Alphabet Inc. $GOOG is ProVise Management Group LLC’s 3rd Largest Position

ProVise Management Group LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 178,285 shares of the information services provider’s stock after acquiring an additional 4,029 shares during the period. Alphabet accounts for about 3.2% of ProVise Management Group LLC’s investment portfolio, making the stock its 3rd largest position. ProVise Management Group LLC’s holdings in Alphabet were worth $43,421,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Manning & Napier Advisors LLC purchased a new position in shares of Alphabet during the 3rd quarter valued at $32,000. Tripletail Wealth Management LLC purchased a new stake in Alphabet in the 3rd quarter worth $40,000. University of Illinois Foundation purchased a new stake in Alphabet in the 2nd quarter worth $31,000. Retirement Wealth Solutions LLC raised its holdings in Alphabet by 145.0% during the third quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider’s stock valued at $48,000 after acquiring an additional 116 shares during the period. Finally, Horrell Capital Management Inc. lifted its position in shares of Alphabet by 100.0% in the second quarter. Horrell Capital Management Inc. now owns 200 shares of the information services provider’s stock valued at $35,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Large enterprise/cloud wins and AI demand: Google Cloud deals (CVS health AI platform) and reported TPU leasing by Meta point to higher recurring cloud revenue and infrastructure utilization that support near‑term revenue growth. CVS taps Google Cloud Meta leases Google TPUs
• Positive Sentiment: Solid fundamentals/analyst support: Q4 results and earnings beats reinforce the “quality growth” narrative, and Bank of America’s reiterated Buy/$370 target keeps bull case intact. Q4 quality growth Bank of America maintains $370
• Neutral Sentiment: Anthropic access clarified: Google says Anthropic remains available for non‑defense uses after a DoD blacklist — this reduces near‑term disruption risk to customers but leaves policy uncertainty around defense contracts. Google on Anthropic availability
• Neutral Sentiment: Market narrative shifting: Analysts note GOOG’s strong 12‑month run has moved it from a “value” label to an execution/AI‑growth story — bullish if growth continues, but raises expectations. Forbes valuation piece
• Negative Sentiment: Geopolitical / physical risk to infrastructure: Reports that hyperscaler data centers are becoming military targets in the Iran war increase operational and security risk for cloud operations and potential outages. Data centers targeted
• Negative Sentiment: Regulatory/legal headwinds and fee cuts: The Epic Games settlement (lower Play Store commissions) and a high‑profile Gemini wrongful‑death lawsuit raise revenue/margin and liability concerns for consumer services. Play Store settlement Gemini lawsuit
• Negative Sentiment: Regulatory scrutiny on Waymo / AV safety and technical/short‑term chart pressure: NTSB/industry scrutiny of autonomous‑vehicle safety plus technical analysts calling a short thesis add to near‑term selling pressure. Waymo NTSB scrutiny Chart short thesis

Alphabet Trading Down 0.9%

Shares of GOOG stock opened at $298.30 on Monday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $3.61 trillion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 1.75 and a beta of 1.10. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $350.15. The stock’s 50-day moving average price is $320.28 and its 200-day moving average price is $287.43.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.23. The company had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm’s revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.15 earnings per share. Equities research analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet’s dividend payout ratio is currently 7.77%.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $375.00 price objective on shares of Alphabet in a research note on Thursday, January 15th. Raymond James Financial raised Alphabet from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $315.00 to $400.00 in a report on Thursday, January 22nd. Cantor Fitzgerald restated a “neutral” rating on shares of Alphabet in a research note on Tuesday, January 20th. DA Davidson set a $300.00 price objective on shares of Alphabet in a report on Tuesday, November 25th. Finally, Wedbush reiterated an “outperform” rating and set a $370.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $343.90.

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 47,574 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value 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. This trade represents a 78.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction on Monday, December 15th. The stock was 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 owned 8,962 shares in the company, valued at $2,798,832.60. This represents a 23.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,112,493 shares of company stock valued at $118,605,094 over the last quarter. 12.99% of the stock is owned by insiders.

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.