Oppenheimer Asset Management Inc. Sells 17,424 Shares of Alphabet Inc. $GOOGL

Oppenheimer Asset Management Inc. cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 372,859 shares of the information services provider’s stock after selling 17,424 shares during the period. Alphabet accounts for approximately 1.0% of Oppenheimer Asset Management Inc.’s holdings, making the stock its 13th biggest holding. Oppenheimer Asset Management Inc.’s holdings in Alphabet were worth $90,642,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Moment Partners LLC increased its stake in Alphabet by 9.3% during the 2nd quarter. Moment Partners LLC now owns 5,896 shares of the information services provider’s stock worth $1,039,000 after purchasing an additional 504 shares in the last quarter. Brooktree Capital Management acquired a new position in shares of Alphabet in the second quarter valued at approximately $352,000. Griffin Asset Management Inc. increased its position in shares of Alphabet by 13.9% during the third quarter. Griffin Asset Management Inc. now owns 58,731 shares of the information services provider’s stock worth $14,277,000 after acquiring an additional 7,180 shares in the last quarter. Sovran Advisors LLC raised its holdings in shares of Alphabet by 23.6% during the third quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider’s stock worth $5,401,000 after acquiring an additional 4,241 shares during the period. Finally, Birchcreek Wealth Management LLC raised its holdings in shares of Alphabet by 2.9% during the second quarter. Birchcreek Wealth Management LLC now owns 8,028 shares of the information services provider’s stock worth $1,415,000 after acquiring an additional 223 shares during the period. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of research reports. New Street Research increased their target price on Alphabet from $330.00 to $380.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Moffett Nathanson increased their price objective on Alphabet from $305.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Bank of America boosted their target price on Alphabet from $335.00 to $370.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Citic Securities raised their price target on shares of Alphabet from $230.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Wall Street Zen upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Three investment analysts have rated the stock with a Strong Buy rating, forty-three have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $366.57.

Alphabet Stock Performance

NASDAQ GOOGL opened at $311.49 on Tuesday. The firm has a market capitalization of $3.77 trillion, a P/E ratio of 28.82, a price-to-earnings-growth ratio of 1.85 and a beta of 1.09. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The firm’s fifty day moving average price is $320.38 and its two-hundred day moving average price is $280.27. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $349.00.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.25. The company had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. As a group, research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid a $0.21 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio is currently 7.77%.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 933 shares of Alphabet stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $336.55, for a total transaction of $314,001.15. Following the completion of the transaction, the chief accounting officer directly owned 9,916 shares in the company, valued at approximately $3,337,229.80. The trade was a 8.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the 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 completion of the sale, the chief executive officer owned 2,818,524 shares in the company, valued at approximately $856,605,814.08. This trade represents a 1.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 2,112,482 shares of company stock valued at $119,145,289. Insiders own 11.55% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wells Fargo upgraded Alphabet, citing that the company has “three key traits of an AI winner” — an analyst upgrade that supports the AI-led growth narrative and can boost investor confidence. Wells Fargo upgrades Google parent Alphabet, says it has ‘3 key traits of AI winner’
• Positive Sentiment: Loop Capital raised its price target on GOOGL to $355 and kept a Buy rating — a notable analyst vote of confidence implying meaningful upside from current levels. Loop Capital adjusts price target on Alphabet to $355
• Positive Sentiment: Product and AI momentum: Google launched Lyria 3 (music-generation) in beta and is getting picked as a top growth stock by some outlets — incremental product wins that reinforce Alphabet’s AI growth story and monetization pathways. Alphabet (GOOGL) Expands AI Reach Amid Market Debate
• Neutral Sentiment: Industry capex backdrop: Bridgewater estimates Big Tech will invest about $650B in AI infrastructure in 2026 — a structural tailwind for Alphabet’s cloud and AI services, though it also heightens competition and capacity risk. Big Tech to invest about $650 billion in AI in 2026, Bridgewater says
• Neutral Sentiment: Reports say Apple may pay to use Alphabet’s Gemini in Siri and Waymo clarified robotaxi remote‑driving practices — potential commercial upside and regulatory clarification, but still subject to confirmation and regulatory scrutiny. Alphabet Sits At Center Of AI And Robotaxi Shifts
• Negative Sentiment: Renaissance sold about $700M in Alphabet dividend stock — a sizable institutional sell that can add near-term selling pressure. Alphabet: Renaissance sells $700 million in dividend stock
• Negative Sentiment: An Alphabet insider sold ~$14.3M of shares — a headline that can weigh on sentiment even if occasional in normal insider activity. Alphabet (NASDAQ:GOOGL) Insider Sells $14,341,182.30 in Stock
• Negative Sentiment: Wider market worry: coverage notes hyperscalers are funding AI buildouts increasingly with debt, raising questions about capex returns and investor risk tolerance — a sector headwind that can pressure GOOGL alongside peers. How the AI debt binge shattered hyperscalers’ ‘unspoken contract’ with investors

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.