Henrickson Nauta Wealth Advisors Inc. increased its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 51.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,722 shares of the information services provider’s stock after acquiring an additional 1,936 shares during the period. Henrickson Nauta Wealth Advisors Inc.’s holdings in Alphabet were worth $1,799,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Alphabet by 3.9% during the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after buying an additional 4,110 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after buying an additional 506 shares during the period. Matrix Asset Advisors Inc. NY lifted its holdings in Alphabet by 17.6% in the second quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider’s stock worth $685,000 after buying an additional 581 shares during the period. Sequoia Financial Advisors LLC boosted its position in Alphabet by 11.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider’s stock valued at $85,557,000 after acquiring an additional 48,805 shares in the last quarter. Finally, United Bank grew its holdings in shares of Alphabet by 6.9% during the 2nd quarter. United Bank now owns 48,204 shares of the information services provider’s stock worth $8,495,000 after acquiring an additional 3,120 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.
Alphabet News Summary
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Expanded commercial AI partnerships that can drive Google Cloud adoption and future revenue: Openreach will use Google Cloud AI to speed UK fibre rollout and cut fleet emissions, signalling enterprise demand for Google’s AI services. Openreach taps Google AI to speed fibre rollout, cut emissions
- Positive Sentiment: Product/customer wins that validate Gemini and robotics strategy: Google’s DeepMind is partnering with Agile Robots to integrate Gemini Robotics models with hardware, and Gap will enable checkout inside Gemini — both are signs of commercial traction for Google’s AI stack. Google partners with Agile Robots, growing its AI robotics footprint Gap becomes the first major fashion company to offer checkout within Google’s Gemini
- Neutral Sentiment: Institutional / infrastructure deals show adoption but limited immediate impact on margins: BMO and CME are launching a tokenized cash platform with Google Cloud, a strategic enterprise use-case that supports long-term Cloud revenue diversification. BMO to launch tokenized cash platform with CME and Google Cloud
- Neutral Sentiment: New service rollouts expand optionality but are not yet material to revenue: Alphabet’s Wing plans Bay Area drone deliveries, illustrating continued experimentation in logistics and consumer services. Alphabet’s Wing to start drone delivery in San Francisco Bay Area
- Neutral Sentiment: Data items on short interest appear inconsistent/zero in the reports provided; treat as unreliable until exchanges confirm filings. (Multiple aggregated short-interest entries)
- Negative Sentiment: Regulatory and policy scrutiny of AI is a clear near-term risk: the EU competition/antitrust chief is meeting Alphabet’s CEO alongside other Big Tech leaders about AI dominance — increased regulatory oversight could pressure multiples or force business changes. EU antitrust chief meets Google, Meta, OpenAI, Amazon CEOs amidst AI scrutiny
- Negative Sentiment: Market sentiment and news flow are weighing on the stock today: several market pieces highlight the share decline and analyst commentary, which can amplify selling pressure even absent new fundamentals. Alphabet (GOOGL) Registers a Bigger Fall Than the Market: Important Facts to Note
Alphabet Stock Down 3.8%
Alphabet (NASDAQ:GOOGL – Get Free Report) last released its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. On average, research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.
Alphabet Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were 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 of this dividend was Monday, March 9th. Alphabet’s dividend payout ratio is 7.77%.
Insider Activity at Alphabet
In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the completion of the sale, the chief executive officer directly owned 1,642,060 shares in the company, valued at approximately $505,573,853.40. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 955 shares of Alphabet stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the completion of the transaction, the chief accounting officer directly owned 9,918 shares of the company’s stock, valued at $2,955,564. This trade represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,110,165 shares of company stock worth $118,134,117 in the last ninety days. 11.55% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on GOOGL. Tigress Financial set a $415.00 target price on Alphabet and gave the stock a “strong-buy” rating in a research report on Thursday, February 19th. Argus upped their price target on Alphabet from $365.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Jefferies Financial Group increased their price objective on Alphabet from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Wolfe Research raised their price objective on Alphabet from $380.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Finally, Barclays restated an “overweight” rating and set a $360.00 target price (up from $315.00) on shares of Alphabet in a report on Thursday, February 5th. Three analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $367.18.
Get Our Latest Analysis on Alphabet
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.
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