Okabena Investment Services Inc. Raises Holdings in Alphabet Inc. $GOOG

Okabena Investment Services Inc. increased its position in Alphabet Inc. (NASDAQ:GOOG) by 23.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 26,901 shares of the information services provider’s stock after purchasing an additional 5,151 shares during the period. Alphabet accounts for 1.3% of Okabena Investment Services Inc.’s investment portfolio, making the stock its 20th largest holding. Okabena Investment Services Inc.’s holdings in Alphabet were worth $6,540,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOG. Robinson Smith Wealth Advisors LLC boosted its position in shares of Alphabet by 1.8% during the 3rd quarter. Robinson Smith Wealth Advisors LLC now owns 2,070 shares of the information services provider’s stock valued at $504,000 after acquiring an additional 36 shares during the last quarter. Searle & CO. raised its stake in Alphabet by 0.6% during the third quarter. Searle & CO. now owns 5,703 shares of the information services provider’s stock valued at $1,389,000 after purchasing an additional 36 shares in the last quarter. Navellier & Associates Inc. lifted its position in Alphabet by 0.6% during the third quarter. Navellier & Associates Inc. now owns 5,846 shares of the information services provider’s stock valued at $1,424,000 after purchasing an additional 36 shares during the last quarter. BankPlus Wealth Management LLC grew its stake in shares of Alphabet by 1.2% in the 3rd quarter. BankPlus Wealth Management LLC now owns 3,143 shares of the information services provider’s stock worth $766,000 after buying an additional 37 shares in the last quarter. Finally, Activest Wealth Management increased its holdings in shares of Alphabet by 0.5% in the 3rd quarter. Activest Wealth Management now owns 7,997 shares of the information services provider’s stock worth $1,948,000 after buying an additional 38 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI is continuing to power revenue growth across Search and Google Cloud, supporting Alphabet’s longer‑term growth thesis and helping justify above‑consensus forecasts. Read More. and Read More.
• Positive Sentiment: Wall Street remains broadly constructive — multiple buy ratings and a median 6‑month price target well above the current level point to upside if growth continues to outpace expectations. Read More.
• Neutral Sentiment: Short‑interest reporting appears anomalous in the latest data (showing zero), so short‑interest signals are unclear this cycle; treat that data point with caution. (Data entry flagged 3/2).
• Neutral Sentiment: Technical traders are examining chart setups and momentum for timing trades around major indices and megacap tech; this can amplify intraday moves but is not a fundamental change. Read More.
• Neutral Sentiment: Alphabet’s long‑term bets (quantum computing, holdings in companies like AST SpaceMobile) reinforce its tech‑leadership narrative but have mixed near‑term return implications. Read More. and Read More.
• Negative Sentiment: Significant insider selling and large institutional reductions have been reported (notably large trims by some asset managers), which can create selling pressure and signal near‑term profit taking. Read More.
• Negative Sentiment: Rising capital expenditures are a key near‑term headwind — analysts and commentators flag a materially higher capex cycle (estimates up toward ~$200B in 2025), which could weigh on free cash flow and investor sentiment despite revenue growth. Read More. and Read More.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $319.50, for a total transaction of $10,383,750.00. Following the transaction, the chief executive officer owned 2,272,119 shares in the company, valued at approximately $725,942,020.50. This trade represents a 1.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $312.30, for a total value of $867,569.40. Following the completion of the sale, the chief accounting officer owned 8,962 shares of the company’s stock, valued at $2,798,832.60. The trade was a 23.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 2,111,426 shares of company stock valued at $118,810,470. Company insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GOOG. KeyCorp set a $370.00 price target on shares of Alphabet in a report on Thursday, February 5th. BNP Paribas Exane began coverage on Alphabet in a research report on Monday, November 24th. They set an “outperform” rating on the stock. TD Cowen reiterated a “buy” rating and issued a $365.00 target price (up from $355.00) on shares of Alphabet in a report on Thursday, February 5th. Royal Bank Of Canada reissued an “outperform” rating and set a $375.00 target price on shares of Alphabet in a research report on Thursday, January 15th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $400.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Nine research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $343.90.

Alphabet Stock Down 1.6%

NASDAQ:GOOG opened at $306.36 on Tuesday. The company has a market cap of $3.71 trillion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 1.82 and a beta of 1.10. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $350.15. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The stock has a fifty day simple moving average of $321.39 and a 200-day simple moving average of $284.65.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.59 by $0.23. The company had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The firm’s revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.15 EPS. Analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

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

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.