Concurrent Investment Advisors LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 94.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 278,195 shares of the information services provider’s stock after buying an additional 134,781 shares during the quarter. Alphabet accounts for approximately 1.0% of Concurrent Investment Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Concurrent Investment Advisors LLC’s holdings in Alphabet were worth $87,298,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the company. Ring Mountain Capital LLC raised its holdings in shares of Alphabet by 0.9% in the 4th quarter. Ring Mountain Capital LLC now owns 3,554 shares of the information services provider’s stock worth $1,174,000 after purchasing an additional 30 shares during the period. HRC Wealth Management LLC raised its holdings in shares of Alphabet by 1.0% in the 4th quarter. HRC Wealth Management LLC now owns 3,231 shares of the information services provider’s stock worth $1,014,000 after purchasing an additional 31 shares during the period. Avaii Wealth Management LLC raised its holdings in shares of Alphabet by 2.3% in the 4th quarter. Avaii Wealth Management LLC now owns 1,437 shares of the information services provider’s stock worth $451,000 after purchasing an additional 32 shares during the period. Accel Wealth Management raised its holdings in shares of Alphabet by 0.8% in the 4th quarter. Accel Wealth Management now owns 4,068 shares of the information services provider’s stock worth $1,276,000 after purchasing an additional 33 shares during the period. Finally, Accelerate Investment Advisors LLC raised its holdings in shares of Alphabet by 1.1% in the 4th quarter. Accelerate Investment Advisors LLC now owns 3,166 shares of the information services provider’s stock worth $993,000 after purchasing an additional 34 shares during the period. Institutional investors own 27.26% of the company’s stock.
Insider Activity
In other news, CAO Amie Thuener O’toole sold 955 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the completion of the transaction, the chief accounting officer directly owned 9,918 shares in the company, valued at $2,955,564. The trade was a 8.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total transaction of $348,232.50. Following the transaction, the director owned 3,581 shares of the company’s stock, valued at $1,187,638.65. This trade represents a 22.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 158,553 shares of company stock valued at $47,951,856 over the last 90 days. Company insiders own 12.99% of the company’s stock.
Key Stories Impacting Alphabet
- Positive Sentiment: Reported huge Anthropic commitment to Google Cloud — The Information/Reuters reported Anthropic has agreed to spend roughly $200 billion with Google Cloud over multiple years, a deal that would materially boost cloud bookings and long‑term revenue visibility. Anthropic commits $200B to Google Cloud (Reuters)
- Positive Sentiment: Analysts turning more bullish and lifting price targets — Multiple firms have raised targets (including a street‑high $515 note), citing AI upside, custom models and accelerating cloud monetization, supporting higher valuation multiples. Analyst $515 target (TipRanks)
- Positive Sentiment: Record highs and strong Q1 fundamentals — Investors are pricing in Q1 beats (EPS and revenue), 60%+ cloud growth and a ballooning cloud backlog that underpins multi‑year revenue conversion. That momentum is driving buying interest. Alphabet hits record highs (Yahoo)
- Positive Sentiment: Product / infrastructure moves could expand addressable market — Google moving to sell TPUs directly and scale AI compute options could accelerate revenue capture and challenge competitors in AI infrastructure. Google to sell TPUs directly (247WallSt)
- Neutral Sentiment: U.S. government access and stress‑testing of AI models — The administration expanded programs to let government scientists and agencies review unreleased models (including DeepMind) to assess risks; this is a mix of oversight and validation. US stress tests of AI models (Reuters)
- Neutral Sentiment: Capital markets: large euro bond sale with strong demand — Alphabet tapped the euro market with a multi‑tranche offering to fund AI infrastructure; strong order books reduce financing risk but also highlight heavy near‑term CapEx plans. Euro bond offering (Reuters)
- Negative Sentiment: Employee unrest and DoD/defense work — DeepMind staff have pushed for union recognition and protested military contracts; classified DoD engagements raise reputational and retention risks that could affect operations. DeepMind union vote over military deals (Business Insider)
- Negative Sentiment: Regulatory/privacy push in EU — A top Google scientist warned that EU proposals to share search data with rivals could expose user data, signaling potential regulatory headwinds and business model risk if rules tighten. EU data sharing concerns (Reuters)
Analyst Upgrades and Downgrades
A number of research firms recently commented on GOOG. KeyCorp set a $370.00 price target on shares of Alphabet in a report on Thursday, February 5th. UBS Group reaffirmed a “neutral” rating and issued a $348.00 price target (up from $345.00) on shares of Alphabet in a report on Thursday, February 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $400.00 price target on shares of Alphabet in a report on Thursday, February 5th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $425.00 price target on shares of Alphabet in a report on Thursday, April 30th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $370.00 price target on shares of Alphabet in a report on Thursday, February 5th. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $362.73.
Get Our Latest Stock Analysis on GOOG
Alphabet Stock Up 1.2%
GOOG opened at $384.34 on Wednesday. The company has a fifty day moving average price of $313.83 and a 200-day moving average price of $309.58. The firm has a market capitalization of $4.65 trillion, a P/E ratio of 29.32, a price-to-earnings-growth ratio of 1.62 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. Alphabet Inc. has a one year low of $149.49 and a one year high of $388.96.
Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. The firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.81 EPS. Equities research analysts expect that Alphabet Inc. will post 13.72 earnings per share for the current fiscal year.
Alphabet Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a dividend of $0.22 per share. This is an increase from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is presently 6.41%.
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.
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