Harrington Investments INC Has $9.62 Million Position in Alphabet Inc. $GOOGL

Key Points

• Harrington Investments trimmed its stake in Alphabet (GOOGL) by 9.8%, selling 3,358 shares to hold 30,738 shares valued at $9.621 million, making Alphabet its third‑largest holding (4.8% of the portfolio).
• Alphabet beat Q4 expectations with $2.82 EPS vs. $2.57 expected and $113.83B revenue vs. $111.24B, and the stock was trading up ~5.1% with a $3.48T market cap and a consensus target near $368.
• Significant insider and institutional flows: CEO Sundar Pichai sold 32,500 shares (~$10M) and insiders have sold ~2.09M shares (~$112.5M) in the past 90 days, while institutions/hedge funds own about 40% of the stock and insiders roughly 11.6%.

Harrington Investments INC cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,738 shares of the information services provider's stock after selling 3,358 shares during the period. Alphabet accounts for 4.8% of Harrington Investments INC's holdings, making the stock its 3rd biggest holding. Harrington Investments INC's holdings in Alphabet were worth $9,621,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Silverleafe Capital Partners LLC bought a new stake in shares of Alphabet in the 4th quarter valued at about $930,000. Perkins Coie Trust Co lifted its position in Alphabet by 2.7% during the fourth quarter. Perkins Coie Trust Co now owns 65,364 shares of the information services provider's stock valued at $20,459,000 after acquiring an additional 1,740 shares during the last quarter. Paragon Advisors LLC boosted its stake in Alphabet by 24.7% in the fourth quarter. Paragon Advisors LLC now owns 24,352 shares of the information services provider's stock valued at $7,622,000 after acquiring an additional 4,828 shares in the last quarter. SeaCrest Wealth Management LLC boosted its stake in Alphabet by 0.3% in the fourth quarter. SeaCrest Wealth Management LLC now owns 178,693 shares of the information services provider's stock valued at $57,536,000 after acquiring an additional 537 shares in the last quarter. Finally, Sentinel Pension Advisors LLC grew its holdings in Alphabet by 5.8% in the fourth quarter. Sentinel Pension Advisors LLC now owns 2,591 shares of the information services provider's stock worth $811,000 after purchasing an additional 142 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Trading Up 5.1%

Shares of Alphabet stock opened at $287.56 on Wednesday. The stock has a market cap of $3.48 trillion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. The firm has a fifty day moving average price of $311.25 and a 200 day moving average price of $295.96. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $349.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results 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 net margin of 32.81% and a return on equity of 35.01%. Equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business 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 dividend payout ratio is presently 7.77%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google rolled out Veo 3.1 Lite, a lower‑cost video AI model aimed at broadening developer adoption by delivering similar speed at under half the cost versus premium models — a direct product push that could expand AI usage and cloud/compute revenue. Google Unveils Cheaper AI Video Model to Expand Adoption
• Positive Sentiment: Market reaction was aided by a geopolitical tailwind: shares jumped after reports President Trump signaled a willingness to end the multi‑week conflict with Iran, reducing risk‑off pressure on mega‑cap tech stocks. Alphabet (GOOGL) Stock Trades Up, Here Is Why
• Positive Sentiment: Needham reiterated a Buy on GOOGL with a $400 price target, reinforcing bullish analyst sentiment and providing an upside anchor for investors. Needham Reiterates Buy on Alphabet Inc. (GOOGL) With $400 Price Target
• Positive Sentiment: Reports show high‑profile investors adding to positions (e.g., Stanley Druckenmiller), and coverage that highlights Alphabet as a core AI/cloud compounder — both support demand and sentiment. Billionaire Stanley Druckenmiller Piled Into 2 of the Hottest AI Stocks for a Second Consecutive Quarter
• Neutral Sentiment: Alphabet remains featured in thematic AI/cloud roundups (cloud backlog growth and strong Q4 cloud revenue cited), underscoring long‑term structural demand even as near‑term volatility persists. 5 Cloud and AI Infrastructure Stocks Powering the Next Wave of AI
• Neutral Sentiment: Alphabet issued very long‑dated debt (100‑year issuance), a financing move that locks cheap funding long‑term but has mixed near‑term implications for capital allocation. Alphabet Taps Debt Markets With 100-Year Issuance
• Neutral Sentiment: Product/UX updates around Gmail and crypto wallet integrations were highlighted in recent coverage; this flags product complexity in crypto flows but is not yet a clear revenue catalyst. New Gmail update highlights major crypto wallet struggle
• Negative Sentiment: Regulatory risk: Indonesia summoned Google over non‑compliance with new child social media curbs, highlighting widening global regulatory scrutiny that could increase compliance costs or product restrictions abroad. Indonesia summons Meta and Google over non-compliance with child social media curbs, minister says
• Negative Sentiment: Publishers such as Future PLC blamed recent Google search changes for pressure on higher‑margin ad revenues, a reminder that platform shifts can disrupt partners and attract criticism/regulatory attention. Future shares flop on profit warning as Google search changes hit ad revenues

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $303.41, for a total value of $318,580.50. Following the completion of the transaction, the director directly owned 4,631 shares of the company's stock, valued at approximately $1,405,091.71. The trade was a 18.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total value of $10,006,425.00. Following the completion of the sale, the chief executive officer owned 1,642,060 shares in the company, valued at approximately $505,573,853.40. This represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 2,092,234 shares of company stock valued at $112,487,971. 11.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. New Street Research upped their price target on Alphabet from $330.00 to $380.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th. Citigroup lifted their target price on shares of Alphabet from $350.00 to $390.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. JPMorgan Chase & Co. restated a "buy" rating on shares of Alphabet in a research note on Monday, February 9th. UBS Group set a $348.00 price target on shares of Alphabet and gave the stock a "neutral" rating in a report on Thursday, February 5th. Finally, Barclays reiterated an "overweight" rating and set a $360.00 price objective (up from $315.00) on shares of Alphabet in a research note on Thursday, February 5th. Three investment analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $368.06.

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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