Alphabet Inc. $GOOG Shares Sold by Nelson Capital Management LLC

Nelson Capital Management LLC cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.4% in the 3rd quarter, Holdings Channel reports. The firm owned 82,150 shares of the information services provider’s stock after selling 2,026 shares during the period. Alphabet accounts for about 2.4% of Nelson Capital Management LLC’s holdings, making the stock its 8th largest position. Nelson Capital Management LLC’s holdings in Alphabet were worth $20,008,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. University of Illinois Foundation bought a new position in Alphabet in the 2nd quarter valued at approximately $31,000. Manning & Napier Advisors LLC acquired a new position in Alphabet during the 3rd quarter worth about $32,000. Horrell Capital Management Inc. boosted its holdings in Alphabet by 100.0% in the second quarter. Horrell Capital Management Inc. now owns 200 shares of the information services provider’s stock valued at $35,000 after acquiring an additional 100 shares during the last quarter. Tripletail Wealth Management LLC bought a new stake in shares of Alphabet in the 3rd quarter valued at $40,000. Finally, Retirement Wealth Solutions LLC boosted its position in Alphabet by 145.0% during the third quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider’s stock valued at $48,000 after acquiring an additional 116 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GOOG. DZ Bank raised shares of Alphabet to a “strong-buy” rating in a research report on Monday, February 16th. BMO Capital Markets reissued an “outperform” rating and set a $400.00 price objective on shares of Alphabet in a report on Thursday, February 5th. DA Davidson set a $300.00 price objective on Alphabet in a research note on Tuesday, November 25th. Jefferies Financial Group reiterated a “buy” rating and issued a $365.00 target price on shares of Alphabet in a research note on Monday, January 5th. Finally, Pivotal Research reissued a “buy” rating and set a $420.00 price target (up from $400.00) on shares of Alphabet in a research report on Thursday, February 5th. Nine analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Alphabet currently has an average rating of “Buy” and an average target price of $345.71.

Alphabet Stock Performance

NASDAQ GOOG traded up $2.07 during trading hours on Friday, reaching $305.28. 1,518,196 shares of the company were exchanged, compared to its average volume of 21,911,615. The stock has a market capitalization of $3.69 trillion, a P/E ratio of 28.26, a P/E/G ratio of 1.81 and a beta of 1.10. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $350.15. The business’s 50 day simple moving average is $319.64 and its 200-day simple moving average is $289.11.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share for the quarter, beating 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 analysts’ expectations of $111.24 billion. During the same period in the previous year, the company earned $2.15 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. On average, equities research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

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 issued 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 dividend payout ratio is 7.77%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet closed its largest-ever acquisition, the $32B purchase of Wiz, adding cloud security capabilities to Google Cloud that could improve revenue mix and enterprise adoption. Google Completes $32 Billion Purchase of Cybersecurity Firm Wiz
• Positive Sentiment: Gemini AI is being integrated into Google Maps via an “Ask Maps” feature, demonstrating monetizable product differentiation and widening Gemini’s reach across core apps. Google Adds Its Gemini AI Model to Google Maps
• Positive Sentiment: Google reversed course on Android billing, cutting developer fees and restoring Fortnite to the Play Store — a move that reduces platform friction and can help app store revenue/stability. Google App Store Brings Back Fortnite, Changes Fee Structure
• Positive Sentiment: Competitor delay: Meta reportedly postponed its next AI model release, which may give Alphabet more time to extend Gemini’s lead and capture incremental market share. Meta Is Falling Behind in AI Models. Its Loss Could Be Google’s Gain, Report Says.
• Neutral Sentiment: Alphabet will combine its GFiber unit with Astound Broadband and retain a minority stake; this reduces capex burden but limits control — a capital-allocation tradeoff investors are parsing. Google sells partial stake in fiber business, becomes minority owner of new venture
• Negative Sentiment: Regulatory risk: U.K. regulator Ofcom has issued deadlines and warnings for tech firms to better protect young users — heightened regulatory scrutiny can increase compliance costs and policy uncertainty. Big tech given warning – and deadline – by UK regulator
• Negative Sentiment: Some outlets and analysts flag that Google’s AI story is being tested versus expectations (valuation and competitive pressure), a narrative that can cap near-term multiple expansion. Google’s AI Dominance Is Being Tested. Here’s What Investors Need to Know

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 112 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $302.99, for a total transaction of $33,934.88. Following the transaction, the director owned 18,418 shares of the company’s stock, valued at $5,580,469.82. This represents a 0.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 600 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $306.73, for a total value of $184,038.00. Following the transaction, the director owned 20,624 shares of the company’s stock, valued at $6,325,999.52. The trade was a 2.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 2,112,493 shares of company stock valued at $118,605,094. 12.99% of the stock is currently owned by insiders.

Alphabet Company 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.