Fortis Capital Advisors LLC Has $5.84 Million Stock Position in Alphabet Inc. $GOOG

Fortis Capital Advisors LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 9.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,995 shares of the information services provider’s stock after purchasing an additional 2,147 shares during the period. Alphabet comprises about 0.9% of Fortis Capital Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Fortis Capital Advisors LLC’s holdings in Alphabet were worth $5,844,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GOOG. Kornitzer Capital Management Inc. KS increased its holdings in shares of Alphabet by 0.9% during the third quarter. Kornitzer Capital Management Inc. KS now owns 64,176 shares of the information services provider’s stock worth $15,630,000 after buying an additional 601 shares in the last quarter. CFS Investment Advisory Services LLC grew its position in Alphabet by 5.1% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 3,693 shares of the information services provider’s stock worth $962,000 after acquiring an additional 178 shares during the last quarter. Formulate Financial LLC acquired a new stake in Alphabet during the 3rd quarter valued at $950,000. National Wealth Management Group LLC increased its holdings in Alphabet by 145.7% during the 3rd quarter. National Wealth Management Group LLC now owns 3,035 shares of the information services provider’s stock valued at $739,000 after purchasing an additional 1,800 shares in the last quarter. Finally, BG Investment Services Inc. raised its position in Alphabet by 9.2% in the 3rd quarter. BG Investment Services Inc. now owns 1,691 shares of the information services provider’s stock valued at $412,000 after purchasing an additional 143 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Alphabet news, 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 value of $5,614,173.81. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $312.30, for a total value of $867,569.40. Following the transaction, the chief accounting officer owned 8,962 shares in the company, valued at approximately $2,798,832.60. This trade represents a 23.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 2,069,531 shares of company stock worth $104,158,826. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Up 1.9%

Shares of NASDAQ:GOOG opened at $344.90 on Tuesday. Alphabet Inc. has a one year low of $142.66 and a one year high of $345.17. The company has a 50 day moving average of $321.44 and a 200-day moving average of $267.95. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market cap of $4.16 trillion, a price-to-earnings ratio of 34.01, a P/E/G ratio of 1.86 and a beta of 1.10.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s dividend payout ratio is 8.28%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on GOOG shares. Truist Financial set a $350.00 target price on Alphabet in a research note on Friday, December 5th. Cantor Fitzgerald reissued a “neutral” rating on shares of Alphabet in a report on Tuesday, January 20th. BNP Paribas Exane started coverage on shares of Alphabet in a research note on Monday, November 24th. They issued an “outperform” rating for the company. Raymond James Financial upgraded shares of Alphabet from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $315.00 to $400.00 in a research report on Thursday, January 22nd. Finally, Mizuho set a $325.00 price target on shares of Alphabet in a report on Thursday, October 30th. Eight investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $330.83.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud landed a five‑year AI partnership with Liberty Global to deploy Gemini models and cloud tools across the cable operator’s European business — a meaningful commercial win for Cloud and Gemini adoption that supports recurring revenue growth. Google Cloud, Liberty Global strike five-year AI partnership
• Positive Sentiment: Waymo raised $16 billion in a round that values the unit near $126 billion — this large external financing both recognizes Waymo’s standalone value and de‑risks Alphabet’s capital commitment while preserving upside from a high‑value autonomous‑vehicle asset. Waymo announces $16 billion fundraising round
• Positive Sentiment: Alphabet scored a legal win when a judge rejected a bid to force a $2.36B penalty — easing a sizeable regulatory/legal overhang. Google (GOOGL) Dodges $2.36B Class Action Penalty in Major Court Win
• Positive Sentiment: Analysts and commentators continue to point to AI‑driven strength in Search, YouTube and Cloud as the main drivers for expected strong Q4 results, supporting investor optimism heading into earnings. Alphabet (GOOGL) Stock: What Wall Street Expects from Earnings Wednesday
• Neutral Sentiment: Options market pricing and analysts expect a sizable post‑earnings move (the options market is pricing notable volatility), meaning the stock can swing sharply after the Q4 report. Alphabet (GOOGL) Q4 Earnings on Deck: Options Market Braces for a 6.18% Swing
• Neutral Sentiment: Competition in generative AI (reports of an imminent Claude 5 launch) keeps the product landscape dynamic — a potential headwind or stimulus depending on execution and partnerships. Claude 5 Will Probably Launch In Q1
• Neutral Sentiment: Short‑interest data in the latest print is uninformative (shows effectively zero days of short interest), indicating little visible short pressure but also potential data noise — not a clear driver either way.
• Negative Sentiment: Several institutional 13F filings show managers trimming GOOG positions and at least one major shareholder sale was reported (~$35M), signaling some profit‑taking after the stock’s strong run. Fund Update: PROVIDENT TRUST CO Just Disclosed New Holdings Alphabet Major Shareholder Sells
• Negative Sentiment: Critical commentary warns AI could create structural risks for ad models if monetization lags; plus a reported $110M hit to Disney from a YouTube TV carriage dispute underscores distribution/friction risks around media partners. Disney said it took a $110 million hit from its fight with YouTube TV Mag 7’s “Commitment” to Data Centers & GOOGL “Existential Crisis”

Alphabet Company 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.