Alphabet Inc. $GOOGL Shares Acquired by Clark Asset Management LLC

Clark Asset Management LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 17.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,141 shares of the information services provider’s stock after purchasing an additional 1,806 shares during the period. Clark Asset Management LLC’s holdings in Alphabet were worth $3,800,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CIBC Bancorp USA Inc. acquired a new position in Alphabet during the 3rd quarter worth approximately $416,217,000. Sovran Advisors LLC lifted its position in Alphabet by 23.6% during the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider’s stock worth $5,401,000 after acquiring an additional 4,241 shares in the last quarter. Wright Investors Service Inc. lifted its position in Alphabet by 21.2% during the 3rd quarter. Wright Investors Service Inc. now owns 50,064 shares of the information services provider’s stock worth $12,171,000 after acquiring an additional 8,746 shares in the last quarter. CIBC Asset Management Inc lifted its position in Alphabet by 3.8% during the 3rd quarter. CIBC Asset Management Inc now owns 1,666,577 shares of the information services provider’s stock worth $405,131,000 after acquiring an additional 60,831 shares in the last quarter. Finally, Belpointe Asset Management LLC lifted its position in Alphabet by 5.4% during the 3rd quarter. Belpointe Asset Management LLC now owns 72,608 shares of the information services provider’s stock worth $17,652,000 after acquiring an additional 3,740 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GOOGL has been the topic of several recent research reports. Robert W. Baird boosted their price target on Alphabet from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Raymond James Financial raised Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Rothschild & Co Redburn boosted their price target on Alphabet from $390.00 to $430.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Stifel Nicolaus set a $420.00 price target on Alphabet and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $450.00 target price (up from $375.00) on shares of Alphabet in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $405.94.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Anthropic committed to a multiyear purchase deal with Google Cloud reportedly worth about $200 billion over five years — a massive, long‑term revenue catalyst for Google Cloud and an endorsement of Alphabet’s AI infrastructure business. Anthropic commits to spending $200 billion on Google’s cloud and chips, The Information reports
• Positive Sentiment: Analysts kept raising targets and reiterating buys after strong Q1 results and cloud growth — notable lifts from firms including Citizens/JMP, New Street, China Renaissance, Daiwa and President Capital — supporting upside expectations. Citizens Jmp price target raise
• Positive Sentiment: Alphabet’s euro bond deal drew strong demand (orders well above the planned issuance), signaling institutional appetite to fund the company’s AI/capex plans without equity dilution. Alphabet taps euro bond market with six-tranche offering
• Positive Sentiment: Competitive moves: reports that Google will sell TPUs directly could expand its AI‑compute addressable market and pressure rivals (notably Nvidia) — a strategic push that investors view as positive for long‑term AI economics. Google Moves to Sell TPUs Directly
• Neutral Sentiment: The U.S. government and multiple AI firms (including Google/DeepMind) agreed to share pre‑release models for national‑security risk reviews — this increases oversight but also legitimizes Google as a trusted provider for sensitive use cases. What we know about US stress tests of Google, xAI and Microsoft AI models
• Neutral Sentiment: Market cap momentum story: coverage noted Alphabet closing the gap with Nvidia as one of the world’s largest companies, which can attract index and momentum flows but also draw headline volatility. Alphabet closes in on Nvidia’s spot as world’s biggest company
• Negative Sentiment: EU regulatory friction: a senior Google scientist warned EU regulators that proposed data‑sharing rules could expose user data — heightening European regulatory risk to search and AI data practices. Top Google scientist says EU data measures pose privacy risk for users
• Negative Sentiment: Labor and reputational risk: DeepMind/Google AI staff in the UK voted to unionize and workers have demanded recognition over military use of tech — potential operational, PR and execution risk for AI teams. UK Google DeepMind employees vote to unionize
• Negative Sentiment: Some sell‑side/independent calls temper enthusiasm (a downgrade from Freedom Capital and contrarian technical crash calls), which can amplify short‑term volatility despite strong fundamentals. Freedom Capital downgrade / Zacks

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $388.46 on Wednesday. Alphabet Inc. has a twelve month low of $147.84 and a twelve month high of $392.82. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.70 trillion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 1.71 and a beta of 1.26. The business has a 50 day simple moving average of $315.19 and a 200-day simple moving average of $309.67.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. As a group, equities research analysts expect that Alphabet Inc. will post 13.58 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a $0.22 dividend. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is presently 6.41%.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 102 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $371.00, for a total value of $37,842.00. Following the completion of the sale, the director directly owned 18,621 shares in the company, valued at approximately $6,908,391. The trade was a 0.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the completion of the sale, the chief executive officer owned 1,642,060 shares of the company’s stock, valued at $505,573,853.40. This trade represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 158,553 shares of company stock worth $47,951,856. Corporate insiders own 11.61% of the company’s stock.

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.