Alphabet Inc. $GOOG Stake Cut by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 37.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 20,770 shares of the information services provider’s stock after selling 12,572 shares during the period. Alphabet accounts for about 2.8% of Pursue Wealth Partners LLC’s portfolio, making the stock its 9th largest position. Pursue Wealth Partners LLC’s holdings in Alphabet were worth $5,059,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. University of Illinois Foundation purchased a new stake in Alphabet during the 2nd quarter worth about $31,000. Manning & Napier Advisors LLC acquired a new stake in shares of Alphabet during the 3rd quarter worth about $32,000. Horrell Capital Management Inc. boosted its stake in shares of Alphabet by 100.0% during the 2nd quarter. Horrell Capital Management Inc. now owns 200 shares of the information services provider’s stock worth $35,000 after purchasing an additional 100 shares during the last quarter. LGT Financial Advisors LLC purchased a new stake in shares of Alphabet during the second quarter worth about $37,000. Finally, Briaud Financial Planning Inc acquired a new position in shares of Alphabet in the second quarter valued at approximately $39,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Big AI partnerships and product wins reinforce growth thesis — Google announced partnerships to build AI tools with Sea Ltd and is rolling music‑focused generative AI (Gemini) into consumer apps, underlining continued enterprise and consumer AI monetization opportunities. Google, Shopee-owner Sea to develop AI tools Google Gemini, Apple add music-focused generative AI features
• Positive Sentiment: Strategic infrastructure and international AI push — Alphabet unveiled the America‑India Connect initiative and committed substantial funding to an AI hub, supporting long‑term cloud and data‑center demand for Google Cloud. Alphabet Unveils America-India Connect
• Positive Sentiment: Street bullishness on AI growth — Analysts and newsletters have issued upgrades and higher targets (including a Seeking Alpha/TipRanks bullish take and DZ Bank strong‑buy), which supports upside expectations for ad, cloud and Gemini monetization. Gemini and Google Cloud analysis TipRanks price-target note
• Neutral Sentiment: Product/partner news with limited near‑term revenue impact — Google launched the $499 Pixel 10a and a Google Cloud partner (Alludium) gained Select status; useful for ecosystem depth but unlikely to move near‑term earnings materially. Google debuts $499 Pixel 10a Alludium Google Cloud Select partner
• Negative Sentiment: Regulatory/headline risk for Waymo — New York dropped a robotaxi expansion plan outside NYC, and Waymo faces scrutiny over remote assistance practices; any regulatory constraints or reputational hits could slow Waymo commercialization and raise costs. NY drops robotaxi proposal
• Negative Sentiment: Capital‑structure and capex concerns — Coverage flagged Alphabet’s issuance of an unusually long‑dated financing (100‑year bond) and the company’s very large AI/data‑center CapEx outlook; investors worry near‑term margins and free cash flow could be pressured even if the long‑term moat strengthens. 100-year bond analysis CapEx discussion
• Negative Sentiment: Institutional trimming & insider selling — Several funds trimmed positions in 13F filings and a director sold a small block; combined with profit‑taking after the strong run, this adds selling pressure despite longer‑term buyers. Director sale filing

Analyst Ratings Changes

Several research firms have commented on GOOG. BMO Capital Markets reaffirmed an “outperform” rating and issued a $400.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Raymond James Financial upgraded Alphabet from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $315.00 to $400.00 in a report on Thursday, January 22nd. Scotiabank reiterated an “outperform” rating and issued a $400.00 target price (up from $375.00) on shares of Alphabet in a research note on Thursday, February 5th. KeyCorp set a $370.00 target price on Alphabet in a research report on Thursday, February 5th. Finally, DZ Bank upgraded Alphabet to a “strong-buy” rating in a report on Monday. Eight research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $343.90.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $312.30, for a total transaction of $867,569.40. Following the completion of the sale, the chief accounting officer directly owned 8,962 shares of the company’s stock, valued at approximately $2,798,832.60. This represents a 23.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 47,574 shares of the company’s stock in a transaction dated 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 directly owned 13,227 shares of the company’s stock, valued at approximately $3,987,279.15. The trade was a 78.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 2,079,982 shares of company stock worth $109,267,889. Insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOG opened at $303.56 on Friday. 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 1-year low of $142.66 and a 1-year high of $350.15. The firm has a market capitalization of $3.67 trillion, a P/E ratio of 28.08, a P/E/G ratio of 1.78 and a beta of 1.10. The business’s 50-day simple moving average is $320.86 and its 200-day simple moving average is $278.09.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.23. The firm had revenue of $113.83 billion during 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 company’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.15 EPS. Equities analysts predict 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. Stockholders of record on Monday, March 9th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is currently 7.77%.

Alphabet Profile

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.