Fragasso Financial Advisors Inc Cuts Stake in Alphabet Inc. $GOOGL

Fragasso Financial Advisors Inc cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,832 shares of the information services provider’s stock after selling 3,613 shares during the quarter. Alphabet comprises approximately 1.2% of Fragasso Financial Advisors Inc’s portfolio, making the stock its 15th biggest position. Fragasso Financial Advisors Inc’s holdings in Alphabet were worth $19,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Delta Asset Management LLC TN increased its stake 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 valued at $1,496,000 after purchasing an additional 37 shares in the last quarter. Second Line Capital LLC lifted 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 buying an additional 37 shares in the last quarter. Matisse Capital lifted 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 buying an additional 38 shares in the last quarter. Rialto Wealth Management LLC grew its holdings 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 valued at $541,000 after buying an additional 38 shares during the last quarter. Finally, Hodges Capital Management Inc. grew its holdings 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 valued at $1,693,000 after buying an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Billionaire investor Seth Klarman surprised markets by taking a notable position in Alphabet, a development investors often view as a vote of confidence from an experienced value manager. Alphabet Inc. (GOOGL): Billionaire Seth Klarman Springs Major Surprise
• Positive Sentiment: Alphabet-owned Wing will begin drone package deliveries in the San Francisco Bay Area, marking a commercialization step for a long-term growth initiative that could expand service offerings and monetization opportunities. Alphabet’s Wing to start drone delivery in San Francisco Bay Area
• Positive Sentiment: Multiple bullish research and feature pieces are reinforcing long-term investor interest—highlighting YouTube’s large ad/membership upside and positioning Alphabet as a top AI/cloud compounder—supporting demand for shares from long-term funds and retail. Alphabet Stock Analysis Why YouTube Is A $490 Billion Powerhouse Why Alphabet (GOOGL) is a Top Stock for the Long-Term The Best Stocks to Invest $1,000 in Right Now
• Neutral Sentiment: Google’s president Ruth Porat warned the U.S. may not be building electricity capacity fast enough to support AI scale, underscoring infrastructure needs and potential higher capex/energy costs as AI data center demand grows—a long-term growth sign but with cost implications. CERAWEEK US needs more energy development to power AI, Google president says
• Neutral Sentiment: Coverage noting Berkshire’s new leadership holding large AI-related positions and bullish forecasts for AI leaders reiterates sector rotation into tech, which can support multiple expansion for market leaders like Alphabet. Warren Buffett’s Successor, Greg Abel, Has $64 Billion of Berkshire Hathaway’s Assets Invested in 3 Unstoppable AI Stocks
• Neutral Sentiment: Short-interest data for March appears anomalous/unclear (reported as zero), so it provides no reliable signal on forced selling or short-covering dynamics today.
• Negative Sentiment: EU competition and international regulatory scrutiny remains active—EU officials are meeting with Google executives this week, a reminder that sustained regulatory risk could pressure valuation or lead to fines/behavioral remedies. EU Competition Chief Says Google Decision is Coming, Ahead of U.S. Tech Meetings
• Negative Sentiment: Coverage on how AI is changing search/SEO highlights execution risk for legacy search monetization models—publishers and advertisers adapting to new AI-driven discovery could alter ad dynamics over time. AI Is Rewriting the Old Rules of Google Search and SEO

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GOOGL. Loop Capital boosted their price objective on shares of Alphabet from $320.00 to $355.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Wall Street Zen downgraded Alphabet from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Royal Bank Of Canada lifted their target price on Alphabet from $375.00 to $400.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. DZ Bank restated a “buy” rating on shares of Alphabet in a research note on Monday, February 16th. Finally, President Capital upped their price target on Alphabet from $323.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Three equities 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $367.18.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 47,574 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were 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 owned 13,227 shares of the company’s stock, valued at $3,987,279.15. This represents a 78.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O’toole sold 955 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the sale, the chief accounting officer directly owned 9,918 shares of the company’s stock, valued at $2,955,564. The trade was a 8.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 2,110,165 shares of company stock worth $118,134,117. 11.55% of the stock is owned by corporate insiders.

Alphabet Price Performance

Shares of GOOGL opened at $302.00 on Tuesday. The firm has a fifty day simple moving average of $317.03 and a two-hundred day simple moving average of $294.07. The firm has a market cap of $3.65 trillion, a PE ratio of 27.94, a P/E/G ratio of 1.76 and a beta of 1.10. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. 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 results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. On average, equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is presently 7.77%.

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.