Alphabet Inc. $GOOGL Position Reduced by Triumph Capital Management

Triumph Capital Management reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 50.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,861 shares of the information services provider’s stock after selling 2,868 shares during the quarter. Triumph Capital Management’s holdings in Alphabet were worth $695,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Delta Asset Management LLC TN grew its stake in Alphabet by 0.6% in the third quarter. Delta Asset Management LLC TN now owns 6,153 shares of the information services provider’s stock worth $1,496,000 after purchasing an additional 37 shares in the last quarter. Second Line Capital LLC raised its stake in Alphabet by 0.8% during the third quarter. Second Line Capital LLC now owns 4,417 shares of the information services provider’s stock valued at $1,074,000 after buying an additional 37 shares in the last quarter. Matisse Capital lifted its holdings in Alphabet by 0.3% during the 3rd 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 during the last quarter. Rialto Wealth Management LLC lifted its holdings in Alphabet by 1.7% during the 3rd quarter. Rialto Wealth Management LLC now owns 2,226 shares of the information services provider’s stock worth $541,000 after buying an additional 38 shares during the last quarter. Finally, Hodges Capital Management Inc. grew its position in shares of Alphabet by 0.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 6,963 shares of the information services provider’s stock worth $1,693,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Key Stories Impacting Alphabet

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

Insider Transactions at Alphabet

In other Alphabet news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the company’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $19.00, for a total value of $35,060,852.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $321.21, for a total transaction 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 2,110,165 shares of company stock worth $118,134,117. Corporate insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GOOGL. Truist Financial set a $385.00 price target on Alphabet in a report on Thursday, February 5th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $400.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Loop Capital boosted their target price on shares of Alphabet from $320.00 to $355.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Citigroup increased their target price on shares of Alphabet from $350.00 to $390.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $400.00 price target on shares of Alphabet in a research report on Friday, March 13th. Three 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $367.18.

Alphabet Stock Up 0.3%

GOOGL stock opened at $302.00 on Tuesday. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $349.00. The stock has a market cap of $3.65 trillion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10. The firm’s 50-day simple moving average is $317.03 and its 200 day simple moving average is $294.07. 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 (NASDAQ:GOOGL) last announced its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate 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. As a group, sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were issued a $0.21 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is 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.