Alphabet Inc. $GOOG Shares Sold by Balboa Wealth Partners

Key Points

• Balboa Wealth Partners cut its Alphabet stake by 7.9% in Q4, selling 3,949 shares and ending the period with 46,250 shares worth $14.51M (2.4% of its portfolio), making GOOG its sixth-largest holding.
• Insider selling has been significant recently — insiders sold 2,069,344 shares valued at $104.7M in the last 90 days, including John Kent Walker's sale of 8,993 shares and CAO Amie Thuener O'Toole's sale of 617 shares.
• Alphabet beat Q4 estimates with $2.82 EPS and 18% revenue growth, and analysts maintain a consensus Buy rating with an average price target of $345.71 and several firms lifting targets toward $375–$400.

Balboa Wealth Partners decreased its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,250 shares of the information services provider's stock after selling 3,949 shares during the period. Alphabet accounts for 2.4% of Balboa Wealth Partners' investment portfolio, making the stock its 6th largest holding. Balboa Wealth Partners' holdings in Alphabet were worth $14,513,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Avaii Wealth Management LLC lifted its holdings in Alphabet by 2.3% in the 4th quarter. Avaii Wealth Management LLC now owns 1,437 shares of the information services provider's stock valued at $451,000 after acquiring an additional 32 shares during the last quarter. Accelerate Investment Advisors LLC lifted its holdings in Alphabet by 1.1% in the 4th quarter. Accelerate Investment Advisors LLC now owns 3,166 shares of the information services provider's stock valued at $993,000 after acquiring an additional 34 shares during the last quarter. Morse Asset Management Inc lifted its holdings in Alphabet by 3.3% in the 3rd quarter. Morse Asset Management Inc now owns 1,093 shares of the information services provider's stock valued at $266,000 after acquiring an additional 35 shares during the last quarter. Robinson Smith Wealth Advisors LLC lifted its holdings in Alphabet by 1.8% in the 3rd quarter. Robinson Smith Wealth Advisors LLC now owns 2,070 shares of the information services provider's stock valued at $504,000 after acquiring an additional 36 shares during the last quarter. Finally, Searle & CO. lifted its holdings in Alphabet by 0.6% in the 3rd quarter. Searle & CO. now owns 5,703 shares of the information services provider's stock valued at $1,389,000 after acquiring an additional 36 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Long-term TPU and networking deals deepen Alphabet’s hardware advantage and reduce AI cost exposure, supporting Google Cloud margins and enterprise wins. Broadcom and Google seal five-year AI chip partnership
• Positive Sentiment: Waymo’s expansion to Nashville signals commercial progress for autonomous ride‑hailing, turning an “Other Bets” narrative into potential revenue growth. Alphabet Climbs 4% on Waymo’s Nashville Expansion: The Self-Driving Bet Is Starting to Pay Off
• Positive Sentiment: Google Finance’s AI overhaul and real‑time insights broaden product monetization and user engagement — a near‑term product catalyst that supports ad and subscription upside. Google Finance Gets AI Overhaul - Rolls Out Real-Time Insights To 100+ Countries
• Positive Sentiment: Google Cloud remains the fastest‑growing major cloud platform with a surging cloud backlog and AI-native offerings (Vertex/Gemini + TPUs), improving revenue visibility and margin trajectory. Google Cloud Is the World’s Fastest-Growing Major Cloud Platform
• Positive Sentiment: Wing and DoorDash drone expansion into Atlanta adds another commercialization channel for logistics and local revenue opportunities. Alphabet's Wing Drone Unit, DoorDash Expand Into Atlanta. Google Stock Turns Green In 2026.
• Neutral Sentiment: Broad market tailwinds — including a temporary geopolitical ceasefire — lifted tech stocks broadly, amplifying Alphabet’s gains alongside stock‑specific news. Alphabet, Meta, Amazon, Nvidia lead tech rally after Trump announces ceasefire with Iran
• Neutral Sentiment: Competitors (Meta, Anthropic, OpenAI) continue product launches; heightened competition could pressure share if monetization or market share shifts. Meta debuts new AI model, attempting to catch Google, OpenAI after spending billions
• Negative Sentiment: Some institutional selling has occurred (TCW sold shares), and environmental/community pushback on large data‑center projects raises operational/permit risk for capacity expansion. TCW Relative Value Large Cap Fund Sold Alphabet Inc (GOOG) After Meeting Valuation Characteristics While Amazon, Microsoft, Google Struggle With AI On Land — China Looks To The Sea

Alphabet Price Performance

GOOG stock opened at $314.74 on Thursday. 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 Inc. has a one year low of $145.81 and a one year high of $350.15. The firm has a market capitalization of $3.81 trillion, a PE ratio of 29.12, a P/E/G ratio of 1.80 and a beta of 1.13. The firm has a 50-day moving average of $307.23 and a two-hundred day moving average of $298.03.

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

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio is currently 7.77%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Scotiabank reissued an "outperform" rating and issued a $400.00 price target (up from $375.00) on shares of Alphabet in a report on Thursday, February 5th. Cantor Fitzgerald reissued a "neutral" rating on shares of Alphabet in a report on Tuesday, January 20th. Citigroup reissued a "market outperform" rating on shares of Alphabet in a report on Wednesday, December 17th. Raymond James Financial raised shares of Alphabet from an "outperform" rating to a "strong-buy" rating and upped their price target for the company from $315.00 to $400.00 in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $375.00 price target on shares of Alphabet in a report on Thursday, January 15th. Nine equities research 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. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $345.71.

Insider Activity at Alphabet

In other Alphabet news, insider John Kent Walker sold 8,993 shares of the company's stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the sale, the insider directly owned 51,808 shares of the company's stock, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 617 shares of the company's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the sale, the chief accounting officer directly owned 10,093 shares of the company's stock, valued at $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 2,069,344 shares of company stock valued at $104,708,426. Corporate insiders own 12.99% of the company's stock.

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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