Oppenheimer & Co. Inc. Decreases Stock Position in Alphabet Inc. $GOOG

Oppenheimer & Co. Inc. lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 421,475 shares of the information services provider’s stock after selling 2,817 shares during the period. Alphabet accounts for 1.3% of Oppenheimer & Co. Inc.’s investment portfolio, making the stock its 9th largest holding. Oppenheimer & Co. Inc.’s holdings in Alphabet were worth $102,650,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GOOG. Fairman Group LLC increased its stake in Alphabet by 121.3% in the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock worth $31,000 after buying an additional 97 shares in the last quarter. University of Illinois Foundation purchased a new stake in shares of Alphabet during the second quarter worth about $31,000. Manning & Napier Advisors LLC purchased a new stake in shares of Alphabet during the third quarter worth about $32,000. Horrell Capital Management Inc. raised its stake in Alphabet by 100.0% during the 2nd quarter. Horrell Capital Management Inc. now owns 200 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 100 shares during the period. Finally, LGT Financial Advisors LLC purchased a new position in Alphabet in the 2nd quarter worth approximately $37,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 600 shares of the stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $337.52, for a total value of $202,512.00. Following the sale, the director owned 21,224 shares of the company’s stock, valued at approximately $7,163,524.48. This represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $19.00, for a total transaction of $35,060,852.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,069,864 shares of company stock worth $105,985,041 in the last ninety days. Corporate insiders own 12.99% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s results and AI traction remain strong: Cloud revenue and enterprise backlog are accelerating and Gemini user metrics/support drive upside to long‑term monetization. Zacks: The Zacks Analyst Alphabet…
• Positive Sentiment: Waymo deployment of next‑gen robotaxis signals commercial progress for Alphabet’s autonomous‑vehicle unit, a longer‑term growth catalyst. CNBC: Waymo begins deploying next‑gen Ojai robotaxis
• Neutral Sentiment: Some large asset managers are net buying while others trimmed positions — BNP Paribas added a multi‑million share position in GOOG, offsetting other institutional reductions. QuiverQuant: BNP Paribas fund update
• Neutral Sentiment: Reported short‑interest figures in recent feeds show zero shares (likely a data anomaly), so shorting activity is not a clear driver today.
• Negative Sentiment: Alphabet completed a very large multi‑currency debt offering (including long‑dated tranches/century bond reports), which has spooked some investors worried about aggressive debt‑funded CapEx and the lack of customary bond protections. Reuters: Alphabet bonds’ lack of guardrails…
• Negative Sentiment: Management guided 2026 CapEx sharply higher (~$175–$185B), and the market has treated that as a near‑term cash‑flow/headwind risk despite its AI rationale — this contributed to post‑earnings weakness. Zacks: Alphabet drops 7% post Q4 earnings
• Negative Sentiment: EU antitrust scrutiny has resurfaced: regulators are probing Google’s search‑ads auction/pricing practices in Europe, introducing regulatory risk for ad monetization. Reuters: Google targeted by EU over search advertising auction practices
• Negative Sentiment: Notable institutional trimming reported in 13F updates (e.g., Neuberger, Swiss National Bank saw reductions), which can pressure intraday liquidity/psychology even as other funds add exposure. QuiverQuant: Neuberger Berman fund update

Analyst Ratings Changes

A number of brokerages have issued reports on GOOG. Piper Sandler reaffirmed an “overweight” rating and set a $395.00 price objective on shares of Alphabet in a report on Thursday, February 5th. BMO Capital Markets reiterated an “outperform” rating and issued a $400.00 price target on shares of Alphabet in a report on Thursday, February 5th. Pivotal Research reiterated a “buy” rating and issued a $420.00 price target (up previously from $400.00) on shares of Alphabet in a research note on Thursday, February 5th. HSBC restated a “buy” rating and set a $335.00 price objective on shares of Alphabet in a research report on Thursday, October 30th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $365.00 target price on shares of Alphabet in a research report on Monday, January 5th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $343.90.

Alphabet Stock Down 1.1%

Shares of NASDAQ GOOG opened at $306.02 on Friday. 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 12-month low of $142.66 and a 12-month high of $350.15. The firm’s 50-day moving average price is $321.87 and its 200-day moving average price is $275.59. The stock has a market capitalization of $3.69 trillion, a price-to-earnings ratio of 28.31, a P/E/G ratio of 1.80 and a beta of 1.10.

Alphabet (NASDAQ:GOOG) last released 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 return on equity of 35.01% and a net margin of 32.81%.The company had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. During the same quarter last year, the business posted $2.15 earnings per share. The firm’s revenue was up 18.0% on a year-over-year basis. On average, equities research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be given a dividend of $0.21 per share. 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 payout ratio is currently 7.77%.

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.