Towercrest Capital Management Increases Stock Position in Alphabet Inc. $GOOG

Towercrest Capital Management boosted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 55.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,130 shares of the information services provider’s stock after buying an additional 2,185 shares during the period. Towercrest Capital Management’s holdings in Alphabet were worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IRON Financial LLC grew its position in shares of Alphabet by 17.7% in the third quarter. IRON Financial LLC now owns 1,725 shares of the information services provider’s stock valued at $420,000 after purchasing an additional 259 shares in the last quarter. Macroview Investment Management LLC boosted its stake in Alphabet by 13.8% in the 3rd quarter. Macroview Investment Management LLC now owns 1,982 shares of the information services provider’s stock worth $483,000 after purchasing an additional 241 shares during the period. Atlantic Edge Private Wealth Management LLC grew its holdings in Alphabet by 3.0% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 1,913 shares of the information services provider’s stock valued at $466,000 after buying an additional 55 shares in the last quarter. Citizens & Northern Corp grew its holdings in Alphabet by 0.9% during the 3rd quarter. Citizens & Northern Corp now owns 45,184 shares of the information services provider’s stock valued at $11,005,000 after buying an additional 403 shares in the last quarter. Finally, Washington Trust Bank increased its position in shares of Alphabet by 18.9% during the third quarter. Washington Trust Bank now owns 8,855 shares of the information services provider’s stock valued at $2,157,000 after buying an additional 1,406 shares during the period. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $312.30, for a total value of $867,569.40. Following the completion of the sale, the chief accounting officer directly owned 8,962 shares in the company, valued at approximately $2,798,832.60. The trade was a 23.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 102 shares of the stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $313.45, for a total transaction of $31,971.90. Following the transaction, the director directly owned 18,205 shares in the company, valued at approximately $5,706,357.25. This represents a 0.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 192,687 shares of company stock worth $58,728,068 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOG opened at $330.34 on Friday. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $341.20. The company has a fifty day moving average of $312.04 and a 200-day moving average of $255.57. The company has a market capitalization of $3.99 trillion, a P/E ratio of 32.58, a P/E/G ratio of 1.82 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The business had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. During the same quarter in the prior year, the firm earned $2.12 earnings per share. The firm’s revenue was up 15.9% on a year-over-year basis. As a group, equities research analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 8th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is currently 8.28%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Major commercial validation — Apple’s decision to use Google’s Gemini to power the next-generation Siri is being treated as a high-margin licensing win and a distribution multiplier for Gemini; MarketBeat highlights this deal as a key catalyst behind Alphabet clearing a $4 trillion market cap. Alphabet Tops $4 Trillion Valuation as AI Momentum Runs HotMarketBeat: Alphabet Tops $4 Trillion Valuation
• Positive Sentiment: Product momentum — DeepMind and Google product teams are working closely (DeepMind CEO says daily dialogue with Google CEO) as Gemini and other AI features (e.g., Personal Intelligence) accelerate integration across Google apps — supports revenue/monetization pathways. DeepMind CEO is talking to Google CEO ‘every day’ as lab ramps up competition with OpenAICNBC: DeepMind/Google collaboration
• Positive Sentiment: Analyst and market momentum — Multiple analyst upgrades and higher price targets (Goldman, BofA, Wells Fargo, Cantor, Jefferies) plus bullish media commentary (including Jim Cramer) are supporting investor sentiment and inflows. Is Alphabet Inc. (GOOGL) The Most Profitable US Stock to Buy?InsiderMonkey: analyst coverage & targets
• Neutral Sentiment: Commercial pilots & partnerships — Google will power agentic AI for Woolworths’ Olive chatbot in Australia later this year, a useful commercial test but limited near-term revenue impact. Do Woolworths shoppers want Google AI adding items to buy? We’ll soon find outTechXplore: Woolworths pilot
• Neutral Sentiment: Sector tailwinds — Large forecasts for AI spending boost the long-term thesis for hyperscalers, but they also imply higher capex and competitive intensity across cloud and GPU suppliers. NVDA, GOOGL, META: AI Spending Forecast to Hit $2.53 Trillion This YearTipRanks: AI spending forecast
• Negative Sentiment: Regulatory/legal risk — Google asked a U.S. judge to pause an order forcing it to share data with rivals while it appeals an antitrust ruling; litigation outcomes could materially affect search economics and competitive positioning. Google asks US judge to defer order forcing it to share data while it appealsReuters: appeal to defer data-sharing order
• Negative Sentiment: AI training litigation — Major publishers are seeking to join a class-action suit alleging Google used copyrighted works to train AI models; potential damages, injunctions or limits on training data could raise costs and slow model development. Publishers seek to join lawsuit against Google over AI trainingReuters: publishers move to join lawsuit
• Negative Sentiment: Insider selling & operational constraints — Reports show heavy insider sales (including large Sundar Pichai stock disposals) and Alphabet warns U.S. electrical transmission bottlenecks are slowing data‑centre hookups, which could constrain capacity growth for cloud/AI workloads. Insider selling and lobbying disclosureQuiverQuant: insider sales / lobbying • Google says US transmission system is biggest challenge for connecting data centersReuters: data-center transmission constraints

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Alphabet in a research note on Wednesday, December 17th. KeyCorp restated an “overweight” rating and set a $330.00 price target on shares of Alphabet in a research report on Thursday, October 30th. Phillip Securities upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, November 7th. Scotiabank reissued an “outperform” rating and set a $375.00 price objective (up previously from $336.00) on shares of Alphabet in a research note on Friday, January 9th. Finally, Bank of America upped their target price on Alphabet from $280.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Seven analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $320.31.

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.