Alphabet Inc. $GOOGL is Hohimer Wealth Management LLC’s 9th Largest Position

Hohimer Wealth Management LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 3.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 43,773 shares of the information services provider’s stock after selling 1,747 shares during the period. Alphabet accounts for about 1.5% of Hohimer Wealth Management LLC’s portfolio, making the stock its 9th largest position. Hohimer Wealth Management LLC’s holdings in Alphabet were worth $10,641,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Financial Gravity Companies Inc. purchased a new position in Alphabet in the 2nd quarter worth approximately $31,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Alphabet during the 3rd quarter valued at approximately $53,000. Corsicana & Co. bought a new stake in shares of Alphabet during the third quarter valued at approximately $54,000. Sellwood Investment Partners LLC purchased a new position in shares of Alphabet in the third quarter worth $63,000. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Alphabet by 37.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock worth $57,000 after buying an additional 89 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $321.21, for a total transaction of $10,439,325.00. Following the completion of the sale, the chief executive officer directly owned 2,244,372 shares of the company’s stock, valued at approximately $720,914,730.12. This trade represents a 1.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $19.00, for a total value of $35,060,852.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,112,493 shares of company stock worth $118,605,094 over the last three months. 11.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on GOOGL shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $375.00 target price (up from $330.00) on shares of Alphabet in a research note on Tuesday, January 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a report on Wednesday, January 21st. Barclays restated an “overweight” rating and set a $360.00 price objective (up from $315.00) on shares of Alphabet in a research report on Thursday, February 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $370.00 target price on shares of Alphabet in a report on Thursday, February 5th. Finally, DZ Bank reiterated a “buy” rating on shares of Alphabet in a research report on Monday, February 16th. Three investment analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $367.18.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google closed its $32 billion acquisition of Israeli cloud-security firm Wiz, folding Wiz into Google Cloud to bolster cloud and AI security capabilities — a major strategic bet that can expand enterprise revenue and product differentiation for Google Cloud. Google completes $32B acquisition of Wiz
• Positive Sentiment: Alphabet’s GFiber unit is combining with Astound Broadband to form an independent fiber provider majority-owned by Stonepeak; Alphabet will be a minority owner — a deal that monetizes capital-intensive infrastructure, reduces execution risk and frees cash for core cloud/AI investments. Google sells partial stake in fiber business, becomes minority owner of new venture
• Positive Sentiment: Canal+ struck a multi-year deal to use Google Cloud’s generative AI for production and content recommendation — a concrete enterprise win that illustrates continued commercial traction for Google Cloud AI in media. Canal+ taps Google’s AI for video production, content recommendation
• Positive Sentiment: Analyst upgrades and technical commentary are supporting the stock: coverage showing a bullish analyst consensus and MarketBeat noting a stabilizing pullback near $300 have likely encouraged buying from institutional and retail investors. Alphabet (NASDAQ:GOOGL) Trading 2.6% Higher on Analyst Upgrade
• Neutral Sentiment: Google’s increased involvement with Pentagon AI (Agent Designer/GenAI.mil) signals potential contract opportunities but also political scrutiny; revenue upside exists but with reputational/regulatory considerations. Google Deploys AI Agents to Help Pentagon Automate Jobs
• Neutral Sentiment: Reports showing odd/unchanged short-interest figures (zeros or NaN in filings) are effectively non-informative and are unlikely to drive the move in GOOGL today.
• Negative Sentiment: Competitive pressure from Microsoft’s expanding AI-cloud ecosystem (dual-model strategy, Anthropic/OpenAI ties) remains a medium-term risk to Google Cloud’s growth and margins. Microsoft Positioned to Win AI Race With Dual-Model Strategy (GOOGL)
• Negative Sentiment: Governance/compensation scrutiny after reporting of CEO Sundar Pichai’s large incentive package tied to long‑term “moonshot” bets could concern some investors worried about pay structure and execution risk. Alphabet CEO Sundar Pichai’s new $692 million compensation package…

Alphabet Trading Up 0.5%

GOOGL stock opened at $308.70 on Thursday. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $349.00. The stock has a market capitalization of $3.73 trillion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 1.80 and a beta of 1.10. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. The firm’s fifty day simple moving average is $319.56 and its two-hundred day simple moving average is $288.48.

Alphabet (NASDAQ:GOOGL) last released 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 $2.57 by $0.25. The firm had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. As a group, analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders 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 dividend yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet’s payout ratio is 7.77%.

Alphabet Profile

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.