Parkside Investments LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 7.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,404 shares of the information services provider’s stock after selling 4,667 shares during the period. Alphabet accounts for about 1.7% of Parkside Investments LLC’s investment portfolio, making the stock its 16th biggest holding. Parkside Investments LLC’s holdings in Alphabet were worth $13,494,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of GOOG. Robinson Smith Wealth Advisors LLC boosted its position in 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 in the last quarter. Searle & CO. raised its holdings in 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 purchasing an additional 36 shares in the last quarter. Navellier & Associates Inc. lifted its position in shares of Alphabet by 0.6% during the third 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 holdings in shares of Alphabet by 1.2% in 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 in the last quarter. Finally, Activest Wealth Management grew its position in shares of 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 buying an additional 38 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.
Insider Buying and Selling at Alphabet
In related news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,818,524 shares in the company, valued at $856,605,814.08. The trade was a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 47,574 shares of the 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 sale, the insider directly owned 13,227 shares in the company, valued at $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 2,112,482 shares of company stock worth $119,145,289. Corporate insiders own 12.99% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on Alphabet
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Large AI-infrastructure customer win — Meta has agreed to rent Google’s Tensor Processing Units for model training, a multibillion‑dollar deal that directly supports Google Cloud & TPU revenue and validates Google’s chip strategy. Google signs multibillion-dollar AI chip deal with Meta, Information reports
- Positive Sentiment: Product momentum in generative AI — Google launched Nano Banana 2, an upgraded, faster image‑generation model that improves UX in Gemini/Search and can increase user engagement across Google properties. Google rolls out Nano Banana 2 after viral success of AI image generation tool
- Positive Sentiment: Cloud/AI fundamentals remain strong — analyst commentary highlights accelerating Google Cloud revenue and AI demand (large backlog cited), reinforcing the growth narrative that underpins long‑term earnings. AI Push Provides a Boost to GOOGL’s Cloud Business: More Upside Ahead?
- Positive Sentiment: Analyst support — Wells Fargo recently upgraded Alphabet, which can help sentiment and provide buying interest amid pullbacks. Wells Fargo upgrades Alphabet (GOOG)
- Neutral Sentiment: Robotics and AV consolidation — Alphabet folded robotics software unit Intrinsic into Google and is expanding Waymo testing (Chicago/Charlotte); strategic for long‑term diversification but limited near‑term revenue impact. Alphabet-owned robotics software company Intrinsic joins Google
- Neutral Sentiment: Mixed analyst/market takes — coverage pieces compare Alphabet to other AI/cloud players; useful for framing valuation debates but not an immediate catalyst. Must-Track Streaming Stocks in the Evolving Media Landscape
- Negative Sentiment: CapEx and margin worries — market commentary and forum summaries point to investor anxiety over very large AI infrastructure spending (prior guidance and projected 2026 capex), which can pressure margins and drove earlier after‑hours weakness. Alphabet Stock (GOOG) Opinions on Q4 Earnings and Capex Guidance
- Negative Sentiment: Hidden/long‑term infrastructure obligations — a Moody’s‑cited report highlights large off‑balance‑sheet data‑center lease commitments across hyperscalers, underscoring potential future costs and financing risks. Hidden AI Costs? Big Tech Hyperscalers Hold $662 Billion In Off-Balance-Sheet Data Center Leases: Report
- Negative Sentiment: Positioning changes and selling — some funds have trimmed GOOGL stakes and there are reports of insider/manager selling that can add downward pressure in a pullback. MIG Capital Cuts Alphabet Inc. Class C Stake
Alphabet Stock Performance
Shares of GOOG stock opened at $307.15 on Friday. The business has a fifty day moving average of $321.43 and a 200 day moving average of $282.05. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $350.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a market capitalization of $3.72 trillion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10.
Alphabet (NASDAQ:GOOG – Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share 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 business had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. During the same period in the prior year, the company earned $2.15 earnings per share. The company’s revenue was up 18.0% on a year-over-year basis. As a group, research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.
Alphabet Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 7.77%.
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.
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