NerdWallet Wealth Partners LLC Makes New Investment in Alphabet Inc. $GOOG

NerdWallet Wealth Partners LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,983 shares of the information services provider’s stock, valued at approximately $1,214,000. Alphabet makes up about 0.6% of NerdWallet Wealth Partners LLC’s investment portfolio, making the stock its 19th largest holding.

Several other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in shares of Alphabet during the 2nd quarter worth about $4,298,572,000. JPMorgan Chase & Co. boosted its holdings in Alphabet by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock worth $24,240,469,000 after buying an additional 7,904,434 shares during the last quarter. Vanguard Group Inc. increased its stake in Alphabet by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 416,753,033 shares of the information services provider’s stock worth $73,927,821,000 after buying an additional 5,182,111 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Alphabet by 73.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 9,808,152 shares of the information services provider’s stock worth $2,388,775,000 after buying an additional 4,154,929 shares in the last quarter. Finally, Laurel Wealth Advisors LLC raised its holdings in shares of Alphabet by 17,547.9% during the second quarter. Laurel Wealth Advisors LLC now owns 4,122,727 shares of the information services provider’s stock valued at $731,331,000 after acquiring an additional 4,099,366 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Activity

In other news, insider John Kent Walker sold 47,574 shares of the stock in a transaction that occurred 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 sale, the insider owned 13,227 shares of the company’s stock, valued at $3,987,279.15. This represents a 78.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer owned 8,962 shares of the company’s stock, 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. Over the last quarter, insiders have sold 2,112,493 shares of company stock valued at $118,605,094. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Down 0.9%

Shares of NASDAQ:GOOG opened at $298.30 on Monday. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $350.15. The stock has a market cap of $3.61 trillion, a P/E ratio of 27.59, a PEG ratio of 1.75 and a beta of 1.10. The business has a fifty day moving average of $320.28 and a two-hundred day moving average of $287.43. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.59 by $0.23. The business had revenue of $113.83 billion for 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 company’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.15 EPS. On average, research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Truist Financial set a $350.00 target price on Alphabet in a research report on Friday, December 5th. Loop Capital raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 18th. Wedbush reissued an “outperform” rating and issued a $370.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. TD Cowen reaffirmed a “buy” rating and set a $365.00 target price (up from $355.00) on shares of Alphabet in a research note on Thursday, February 5th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $360.00 target price on shares of Alphabet in a report on Thursday, February 5th. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and a consensus price target of $343.90.

More Alphabet News

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 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.