Coquina Private Wealth LLC Purchases Shares of 8,168 Alphabet Inc. $GOOG

Coquina Private Wealth LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, Holdings Channel.com reports. The fund purchased 8,168 shares of the information services provider’s stock, valued at approximately $2,563,000. Alphabet makes up 2.1% of Coquina Private Wealth LLC’s investment portfolio, making the stock its 10th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Imprint Wealth LLC bought a new stake in Alphabet in the 3rd quarter valued at $31,000. Manning & Napier Advisors LLC bought a new stake in Alphabet in the 3rd quarter valued at $32,000. Nvest Wealth Strategies Inc. bought a new stake in Alphabet in the 4th quarter valued at $38,000. Towne Trust Company N.A increased its holdings in Alphabet by 34.0% in the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after buying an additional 34 shares during the period. Finally, Lynch Asset Management Inc. bought a new stake in Alphabet in the 3rd quarter valued at $61,000. Institutional investors own 27.26% of the company’s stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• 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

GOOG has been the topic of several analyst reports. TD Cowen boosted their price target on shares of Alphabet from $375.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Pivotal Research reaffirmed a “buy” rating and issued a $470.00 target price (up from $420.00) on shares of Alphabet in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $370.00 target price on shares of Alphabet in a report on Tuesday, January 20th. Scotiabank reaffirmed an “outperform” rating and issued a $450.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $348.00 target price (up from $345.00) on shares of Alphabet in a report on Thursday, February 12th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $362.73.

Alphabet Stock Up 1.2%

GOOG opened at $384.34 on Wednesday. The firm’s 50-day simple moving average is $313.83 and its 200-day simple moving average is $309.58. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. Alphabet Inc. has a twelve month low of $149.49 and a twelve month high of $388.96. The firm has a market cap of $4.65 trillion, a price-to-earnings ratio of 29.32, a PEG ratio of 1.62 and a beta of 1.25.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. During the same quarter in the prior year, the firm earned $2.81 EPS. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. Equities research analysts anticipate that Alphabet Inc. will post 13.72 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a dividend of $0.22 per share. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s dividend payout ratio is currently 6.41%.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 955 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares in the company, valued at $2,955,564. This represents a 8.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was 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 in the company, valued at approximately $1,187,638.65. This trade represents a 22.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 158,553 shares of company stock worth $47,951,856 in the last 90 days. Corporate insiders own 12.99% of the company’s stock.

About Alphabet

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.