Everhart Financial Group Inc. Acquires 5,542 Shares of Alphabet Inc. $GOOGL

Everhart Financial Group Inc. increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 15.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 42,230 shares of the information services provider’s stock after purchasing an additional 5,542 shares during the quarter. Alphabet comprises 1.2% of Everhart Financial Group Inc.’s investment portfolio, making the stock its 11th largest holding. Everhart Financial Group Inc.’s holdings in Alphabet were worth $13,218,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price target on shares of Alphabet in a research note on Friday, March 13th. China Renaissance raised their price objective on Alphabet from $330.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 6th. DA Davidson boosted their price objective on Alphabet from $300.00 to $310.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. New Street Research upped their target price on Alphabet from $330.00 to $380.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Finally, Wedbush increased their target price on Alphabet from $360.00 to $370.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Three research 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $367.18.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $301.00 on Monday. 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 stock has a market cap of $3.64 trillion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10. The stock’s fifty day simple moving average is $317.62 and its two-hundred day simple moving average is $293.58. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $349.00.

Alphabet (NASDAQ:GOOGL) last posted 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 $2.57 by $0.25. The firm 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%. As a group, analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: DeepMind hired Jasjeet Sekhon, Bridgewater’s chief scientist, as chief strategy officer — a high‑profile talent win that reinforces Alphabet’s DeepMind AI bench and long‑term product roadmap. Exclusive: Bridgewater’s chief scientist Sekhon to join Google’s DeepMind AI unit
• Positive Sentiment: High‑profile endorsement: Elon Musk tweeted that Google will “win the AI race in the West,” a bullish signal for market perception of Alphabet’s AI leadership. Elon Musk Says China Will Win The AI Race, But Here’s Where SpaceX Will Win
• Positive Sentiment: Product momentum: Google’s new “Stitch” AI design features are pressuring rivals (e.g., Figma’s stock fell), underscoring expanding addressable market for Google’s AI tools. Figma’s stock drops 11% in two days after Google releases ‘vibe design’ product
• Positive Sentiment: Market commentary highlights Alphabet’s operational strength (consecutive earnings beats, Cloud acceleration), supporting the bullish analyst consensus and relative outperformance among mega‑caps. 2 Tech Giants Holding Their Ground While the Market Slides
• Neutral Sentiment: Insider sales disclosed: CEO Sundar Pichai sold ~32,500 shares (~$10M) and Director John Hennessy sold a small stake — notable but small relative to total insider holdings; monitor if these continue. Insider filing: Sundar Pichai sale
• Neutral Sentiment: Short‑interest data in the feeds appears anomalous/zero and provides no clear signal (no days‑to‑cover build reported).
• Neutral Sentiment: Competitive takes: Analysts compare Snowflake and Alphabet on cloud analytics — SNOW’s momentum is notable but doesn’t negate Google Cloud’s growth trajectory. Snowflake vs Alphabet: Which Cloud Analytics Stock Has an Edge Now?
• Negative Sentiment: Investor concern about massive hyperscaler AI spending — analysts flag $410B+ capex across hyperscalers and question near‑term returns, a theme that can pressure tech multiples including GOOGL. Forget the War Headlines: This Is the Real Reason Tech Stocks Are Struggling
• Negative Sentiment: Valuation debate persists: coverage notes shifting investment story as AI deals and capex raise questions about near‑term upside despite solid fundamentals. How The Alphabet (GOOGL) Investment Story Is Shifting With AI Deals And Valuation Questions

Insider Transactions at Alphabet

In other Alphabet news, insider John Kent Walker sold 47,574 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the sale, the insider owned 13,227 shares in the company, valued at approximately $3,987,279.15. This trade represents a 78.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $303.41, for a total transaction of $318,580.50. Following the transaction, the director directly owned 4,631 shares in the company, valued at approximately $1,405,091.71. This represents a 18.48% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 2,110,165 shares of company stock worth $118,134,117. Company insiders own 11.55% of the company’s stock.

Alphabet Company 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.