Los Angeles Capital Management LLC Has $661.93 Million Stock Position in Alphabet Inc. $GOOGL

Los Angeles Capital Management LLC reduced its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 6.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,722,876 shares of the information services provider’s stock after selling 200,321 shares during the quarter. Alphabet accounts for about 2.2% of Los Angeles Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Los Angeles Capital Management LLC’s holdings in Alphabet were worth $661,931,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Breakwater Investment Management increased its position in shares of Alphabet by 1.0% in the third quarter. Breakwater Investment Management now owns 4,228 shares of the information services provider’s stock worth $1,028,000 after purchasing an additional 41 shares during the last quarter. Wealth Alliance Advisory Group LLC grew its stake in Alphabet by 1.0% in the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 4,045 shares of the information services provider’s stock worth $983,000 after buying an additional 41 shares in the last quarter. Contravisory Investment Management Inc. increased its holdings in shares of Alphabet by 2.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,572 shares of the information services provider’s stock worth $382,000 after buying an additional 44 shares during the last quarter. Wallington Asset Management LLC increased its holdings in shares of Alphabet by 1.4% in the 3rd quarter. Wallington Asset Management LLC now owns 3,324 shares of the information services provider’s stock worth $808,000 after buying an additional 45 shares during the last quarter. Finally, LongView Wealth Management raised its position in shares of Alphabet by 1.2% during the 3rd quarter. LongView Wealth Management now owns 3,817 shares of the information services provider’s stock valued at $928,000 after buying an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $321.21, for a total value of $10,439,325.00. Following the transaction, the chief executive officer owned 2,244,372 shares in the company, valued at approximately $720,914,730.12. The trade was a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Kent Walker sold 17,829 shares of the stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $314.89, for a total transaction of $5,614,173.81. Following the sale, the insider owned 42,972 shares of the company’s stock, valued at approximately $13,531,453.08. This represents a 29.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 225,187 shares of company stock worth $66,695,036 over the last ninety days. Insiders own 11.64% of the company’s stock.

Alphabet Trading Up 1.1%

Shares of GOOGL stock opened at $325.44 on Friday. The business has a 50-day moving average of $305.24 and a 200 day moving average of $247.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $330.32. The stock has a market capitalization of $3.93 trillion, a PE ratio of 32.09, a P/E/G ratio of 1.78 and a beta of 1.08.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The business had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 8th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, December 8th. Alphabet’s payout ratio is presently 8.28%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet has overtaken Apple to become the world’s second-most valuable public company, a market-cap milestone that signals investor confidence in Google’s AI-led growth story and may attract ETF flows and index-related buying. Google Claims Apple’s Spot on Most-Valuable-Companies List
• Positive Sentiment: Broker and media coverage has turned more bullish (upgrades and optimistic price-target notes), reinforcing momentum and giving investors confidence in further upside tied to Gemini/AI and search monetization. Alphabet Stock Gets an Upgrade. How Google Will Beat ChatGPT.
• Positive Sentiment: EU discussions reportedly spare Big Tech from the strictest aspects of a digital-rule overhaul, easing regulatory risk for Google’s ad and cloud businesses in Europe. Big Tech spared strict rules in EU digital rule overhaul
• Neutral Sentiment: EU antitrust regulators will rule on Alphabet’s $32B Wiz acquisition by Feb. 10 — a clear catalyst but with an uncertain outcome; approval would remove an overhang, while objections could delay or alter the deal. EU antitrust regulators to decide on Google’s Wiz deal by Feb 10
• Neutral Sentiment: Google and Character.AI reached settlements in lawsuits alleging chatbots harmed minors — this cuts litigation uncertainty but keeps reputation and product-safety issues on investors’ radars. Google and Character.AI to Settle Lawsuit Over Teenager’s Death
• Neutral Sentiment: CEO Sundar Pichai sold 32,500 shares (~$10.4M), a disclosed insider sale that slightly reduces his stake but appears routine and not an obvious signal of impaired fundamentals. SEC filing: Insider sale
• Negative Sentiment: Competitor dynamics: Nvidia hired a former Google marketing executive as CMO, underscoring intense competition for AI talent and marketing muscle in the AI infrastructure space — a subtle competitive headwind to watch. Nvidia Hires Google Veteran as Its First Chief Marketing Officer

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Daiwa Capital Markets upped their target price on shares of Alphabet from $233.00 to $333.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. China Renaissance lifted their price target on Alphabet from $207.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. CIBC upped their price objective on Alphabet to $315.00 in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft increased their price objective on Alphabet from $260.00 to $340.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Bank of America boosted their target price on Alphabet from $280.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, forty-three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $322.42.

About Alphabet

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.