Hardy Reed LLC Decreases Position in Alphabet Inc. $GOOG

Hardy Reed LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOG) by 18.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,942 shares of the information services provider’s stock after selling 6,290 shares during the period. Alphabet makes up 0.5% of Hardy Reed LLC’s portfolio, making the stock its 28th largest position. Hardy Reed LLC’s holdings in Alphabet were worth $6,562,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Robinson Smith Wealth Advisors LLC boosted its stake in shares of Alphabet by 1.8% during the third quarter. Robinson Smith Wealth Advisors LLC now owns 2,070 shares of the information services provider’s stock valued at $504,000 after purchasing an additional 36 shares during the period. Searle & CO. increased its stake in shares of Alphabet by 0.6% in the third quarter. Searle & CO. now owns 5,703 shares of the information services provider’s stock worth $1,389,000 after buying an additional 36 shares during the period. Navellier & Associates Inc. raised its holdings in Alphabet by 0.6% during the 3rd quarter. Navellier & Associates Inc. now owns 5,846 shares of the information services provider’s stock valued at $1,424,000 after buying an additional 36 shares during the last quarter. BankPlus Wealth Management LLC boosted its position in Alphabet by 1.2% during the 3rd quarter. BankPlus Wealth Management LLC now owns 3,143 shares of the information services provider’s stock valued at $766,000 after buying an additional 37 shares during the period. Finally, Activest Wealth Management grew its holdings in Alphabet by 0.5% in the 3rd quarter. Activest Wealth Management now owns 7,997 shares of the information services provider’s stock worth $1,948,000 after acquiring an additional 38 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet Stock Up 0.4%

Shares of NASDAQ:GOOG opened at $303.94 on Thursday. The firm has a market capitalization of $3.68 trillion, a P/E ratio of 28.12, a P/E/G ratio of 1.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a 50 day moving average price of $321.07 and a 200-day moving average price of $277.91. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $350.15.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.23. The company had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm’s revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.15 earnings per share. As a group, equities research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is presently 7.77%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI momentum: Analysts and commentators are highlighting Gemini and Google Cloud as major growth drivers (upgrades and optimistic forecasts tied to AI-driven revenue and margin improvements). This narrative is supporting the stock. Article Title
• Positive Sentiment: YouTube ad strength and double‑digit cloud revenue gains are being cited as near-term earnings/revenue support that helped lift sentiment. Article Title
• Positive Sentiment: Analyst/ratings momentum: DZ Bank and other firms have issued bullish takes (upgrades/strong‑buy calls), which can attract buyers after recent pullbacks. Article Title
• Positive Sentiment: Institutional conviction: Some large managers (e.g., Royal Bank of Canada) added to GOOG in 13F filings and Berkshire Hathaway kept its Google exposure — signals that long‑term holders remain constructive. Article Title
• Neutral Sentiment: Product cadence: Google set I/O for May 19–20 and is broadly expected to show new AI hardware (smart glasses) — a medium‑term catalyst, but timing and monetization remain speculative. Article Title
• Neutral Sentiment: Regulatory/watch items: Waymo defended its use of remote assistance before Congress; it’s a reputational/regulatory story to watch but not immediate earnings pressure. Article Title
• Negative Sentiment: Institutional trimming: Multiple big funds trimmed GOOGL in recent 13F filings (Ameriprise, Northern Trust, Veritas, First Pacific), which creates supply pressure and suggests some profit‑taking/rebalancing. Article Title Article Title
• Negative Sentiment: CapEx and margin concerns: Coverage highlights heavy AI/dc spending across hyperscalers; investors are treating elevated 2026 capex as a near‑term headwind that can cap multiples even if it supports long‑term moat. Article Title
• Negative Sentiment: Insider selling and high‑profile trims: A board director sold 600 shares (disclosed) and prominent value managers (e.g., Terry Smith, Bill Ackman) reduced GOOGL exposure in filings — signals that can amplify near‑term selling. Article Title

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 17,829 shares of Alphabet stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $314.89, for a total transaction of $5,614,173.81. Following the completion of the transaction, the insider directly owned 42,972 shares in the company, valued at approximately $13,531,453.08. This trade represents a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $19.00, for a total value of $35,060,852.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 2,032,408 shares of company stock valued at $94,926,707. Insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Phillip Securities raised shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, November 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $375.00 price target on shares of Alphabet in a research report on Thursday, January 15th. TD Cowen reiterated a “buy” rating and issued a $365.00 price objective (up previously from $355.00) on shares of Alphabet in a report on Thursday, February 5th. Truist Financial set a $350.00 target price on Alphabet in a research note on Friday, December 5th. Finally, Guggenheim restated a “buy” rating and set a $375.00 target price on shares of Alphabet in a report on Monday, December 1st. Eight analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $343.90.

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.