JM2 Capital Inc. Invests $2.07 Million in Alphabet Inc. $GOOG

JM2 Capital Inc. bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,606 shares of the information services provider’s stock, valued at approximately $2,073,000. Alphabet comprises approximately 1.7% of JM2 Capital Inc.’s portfolio, making the stock its 14th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Alphabet by 8.6% during the third 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 last quarter. Alliancebernstein L.P. raised its position in shares of Alphabet by 5.8% during the third 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 last quarter. Legal & General Group Plc raised its position in shares of Alphabet by 0.7% during the third quarter. Legal & General Group Plc now owns 32,583,332 shares of the information services provider’s stock worth $7,935,671,000 after acquiring an additional 223,743 shares during the last quarter. Capital World Investors raised its position in shares of Alphabet by 1.9% during the third quarter. Capital World Investors now owns 28,625,464 shares of the information services provider’s stock worth $6,971,769,000 after acquiring an additional 539,679 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Alphabet by 3.6% during the third quarter. Invesco Ltd. now owns 21,531,348 shares of the information services provider’s stock worth $5,243,960,000 after acquiring an additional 756,602 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Down 1.5%

NASDAQ:GOOG opened at $330.47 on Wednesday. Alphabet Inc. has a 1 year low of $149.49 and a 1 year high of $350.15. 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 $4.00 trillion, a price-to-earnings ratio of 30.57, a PEG ratio of 2.08 and a beta of 1.13. The stock has a 50-day moving average price of $306.44 and a two-hundred day moving average price of $303.52.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.23. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. During the same period in the previous year, the firm earned $2.15 earnings per share. The company’s revenue was up 18.0% on a year-over-year basis. As a group, equities analysts expect that Alphabet Inc. will post 11.53 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were paid 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 payout ratio is presently 7.77%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GOOG. Needham & Company LLC set a $400.00 target price on Alphabet and gave the stock a “buy” rating in a research report on Friday, March 13th. Canaccord Genuity Group boosted their target price on Alphabet from $330.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Scotiabank restated an “outperform” rating and set a $400.00 target price (up from $375.00) on shares of Alphabet in a research report on Thursday, February 5th. Cantor Fitzgerald restated a “neutral” rating on shares of Alphabet in a research report on Tuesday, January 20th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $400.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Eight analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $346.03.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google has embedded Gemini into Chrome for ~3.5 billion users and added “Skills for Gemini,” which puts AI prompts into the purchase journey — a distribution boost for Gemini that could lift ad engagement and cloud/AI services monetization. Google Embeds AI Into Chrome for 3.5 Billion Users
• Positive Sentiment: Vodafone will offer advanced cybersecurity and agentic AI to small-business customers through its strategic Google Cloud tie‑up, expanding Google Cloud’s go‑to‑market reach in Europe and recurring-revenue potential. Vodafone offers small businesses cybersecurity, AI capability with Google tie-up
• Positive Sentiment: UBS raised its price target on Alphabet to $375 (from $348) while citing Cloud strength and easing ad‑share fears tied to ChatGPT — analyst support helps underpin investor sentiment ahead of Cloud Next and upcoming earnings. UBS Raises Alphabet’s Target to $375
• Neutral Sentiment: Google is rolling Gemini in Chrome into new Asia‑Pacific markets (Australia, Indonesia, etc.), increasing international reach but with monetization and adoption still to play out. Google Tightens Global Grip as Gemini in Chrome Expands
• Neutral Sentiment: Google’s new inference‑focused TPU roadmap and reports of talks with suppliers (e.g., Marvell) signal stronger cloud differentiation and margin potential — but some partnership reports remain unconfirmed and timing is uncertain. Google to Release New AI Chips, Challenging Nvidia
• Neutral Sentiment: Morningstar is in advanced talks to lease ~300k sq ft of Google’s Thompson Center redevelopment in Chicago — reduces real‑estate vacancy risk but is a modest operational detail versus core business drivers. Morningstar to lease big chunk of Loop’s Thompson Center from Google
• Negative Sentiment: A reported 13F filing from Cardano Risk Management shows massive (~90%) reductions in GOOG/GOOGL holdings — if accurate, large paper cuts can create short‑term selling pressure (filing/parse caveats apply). Fund Update: Cardano Risk Management Just Disclosed New Holdings
• Negative Sentiment: Insider selling: Director John Hennessy disclosed a sale of 1,050 shares in mid‑April — a small sale value‑wise but often read negatively by momentum traders. Insider Selling: John Hennessy SEC Filing
• Negative Sentiment: Coverage noting Google leaders’ anxiety about losing the AI coding/tools race and competitive pressure from Nvidia/others may be weighing on sentiment, amplifying rotation out of some tech names. Why Google Leaders Are Becoming Anxious About Losing the AI Coding Race

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 955 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was 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 of the company’s stock, valued at $2,955,564. This represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Kent Walker sold 47,574 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the transaction, the insider directly owned 13,227 shares of the company’s stock, valued at $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,037,294 shares of company stock valued at $94,216,897 over the last ninety days. Company insiders own 12.99% of the company’s stock.

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.