Riverpark Capital Management LLC Lowers Holdings in Alphabet Inc. $GOOG

Riverpark Capital Management LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 21.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,631 shares of the information services provider’s stock after selling 1,840 shares during the period. Alphabet comprises 2.9% of Riverpark Capital Management LLC’s portfolio, making the stock its 10th biggest position. Riverpark Capital Management LLC’s holdings in Alphabet were worth $1,615,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in Alphabet by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 416,753,033 shares of the information services provider’s stock valued at $73,927,821,000 after buying an additional 5,182,111 shares during the last quarter. State Street Corp raised its position in shares of Alphabet by 1.3% during the second quarter. State Street Corp now owns 188,914,125 shares of the information services provider’s stock worth $33,511,477,000 after purchasing an additional 2,428,266 shares during the period. Geode Capital Management LLC raised its holdings in Alphabet by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 107,760,033 shares of the information services provider’s stock worth $19,022,926,000 after buying an additional 441,177 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Alphabet by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock worth $24,240,469,000 after acquiring an additional 7,904,434 shares during the period. Finally, Sanders Capital LLC boosted its position in shares of Alphabet by 6.4% during the second quarter. Sanders Capital LLC now owns 35,357,943 shares of the information services provider’s stock worth $6,272,146,000 after buying an additional 2,117,990 shares during the period. 27.26% of the stock is owned by institutional investors.

Alphabet Stock Performance

Shares of Alphabet stock opened at $306.93 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. Alphabet Inc. has a one year low of $142.66 and a one year high of $350.15. The business has a 50-day simple moving average of $319.96 and a 200 day simple moving average of $288.87. The firm has a market capitalization of $3.71 trillion, a price-to-earnings ratio of 28.39, a PEG ratio of 1.79 and a beta of 1.10.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.23. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. During the same quarter last year, the firm posted $2.15 EPS. Alphabet’s revenue was up 18.0% compared to the same quarter last year. On average, research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared 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 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%.

Insider Activity

In other news, Director Frances Arnold sold 112 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $302.99, for a total value of $33,934.88. Following the transaction, the director owned 18,418 shares in the company, valued at $5,580,469.82. The trade was a 0.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 955 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value 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 approximately $2,955,564. This represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,112,493 shares of company stock worth $118,605,094. Company insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. BNP Paribas Exane started coverage on Alphabet in a research report on Monday, November 24th. They set an “outperform” rating on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research report on Wednesday, January 21st. Oppenheimer reaffirmed an “outperform” rating and issued a $360.00 price objective on shares of Alphabet in a report on Thursday, February 5th. UBS Group reiterated a “neutral” rating and set a $348.00 price target (up from $345.00) on shares of Alphabet in a research report on Thursday, February 12th. Finally, Raymond James Financial upgraded Alphabet from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $315.00 to $400.00 in a research report on Thursday, January 22nd. Nine analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Alphabet presently has an average rating of “Buy” and a consensus price target of $343.90.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is rolling out Gemini AI “Agent Designer” on the Pentagon’s GenAI.mil portal, making custom AI agents available to the Pentagon’s ~3 million personnel — a meaningful enterprise reference customer and validation of Google’s government AI strategy. Google deepens Pentagon AI push after Anthropic sues Trump administration
• Positive Sentiment: Alphabet introduced Gemini Embedding 2, a new AI embedding model; market coverage noted an immediate positive reaction to the product release, supporting near-term demand and AI positioning. Google (GOOGL) Stock Rises after Introducing New Gemini Embedding 2 AI Model
• Positive Sentiment: Cloud-commercial momentum: expanded Waystar–Google Cloud partnership and continued deals (e.g., CVS Health AI-enabled platform) point to recurring cloud revenue and cross‑sell opportunities for Google Cloud. Alphabet Inc. (GOOG) Announced Expanded Partnership Between Waystar and Google Cloud
• Positive Sentiment: Short interest fell meaningfully in late February (down ~29% to ~31.9M shares), reducing immediate downside pressure from short sellers and lowering days-to-cover — a modest technical positive for the stock.
• Neutral Sentiment: Some short-interest reporting for early March shows anomalous zero/NaN values — treat those data points with caution; the underlying trend through late Feb was lower short interest.
• Neutral Sentiment: Meta will add advertiser location fees to cover digital taxes, following Google/Amazon precedent — an industry-level change that may normalize advertiser pass-throughs but doesn’t uniquely move Alphabet’s core fundamentals. Meta to charge advertisers a fee to offset Europe’s digital taxes
• Negative Sentiment: Nvidia’s high-bandwidth memory (HBM) shortage and rising HBM costs could raise infrastructure expenses for AI deployments and cloud providers, potentially increasing Google’s AI compute costs and capex. Nvidia’s (NVDA) Memory Shortage Could Cause Google (GOOGL) Billions
• Negative Sentiment: Regulatory risk: Indonesia’s plan to restrict high‑risk digital platforms for under‑16s could reduce engagement/monetization in that market if implemented broadly. Update: Indonesia Plans to Ban High-Risk Digital Platforms for Children Under 16
• Negative Sentiment: Insider activity: a recent CEO stock sale (~$9.86M) is a small negative signal investors sometimes watch; note this is routine for executives and not necessarily indicative of company health. Alphabet (NASDAQ:GOOG) CEO Sells $9,859,850.00 in Stock

About Alphabet

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.