1,712,123 Shares in Alphabet Inc. $GOOGL Bought by CIBC Bancorp USA Inc.

CIBC Bancorp USA Inc. purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,712,123 shares of the information services provider’s stock, valued at approximately $416,217,000. Alphabet comprises about 1.4% of CIBC Bancorp USA Inc.’s portfolio, making the stock its 10th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Delta Asset Management LLC TN grew its position in shares of Alphabet by 0.6% during the 3rd quarter. Delta Asset Management LLC TN now owns 6,153 shares of the information services provider’s stock worth $1,496,000 after buying an additional 37 shares during the period. Second Line Capital LLC grew its stake in shares of Alphabet by 0.8% in the 3rd quarter. Second Line Capital LLC now owns 4,417 shares of the information services provider’s stock valued at $1,074,000 after buying an additional 37 shares during the period. Matisse Capital raised its stake in Alphabet by 0.3% during the 3rd quarter. Matisse Capital now owns 14,814 shares of the information services provider’s stock worth $3,601,000 after buying an additional 38 shares during the period. Rialto Wealth Management LLC grew its stake in Alphabet by 1.7% in the third quarter. Rialto Wealth Management LLC now owns 2,226 shares of the information services provider’s stock valued at $541,000 after acquiring an additional 38 shares during the period. Finally, Hodges Capital Management Inc. raised its position in shares of Alphabet by 0.5% during the third quarter. Hodges Capital Management Inc. now owns 6,963 shares of the information services provider’s stock worth $1,693,000 after purchasing an additional 38 shares during the period. Institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on GOOGL shares. Evercore restated an “outperform” rating and set a $400.00 price target (up from $325.00) on shares of Alphabet in a research note on Thursday, February 5th. Roth Mkm upped their target price on shares of Alphabet from $365.00 to $395.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Moffett Nathanson lifted their price target on Alphabet from $305.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. President Capital increased their price objective on Alphabet from $323.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Finally, Sanford C. Bernstein lifted their target price on Alphabet from $305.00 to $335.00 and gave the company a “market perform” rating in a research report on Monday, February 2nd. Three research analysts have rated the stock with a Strong Buy rating, forty-three have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $367.18.

Alphabet Stock Performance

Shares of GOOGL opened at $307.69 on Thursday. The stock has a 50 day moving average of $318.54 and a 200 day moving average of $291.85. The company has a market capitalization of $3.72 trillion, a price-to-earnings ratio of 28.46, a PEG ratio of 1.82 and a beta of 1.10. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $349.00. 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 (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.25. The firm had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, March 9th. Alphabet’s payout ratio is presently 7.77%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Top AI and strategy hires strengthen DeepMind execution — Jasjeet Sekhon, Bridgewater’s chief scientist, is joining Google’s DeepMind as chief strategy officer, boosting AI talent and strategy depth that supports product leadership and monetization opportunities. Article Title
• Positive Sentiment: Cloud/security M&A expands enterprise angle — Alphabet’s acquisition of Wiz strengthens Google Cloud’s security stack, a key competitive lever vs. AWS/Azure and a driver of higher-margin, enterprise revenue. Article Title
• Positive Sentiment: Defense relationships could open government revenue paths — reporting says Google has rebuilt ties with the Pentagon, which could translate to lucrative contracts if political headwinds remain manageable. Article Title
• Positive Sentiment: AI product momentum pressures rivals — Google’s Stitch redesign (AI → UI generation) is already rattling competitors like Adobe, signaling product strength that could help user growth and ad/cloud adoption. Article Title
• Neutral Sentiment: Regulatory concession may reduce UK friction — Google said it will build search controls allowing sites to opt out of generative-AI features, a move that could blunt UK CMA concerns but may limit feature reach. Article Title
• Neutral Sentiment: Supply-chain / infrastructure sourcing discussions — Google is in talks with Chinese firms for data-center liquid-cooling equipment; could reduce capex cost or invite scrutiny depending on geopolitics. Article Title
• Negative Sentiment: Large planned capex raises near-term margin and valuation questions — Alphabet’s plan to invest up to ~$185B by 2026 and higher AI-driven capex fuels concerns about margin pressure and whether current P/E already prices in that spending. Article Title
• Negative Sentiment: Valuation debate persists despite upbeat fundamentals — analysts remain optimistic, but some write-ups flag Alphabet’s ~25–29x P/E and rising capex as limiting near-term upside vs. expectations. Article Title

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $321.21, for a total transaction of $10,439,325.00. Following the completion of the transaction, the chief executive officer directly owned 2,244,372 shares of the company’s stock, valued at approximately $720,914,730.12. This represents a 1.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $19.00, for a total value of $35,060,852.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,110,165 shares of company stock valued at $118,134,117 over the last quarter. 11.64% of the stock is currently owned by insiders.

About Alphabet

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.