Cordant Inc. Acquires New Shares in Alphabet Inc. $GOOG

Cordant Inc. acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 18,346 shares of the information services provider’s stock, valued at approximately $5,757,000. Alphabet comprises 2.4% of Cordant Inc.’s holdings, making the stock its 13th biggest position.

Several other large investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Alphabet by 1.3% during the second quarter. State Street Corp now owns 188,914,125 shares of the information services provider’s stock valued at $33,511,477,000 after acquiring an additional 2,428,266 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Alphabet by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock worth $24,240,469,000 after acquiring an additional 7,904,434 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Alphabet by 5.8% in the 3rd quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider’s stock worth $9,749,864,000 after acquiring an additional 2,209,203 shares during the period. Legal & General Group Plc lifted its position in Alphabet by 0.7% in the 3rd quarter. Legal & General Group Plc now owns 32,583,332 shares of the information services provider’s stock valued at $7,935,671,000 after purchasing an additional 223,743 shares during the last quarter. Finally, Capital World Investors boosted its stake in Alphabet by 1.9% during the 3rd quarter. Capital World Investors now owns 28,625,464 shares of the information services provider’s stock valued at $6,971,769,000 after purchasing an additional 539,679 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 112 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $302.99, for a total transaction of $33,934.88. Following the completion of the transaction, the director directly owned 18,418 shares of the company’s stock, valued at approximately $5,580,469.82. This trade represents a 0.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction on Monday, March 16th. The shares were sold at an average price of $303.41, for a total value of $318,580.50. Following the transaction, the director owned 4,631 shares in the company, valued at approximately $1,405,091.71. This trade represents a 18.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,110,165 shares of company stock valued at $118,134,117 over the last three months. 12.99% of the stock is owned by company insiders.

Alphabet Stock Down 2.5%

Alphabet stock opened at $273.76 on Friday. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $350.15. The stock has a market cap of $3.31 trillion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.60 and a beta of 1.10. The company’s 50-day moving average price is $312.93 and its two-hundred day moving average price is $295.39. 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:GOOG) last issued its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.15 EPS. On average, analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. KeyCorp set a $370.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Wells Fargo & Company raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. TD Cowen reiterated a “buy” rating and set a $365.00 price objective (up from $355.00) on shares of Alphabet in a research report on Thursday, February 5th. Oppenheimer reissued an “outperform” rating and issued a $360.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Finally, Needham & Company LLC set a $400.00 target price on Alphabet and gave the company a “buy” rating in a research report on Friday, March 13th. Nine research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $345.71.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is deepening its AI infrastructure ties by backing a massive Texas data‑center project to be leased by Anthropic — a strategic move that secures capacity for large AI models and strengthens a key partner relationship. Read More.
• Positive Sentiment: Wall Street has been raising targets: Needham and other analysts have issued $400+/high‑3xx targets and firms like Wells Fargo raised theirs recently — supporting medium‑term upside narratives despite the pullback. Read More.
• Positive Sentiment: Fundamentals remain strong: recent quarterly beats, accelerating Google Cloud backlog (~$240B reported), and rapid Gemini adoption underpin revenue visibility and long‑term growth expectations. Read More.
• Positive Sentiment: Google Research’s TurboQuant memory‑compression work has spooked memory suppliers but can be a net positive for Alphabet — lower AI infrastructure costs and greater model efficiency improve margins and competitive positioning. Read More.
• Neutral Sentiment: Technically the stock is in a correction from its highs and some commentators frame the selloff as a buying opportunity; price action below key short‑term supports is increasing volatility but not yet changing the longer‑term bull case. Read More.
• Negative Sentiment: Legal risk intensified after a high‑profile jury found YouTube (Alphabet) liable in a social‑media addiction bellwether case — the direct damages are small but the ruling increases headline and litigation risk across many pending suits and could force product or regulatory changes that hit engagement/ads. Read More.
• Negative Sentiment: Broader market and geopolitical pressures: a tech sector selloff (Nasdaq weakness, Iran war worries) and legal blows to peers like Meta have amplified outflows from large cap tech, pressuring GOOG along with the group. Read More.
• Negative Sentiment: Institutional/insider moves and high‑profile position trims (reported sales and some billionaire reductions) add selling pressure and headline risk in the near term. Read More.

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.