Tectonic Advisors LLC Sells 10,714 Shares of Alphabet Inc. $GOOG

Tectonic Advisors LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 58.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,609 shares of the information services provider’s stock after selling 10,714 shares during the quarter. Tectonic Advisors LLC’s holdings in Alphabet were worth $1,853,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Relyea Zuckerberg Hanson LLC raised its holdings in Alphabet by 1.6% during the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 29,336 shares of the information services provider’s stock valued at $7,145,000 after buying an additional 468 shares during the last quarter. Discipline Wealth Solutions LLC increased its position in shares of Alphabet by 12.5% in the third quarter. Discipline Wealth Solutions LLC now owns 3,153 shares of the information services provider’s stock valued at $768,000 after acquiring an additional 350 shares during the period. Sterling Investment Counsel LLC raised its stake in shares of Alphabet by 519.0% during the third quarter. Sterling Investment Counsel LLC now owns 7,428 shares of the information services provider’s stock valued at $1,809,000 after acquiring an additional 6,228 shares during the last quarter. Three Magnolias Financial Advisors LLC boosted its holdings in shares of Alphabet by 29.0% during the third quarter. Three Magnolias Financial Advisors LLC now owns 7,201 shares of the information services provider’s stock worth $1,754,000 after purchasing an additional 1,620 shares during the period. Finally, Braun Stacey Associates Inc. boosted its holdings in shares of Alphabet by 3.0% during the third quarter. Braun Stacey Associates Inc. now owns 161,963 shares of the information services provider’s stock worth $39,446,000 after purchasing an additional 4,685 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $313.45, for a total transaction of $31,971.90. Following the completion of the transaction, the director directly owned 18,205 shares in the company, valued at approximately $5,706,357.25. This trade represents a 0.56% 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, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $308.19, for a total value of $184,914.00. Following the completion of the sale, the director owned 3,916 shares in the company, valued at $1,206,872.04. The trade was a 13.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 195,465 shares of company stock valued at $57,056,497 over the last three months. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of research analyst reports. UBS Group restated a “neutral” rating on shares of Alphabet in a report on Thursday, October 30th. Piper Sandler boosted their target price on Alphabet from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Sanford C. Bernstein upped their target price on Alphabet from $260.00 to $305.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Truist Financial set a $350.00 price target on shares of Alphabet in a report on Friday, December 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research report on Wednesday, October 8th. Seven research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $314.64.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street upgrades and higher price targets lift the growth narrative for Google Cloud and AI; Jefferies recently raised its target to $365 and many firms maintain buy/outperform calls, supporting longer-term upside. Jefferies raises price target
• Positive Sentiment: Product & commercial traction for Gemini and AI is improving distribution: Samsung plans to double devices running Gemini to ~800M units this year — a major scale tailwind for Gemini adoption across mobile. Samsung to double Gemini devices
• Positive Sentiment: AI infrastructure push: initiatives like TorchTPU, increased TPU patenting and moves to reduce Nvidia dependence, plus cloud/infrastructure M&A, strengthen Alphabet’s ability to monetize AI at scale. These strategic moves are supportive of margins and competitive positioning. Seeking Alpha on TorchTPU & infrastructure
• Neutral Sentiment: Small lobbying disclosure: ~$80k reported for Google Public Sector work on DoD cloud services — notable for contract tracking but not material by itself. Quiver lobbying disclosure
• Negative Sentiment: Heavy insider selling is a clear near-term negative: Quiver data shows 161 insider sales in six months (including large Sundar Pichai sales), which can spook investors and fuel profit-taking. Quiver on insider selling & sentiment
• Negative Sentiment: Competitive risks: OpenAI/ChatGPT usage metrics show Gemini narrowing the gap, but competition remains intense — news flow comparing market share can pressure sentiment and prompt volatility. CNBC: ChatGPT vs Gemini

Alphabet Trading Down 0.9%

NASDAQ GOOG opened at $314.55 on Wednesday. The firm has a market capitalization of $3.80 trillion, a PE ratio of 31.02, a P/E/G ratio of 1.75 and a beta of 1.09. The stock’s 50 day moving average is $304.13 and its 200 day moving average is $247.26. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $328.67. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The business had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. During the same quarter last year, the firm posted $2.12 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 8th were given a dividend of $0.21 per share. 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, December 8th. Alphabet’s dividend payout ratio (DPR) is 8.28%.

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.