CoreCap Advisors LLC Lowers Holdings in Alphabet Inc. $GOOGL

CoreCap Advisors LLC trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 25.8% during the 4th quarter, Holdings Channel reports. The fund owned 35,540 shares of the information services provider’s stock after selling 12,354 shares during the quarter. CoreCap Advisors LLC’s holdings in Alphabet were worth $11,124,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mather Group LLC. lifted its holdings in Alphabet by 2.8% in the fourth quarter. Mather Group LLC. now owns 60,383 shares of the information services provider’s stock valued at $18,900,000 after acquiring an additional 1,662 shares during the period. Granite Group Advisors LLC boosted its position in Alphabet by 3.2% in the 4th quarter. Granite Group Advisors LLC now owns 9,768 shares of the information services provider’s stock worth $3,057,000 after purchasing an additional 304 shares in the last quarter. Sage Advisors LLC grew its stake in shares of Alphabet by 18.6% during the 4th quarter. Sage Advisors LLC now owns 2,840 shares of the information services provider’s stock worth $889,000 after purchasing an additional 446 shares during the period. LongView Wealth Management grew its stake in shares of Alphabet by 6.8% during the 4th quarter. LongView Wealth Management now owns 4,078 shares of the information services provider’s stock worth $1,353,000 after purchasing an additional 261 shares during the period. Finally, FC Advisory LLC purchased a new position in shares of Alphabet during the 4th quarter valued at approximately $208,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wells Fargo raised its price target to $397, citing growing opportunities to monetize Google Cloud — a direct positive for revenue growth and valuation expectations. Wells Fargo raises PT
• Positive Sentiment: Needham reiterated a Buy with a $400 target, reinforcing buy-side analyst conviction and supporting upside narratives for the stock. Needham reiterates Buy
• Positive Sentiment: Google launched Veo 3.1 Lite — a lower‑cost AI video model — which should accelerate adoption of Google’s video AI tools and expand addressable market for cloud AI services. Google unveils cheaper AI video model
• Positive Sentiment: Bloomberg/press reports that Google plans a screenless Fitbit band later this year — a small but positive product diversification play that could help hardware revenue and ecosystem engagement. Google readies screenless Fitbit
• Positive Sentiment: Several outlets highlight recent analyst upgrades and buy-side interest (including a MarketBeat feature listing Alphabet among core AI/cloud plays), reinforcing momentum into mega‑caps when market breadth favors growth. MarketBeat AI cloud list
• Neutral Sentiment: Zacks and Benzinga pieces note Alphabet outpaced the market and benefited from broad sector strength — helpful context but not a company-specific fundamental change. Zacks: Outpaced market
• Neutral Sentiment: Alphabet issued long‑dated debt (including a 100‑year tranche), a signal of financing flexibility and confidence in cash flows; bond activity is generally neutral for near‑term equity moves but relevant for capital structure. Alphabet taps debt markets
• Negative Sentiment: Billionaire Ray Dalio trimmed his Alphabet stake — a headline that can stoke short‑term selling or be read as portfolio rebalancing by large holders. Dalio reduces position
• Negative Sentiment: Child development experts petitioned Google to block AI‑generated videos aimed at kids and Indonesia summoned Google over child social‑media rules — regulatory and content‑risk headlines that could pressure YouTube monetization and increase moderation costs. Experts urge Google on AI videos Indonesia summons Google

Insider Buying and Selling

In related news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $303.41, for a total value of $318,580.50. Following the sale, the director directly owned 4,631 shares in the company, valued at approximately $1,405,091.71. The trade was a 18.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total value of $10,006,425.00. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,092,234 shares of company stock worth $112,487,971 in the last quarter. 11.64% of the stock is owned by insiders.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $297.39 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a fifty day moving average of $310.63 and a 200 day moving average of $295.97. The firm has a market cap of $3.60 trillion, a PE ratio of 27.51, a PEG ratio of 1.76 and a beta of 1.12. Alphabet Inc. has a one year low of $140.53 and a one year high of $349.00.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. As a group, research analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GOOGL. BMO Capital Markets reiterated an “outperform” rating and issued a $400.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Wedbush raised their price target on shares of Alphabet from $360.00 to $370.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Wall Street Zen cut shares of Alphabet from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Sanford C. Bernstein increased their target price on shares of Alphabet from $305.00 to $335.00 and gave the stock a “market perform” rating in a research note on Monday, February 2nd. Finally, Mizuho raised their target price on Alphabet from $400.00 to $410.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Three analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $368.06.

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.