Longfellow Investment Management Co. LLC Raises Position in Alphabet Inc. $GOOG

Key Points

• Longfellow Investment Management increased its stake in Alphabet by 89.1% in Q3 to 22,953 shares, a position worth $5.59 million that represents about 1.3% of the firm's portfolio and is its 14th largest holding.
• Insider selling was notable: CEO Sundar Pichai sold 32,500 shares (~$10.44M) on Jan 7, and insiders sold a total of 2,112,493 shares (~$118.6M) over the last quarter, leaving insiders with 12.99% ownership.
• Strong fundamentals and dividend: Alphabet beat Q4 estimates with $2.82 EPS vs. $2.59 and $113.83B revenue (up 18% y/y), declared a $0.21 quarterly dividend, and has an average analyst rating of "Buy" with a $343.90 price target.

Longfellow Investment Management Co. LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 89.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,953 shares of the information services provider's stock after purchasing an additional 10,812 shares during the quarter. Alphabet comprises about 1.3% of Longfellow Investment Management Co. LLC's investment portfolio, making the stock its 14th biggest position. Longfellow Investment Management Co. LLC's holdings in Alphabet were worth $5,590,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GOOG. Manning & Napier Advisors LLC purchased a new position in Alphabet during the third quarter worth about $32,000. Tripletail Wealth Management LLC purchased a new stake in Alphabet in the 3rd quarter valued at about $40,000. University of Illinois Foundation purchased a new stake in Alphabet in the 2nd quarter valued at about $31,000. Retirement Wealth Solutions LLC increased its stake in shares of Alphabet by 145.0% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider's stock valued at $48,000 after acquiring an additional 116 shares during the last quarter. Finally, Horrell Capital Management Inc. increased its stake in shares of Alphabet by 100.0% during the 2nd quarter. Horrell Capital Management Inc. now owns 200 shares of the information services provider's stock valued at $35,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $321.21, for a total value of $10,439,325.00. Following the completion of the transaction, the chief executive officer owned 2,244,372 shares in the company, valued at $720,914,730.12. This represents a 1.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O'toole sold 2,778 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were 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 trade represents a 23.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 2,112,493 shares of company stock valued at $118,605,094. Insiders own 12.99% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Cantor Fitzgerald reissued a "neutral" rating on shares of Alphabet in a research report on Tuesday, January 20th. Wells Fargo & Company raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. Loop Capital raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 18th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $345.00 price target on shares of Alphabet in a report on Thursday, February 5th. Finally, Phillip Securities raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Friday, November 7th. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Alphabet has an average rating of "Buy" and an average price target of $343.90.

Alphabet Stock Down 0.9%

Shares of NASDAQ GOOG opened at $298.30 on Friday. The stock has a fifty day moving average price of $320.28 and a 200 day moving average price of $286.23. 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 12-month low of $142.66 and a 12-month high of $350.15. The company has a market cap of $3.61 trillion, a P/E ratio of 27.59, a P/E/G ratio of 1.76 and a beta of 1.10.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, topping 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 analysts' expectations of $111.24 billion. During the same quarter in the previous year, the firm posted $2.15 earnings per share. The firm's quarterly revenue was up 18.0% on a year-over-year basis. Research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet's payout ratio is 7.77%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Large enterprise/cloud wins and AI demand: Google Cloud deals (CVS health AI platform) and reported TPU leasing by Meta point to higher recurring cloud revenue and infrastructure utilization that support near‑term revenue growth. CVS taps Google Cloud Meta leases Google TPUs
• Positive Sentiment: Solid fundamentals/analyst support: Q4 results and earnings beats reinforce the “quality growth” narrative, and Bank of America’s reiterated Buy/$370 target keeps bull case intact. Q4 quality growth Bank of America maintains $370
• Neutral Sentiment: Anthropic access clarified: Google says Anthropic remains available for non‑defense uses after a DoD blacklist — this reduces near‑term disruption risk to customers but leaves policy uncertainty around defense contracts. Google on Anthropic availability
• Neutral Sentiment: Market narrative shifting: Analysts note GOOG’s strong 12‑month run has moved it from a “value” label to an execution/AI‑growth story — bullish if growth continues, but raises expectations. Forbes valuation piece
• Negative Sentiment: Geopolitical / physical risk to infrastructure: Reports that hyperscaler data centers are becoming military targets in the Iran war increase operational and security risk for cloud operations and potential outages. Data centers targeted
• Negative Sentiment: Regulatory/legal headwinds and fee cuts: The Epic Games settlement (lower Play Store commissions) and a high‑profile Gemini wrongful‑death lawsuit raise revenue/margin and liability concerns for consumer services. Play Store settlement Gemini lawsuit
• Negative Sentiment: Regulatory scrutiny on Waymo / AV safety and technical/short‑term chart pressure: NTSB/industry scrutiny of autonomous‑vehicle safety plus technical analysts calling a short thesis add to near‑term selling pressure. Waymo NTSB scrutiny Chart short thesis

Alphabet 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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