CIBC Bancorp USA Inc. Makes New $305.10 Million Investment in Alphabet Inc. $GOOG

CIBC Bancorp USA Inc. purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,252,724 shares of the information services provider’s stock, valued at approximately $305,101,000. Alphabet makes up about 1.1% of CIBC Bancorp USA Inc.’s holdings, making the stock its 15th biggest holding.

A number of other institutional investors have also modified their holdings of GOOG. Tradewinds LLC. increased its stake in Alphabet by 2,134.8% in the third quarter. Tradewinds LLC. now owns 45,098 shares of the information services provider’s stock valued at $10,984,000 after purchasing an additional 43,080 shares during the last quarter. Atlantic Union Bankshares Corp boosted its stake in Alphabet by 31.3% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider’s stock worth $86,345,000 after buying an additional 84,553 shares during the last quarter. Baltimore Washington Financial Advisors Inc. boosted its stake in Alphabet by 0.9% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider’s stock worth $53,920,000 after buying an additional 2,009 shares during the last quarter. CWA Asset Management Group LLC grew its holdings in Alphabet by 2.2% in the 3rd quarter. CWA Asset Management Group LLC now owns 157,143 shares of the information services provider’s stock valued at $38,272,000 after buying an additional 3,444 shares during the period. Finally, American National Bank of Texas purchased a new stake in Alphabet in the 3rd quarter valued at about $900,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOG opened at $306.30 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $350.15. The firm has a market capitalization of $3.71 trillion, a P/E ratio of 28.33, a P/E/G ratio of 1.81 and a beta of 1.10. The business’s 50-day simple moving average is $318.68 and its 200-day simple moving average is $292.32.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.23. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The firm had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. During the same quarter in the prior year, the company earned $2.15 EPS. The company’s revenue was up 18.0% on a year-over-year basis. Equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

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

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the transaction, the chief executive officer owned 1,642,060 shares of the company’s stock, valued at approximately $505,573,853.40. This trade represents a 1.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $302.99, for a total transaction of $33,934.88. Following the transaction, the director owned 18,418 shares in the company, valued at $5,580,469.82. The trade was a 0.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 2,109,115 shares of company stock valued at $117,815,536. 12.99% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research analyst reports. Needham & Company LLC set a $400.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research note on Friday, March 13th. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a report on Wednesday, January 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a $365.00 price target on shares of Alphabet in a research report on Monday, January 5th. Pivotal Research reaffirmed a “buy” rating and set a $420.00 price target (up from $400.00) on shares of Alphabet in a research note on Thursday, February 5th. Finally, BNP Paribas Exane assumed coverage on shares of Alphabet in a report on Monday, November 24th. They issued an “outperform” rating on the stock. Nine investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $345.71.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: DeepMind hires Jasjeet Sekhon from Bridgewater as chief strategy officer, strengthening DeepMind’s strategic and research bench at a time when top AI talent is a competitive advantage. Bridgewater’s chief scientist Sekhon to join Google’s DeepMind AI unit
• Positive Sentiment: Google rolled out a redesigned Stitch AI design tool that analysts/publications say can displace incumbents (Adobe, Figma), creating near-term competitive pressure on rivals and reinforcing Google’s product-led push into AI-powered developer/designer workflows. Adobe Stock Drops After Google’s Stitch Redesign
• Positive Sentiment: Alphabet’s Wiz acquisition (cloud security) and other cloud investments continue to beef up Google Cloud’s product stack, supporting revenue/corporate sales momentum versus AWS/Azure. GOOGL’s Wiz Buyout Expands Cloud Security Portfolio: What’s Ahead?
• Positive Sentiment: Reports say Google is expanding ties with the U.S. military and is well positioned to benefit after rivals stumble — a potential source of large, recurring cloud and services contracts. Google Sits Pretty as A.I. Rivals Compete for Pentagon Favor
• Positive Sentiment: Alphabet is in talks to buy liquid-cooling systems from Chinese vendors (Envicool and others) and may acquire a Chinese cooling firm — moves aimed at supporting energy-efficient AI data center scale. This reduces future supply/capacity constraints for AI workloads. Google in talks with China’s Envicool, others to buy data centre cooling systems, sources say
• Neutral Sentiment: Google told UK regulators it will let sites opt out of generative-AI features in search, a concession meant to ease competition concerns — reduces regulatory overhang but could limit product scope in the UK. Google to allow AI opt-out to ease UK competition concerns
• Neutral Sentiment: Alphabet paid a small dividend on March 16 ($0.21/share) — a modest cash return that is unlikely to move the stock materially but supports shareholder yield narrative. Google stock just paid dividends; here’s how much investors received
• Negative Sentiment: Analysts flag valuation/near-term margin pressure — Alphabet’s elevated P/E and rising capex for AI/data centers keep some investors cautious despite strong growth. Is Alphabet Stock’s 25.55X PE Still Worth it? Buy, Sell, or Hold?
• Negative Sentiment: High executive compensation scrutiny after reports of Sundar Pichai’s large pay package could raise governance concerns for some investors. What Sundar Pichai’s $692 Million Pay Package Says About Alphabet’s Next Chapter

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.