Carnegie Investment Counsel Sells 32,138 Shares of Alphabet Inc. $GOOGL

Key Points

• Carnegie Investment Counsel cut its stake in Alphabet by 4.9%, selling 32,138 shares in Q4 and now holds 628,482 shares worth $196,715,000, about 3.6% of its portfolio and its second-largest holding.
• Major institutions are increasing exposure—Berkshire Hathaway opened a new position ~ $4.34B and firms like Capital World Investors, Capital Research, Mizuho and Coatue added large stakes—while insiders have sold roughly 2.04M shares (~$94.2M) in the past 90 days (insiders own 11.64%).
• Alphabet beat Q4 estimates (EPS $2.82 vs $2.57; revenue $113.8B vs $111.2B), has a market cap near $4.1T, declared a $0.21 quarterly dividend (0.2% yield), and carries a MarketBeat consensus of "Moderate Buy" with a $369.67 price target.

Carnegie Investment Counsel cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 628,482 shares of the information services provider's stock after selling 32,138 shares during the quarter. Alphabet accounts for about 3.6% of Carnegie Investment Counsel's portfolio, making the stock its 2nd largest holding. Carnegie Investment Counsel's holdings in Alphabet were worth $196,715,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Berkshire Hathaway Inc acquired a new position in Alphabet during the third quarter valued at $4,338,397,000. Capital World Investors boosted its holdings in Alphabet by 28.0% in the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after purchasing an additional 11,605,785 shares during the last quarter. Capital Research Global Investors grew its position in Alphabet by 15.7% during the 3rd quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider's stock worth $12,333,076,000 after purchasing an additional 6,874,381 shares during the period. Mizuho Markets Cayman LP grew its position in Alphabet by 23,402.1% during the 3rd quarter. Mizuho Markets Cayman LP now owns 6,118,547 shares of the information services provider's stock worth $1,487,419,000 after purchasing an additional 6,092,513 shares during the period. Finally, Coatue Management LLC raised its stake in shares of Alphabet by 259.1% during the 3rd quarter. Coatue Management LLC now owns 7,221,115 shares of the information services provider's stock valued at $1,755,453,000 after buying an additional 5,210,434 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Performance

NASDAQ GOOGL opened at $338.89 on Friday. The stock has a market capitalization of $4.10 trillion, a price-to-earnings ratio of 31.35, a PEG ratio of 2.09 and a beta of 1.12. The stock has a 50-day moving average of $308.53 and a 200 day moving average of $303.92. 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 $147.84 and a twelve month high of $349.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.57 by $0.25. The company had revenue of $113.83 billion for 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%. Sell-side analysts anticipate that Alphabet Inc. will post 11.57 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were paid a $0.21 dividend. 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 0.2%. Alphabet's dividend payout ratio (DPR) is currently 7.77%.

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 8,993 shares of the business's stock in a transaction on Friday, March 27th. The shares were sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the sale, the insider owned 51,808 shares of the company's stock, valued at approximately $14,293,309.12. The trade was a 14.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the transaction, the chief executive officer owned 1,642,060 shares of the company's stock, valued at $505,573,853.40. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,037,294 shares of company stock worth $94,216,897 in the last ninety days. Company insiders own 11.64% of the company's stock.

Analysts Set New Price Targets

GOOGL has been the topic of a number of recent research reports. DZ Bank restated a "buy" rating on shares of Alphabet in a research note on Monday, February 16th. Truist Financial set a $385.00 price target on Alphabet in a research report on Thursday, February 5th. KeyCorp boosted their price target on Alphabet from $370.00 to $380.00 and gave the company an "overweight" rating in a report on Monday. Argus upped their price objective on Alphabet from $365.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Finally, DA Davidson raised their price objective on shares of Alphabet from $300.00 to $310.00 and gave the stock a "neutral" rating in a research note on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $369.67.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google unveiled two eighth‑generation TPUs (separate chips for training and inference), a move that could lower AI infrastructure costs and help Google Cloud compete with Nvidia. This product push underpins revenue and margin upside in cloud/AI services. Google Cloud launches two new AI chips to compete with Nvidia
• Positive Sentiment: Alphabet amplified its enterprise AI strategy at Cloud Next — launching the Gemini Enterprise Agent Platform and a $750M partner fund to accelerate agentic AI adoption. That accelerates monetization paths for AI in Google Cloud. Google makes an interesting choice with its new agent building tool for enterprises
• Positive Sentiment: Large commercial deals are following: Merck committed up to $1B to use Google Cloud and Gemini Enterprise, validating enterprise demand and multiyear revenue potential for cloud AI services. Merck to partner with Google Cloud on AI initiatives
• Positive Sentiment: Several sell‑side firms raised targets or reiterated bullish views (BMO to $410, UBS up to $375, Cantor to $395, KeyCorp to $380; JPMorgan and BofA reiterated Buy), signaling analyst confidence in Cloud + AI-driven growth ahead of Q1 results. BMO Raises Alphabet’s Target to $410 and Calls It “the Best Way to Own AI”
• Neutral Sentiment: Google is rolling consumer and workplace AI features (Wallet travel updates, Workspace automation, Chrome “auto browse”) that expand product engagement but are longer‑term monetization plays. Google updates Workspace to make AI your new office intern
• Neutral Sentiment: Independent bullish commentary (e.g., investor columns and pundit targets like Jim Cramer) support investor conviction but are opinion‑driven rather than new fundamentals. Jim Cramer sets Google stock price target
• Negative Sentiment: EU regulators are pressuring Google to give rival AI assistants access to Android features — a potential regulatory move that could weaken Android‑centric advantages and complicate Google’s ad/assistant ecosystem. Google Faces New EU Pressure to Give AI Rivals Android Access
• Negative Sentiment: Recent insider selling was reported, which briefly pressured shares; while not necessarily indicative of fundamentals, it can spook short‑term sentiment ahead of earnings. Alphabet Inc. NASDAQ: GOOGL Shares Down 1.2% Following Insider Selling

About Alphabet

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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