Kimelman & Baird LLC Sells 2,480 Shares of Alphabet Inc. $GOOG

Kimelman & Baird LLC trimmed its stake in Alphabet Inc. (NASDAQ:GOOG) by 10.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,924 shares of the information services provider’s stock after selling 2,480 shares during the period. Kimelman & Baird LLC’s holdings in Alphabet were worth $5,096,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. University of Illinois Foundation purchased a new stake in Alphabet in the second quarter worth about $31,000. Imprint Wealth LLC purchased a new position in shares of Alphabet during the 3rd quarter worth approximately $31,000. Manning & Napier Advisors LLC purchased a new position in shares of Alphabet during the 3rd quarter worth approximately $32,000. Tripletail Wealth Management LLC bought a new position in shares of Alphabet in the 3rd quarter worth approximately $40,000. Finally, Retirement Wealth Solutions LLC raised its position in shares of Alphabet by 145.0% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider’s stock worth $48,000 after acquiring an additional 116 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 955 shares of Alphabet stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the completion of the transaction, the chief accounting officer directly owned 9,918 shares of the company’s stock, valued at approximately $2,955,564. The trade was a 8.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $321.21, for a total transaction of $10,439,325.00. Following the completion of the transaction, the chief executive officer owned 2,244,372 shares in the company, valued at approximately $720,914,730.12. This represents a 1.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 2,109,115 shares of company stock worth $117,815,536. 12.99% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

GOOG has been the topic of several research reports. BNP Paribas Exane assumed coverage on Alphabet in a research report on Monday, November 24th. They set an “outperform” rating on the stock. Wedbush reiterated an “outperform” rating and issued a $370.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Cantor Fitzgerald reissued a “neutral” rating on shares of Alphabet in a research report on Tuesday, January 20th. Sanford C. Bernstein restated a “market perform” rating and set a $345.00 target price on shares of Alphabet in a report on Thursday, February 5th. Finally, KeyCorp set a $370.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Nine investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $345.71.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: DeepMind hires Jasjeet Sekhon from Bridgewater as chief strategy officer, strengthening DeepMind’s strategic and research bench at a time when top AI talent is a competitive advantage. Bridgewater’s chief scientist Sekhon to join Google’s DeepMind AI unit
• Positive Sentiment: Google rolled out a redesigned Stitch AI design tool that analysts/publications say can displace incumbents (Adobe, Figma), creating near-term competitive pressure on rivals and reinforcing Google’s product-led push into AI-powered developer/designer workflows. Adobe Stock Drops After Google’s Stitch Redesign
• Positive Sentiment: Alphabet’s Wiz acquisition (cloud security) and other cloud investments continue to beef up Google Cloud’s product stack, supporting revenue/corporate sales momentum versus AWS/Azure. GOOGL’s Wiz Buyout Expands Cloud Security Portfolio: What’s Ahead?
• Positive Sentiment: Reports say Google is expanding ties with the U.S. military and is well positioned to benefit after rivals stumble — a potential source of large, recurring cloud and services contracts. Google Sits Pretty as A.I. Rivals Compete for Pentagon Favor
• Positive Sentiment: Alphabet is in talks to buy liquid-cooling systems from Chinese vendors (Envicool and others) and may acquire a Chinese cooling firm — moves aimed at supporting energy-efficient AI data center scale. This reduces future supply/capacity constraints for AI workloads. Google in talks with China’s Envicool, others to buy data centre cooling systems, sources say
• Neutral Sentiment: Google told UK regulators it will let sites opt out of generative-AI features in search, a concession meant to ease competition concerns — reduces regulatory overhang but could limit product scope in the UK. Google to allow AI opt-out to ease UK competition concerns
• Neutral Sentiment: Alphabet paid a small dividend on March 16 ($0.21/share) — a modest cash return that is unlikely to move the stock materially but supports shareholder yield narrative. Google stock just paid dividends; here’s how much investors received
• Negative Sentiment: Analysts flag valuation/near-term margin pressure — Alphabet’s elevated P/E and rising capex for AI/data centers keep some investors cautious despite strong growth. Is Alphabet Stock’s 25.55X PE Still Worth it? Buy, Sell, or Hold?
• Negative Sentiment: High executive compensation scrutiny after reports of Sundar Pichai’s large pay package could raise governance concerns for some investors. What Sundar Pichai’s $692 Million Pay Package Says About Alphabet’s Next Chapter

Alphabet Stock Down 1.0%

GOOG stock opened at $306.30 on Thursday. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $350.15. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. The firm has a market cap of $3.71 trillion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 1.81 and a beta of 1.10. The business has a 50 day moving average of $318.68 and a 200 day moving average of $292.32.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $111.24 billion. During the same period in the previous year, the company posted $2.15 earnings per share. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. On average, research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet’s payout ratio is currently 7.77%.

Alphabet Company Profile

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.