Alphabet Inc. $GOOG is Harvest Fund Management Co. Ltd's 9th Largest Position

Key Points

• Harvest Fund Management trimmed its stake in Alphabet by 3.3% to 215,637 shares (worth $52.505 million), representing about 2.2% of its portfolio and making GOOG its 9th-largest holding.
• Alphabet has several positive catalysts — including the ~$32 billion Wiz acquisition, integration of Gemini AI into Google Maps and a fiber monetization deal — and it reported a Q4 EPS beat ($2.82 vs. $2.59), supporting a consensus “Buy” rating and an average target near $345.71.
• Insiders have been net sellers (2,112,493 shares sold in the last 90 days, valued at ~$118.6M) even as Alphabet announced a quarterly $0.21 dividend ($0.84 annual, ~0.3% yield) and maintains strong fundamentals (market cap ~$3.65T, PE ~27.9).

Harvest Fund Management Co. Ltd lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 215,637 shares of the information services provider's stock after selling 7,327 shares during the period. Alphabet accounts for approximately 2.2% of Harvest Fund Management Co. Ltd's portfolio, making the stock its 9th largest position. Harvest Fund Management Co. Ltd's holdings in Alphabet were worth $52,505,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GOOG. University of Illinois Foundation purchased a new stake in Alphabet during the second quarter worth approximately $31,000. Manning & Napier Advisors LLC purchased a new position in Alphabet in the third quarter valued at approximately $32,000. Tripletail Wealth Management LLC purchased a new position in Alphabet in the third quarter valued at approximately $40,000. Retirement Wealth Solutions LLC raised its holdings in Alphabet by 145.0% during the third quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider's stock worth $48,000 after purchasing an additional 116 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC raised its holdings in Alphabet by 56.8% during the third quarter. Bay Harbor Wealth Management LLC now owns 218 shares of the information services provider's stock worth $53,000 after purchasing an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: GFiber is combining with Astound Broadband with Stonepeak as majority owner while Alphabet keeps a minority stake — this monetizes Google’s fiber asset, reduces future capex burden and leaves Alphabet with upside exposure to a larger independent broadband operator. Alphabet Inc. (GOOGL)’s Expanding Horizons: AI, Cloud, and Broadband Growth
• Positive Sentiment: Gemini AI is being added to Google Maps via “Ask Maps,” increasing product differentiation and engagement across a high-traffic app — a direct example of AI driving user value and monetization opportunities. Google (GOOGL) Adds Its Gemini AI Model to Google Maps to Allow More Detailed Questions
• Positive Sentiment: Google completed the acquisition of Wiz (~$32B), strengthening cloud security offerings — a strategic tuck-in that can help win larger enterprise cloud deals and justify higher cloud multiple over time. Google Just Closed Its $32 Billion Wiz Deal. How Should You Play GOOGL Stock Here?
• Positive Sentiment: Google changed Android billing rules, cut developer fees and resolved the Epic/Fortnite dispute — removing a legal overhang and improving developer economics for Play Store, which supports long-term app revenue resilience. Google (GOOGL) App Store Brings Back Fortnite, Changes Fee Structure
• Positive Sentiment: Fundamentals and analyst sentiment remain supportive — recent coverage highlights strong Q4 results, cash-rich balance sheet and a consensus “Buy” tilt with several elevated price targets. This underpins medium-term investor confidence. Alphabet Q4: A Fairly Valued Tech Titan To Buy Now
• Neutral Sentiment: Social and options flow show heightened bullish conviction around Gemini and cloud, but this is sentiment-driven and can amplify short-term volatility rather than change fundamentals. Alphabet Stock (GOOG) Opinions on Gemini AI Advancements
• Neutral Sentiment: Recent short-interest data in feeds appears noisy/invalid and does not signal a meaningful squeeze or covering dynamic at present.
• Negative Sentiment: U.K. regulator warnings on protecting children online increase the risk of tighter rules and compliance costs for big tech — a regulatory backdrop that could pressure valuations if enforcement or new rules accelerate. Big tech given warning - and deadline - by UK regulator

Insiders Place Their Bets

In other news, Director Frances Arnold sold 112 shares of the company's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $302.99, for a total value of $33,934.88. Following the completion of the sale, the director directly owned 18,418 shares of the company's stock, valued at approximately $5,580,469.82. This represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 600 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $306.73, for a total transaction of $184,038.00. Following the sale, the director owned 20,624 shares of the company's stock, valued at $6,325,999.52. This trade represents a 2.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,112,493 shares of company stock valued at $118,605,094. 12.99% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GOOG shares. KeyCorp set a $370.00 target price on shares of Alphabet in a report on Thursday, February 5th. Jefferies Financial Group reiterated a "buy" rating and set a $365.00 price target on shares of Alphabet in a research note on Monday, January 5th. TD Cowen reissued a "buy" rating and issued a $365.00 price target (up from $355.00) on shares of Alphabet in a research report on Thursday, February 5th. Canaccord Genuity Group upped their price objective on shares of Alphabet from $330.00 to $390.00 and gave the company a "buy" rating in a research note on Wednesday, January 7th. Finally, Raymond James Financial raised Alphabet from an "outperform" rating to a "strong-buy" rating and raised their price objective for the stock from $315.00 to $400.00 in a report on Thursday, January 22nd. Nine investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Alphabet currently has a consensus rating of "Buy" and an average target price of $345.71.

Alphabet Stock Performance

Shares of GOOG opened at $301.46 on Friday. The company's 50 day simple moving average is $319.36 and its 200-day simple moving average is $289.75. The firm has a market cap of $3.65 trillion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $350.15. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.59 by $0.23. The firm had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. Alphabet's revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.15 EPS. As a group, equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. 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.

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