Chase Investment Counsel Corp Buys 1,974 Shares of Alphabet Inc. $GOOG

Chase Investment Counsel Corp raised its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 145.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,327 shares of the information services provider’s stock after acquiring an additional 1,974 shares during the period. Chase Investment Counsel Corp’s holdings in Alphabet were worth $810,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after purchasing an additional 6,410 shares during the last quarter. Ignite Planners LLC increased its position in Alphabet by 1.0% during the 2nd quarter. Ignite Planners LLC now owns 14,506 shares of the information services provider’s stock valued at $2,697,000 after buying an additional 144 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Alphabet by 7.4% during the second quarter. Sequoia Financial Advisors LLC now owns 594,959 shares of the information services provider’s stock valued at $105,540,000 after buying an additional 41,132 shares during the last quarter. Joseph P. Lucia & Associates LLC boosted its holdings in Alphabet by 3.7% in the second quarter. Joseph P. Lucia & Associates LLC now owns 3,134 shares of the information services provider’s stock worth $556,000 after acquiring an additional 111 shares in the last quarter. Finally, Oak Grove Capital LLC purchased a new stake in shares of Alphabet in the second quarter worth $319,000. Institutional investors own 27.26% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Large AI-infrastructure customer win — Meta has agreed to rent Google’s Tensor Processing Units for model training, a multibillion‑dollar deal that directly supports Google Cloud & TPU revenue and validates Google’s chip strategy. Google signs multibillion-dollar AI chip deal with Meta, Information reports
• Positive Sentiment: Product momentum in generative AI — Google launched Nano Banana 2, an upgraded, faster image‑generation model that improves UX in Gemini/Search and can increase user engagement across Google properties. Google rolls out Nano Banana 2 after viral success of AI image generation tool
• Positive Sentiment: Cloud/AI fundamentals remain strong — analyst commentary highlights accelerating Google Cloud revenue and AI demand (large backlog cited), reinforcing the growth narrative that underpins long‑term earnings. AI Push Provides a Boost to GOOGL’s Cloud Business: More Upside Ahead?
• Positive Sentiment: Analyst support — Wells Fargo recently upgraded Alphabet, which can help sentiment and provide buying interest amid pullbacks. Wells Fargo upgrades Alphabet (GOOG)
• Neutral Sentiment: Robotics and AV consolidation — Alphabet folded robotics software unit Intrinsic into Google and is expanding Waymo testing (Chicago/Charlotte); strategic for long‑term diversification but limited near‑term revenue impact. Alphabet-owned robotics software company Intrinsic joins Google
• Neutral Sentiment: Mixed analyst/market takes — coverage pieces compare Alphabet to other AI/cloud players; useful for framing valuation debates but not an immediate catalyst. Must-Track Streaming Stocks in the Evolving Media Landscape
• Negative Sentiment: CapEx and margin worries — market commentary and forum summaries point to investor anxiety over very large AI infrastructure spending (prior guidance and projected 2026 capex), which can pressure margins and drove earlier after‑hours weakness. Alphabet Stock (GOOG) Opinions on Q4 Earnings and Capex Guidance
• Negative Sentiment: Hidden/long‑term infrastructure obligations — a Moody’s‑cited report highlights large off‑balance‑sheet data‑center lease commitments across hyperscalers, underscoring potential future costs and financing risks. Hidden AI Costs? Big Tech Hyperscalers Hold $662 Billion In Off-Balance-Sheet Data Center Leases: Report
• Negative Sentiment: Positioning changes and selling — some funds have trimmed GOOGL stakes and there are reports of insider/manager selling that can add downward pressure in a pullback. MIG Capital Cuts Alphabet Inc. Class C Stake

Alphabet Trading Down 1.9%

Shares of Alphabet stock opened at $307.15 on Friday. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $350.15. The company’s fifty day simple moving average is $321.43 and its 200-day simple moving average is $282.05. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a market capitalization of $3.72 trillion, a PE ratio of 28.41, a P/E/G ratio of 1.84 and a beta of 1.10.

Alphabet (NASDAQ:GOOG) last released its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.23. The company had revenue of $113.83 billion during 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%. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.15 EPS. As a group, equities analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

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

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $312.30, for a total transaction of $867,569.40. Following the completion of the transaction, the chief accounting officer directly owned 8,962 shares in the company, valued at approximately $2,798,832.60. This represents a 23.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $327.30, for a total transaction of $10,637,250.00. Following the completion of the sale, the chief executive officer owned 2,211,872 shares in the company, valued at $723,945,705.60. This represents a 1.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 2,112,482 shares of company stock worth $119,145,289. 12.99% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Cantor Fitzgerald reissued a “neutral” rating on shares of Alphabet in a research report on Tuesday, January 20th. Scotiabank reiterated an “outperform” rating and set a $400.00 price target (up from $375.00) on shares of Alphabet in a report on Thursday, February 5th. JPMorgan Chase & Co. raised their price target on shares of Alphabet from $385.00 to $395.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a report on Wednesday, January 21st. Finally, Wedbush reiterated an “outperform” rating and set a $370.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Nine analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $343.90.

Alphabet Profile

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.