How are energy investors positioned?
John L. Hennessy, a director at Alphabet Inc. (NASDAQ:GOOGL), recently sold a portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Hennessy sold a total of 200 shares of Alphabet’s Class C Capital Stock on March 13, 2025. The shares were sold at prices ranging from $164.61 to $168.05, totaling approximately $33,106. The transaction comes as Alphabet maintains strong financial health, with InvestingPro analysis showing robust metrics including a 58.2% gross profit margin and an impressive $350 billion in revenue over the last twelve months.
Following these transactions, Hennessy holds 7,813 shares of Class C Capital Stock indirectly through the John L. Hennessy and Andrea J. Hennessy Revocable Trust. Additionally, he maintains direct ownership of 324 shares. The sales were conducted under a pre-arranged 10b5-1 trading plan, which was adopted by the trust in November 2024. According to InvestingPro analysis, Alphabet currently appears undervalued based on its Fair Value calculations, with analysts setting price targets as high as $240. For deeper insights into Alphabet’s valuation and 10+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Google has reported significant advancements across various sectors. The company unveiled major upgrades to its Gemini app, introducing new features such as the 2.0 Flash Thinking Experimental model, which enhances reasoning capabilities and offers increased efficiency. Additionally, Google DeepMind announced the launch of new AI models, Gemini Robotics and Gemini Robotics-ER, designed to advance robotics capabilities. These models extend the functionality of Gemini 2.0 to include physical actions and enhanced spatial understanding.
In another development, Google has pledged to triple global nuclear energy capacity by 2050 alongside other major companies, aiming to bolster clean energy initiatives. Furthermore, Google is reportedly close to acquiring AdHawk Microsystems Inc., a Canadian eye-tracking technology startup, for $115 million. This acquisition is part of Google’s strategy to enhance its offerings in headsets and smart glasses. Meanwhile, Google has suggested policy reforms to maintain the U.S. as a leader in AI, emphasizing investment, government adoption, and international pro-innovation approaches. These recent developments highlight Google’s ongoing efforts to expand its technological capabilities and influence in various industries.
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