Groupama Asset Managment Raises Stock Position in Alphabet Inc. $GOOGL

Groupama Asset Managment lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 7.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 891,182 shares of the information services provider’s stock after purchasing an additional 60,861 shares during the quarter. Alphabet comprises about 0.8% of Groupama Asset Managment’s holdings, making the stock its 23rd biggest holding. Groupama Asset Managment’s holdings in Alphabet were worth $216,646,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Delta Asset Management LLC TN lifted its holdings in Alphabet by 0.6% during the 3rd quarter. Delta Asset Management LLC TN now owns 6,153 shares of the information services provider’s stock worth $1,496,000 after buying an additional 37 shares in the last quarter. Second Line Capital LLC grew its stake in shares of Alphabet by 0.8% in the third quarter. Second Line Capital LLC now owns 4,417 shares of the information services provider’s stock worth $1,074,000 after acquiring an additional 37 shares in the last quarter. Matisse Capital grew its stake in shares of Alphabet by 0.3% in the third quarter. Matisse Capital now owns 14,814 shares of the information services provider’s stock worth $3,601,000 after acquiring an additional 38 shares in the last quarter. Rialto Wealth Management LLC increased its position in shares of Alphabet by 1.7% during the third quarter. Rialto Wealth Management LLC now owns 2,226 shares of the information services provider’s stock worth $541,000 after acquiring an additional 38 shares during the period. Finally, Hodges Capital Management Inc. increased its position in shares of Alphabet by 0.5% during the third quarter. Hodges Capital Management Inc. now owns 6,963 shares of the information services provider’s stock worth $1,693,000 after acquiring an additional 38 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Down 0.2%

Alphabet stock opened at $307.13 on Friday. The stock has a market cap of $3.72 trillion, a PE ratio of 28.41, a P/E/G ratio of 1.80 and a beta of 1.10. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The stock’s fifty day moving average is $318.17 and its two-hundred day moving average is $291.96. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $349.00.

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

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet’s dividend payout ratio is 7.77%.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $303.41, for a total transaction of $318,580.50. Following the sale, the director owned 4,631 shares of the company’s stock, valued at approximately $1,405,091.71. This trade represents a 18.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $19.00, for a total transaction of $35,060,852.00. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,110,165 shares of company stock valued at $118,134,117. Company insiders own 11.64% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GOOGL shares. Rosenblatt Securities lifted their target price on Alphabet from $279.00 to $357.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Pivotal Research upped their price target on Alphabet from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $375.00 price target (up from $330.00) on shares of Alphabet in a research report on Tuesday, January 13th. New Street Research lifted their price objective on Alphabet from $330.00 to $380.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Finally, Piper Sandler reissued an “overweight” rating and set a $395.00 price objective (up from $365.00) on shares of Alphabet in a research report on Thursday, February 5th. Three investment analysts have rated the stock with a Strong Buy rating, forty-three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $367.18.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: DeepMind hires Bridgewater’s chief scientist Jasjeet Sekhon as chief strategy officer — a notable AI talent win that reinforces Alphabet’s product roadmap and competitive positioning in AI. Reuters: Sekhon to join DeepMind
• Positive Sentiment: Google’s Wiz acquisition expands Google Cloud’s security portfolio, strengthening the Cloud growth narrative that underpins future revenue diversification. Zacks: GOOGL’s Wiz buyout
• Positive Sentiment: Regulatory concession: Google will let sites opt out of generative AI search features in the UK — reduces near‑term regulatory risk to search revenue. Reuters: Google to allow AI opt‑out
• Neutral Sentiment: Insider selling: CEO Sundar Pichai sold 32,500 shares and director John Hennessy sold a smaller stake — notable but small relative to total insider holdings; monitor for pattern. InsiderTrades: Pichai sale
• Neutral Sentiment: Short‑interest data in feeds appears anomalous/zero and does not indicate a meaningful short build or squeeze at present.
• Negative Sentiment: Macro/valuation headwinds: analysts flag $410B+ hyperscaler AI capex and uncertainty over returns, a theme that keeps pressure on tech multiples (including Alphabet). Fool: Reason tech stocks struggle
• Negative Sentiment: Competitive/market pressure: analyst pieces note rising competition in cloud analytics (Snowflake) and product battles that could temper near‑term share gains despite execution. Zacks: Snowflake vs Alphabet

Alphabet 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.