Alphabet Inc. $GOOG Shares Purchased by Steginsky Capital LLC

Steginsky Capital LLC grew its stake in Alphabet Inc. (NASDAQ:GOOG) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 680,588 shares of the information services provider’s stock after purchasing an additional 6,523 shares during the period. Alphabet comprises approximately 30.4% of Steginsky Capital LLC’s investment portfolio, making the stock its largest position. Steginsky Capital LLC’s holdings in Alphabet were worth $165,757,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOOG. Brighton Jones LLC boosted its position in Alphabet by 5.6% in the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after buying an additional 6,410 shares in the last quarter. Ignite Planners LLC increased its holdings in shares of Alphabet by 1.0% during the second quarter. Ignite Planners LLC now owns 14,506 shares of the information services provider’s stock worth $2,697,000 after buying an additional 144 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Alphabet by 7.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 594,959 shares of the information services provider’s stock valued at $105,540,000 after acquiring an additional 41,132 shares during the last quarter. Laffer Tengler Investments Inc. lifted its stake in shares of Alphabet by 38.2% in the 2nd quarter. Laffer Tengler Investments Inc. now owns 5,793 shares of the information services provider’s stock valued at $1,028,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Ibex Wealth Advisors acquired a new stake in shares of Alphabet during the 2nd quarter valued at $248,000. 27.26% of the stock is owned by institutional investors.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet closed its largest-ever acquisition, buying cybersecurity firm Wiz for about $32 billion — a major strategic move to beef up Google Cloud’s security offerings and drive enterprise revenue. Google officially snaps up Wiz as it closes mammoth $32 billion deal
• Positive Sentiment: TPG sold its stake in solar/storage platform Intersect to Google — expanding Alphabet’s clean-energy footprint and potentially supporting longer-term data-center/cloud cost control. TPG Refocuses On Clean Energy With Intersect Exit And IPX Power Launch
• Positive Sentiment: Canal+ signed a multi-year deal to deploy Google Cloud generative AI across production and streaming — a customer win that supports Cloud/AI monetization. Canal+ taps Google’s AI for video production, content recommendation
• Positive Sentiment: Product momentum: Google rolled out Gemini Embedding 2 and integrated Gemini into Workspace apps — these product improvements support ad/Cloud upsell and productivity use cases. Google (GOOGL) Stock Rises after Introducing New Gemini Embedding 2 AI Model
• Positive Sentiment: Analyst/bench strength: brokerages maintain a bullish consensus (majority “Buy”) and several recent price-target raises — supports medium-term upside expectations. Alphabet Inc. (NASDAQ:GOOG) Receives Consensus Recommendation of “Buy” from Brokerages
• Neutral Sentiment: GFiber (Google Fiber) will combine with Astound and be majority owned by Stonepeak; Alphabet keeps a minority stake — monetizes infrastructure but reduces operational control. Google sells partial stake in fiber business, becomes minority owner of new venture
• Neutral Sentiment: DoD/Pentagon deployment: Google is rolling out Gemini AI agents on the Pentagon’s GenAI.mil for unclassified tasks — a large potential enterprise deployment but one that brings political/regulatory complexity. Google deepens Pentagon AI push after Anthropic sues Trump administration
• Neutral Sentiment: Branding note — Google named its new London HQ “Platform 37” (nod to King’s Cross and AlphaGo history). Low direct financial impact. Google names London office ‘Platform 37’ in a nod to railway neighbour, AI ‘Go’ match
• Negative Sentiment: Regulatory risk: UK regulator deadline to better protect children online raises compliance and potential ad-targeting constraints that could pressure ad revenue in Europe. Big tech given warning – and deadline – by UK regulator

Analysts Set New Price Targets

Several research firms have commented on GOOG. BNP Paribas Exane started coverage on Alphabet in a research report on Monday, November 24th. They issued an “outperform” rating for the company. Truist Financial set a $350.00 price objective on shares of Alphabet in a report on Friday, December 5th. Piper Sandler restated an “overweight” rating and issued a $395.00 price target on shares of Alphabet in a research report on Thursday, February 5th. DZ Bank raised shares of Alphabet to a “strong-buy” rating in a research note on Monday, February 16th. Finally, Scotiabank reissued an “outperform” rating and issued a $400.00 price objective (up from $375.00) on shares of Alphabet in a research note on Thursday, February 5th. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $343.90.

Alphabet Stock Performance

NASDAQ:GOOG opened at $308.42 on Thursday. 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 Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $350.15. The company has a 50 day simple moving average of $319.85 and a two-hundred day simple moving average of $289.01. The company has a market capitalization of $3.73 trillion, a PE ratio of 28.53, a P/E/G ratio of 1.80 and a beta of 1.10.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.23. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The firm had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. During the same quarter in the previous year, the company earned $2.15 EPS. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. Research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 7.77%.

Insiders Place Their Bets

In related news, insider John Kent Walker sold 47,574 shares of the company’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 sale, the insider owned 13,227 shares in the company, valued at $3,987,279.15. This represents a 78.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $321.21, for a total value of $10,439,325.00. Following the sale, the chief executive officer directly owned 2,244,372 shares of the company’s stock, valued at $720,914,730.12. This represents a 1.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,112,493 shares of company stock valued at $118,605,094 over the last 90 days. 12.99% of the stock is owned by company insiders.

Alphabet 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.