Alphabet Inc. $GOOGL is OFI Invest Asset Management’s 4th Largest Position

OFI Invest Asset Management grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 18.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,242,861 shares of the information services provider’s stock after purchasing an additional 192,735 shares during the period. Alphabet makes up 4.9% of OFI Invest Asset Management’s portfolio, making the stock its 4th biggest holding. OFI Invest Asset Management’s holdings in Alphabet were worth $389,015,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Members Trust Co grew its position in shares of Alphabet by 0.5% during the 4th quarter. Members Trust Co now owns 6,434 shares of the information services provider’s stock valued at $2,014,000 after purchasing an additional 31 shares in the last quarter. Lifelong Wealth Advisors Inc. grew its position in shares of Alphabet by 1.9% during the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,728 shares of the information services provider’s stock valued at $541,000 after purchasing an additional 33 shares in the last quarter. White Wing Wealth Management grew its position in shares of Alphabet by 2.9% during the 4th quarter. White Wing Wealth Management now owns 1,155 shares of the information services provider’s stock valued at $362,000 after purchasing an additional 33 shares in the last quarter. Quantum Financial Advisors LLC grew its position in shares of Alphabet by 0.3% during the 4th quarter. Quantum Financial Advisors LLC now owns 11,799 shares of the information services provider’s stock valued at $3,693,000 after purchasing an additional 34 shares in the last quarter. Finally, MRA Advisory Group grew its position in shares of Alphabet by 2.7% during the 4th quarter. MRA Advisory Group now owns 1,310 shares of the information services provider’s stock valued at $410,000 after purchasing an additional 35 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Multiple analyst upgrades and higher price targets signal bullish expectations around Google Cloud and AI monetization: Cantor Fitzgerald raised its target to $395 and KeyCorp lifted its target to $380, citing momentum into Cloud Next. Cantor Fitzgerald price target raise KeyCorp target lift
• Positive Sentiment: Google is expanding its TPU/AI-inference push and getting growing demand from big AI customers (Anthropic, Meta). That strengthens cloud differentiation and potential high-margin hardware/service revenues. Google expands TPU push
• Positive Sentiment: Reports that Google is in talks with Marvell to develop inference-focused AI chips point to verticalization of Google’s AI stack (could reduce reliance on external suppliers and improve cloud differentiation). These reports lifted chip names and echo the TPU push. Reuters: Marvell-Google talks
• Neutral Sentiment: Some coverage and trade commentary highlight heavy investor attention and short-term volatility around GOOGL (Zacks pieces noting larger-than-market moves); useful for traders but not necessarily directional for fundamentals. Zacks: Why GOOGL dipped
• Neutral Sentiment: Initial Marvell gains were pared after analysts disputed the scope/timing of any Google deal, introducing uncertainty about the immediate impact and which vendors will benefit. Marvell gains pared
• Negative Sentiment: eMarketer projects Meta will overtake Google in digital ad revenue this year — a red flag for Google’s core ad growth narrative and a potential headwind for revenue expectations. eMarketer: Meta set to surpass Google
• Negative Sentiment: Investor concern about rising AI-related spending (reports that Alphabet will materially increase AI investment) can pressure near-term margins even as it supports long-term growth—this likely contributed to today’s pullback after a strong April rally. Fool on AI spending concerns

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total value of $9,877,400.00. Following the transaction, the chief executive officer owned 2,818,524 shares in the company, valued at $856,605,814.08. This trade represents a 1.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of Alphabet stock in a transaction on Friday, January 30th. The stock was sold at an average price of $19.00, for a total transaction of $35,060,852.00. The SEC filing for this sale provides additional information. Insiders have sold 2,069,794 shares of company stock worth $104,854,147 in the last 90 days. 11.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of recent analyst reports. Piper Sandler restated an “overweight” rating and set a $395.00 price target (up from $365.00) on shares of Alphabet in a research report on Thursday, February 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price objective on shares of Alphabet in a report on Wednesday, April 8th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $375.00 price objective (up from $330.00) on shares of Alphabet in a report on Tuesday, January 13th. Evercore reaffirmed an “outperform” rating and set a $400.00 price objective (up from $325.00) on shares of Alphabet in a report on Thursday, February 5th. Finally, Daiwa Securities Group lifted their price objective on shares of Alphabet from $333.00 to $380.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $368.94.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $337.42 on Tuesday. The stock has a market cap of $4.08 trillion, a PE ratio of 31.21, a PEG ratio of 2.11 and a beta of 1.12. The company’s fifty day moving average is $307.09 and its 200 day moving average is $302.81. Alphabet Inc. has a 52 week low of $146.10 and a 52 week high of $349.00. 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 issued its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. The company had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. Research analysts anticipate that Alphabet Inc. will post 11.53 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is presently 7.77%.

Alphabet Company 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.