Alphabet Inc. $GOOGL Shares Sold by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 17.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 13,980 shares of the information services provider’s stock after selling 2,927 shares during the quarter. Alphabet comprises 0.9% of Legacy Capital Group California Inc.’s investment portfolio, making the stock its 16th largest holding. Legacy Capital Group California Inc.’s holdings in Alphabet were worth $3,399,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Financial Gravity Companies Inc. purchased a new stake in Alphabet during the 2nd quarter valued at approximately $31,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Alphabet in the 3rd quarter valued at approximately $53,000. Corsicana & Co. purchased a new position in shares of Alphabet in the 3rd quarter valued at approximately $54,000. Sellwood Investment Partners LLC acquired a new position in shares of Alphabet in the third quarter valued at approximately $63,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake in shares of Alphabet by 37.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock worth $57,000 after purchasing an additional 89 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google closed its large acquisition of cybersecurity firm Wiz, bolstering Google Cloud’s security capabilities and signaling continued investment in cloud/AI — a strategic positive for long‑term cloud revenue growth. Read More.
• Positive Sentiment: New commercial wins for Google Cloud underline enterprise demand for its AI stack — Canal+ struck a multi‑year deal to use Google Cloud generative AI for production and recommendations. Read More.
• Positive Sentiment: Analyst coverage and commentaries are constructive: MarketBeat highlights a technical entry point after a pullback and many analysts still rate GOOGL as a buy; Zacks cites earnings growth and price strength as reasons to watch the stock. These viewpoints help support demand from long‑term and institutional investors. Read More.
• Neutral Sentiment: Google is reorganizing GFiber into a new independent venture with outside partners (Stonepeak/Astound); Alphabet becomes a minority owner — this recycles capital and reduces direct operational exposure, which is strategically neutral to positive but may have limited near‑term earnings impact. Read More.
• Neutral Sentiment: Recent short‑interest data in these feeds show zero or NaN values and are not meaningful — no clear short‑squeeze or covering signal from these reports. (Data appears erroneous.)
• Negative Sentiment: Regulatory pressure in key markets is rising: UK regulators have issued warnings and deadlines to tech firms on child safety online, adding potential compliance costs and uncertainty for large platforms. Read More.
• Negative Sentiment: Some commentary flags that Google’s AI leadership is being tested by competitors and market expectations — any signs of slowing AI monetization or execution stoke near‑term investor anxiety. Read More.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $303.55 on Friday. The firm has a market capitalization of $3.67 trillion, a P/E ratio of 28.08, a PEG ratio of 1.81 and a beta of 1.10. Alphabet Inc. has a one year low of $140.53 and a one year high of $349.00. The company’s fifty day moving average is $319.37 and its two-hundred day moving average is $288.58. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. The business had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. Analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several recent research reports. Canaccord Genuity Group set a $415.00 price target on Alphabet in a report on Thursday, February 5th. KeyCorp set a $370.00 price objective on shares of Alphabet and gave the company an “overweight” rating in a research note on Thursday, February 5th. DZ Bank restated a “buy” rating on shares of Alphabet in a research report on Monday, February 16th. Royal Bank Of Canada raised their target price on shares of Alphabet from $375.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $395.00 target price (up from $365.00) on shares of Alphabet in a report on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $367.18.

Insider Activity at Alphabet

In other news, insider John Kent Walker sold 47,574 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the sale, the insider owned 13,227 shares of the company’s stock, valued at $3,987,279.15. The trade was a 78.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the company’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 value of $867,569.40. Following the completion of the sale, the chief accounting officer owned 8,962 shares in the company, valued at approximately $2,798,832.60. This represents a 23.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 2,112,493 shares of company stock valued at $118,605,094. 11.64% of the stock is owned by corporate insiders.

Alphabet Company Profile

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.