Wrapmanager Inc. Sells 4,693 Shares of Alphabet Inc. $GOOG

Wrapmanager Inc. reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 22.0% in the third quarter, HoldingsChannel.com reports. The firm owned 16,603 shares of the information services provider’s stock after selling 4,693 shares during the period. Alphabet accounts for approximately 1.2% of Wrapmanager Inc.’s investment portfolio, making the stock its 23rd biggest holding. Wrapmanager Inc.’s holdings in Alphabet were worth $4,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of GOOG. Vanguard Group Inc. increased its stake 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 worth $73,927,821,000 after buying an additional 5,182,111 shares in the last quarter. State Street Corp lifted its position in shares of Alphabet by 1.3% in the second quarter. State Street Corp now owns 188,914,125 shares of the information services provider’s stock valued at $33,511,477,000 after acquiring an additional 2,428,266 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Alphabet by 0.4% in the second quarter. Geode Capital Management LLC now owns 107,760,033 shares of the information services provider’s stock worth $19,022,926,000 after acquiring an additional 441,177 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Alphabet by 8.6% in 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 grew 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 purchasing an additional 2,117,990 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Billionaire Stanley Druckenmiller meaningfully increased his fund’s stake in Alphabet for a second straight quarter, signaling confidence from a prominent investor likely tied to Alphabet’s AI/cloud momentum. Billionaire Stanley Druckenmiller Piled Into Alphabet and Amazon for a 2nd Consecutive Quarter and Dumped His Stake in Another “Magnificent Seven” Stock
• Positive Sentiment: South Korea approved Google’s request to export high‑precision map data, removing a long-standing barrier and opening a large market to Google Maps — a revenue and user-engagement positive for Search/Maps and local ad inventory. South Korea approves Google bid to export high-precision map data
• Positive Sentiment: Reports say Meta signed a multibillion‑dollar deal to rent Google’s TPUs to train new AI models — a validation of Google’s chip/cloud economics and a potential recurring revenue stream for Google Cloud. Google signs multibillion-dollar AI chip deal with Meta, Information reports
• Positive Sentiment: Google launched Nano Banana 2, a faster, more accurate AI image generator across Gemini and Search — another product upgrade that boosts user engagement and competitive positioning in generative AI. Google launches Nano Banana 2, updating its viral AI image generator
• Positive Sentiment: Waymo is expanding testing to Chicago and Charlotte as it scales robotaxi operations — positive optionality for Alphabet’s long‑term mobility business. Waymo to begin testing in Chicago and Charlotte
• Neutral Sentiment: Alphabet folded robotics software arm Intrinsic into Google — a consolidation that may streamline development but has limited immediate revenue impact. Former Alphabet ‘moonshot’ robotics company Intrinsic is folding into Google
• Neutral Sentiment: Wells Fargo reportedly upgraded Alphabet, adding a positive analyst voice that can support sentiment but may already be priced in given recent analyst activity. Alphabet (NASDAQ:GOOG) Upgraded at Wells Fargo & Company
• Negative Sentiment: More than 100 Google AI employees sent a letter opposing Gemini’s use for U.S. surveillance and some autonomous weapons, raising reputational/regulatory risk and potential internal constraints on certain AI deployments. Google Workers Seek ‘Red Lines’ on Military A.I., Echoing Anthropic
• Negative Sentiment: Report flags $662B of off‑balance‑sheet future data‑center lease obligations among hyperscalers, highlighting hidden infrastructure costs that could pressure margins as AI scale increases. Hidden AI Costs? Big Tech Hyperscalers Hold $662 Billion In Off-Balance-Sheet Data Center Leases: Report
• Negative Sentiment: Hedge fund MIG Capital trimmed its Class C stake, a small signal of profit‑taking or portfolio rebalancing that slightly offsets bullish flows. MIG Capital Cuts Alphabet Inc. Class C Stake

Wall Street Analyst Weigh In

A number of research analysts recently commented on GOOG shares. DA Davidson set a $300.00 price target on Alphabet in a report on Tuesday, November 25th. Oppenheimer reiterated an “outperform” rating and set a $360.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Phillip Securities raised shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, November 7th. Scotiabank reaffirmed an “outperform” rating and set a $400.00 target price (up from $375.00) on shares of Alphabet in a research note on Thursday, February 5th. Finally, UBS Group reiterated a “neutral” rating and issued a $348.00 price target (up from $345.00) on shares of Alphabet in a report on Thursday, February 12th. Nine research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $343.90.

Alphabet Stock Down 1.9%

Shares of NASDAQ:GOOG opened at $307.15 on Friday. The company has a market cap of $3.72 trillion, a price-to-earnings ratio of 28.41, a PEG ratio of 1.84 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 company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $321.43 and a 200 day moving average price of $282.05.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.23. The company had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.15 earnings per share. As a group, equities research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed 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. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. Alphabet’s payout ratio is presently 7.77%.

Insider Activity

In related news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $19.00, for a total value of $35,060,852.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 47,574 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider directly owned 13,227 shares of the company’s stock, valued at approximately $3,987,279.15. The trade was a 78.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 2,112,482 shares of company stock worth $119,145,289. 12.99% of the stock is currently owned by insiders.

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.