Wrapmanager Inc. Lowers Holdings in Alphabet Inc. $GOOG

Wrapmanager Inc. trimmed its stake in Alphabet Inc. (NASDAQ:GOOG) by 22.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,603 shares of the information services provider’s stock after selling 4,693 shares during the quarter. Alphabet accounts for 1.2% of Wrapmanager Inc.’s portfolio, making the stock its 23rd biggest holding. Wrapmanager Inc.’s holdings in Alphabet were worth $4,044,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Alphabet by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 416,753,033 shares of the information services provider’s stock valued at $73,927,821,000 after purchasing an additional 5,182,111 shares in the last quarter. State Street Corp grew its holdings in shares of Alphabet by 1.3% during the second quarter. State Street Corp now owns 188,914,125 shares of the information services provider’s stock valued at $33,511,477,000 after buying an additional 2,428,266 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Alphabet by 0.4% during the second quarter. Geode Capital Management LLC now owns 107,760,033 shares of the information services provider’s stock valued at $19,022,926,000 after acquiring an additional 441,177 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Alphabet by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock valued at $24,240,469,000 after acquiring an additional 7,904,434 shares in the last quarter. Finally, Sanders Capital LLC raised its holdings in Alphabet by 6.4% in the 2nd quarter. Sanders Capital LLC now owns 35,357,943 shares of the information services provider’s stock worth $6,272,146,000 after acquiring an additional 2,117,990 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Activity at Alphabet

In other news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the company’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $306.73, for a total value of $184,038.00. Following the completion of the transaction, the director directly owned 20,624 shares in the company, valued at approximately $6,325,999.52. This represents a 2.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,112,482 shares of company stock valued at $119,145,289 in the last three months. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG opened at $307.15 on Friday. The firm has a market capitalization of $3.72 trillion, a P/E ratio of 28.41, a PEG ratio of 1.84 and a beta of 1.10. 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 Inc. has a one year low of $142.66 and a one year high of $350.15. The business has a fifty day moving average of $321.43 and a 200 day moving average of $282.05.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.23. The business had revenue of $113.83 billion for 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%.The business’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period last year, the firm posted $2.15 earnings per share. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

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

Analyst Ratings Changes

GOOG has been the topic of several recent analyst reports. Sanford C. Bernstein reiterated a “market perform” rating and set a $345.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Pivotal Research reaffirmed a “buy” rating and set a $420.00 price target (up from $400.00) on shares of Alphabet in a report on Thursday, February 5th. JPMorgan Chase & Co. increased their price objective on Alphabet from $385.00 to $395.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. TD Cowen reissued a “buy” rating and issued a $365.00 target price (up from $355.00) on shares of Alphabet in a research report on Thursday, February 5th. Finally, Loop Capital upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 18th. Nine investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $343.90.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Billionaire Stanley Druckenmiller meaningfully increased his fund’s stake in Alphabet for a second straight quarter, signaling confidence from a prominent investor likely tied to Alphabet’s AI/cloud momentum. Billionaire Stanley Druckenmiller Piled Into Alphabet and Amazon for a 2nd Consecutive Quarter and Dumped His Stake in Another “Magnificent Seven” Stock
• Positive Sentiment: South Korea approved Google’s request to export high‑precision map data, removing a long-standing barrier and opening a large market to Google Maps — a revenue and user-engagement positive for Search/Maps and local ad inventory. South Korea approves Google bid to export high-precision map data
• Positive Sentiment: Reports say Meta signed a multibillion‑dollar deal to rent Google’s TPUs to train new AI models — a validation of Google’s chip/cloud economics and a potential recurring revenue stream for Google Cloud. Google signs multibillion-dollar AI chip deal with Meta, Information reports
• Positive Sentiment: Google launched Nano Banana 2, a faster, more accurate AI image generator across Gemini and Search — another product upgrade that boosts user engagement and competitive positioning in generative AI. Google launches Nano Banana 2, updating its viral AI image generator
• Positive Sentiment: Waymo is expanding testing to Chicago and Charlotte as it scales robotaxi operations — positive optionality for Alphabet’s long‑term mobility business. Waymo to begin testing in Chicago and Charlotte
• Neutral Sentiment: Alphabet folded robotics software arm Intrinsic into Google — a consolidation that may streamline development but has limited immediate revenue impact. Former Alphabet ‘moonshot’ robotics company Intrinsic is folding into Google
• Neutral Sentiment: Wells Fargo reportedly upgraded Alphabet, adding a positive analyst voice that can support sentiment but may already be priced in given recent analyst activity. Alphabet (NASDAQ:GOOG) Upgraded at Wells Fargo & Company
• Negative Sentiment: More than 100 Google AI employees sent a letter opposing Gemini’s use for U.S. surveillance and some autonomous weapons, raising reputational/regulatory risk and potential internal constraints on certain AI deployments. Google Workers Seek ‘Red Lines’ on Military A.I., Echoing Anthropic
• Negative Sentiment: Report flags $662B of off‑balance‑sheet future data‑center lease obligations among hyperscalers, highlighting hidden infrastructure costs that could pressure margins as AI scale increases. Hidden AI Costs? Big Tech Hyperscalers Hold $662 Billion In Off-Balance-Sheet Data Center Leases: Report
• Negative Sentiment: Hedge fund MIG Capital trimmed its Class C stake, a small signal of profit‑taking or portfolio rebalancing that slightly offsets bullish flows. MIG Capital Cuts Alphabet Inc. Class C Stake

About Alphabet

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.