CGN Advisors LLC Grows Holdings in Alphabet Inc. $GOOG

CGN Advisors LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 163.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,264 shares of the information services provider’s stock after buying an additional 5,747 shares during the quarter. CGN Advisors LLC’s holdings in Alphabet were worth $2,907,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Legacy Wealth Management LLC MS raised its holdings in Alphabet by 17.1% in the fourth quarter. Legacy Wealth Management LLC MS now owns 9,173 shares of the information services provider’s stock valued at $2,878,000 after acquiring an additional 1,340 shares in the last quarter. GK Wealth Management LLC boosted its stake in Alphabet by 94.9% during the 4th quarter. GK Wealth Management LLC now owns 7,141 shares of the information services provider’s stock valued at $2,241,000 after acquiring an additional 3,477 shares during the last quarter. Grant Private Wealth Management Inc grew its holdings in Alphabet by 1.9% during the 4th quarter. Grant Private Wealth Management Inc now owns 9,098 shares of the information services provider’s stock worth $2,855,000 after acquiring an additional 170 shares in the last quarter. Trust Co of the South increased its position in shares of Alphabet by 3.0% in the 4th quarter. Trust Co of the South now owns 9,061 shares of the information services provider’s stock worth $2,843,000 after purchasing an additional 261 shares during the last quarter. Finally, Foguth Wealth Management LLC. bought a new stake in shares of Alphabet in the 4th quarter worth about $999,000. Institutional investors own 27.26% of the company’s stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: DeepMind hires Bridgewater’s chief scientist Jasjeet Sekhon — a high‑profile talent win that strengthens Alphabet’s AI research and commercial credentials versus rivals. Read More.
• Positive Sentiment: Google Cloud + CVS launch “Health100” using Gemini models — expands Gemini into consumer healthcare (pharmacy, insurance, wearables) and creates a potential recurring revenue stream for cloud/AI services. Read More.
• Positive Sentiment: Product momentum: Stitch “vibe design” update is drawing real competition away from incumbents (Figma/Adobe) — suggests faster AI‑driven product monetization and market expansion for developer/designer tools. Read More.
• Positive Sentiment: Google struck agreements with five U.S. utilities to curb data‑center power use at peak demand — reduces brownout/cost risk for data‑center expansion and supports more predictable AI operations. Read More.
• Neutral Sentiment: Alphabet is pursuing Pentagon contracts (coverage and video reports) — potential contract upside but comes with employee/PR controversy given industry disputes; outcome is uncertain for near‑term revenue. Read More.
• Negative Sentiment: Supply‑chain/geopolitical risk: reports that Alphabet is increasing use of Chinese suppliers for advanced liquid cooling raise export‑control and political risks for global AI builds. Read More.
• Negative Sentiment: Insider selling: CEO Sundar Pichai and several directors have disclosed recent SEC‑filed share sales — repeated large insider sales can spook short‑term sentiment even if they are scheduled or for diversification. Read More.
• Negative Sentiment: Broader valuation/capex concern: commentary on massive hyperscaler AI capex and uncertain timing of returns is pressuring multiples across cloud/AI names, including Alphabet. Read More.

Analyst Upgrades and Downgrades

GOOG has been the topic of several research analyst reports. Wedbush reaffirmed an “outperform” rating and set a $370.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Scotiabank reissued an “outperform” rating and issued a $400.00 price objective (up from $375.00) on shares of Alphabet in a report on Thursday, February 5th. Oppenheimer restated an “outperform” rating and set a $360.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. DZ Bank raised Alphabet to a “strong-buy” rating in a report on Monday, February 16th. Finally, Needham & Company LLC set a $400.00 target price on Alphabet and gave the stock a “buy” rating in a research report on Friday, March 13th. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $345.71.

Alphabet Stock Down 2.3%

Shares of Alphabet stock opened at $298.79 on Friday. 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 business’s 50 day simple moving average is $317.66 and its 200-day simple moving average is $293.01. The stock has a market capitalization of $3.61 trillion, a price-to-earnings ratio of 27.64, a PEG ratio of 1.79 and a beta of 1.10. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $350.15.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, February 5th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.23. The business had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.15 EPS. Equities research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

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 dividend payout ratio (DPR) is presently 7.77%.

Insider Activity

In other news, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the transaction, the director owned 4,631 shares in the company, valued at approximately $1,405,091.71. This represents a 18.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $19.00, for a total transaction of $35,060,852.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 2,110,165 shares of company stock worth $118,134,117. 12.99% of the stock is owned by insiders.

Alphabet Company 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.