Pitcairn Co. Has $11.21 Million Position in Alphabet Inc. $GOOG

Pitcairn Co. lessened its holdings in Alphabet Inc. (NASDAQ:GOOG) by 28.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,024 shares of the information services provider’s stock after selling 18,330 shares during the period. Alphabet makes up 0.9% of Pitcairn Co.’s portfolio, making the stock its 17th biggest position. Pitcairn Co.’s holdings in Alphabet were worth $11,209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. Solstein Capital LLC boosted its stake in shares of Alphabet by 10.2% in the 3rd quarter. Solstein Capital LLC now owns 19,502 shares of the information services provider’s stock valued at $4,750,000 after purchasing an additional 1,803 shares in the last quarter. Perennial Investment Advisors LLC increased its position in shares of Alphabet by 1.0% during the 3rd quarter. Perennial Investment Advisors LLC now owns 23,382 shares of the information services provider’s stock worth $5,694,000 after purchasing an additional 241 shares in the last quarter. KCM Investment Advisors LLC increased its position in shares of Alphabet by 2.1% during the 3rd quarter. KCM Investment Advisors LLC now owns 151,147 shares of the information services provider’s stock worth $36,812,000 after purchasing an additional 3,128 shares in the last quarter. Winch Advisory Services LLC lifted its holdings in Alphabet by 0.6% during the 3rd quarter. Winch Advisory Services LLC now owns 64,492 shares of the information services provider’s stock valued at $15,707,000 after purchasing an additional 403 shares during the last quarter. Finally, Amova Asset Management Americas Inc. lifted its holdings in Alphabet by 145.2% during the 3rd quarter. Amova Asset Management Americas Inc. now owns 272,797 shares of the information services provider’s stock valued at $66,423,000 after purchasing an additional 161,541 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In other news, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $302.99, for a total transaction of $33,934.88. Following the transaction, the director directly owned 18,418 shares of the company’s stock, valued at $5,580,469.82. This trade represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 955 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction 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 $2,955,564. This trade represents a 8.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 2,112,493 shares of company stock valued at $118,605,094. 12.99% of the stock is owned by company insiders.

Alphabet Trading Down 0.9%

NASDAQ GOOG opened at $298.30 on Friday. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $350.15. The stock has a 50-day simple moving average of $320.28 and a 200 day simple moving average of $286.23. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $3.61 trillion, a PE ratio of 27.59, a P/E/G ratio of 1.76 and a beta of 1.10.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.23. The company had revenue of $113.83 billion during 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 company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.15 EPS. Research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $370.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $370.00 target price on shares of Alphabet in a research note on Tuesday, January 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a report on Wednesday, January 21st. Oppenheimer restated an “outperform” rating and set a $360.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $365.00 price target on shares of Alphabet in a report on Monday, January 5th. Nine research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Buy” and a consensus price target of $343.90.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Large enterprise/cloud wins and AI demand: Google Cloud deals (CVS health AI platform) and reported TPU leasing by Meta point to higher recurring cloud revenue and infrastructure utilization that support near‑term revenue growth. CVS taps Google Cloud Meta leases Google TPUs
• Positive Sentiment: Solid fundamentals/analyst support: Q4 results and earnings beats reinforce the “quality growth” narrative, and Bank of America’s reiterated Buy/$370 target keeps bull case intact. Q4 quality growth Bank of America maintains $370
• Neutral Sentiment: Anthropic access clarified: Google says Anthropic remains available for non‑defense uses after a DoD blacklist — this reduces near‑term disruption risk to customers but leaves policy uncertainty around defense contracts. Google on Anthropic availability
• Neutral Sentiment: Market narrative shifting: Analysts note GOOG’s strong 12‑month run has moved it from a “value” label to an execution/AI‑growth story — bullish if growth continues, but raises expectations. Forbes valuation piece
• Negative Sentiment: Geopolitical / physical risk to infrastructure: Reports that hyperscaler data centers are becoming military targets in the Iran war increase operational and security risk for cloud operations and potential outages. Data centers targeted
• Negative Sentiment: Regulatory/legal headwinds and fee cuts: The Epic Games settlement (lower Play Store commissions) and a high‑profile Gemini wrongful‑death lawsuit raise revenue/margin and liability concerns for consumer services. Play Store settlement Gemini lawsuit
• Negative Sentiment: Regulatory scrutiny on Waymo / AV safety and technical/short‑term chart pressure: NTSB/industry scrutiny of autonomous‑vehicle safety plus technical analysts calling a short thesis add to near‑term selling pressure. Waymo NTSB scrutiny Chart short thesis

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.