Guyasuta Investment Advisors Inc. Cuts Stock Holdings in Alphabet Inc. $GOOG

Key Points

• Guyasuta Investment Advisors trimmed its Alphabet stake by 3.1% in Q4, selling 12,186 shares and leaving it with 377,567 shares worth $118.48 million, which comprises 6.8% of the fund and is its second-largest holding.
• Insider selling has been notable recently: 2017 Gp L.L.C. Gv sold 1,845,308 shares for about $35.06 million and CEO Sundar Pichai sold 32,500 shares for ~$9.88 million, with insiders netting 2,069,794 shares sold (~$104.85 million) over the past three months and now owning 12.99% of the stock.
• Large institutions largely added to positions (e.g., JPMorgan +8.6% to ~99.53M shares), while Alphabet beat quarterly EPS/revenue estimates and analysts maintain a consensus "Buy" rating with a $346.03 target amid Google Cloud and AI catalysts.

Guyasuta Investment Advisors Inc. reduced its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 377,567 shares of the information services provider's stock after selling 12,186 shares during the quarter. Alphabet comprises 6.8% of Guyasuta Investment Advisors Inc.'s portfolio, making the stock its 2nd biggest holding. Guyasuta Investment Advisors Inc.'s holdings in Alphabet were worth $118,481,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in shares of Alphabet by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider's stock valued at $24,240,469,000 after purchasing an additional 7,904,434 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Alphabet by 5.8% in the third quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider's stock valued at $9,749,864,000 after purchasing an additional 2,209,203 shares during the last quarter. Legal & General Group Plc grew its position in shares of Alphabet by 0.7% in the third quarter. Legal & General Group Plc now owns 32,583,332 shares of the information services provider's stock valued at $7,935,671,000 after purchasing an additional 223,743 shares during the last quarter. Capital World Investors grew its position in shares of Alphabet by 1.9% in the third quarter. Capital World Investors now owns 28,625,464 shares of the information services provider's stock valued at $6,971,769,000 after purchasing an additional 539,679 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Alphabet by 3.6% in the third quarter. Invesco Ltd. now owns 21,531,348 shares of the information services provider's stock valued at $5,243,960,000 after purchasing an additional 756,602 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of Alphabet stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $19.00, for a total value of $35,060,852.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the completion of the transaction, the chief executive officer owned 2,818,524 shares of the company's stock, valued at $856,605,814.08. This trade represents a 1.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,069,794 shares of company stock worth $104,854,147. 12.99% of the stock is currently owned by insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street bullishness ahead of Google Cloud Next and earnings: analysts have named Alphabet a top pick and one analyst sees meaningful upside tied to Google Cloud and AI momentum, supporting continued investor interest. Read More.
• Positive Sentiment: New AI hardware roadmap: multiple reports and Bloomberg coverage indicate Google will announce a new generation of inference-focused TPUs (custom AI chips), which could improve margins and cloud differentiation if adoption scales. Read More.
• Neutral Sentiment: Reports that Google is in design talks with Marvell for AI chips have surfaced; the news could be strategic (diversifying suppliers) but remains unconfirmed and analysts have disputed the deal’s immediacy, making market impact uncertain. Read More.
• Neutral Sentiment: Tech/ETF pressure: broader tech weakness and pullbacks in major semiconductor and FAAMG names are contributing to Alphabet’s slide as ETFs like QQQ and VTI show tech-heavy drawdowns that weigh on GOOG. Read More.
• Negative Sentiment: Large reported 13F moves raise selling noise: a Quiver Quant filing shows Cardano Risk Management dramatically reduced its reported GOOG/GOOGL positions (~90% cuts), which could create short-term selling pressure (filing/parse caveats apply). Read More.
• Negative Sentiment: Insider selling: Director John L. Hennessy disclosed a sale of 1,050 shares on April 15, a small insider sale that adds to the day’s negative signals for some investors. Read More.

Alphabet Stock Down 1.2%

NASDAQ GOOG opened at $335.40 on Tuesday. 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 stock's 50 day moving average is $306.20 and its two-hundred day moving average is $302.92. The company has a market capitalization of $4.06 trillion, a price-to-earnings ratio of 31.03, a PEG ratio of 2.09 and a beta of 1.13. Alphabet Inc. has a 1-year low of $148.40 and a 1-year high of $350.15.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The information services provider reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.59 by $0.23. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The company had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. During the same period in the previous year, the business earned $2.15 earnings per share. The company's quarterly revenue was up 18.0% on a year-over-year basis. Equities analysts forecast that Alphabet Inc. will post 11.53 earnings per share for the current fiscal 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 paid a $0.21 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's payout ratio is 7.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GOOG shares. Needham & Company LLC set a $400.00 price target on Alphabet and gave the company a "buy" rating in a research report on Friday, March 13th. KeyCorp set a $370.00 price target on Alphabet in a research report on Thursday, February 5th. JPMorgan Chase & Co. raised their price target on Alphabet from $385.00 to $395.00 and gave the company an "overweight" rating in a research report on Thursday, February 5th. Canaccord Genuity Group raised their price target on Alphabet from $330.00 to $390.00 and gave the company a "buy" rating in a research report on Wednesday, January 7th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $345.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Eight analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $346.03.

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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