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. BMO Capital Markets restated an “outperform” rating and issued a $400.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Wells Fargo & Company lowered their price objective on shares of Alphabet from $397.00 to $361.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Royal Bank Of Canada raised their price objective on shares of Alphabet from $375.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Finally, Daiwa Securities Group raised their price objective on shares of Alphabet from $333.00 to $380.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Three investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $367.33.
More Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Broadcom signed a multi‑year deal to design and supply Google’s custom AI chips and other components through 2031, improving Google’s hardware roadmap and supply visibility for its large‑scale AI racks — a direct support to Google Cloud and AI capacity planning. Broadcom signs long-term deal to develop Google’s custom AI chips
- Positive Sentiment: Broadcom’s expanded collaboration also covers supplying computing capacity (and chips) tied to Google’s infrastructure and includes Anthropic access — this can monetize Google’s AI racks and support third‑party workloads running on Google’s platform. Broadcom agrees to expanded chip deals with Google, Anthropic
- Positive Sentiment: A Wall Street analyst reiterated a constructive outlook and updated price target on Alphabet, signaling continued institutional support despite near‑term operational questions in some units. Wall Street analyst updates Google stock price target
- Positive Sentiment: Alphabet stands to benefit materially if SpaceX’s IPO values the company’s early stake highly — analysts have flagged a potential multibillion‑dollar windfall that would bolster Alphabet’s balance sheet. 2 Stocks About To Make a Killing on the SpaceX IPO
- Neutral Sentiment: Broader AI market commentary highlights Alphabet among a handful of mega‑caps driving AI investment and sentiment; such macro positioning supports long‑term narrative but is already priced into multiples. Nvidia, Apple, Alphabet, Amazon, and Microsoft Are Sending Shockwaves Through Wall Street With This $16 Billion Warning
- Neutral Sentiment: Competition and supply dynamics: Intel is pursuing advanced packaging conversations with Amazon and Google, which could alter future chip supply/packaging choices for hyperscalers — watch for execution and cost implications. Intel Targets Amazon, Google on AI Chip Packaging
- Negative Sentiment: The New York Times raised questions about the accuracy and sourcing of Google’s AI “overviews,” which increases reputational and potential regulatory risk around generative search features — a readiness risk for user trust and moderation costs. How Accurate Are Google’s A.I. Overviews?
- Negative Sentiment: Investors are pressing Google on water and power usage at U.S. data centers; recent project cancellations and shareholder scrutiny could increase operational constraints or delay capacity expansion. Investors press Amazon, Microsoft and Google on water, power use in US data centers
- Negative Sentiment: Insider selling by Alphabet’s CAO (modest size) was reported; while not large, these disclosures can add short‑term negative sentiment headlines. Insider Selling: Alphabet CAO Sells Stock
Insider Transactions at Alphabet
In related news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $19.00, for a total value of $35,060,852.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total value 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. The SEC filing for this sale provides additional information. Insiders sold 2,101,844 shares of company stock valued at $115,147,751 in the last ninety days. 11.64% of the stock is owned by company insiders.
Alphabet Stock Up 1.4%
Shares of GOOGL stock opened at $299.99 on Tuesday. The stock has a market cap of $3.63 trillion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 1.81 and a beta of 1.12. Alphabet Inc. has a one year low of $140.53 and a one year high of $349.00. The stock has a fifty day moving average price of $308.62 and a 200 day moving average price of $297.26. 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 (NASDAQ:GOOGL – Get Free Report) last issued its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.57 by $0.25. The firm 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 predict that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is 7.77%.
About Alphabet
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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