KCM Investment Advisors LLC Raises Stock Holdings in Alphabet Inc. $GOOG

KCM Investment Advisors LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,147 shares of the information services provider’s stock after buying an additional 3,128 shares during the quarter. Alphabet accounts for about 1.2% of KCM Investment Advisors LLC’s holdings, making the stock its 24th biggest holding. KCM Investment Advisors LLC’s holdings in Alphabet were worth $36,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 valued at $73,927,821,000 after purchasing an additional 5,182,111 shares during the last quarter. State Street Corp boosted its position in shares of Alphabet by 1.3% during the second quarter. State Street Corp now owns 188,914,125 shares of the information services provider’s stock worth $33,511,477,000 after buying an additional 2,428,266 shares during the period. Geode Capital Management LLC grew 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 valued at $19,022,926,000 after buying an additional 441,177 shares in the last quarter. JPMorgan Chase & Co. grew 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 valued at $24,240,469,000 after buying an additional 7,904,434 shares in the last quarter. Finally, Sanders Capital LLC raised its holdings in shares of Alphabet by 6.4% in the 2nd quarter. Sanders Capital LLC now owns 35,357,943 shares of the information services provider’s stock valued at $6,272,146,000 after buying an additional 2,117,990 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Down 0.8%

Shares of NASDAQ:GOOG opened at $300.91 on Friday. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $350.15. The firm’s 50 day moving average price is $320.61 and its 200 day moving average price is $285.58. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. The stock has a market cap of $3.64 trillion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10.

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

Alphabet Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 2,244,372 shares in the company, valued at approximately $720,914,730.12. This represents a 1.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $312.30, for a total value of $867,569.40. Following the sale, the chief accounting officer directly owned 8,962 shares in the company, valued at $2,798,832.60. This trade represents a 23.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 2,079,993 shares of company stock worth $108,745,244. 12.99% of the stock is owned by corporate insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Large enterprise deals and product momentum support revenue and TPU/cloud demand — Google Cloud wins (CVS AI health platform) and ongoing Gemini product updates reinforce the company’s commercial AI growth story. CVS taps Google Cloud to roll out AI-powered health platform
• Positive Sentiment: Large infrastructure demand signaled by Meta leasing Google TPUs — multibillion‑dollar TPU agreements point to durable cloud revenue from AI training customers. Meta leases Google AI chips
• Positive Sentiment: Strategic partnerships (reported Apple tie‑up) could deepen Gemini / cloud integration into iOS ecosystem, raising long‑term monetization potential. Gemini lawsuit and Apple deal reframe AI risk/reward
• Positive Sentiment: Analyst support remains constructive — Bank of America reaffirmed a Buy and $370 target, helping underpin bullish expectations for medium‑term upside. Bank of America maintains $370 PT
• Neutral Sentiment: Insider selling observed (small share disposals by a director and the CAO) — routine filings show modest reductions that investors monitor but that don’t indicate strategic distress. Insider sale filing
• Neutral Sentiment: Regulatory/legal uncertainty partly settles gameplay — Fortnite returns to Google Play worldwide, but with changed economics from the Epic settlement. That removes distribution uncertainty while altering long‑term service revenue. Fortnite returns to Google Play
• Negative Sentiment: Play Store commission cut — Google’s settlement with Epic reduces Play Store fees to roughly 20%, which could lower app‑store revenue and margins versus prior assumptions. Google lowers Play Store commissions
• Negative Sentiment: High‑profile Gemini lawsuit raises liability and regulatory risk — a wrongful‑death claim alleging harmful chatbot guidance increases uncertainty around consumer AI oversight and potential litigation costs. Gemini wrongful‑death lawsuit
• Negative Sentiment: Waymo safety/regulatory scrutiny and AI capex concerns — NTSB probes and reminders of heavy AI capital spending weigh on near‑term margins and sentiment. Waymo NTSB scrutiny AI capex pressure article

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Pivotal Research restated a “buy” rating and set a $420.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, February 5th. Cantor Fitzgerald reissued a “neutral” rating on shares of Alphabet in a research note on Tuesday, January 20th. Truist Financial set a $350.00 price objective on shares of Alphabet in a report on Friday, December 5th. Canaccord Genuity Group upped their target price on shares of Alphabet from $330.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Finally, Wedbush reissued an “outperform” rating and issued a $370.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $343.90.

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.