First Horizon Corp Makes New Investment in Alphabet Inc. $GOOGL

First Horizon Corp bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 82,493 shares of the information services provider’s stock, valued at approximately $20,054,000. Alphabet comprises 0.9% of First Horizon Corp’s investment portfolio, making the stock its 28th largest position.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in shares of Alphabet in the second quarter worth about $21,944,208,000. Laurel Wealth Advisors LLC raised its position in Alphabet by 17,667.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 15,245,075 shares of the information services provider’s stock worth $2,686,640,000 after purchasing an additional 15,159,273 shares during the last quarter. Franklin Resources Inc. raised its position in Alphabet by 51.7% in the 2nd quarter. Franklin Resources Inc. now owns 31,817,684 shares of the information services provider’s stock worth $5,607,232,000 after purchasing an additional 10,843,853 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Alphabet by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 516,559,609 shares of the information services provider’s stock worth $91,033,300,000 after buying an additional 6,733,278 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Alphabet by 201.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,547,250 shares of the information services provider’s stock valued at $1,153,824,000 after buying an additional 4,374,542 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Apple ties Gemini to Siri, widening Gemini distribution and strengthening Alphabet’s AI moat — a material revenue/strategic positive for GOOGL that supports premium multiples and growth expectations. How Apple’s Gemini-Powered Siri Deal Will Impact Alphabet (GOOGL) Investors
• Positive Sentiment: Multiple bullish analyst moves — Wolfe Research lifted its price target to $390, Raymond James upgraded to “strong buy” and raised targets (reports of a $400 target), and Deutsche Bank raised its target — fueling buy-side momentum and supporting upside expectations. Wolfe Research Adjusts Price Target
• Positive Sentiment: Google pushes into AI shopping and other AI-enabled monetization avenues — analysts and outlets highlight accelerating product-led revenue opportunities that underpin long-term growth. Google’s Making a Splash in AI Shopping
• Neutral Sentiment: Technical/market commentary: recent ~3–4% pullback called a routine consolidation within a long-term uptrend — suggests no fundamental change but signals caution for investors seeking cheaper entry points. Alphabet Cools After the Run: Buy Now or Wait for a Better Entry?
• Neutral Sentiment: Waymo launched robotaxi service in Miami (business expansion) — growth opportunity for autonomous revenue but not yet material to near-term GAAP results. Waymo launches robotaxi service in Miami
• Negative Sentiment: NTSB opens an investigation after Waymo robotaxis were recorded illegally passing stopped school buses multiple times — raises regulatory, safety and reputational risks for Alphabet’s autonomous-driving unit and could lead to operational constraints or fines. US safety board opens probe into Waymo robotaxis passing stopped school buses
• Negative Sentiment: Federal judge allowed a consumer antitrust lawsuit over Google’s default-search payments to proceed — continued legal exposure that could affect search economics and ad revenue over time. Judge Orders Google to Face Consumer Antitrust Lawsuit Over Search

Alphabet Stock Down 0.8%

Shares of NASDAQ GOOGL opened at $328.04 on Friday. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $340.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market cap of $3.96 trillion, a P/E ratio of 32.35, a P/E/G ratio of 1.82 and a beta of 1.08. The firm has a 50 day moving average price of $315.65 and a 200 day moving average price of $259.50.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The company had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. Analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 17,829 shares of the firm’s stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $314.89, for a total transaction of $5,614,173.81. Following the sale, the insider owned 42,972 shares of the company’s stock, valued at $13,531,453.08. This trade represents a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $312.30, for a total value of $867,569.40. Following the completion of the transaction, the chief accounting officer owned 8,962 shares of the company’s stock, valued at $2,798,832.60. This represents a 23.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 222,409 shares of company stock worth $68,564,532. Corporate insiders own 11.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GOOGL shares. Cantor Fitzgerald lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Piper Sandler restated an “overweight” rating and set a $365.00 target price (up from $330.00) on shares of Alphabet in a research report on Thursday, December 11th. Stifel Nicolaus set a $346.00 target price on shares of Alphabet and gave the company a “buy” rating in a research note on Friday. CICC Research lifted their price target on shares of Alphabet from $240.00 to $303.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Morgan Stanley increased their price objective on shares of Alphabet from $270.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-two have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $331.40.

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.