Eldred Rock Partners LLC Has $21.48 Million Stock Holdings in Alphabet Inc. $GOOGL

Key Points

• Eldred Rock Partners trimmed its Alphabet stake by 33% in Q4 to 68,638 shares—worth $21.48 million—and Alphabet now represents 5.6% of the fund's portfolio, its largest holding.
• Large institutions increased exposure: Berkshire Hathaway bought a new Alphabet position worth $4.338 billion, while firms like Capital World Investors and Capital Research materially raised stakes, leaving institutional ownership around 40.03%.
• Insider selling was notable: John Kent Walker sold 8,993 shares (~$2.48 million) and insiders disposed of about 2,069,344 shares worth ~$104.7 million in the last quarter, with insiders now owning roughly 11.64% of the stock.

Eldred Rock Partners LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 33.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 68,638 shares of the information services provider's stock after selling 33,761 shares during the period. Alphabet makes up 5.6% of Eldred Rock Partners LLC's investment portfolio, making the stock its biggest position. Eldred Rock Partners LLC's holdings in Alphabet were worth $21,484,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Berkshire Hathaway Inc bought a new stake in Alphabet in the third quarter worth $4,338,397,000. Capital World Investors lifted its stake 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 worth $12,910,542,000 after purchasing an additional 11,605,785 shares during the last quarter. Capital Research Global Investors lifted its stake in Alphabet by 15.7% in the third 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 last quarter. Mizuho Markets Cayman LP lifted its stake in Alphabet by 23,402.1% in the third 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 last quarter. Finally, Coatue Management LLC lifted its stake in Alphabet by 259.1% in the third quarter. Coatue Management LLC now owns 7,221,115 shares of the information services provider's stock worth $1,755,453,000 after purchasing an additional 5,210,434 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 8,993 shares of the business'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 transaction, the insider owned 51,808 shares in the company, valued at $14,293,309.12. The trade was a 14.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frances Arnold sold 112 shares of the business's stock in a transaction dated 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 owned 18,418 shares in the company, valued at $5,580,469.82. This represents a 0.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,069,344 shares of company stock valued at $104,708,426 in the last quarter. 11.64% of the stock is currently owned by company insiders.

Alphabet Stock Performance

Alphabet stock opened at $317.20 on Friday. 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 firm has a 50-day moving average of $306.85 and a 200-day moving average of $298.67. The firm has a market cap of $3.84 trillion, a P/E ratio of 29.34, a P/E/G ratio of 1.96 and a beta of 1.12. Alphabet Inc. has a 1-year low of $146.10 and a 1-year high of $349.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.57 by $0.25. The company had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. Sell-side analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

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

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Stronger AI/cloud positioning: Google expanded its multi‑year AI infrastructure partnership with Intel to co‑develop processors and power Google Cloud AI workloads — a sign of durable demand for cloud AI capacity that supports Google Cloud revenue growth. Read More.
• Positive Sentiment: Broadcom and Anthropic deals validate Google’s AI infrastructure strategy and the broader market for non‑NVIDIA accelerators — a constructive signal for Alphabet’s AI cost and supply relationships. Read More.
• Positive Sentiment: Analyst and media bullishness on AI adoption: BNP Paribas and other commentators highlight Gemini and Anthropic as drivers that can take share in the generative AI market, underpinning ad/productivity monetization upside for Alphabet. Read More.
• Positive Sentiment: Monetization tailwind — YouTube raised U.S. Premium prices, which should boost ARPU and subscription revenue over time. Read More.
• Positive Sentiment: Bullish price‑target action from Mizuho (raised to $420) reinforces upside thesis for investors focused on long‑term AI/cloud gains. (No link)
• Neutral Sentiment: Short interest report is effectively meaningless/noisy for today’s move (data shows zero shares / reporting artifact), so it’s not the driver of the stock’s action. (No link)
• Negative Sentiment: Regulatory risk for Waymo: A California bill would require more human operators for robotaxis, raising operating costs and regulatory uncertainty for Alphabet’s autonomous‑vehicle ambitions. Read More.
• Negative Sentiment: International/content regulatory pressure: Indonesia issued a reprimand to YouTube over new social media rules for children, underscoring regional enforcement risk that can hit engagement or require costly compliance changes. Read More.
• Negative Sentiment: Analyst downgrade pressure: Wolfe Research trimmed its price target from $390 to $360, which increases short‑term selling pressure despite the firm still rating the stock “outperform.” (No link)

Analyst Ratings Changes

Several analysts have weighed in on the stock. Sanford C. Bernstein boosted their price target on shares of Alphabet from $305.00 to $335.00 and gave the stock a "market perform" rating in a research note on Monday, February 2nd. KeyCorp set a $370.00 price target on shares of Alphabet and gave the stock an "overweight" rating in a research note on Thursday, February 5th. Bank of America boosted their price target on shares of Alphabet from $335.00 to $370.00 and gave the stock a "buy" rating in a research note on Tuesday, January 13th. Citizens Jmp reissued a "market outperform" rating and issued a $385.00 price target on shares of Alphabet in a research note on Thursday, February 5th. Finally, Wedbush boosted their price target on shares of Alphabet from $360.00 to $370.00 and gave the stock an "outperform" rating in a research note on Thursday, February 5th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and a consensus target price of $366.92.

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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