Harspring Capital Management LLC Has $16.48 Million Stock Holdings in Alphabet Inc. $GOOG

Key Points

• Harspring trimmed its Alphabet stake 6.9% to 67,650 shares, leaving holdings worth $16.48 million, which represent about 6.3% of the firm's portfolio and its ninth-largest position.
• Alphabet has recent operational and financial momentum — it closed a $32 billion acquisition of Wiz, is integrating Gemini AI into Google Maps, and reported an earnings beat with revenue up 18% year-over-year; the company also announced a quarterly dividend of $0.21 (0.3% yield).
• Ownership signals are mixed: large institutions such as Norges Bank, JPMorgan and Vanguard added or increased positions, while insiders sold roughly 2.11 million shares (about $118.6 million) in the latest quarter.

Harspring Capital Management LLC trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,650 shares of the information services provider's stock after selling 5,000 shares during the quarter. Alphabet accounts for about 6.3% of Harspring Capital Management LLC's holdings, making the stock its 9th largest position. Harspring Capital Management LLC's holdings in Alphabet were worth $16,476,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in GOOG. Norges Bank bought a new position in shares of Alphabet in the second quarter valued at approximately $4,298,572,000. JPMorgan Chase & Co. increased its holdings in Alphabet by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider's stock worth $24,240,469,000 after acquiring an additional 7,904,434 shares during the period. Vanguard Group Inc. increased its holdings in Alphabet by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 416,753,033 shares of the information services provider's stock worth $73,927,821,000 after acquiring an additional 5,182,111 shares during the period. Assenagon Asset Management S.A. lifted its stake in Alphabet by 73.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 9,808,152 shares of the information services provider's stock worth $2,388,775,000 after purchasing an additional 4,154,929 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its stake in Alphabet by 17,547.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,122,727 shares of the information services provider's stock worth $731,331,000 after purchasing an additional 4,099,366 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet closed its largest-ever acquisition, the $32B purchase of Wiz, adding cloud security capabilities to Google Cloud that could improve revenue mix and enterprise adoption. Google Completes $32 Billion Purchase of Cybersecurity Firm Wiz
• Positive Sentiment: Gemini AI is being integrated into Google Maps via an “Ask Maps” feature, demonstrating monetizable product differentiation and widening Gemini’s reach across core apps. Google Adds Its Gemini AI Model to Google Maps
• Positive Sentiment: Google reversed course on Android billing, cutting developer fees and restoring Fortnite to the Play Store — a move that reduces platform friction and can help app store revenue/stability. Google App Store Brings Back Fortnite, Changes Fee Structure
• Positive Sentiment: Competitor delay: Meta reportedly postponed its next AI model release, which may give Alphabet more time to extend Gemini’s lead and capture incremental market share. Meta Is Falling Behind in AI Models. Its Loss Could Be Google's Gain, Report Says.
• Neutral Sentiment: Alphabet will combine its GFiber unit with Astound Broadband and retain a minority stake; this reduces capex burden but limits control — a capital-allocation tradeoff investors are parsing. Google sells partial stake in fiber business, becomes minority owner of new venture
• Negative Sentiment: Regulatory risk: U.K. regulator Ofcom has issued deadlines and warnings for tech firms to better protect young users — heightened regulatory scrutiny can increase compliance costs and policy uncertainty. Big tech given warning - and deadline - by UK regulator
• Negative Sentiment: Some outlets and analysts flag that Google’s AI story is being tested versus expectations (valuation and competitive pressure), a narrative that can cap near-term multiple expansion. Google’s AI Dominance Is Being Tested. Here’s What Investors Need to Know

Alphabet Price Performance

Shares of GOOG traded up $3.25 during midday trading on Friday, reaching $306.46. The stock had a trading volume of 2,800,233 shares, compared to its average volume of 21,950,432. 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 company has a market capitalization of $3.71 trillion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 1.81 and a beta of 1.10. The company's 50-day moving average is $319.64 and its 200 day moving average is $289.11. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $350.15.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.23. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The business had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. During the same quarter in the prior year, the firm earned $2.15 earnings per share. Alphabet's revenue for the quarter was up 18.0% on a year-over-year basis. On average, equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed 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 of this dividend 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 is 7.77%.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 47,574 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the transaction, the insider owned 13,227 shares of the company's stock, valued at approximately $3,987,279.15. This trade represents a 78.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 2,778 shares of the business's stock in a transaction on Monday, December 15th. The stock was sold at an average price of $312.30, for a total transaction of $867,569.40. Following the completion of the sale, the chief accounting officer directly owned 8,962 shares of the company's stock, valued at $2,798,832.60. This represents a 23.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,112,493 shares of company stock worth $118,605,094 in the last quarter. 12.99% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Guggenheim restated a "buy" rating and set a $375.00 price target on shares of Alphabet in a research report on Monday, December 1st. TD Cowen restated a "buy" rating and issued a $365.00 target price (up from $355.00) on shares of Alphabet in a research note on Thursday, February 5th. Truist Financial set a $350.00 price target on Alphabet in a research report on Friday, December 5th. Cantor Fitzgerald restated a "neutral" rating on shares of Alphabet in a research report on Tuesday, January 20th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and set a $345.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Nine research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $345.71.

Alphabet Company Profile

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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