Alphabet Inc. $GOOGL Shares Sold by Zevin Asset Management LLC

Key Points

• Zevin Asset Management cut its Alphabet stake by 11.6% in Q3, selling 9,061 shares and now holds 69,141 shares valued at about $16.81 million, making GOOGL its 14th largest position.
• CEO Sundar Pichai sold 32,500 shares for roughly $9.86 million and insiders disposed of 2,112,493 shares (~$118.6M) last quarter, though company insiders still own 11.55% of Alphabet.
• Analysts are largely positive — the consensus rating is "Moderate Buy" with a consensus target of $367.18 after multiple price‑target raises — but momentum from wins like CVS on Google Cloud is tempered by legal and regulatory risks around Gemini and Waymo.

Zevin Asset Management LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 11.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,141 shares of the information services provider's stock after selling 9,061 shares during the quarter. Alphabet comprises about 2.4% of Zevin Asset Management LLC's holdings, making the stock its 14th largest position. Zevin Asset Management LLC's holdings in Alphabet were worth $16,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Avalon Trust Co boosted its position in shares of Alphabet by 13.7% in the third quarter. Avalon Trust Co now owns 54,252 shares of the information services provider's stock worth $13,189,000 after acquiring an additional 6,530 shares during the last quarter. ROI Financial Advisors LLC increased its position in Alphabet by 0.7% during the third quarter. ROI Financial Advisors LLC now owns 36,679 shares of the information services provider's stock worth $8,917,000 after purchasing an additional 272 shares during the last quarter. Alteri Wealth LLC increased its position in Alphabet by 2.5% during the third quarter. Alteri Wealth LLC now owns 26,641 shares of the information services provider's stock worth $6,476,000 after purchasing an additional 649 shares during the last quarter. TSA Wealth Managment LLC raised its stake in Alphabet by 30.8% during the third quarter. TSA Wealth Managment LLC now owns 2,048 shares of the information services provider's stock worth $498,000 after purchasing an additional 482 shares during the period. Finally, Koshinski Asset Management Inc. raised its stake in Alphabet by 3.8% during the third quarter. Koshinski Asset Management Inc. now owns 34,659 shares of the information services provider's stock worth $8,426,000 after purchasing an additional 1,276 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Large cloud commercial win — CVS will deploy an AI‑enabled health platform on Google Cloud, validating enterprise demand for recurring cloud/AI revenue and supporting the Google Cloud/Gemini growth story. CVS taps Google Cloud
• Positive Sentiment: AI partnership continuity — Google said Anthropic will remain available for non‑defense projects after DoD actions, limiting disruption to Alphabet’s access to Anthropic models and enterprise AI offerings. Google says Anthropic remains available
• Positive Sentiment: Analyst and institutional support — Robert W. Baird lifted its price target to $380 and other firms have boosted targets/ratings recently, reinforcing buy narratives and upside vs. the current price. Baird raises price target
• Neutral Sentiment: Small insider sales — filings show modest sales by a director and the CAO; routine disclosures that markets note but are not large enough to signal strategic conviction changes. SEC filing — insider sales
• Neutral Sentiment: Market commentary on recent pullback — coverage (e.g., Zacks) highlights the stock’s slide since earnings and asks whether it can rebound, offering investor viewpoints but no new company fundamentals. Zacks — can it rebound?
• Negative Sentiment: Legal/PR overhang: a wrongful‑death lawsuit alleges harmful guidance from the Gemini chatbot, raising potential liability, regulatory scrutiny and reputational risk for Alphabet’s core AI investment thesis. Gemini wrongful‑death lawsuit
• Negative Sentiment: Autonomous‑vehicle scrutiny — the NHTSA/NHTSA‑led safety forum and ongoing probes into Waymo incidents increase regulatory risk and operational uncertainty for the self‑driving unit. NHTSA self‑driving safety forum
• Negative Sentiment: App store revenue pressure — a settlement with Epic lowered Play Store commission rates (to ~20% + up to 5%), which could modestly reduce Play‑ecosystem take rates and near‑term revenue. Play Store commission cut
• Negative Sentiment: Macro/geopolitical pressure — recent tensions and tech pullbacks in affected markets (e.g., Dubai exposure) are weighing on large‑cap tech multiples, contributing to negative sentiment around GOOGL. Tech offices respond to U.S.-Iran tensions

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Loop Capital boosted their price objective on shares of Alphabet from $320.00 to $355.00 and gave the company a "buy" rating in a research note on Monday, February 23rd. Guggenheim reaffirmed a "buy" rating and issued a $375.00 target price (up from $330.00) on shares of Alphabet in a research report on Monday, December 1st. DA Davidson lifted their target price on Alphabet from $300.00 to $310.00 and gave the company a "neutral" rating in a report on Thursday, February 5th. China Renaissance boosted their price target on Alphabet from $330.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, February 6th. Finally, Evercore restated an "outperform" rating and set a $400.00 price target (up from $325.00) on shares of Alphabet in a research note on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $367.18.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $303.38, for a total value of $9,859,850.00. Following the completion of the transaction, the chief executive officer owned 1,674,560 shares in the company, valued at $508,028,012.80. This represents a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O'toole sold 955 shares of the stock in a transaction that occurred 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 sale, 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 have sold 2,112,493 shares of company stock valued at $118,605,094. Company insiders own 11.55% of the company's stock.

Alphabet Stock Down 0.7%

Shares of Alphabet stock opened at $298.80 on Monday. The company has a fifty day moving average price of $319.93 and a 200 day moving average price of $286.87. 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 twelve month low of $140.53 and a twelve month high of $349.00. The stock has a market cap of $3.61 trillion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 1.75 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.25. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. Equities research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders 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 dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is 7.77%.

Alphabet Company Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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