Pictet North America Advisors SA Lowers Stake in Alphabet Inc. $GOOGL

Key Points

• Pictet North America Advisors SA trimmed its Alphabet stake by 3.4% in Q4, selling 4,783 shares to hold 137,965 shares worth about $43.18 million, making GOOGL its fourth-largest position (~4.1% of the fund).
• Insider selling has been notable recently: CEO Sundar Pichai sold 32,500 shares (~$10.0M) and other insiders have contributed to roughly 2,069,344 shares sold (~$104.7M) over the past 90 days, with insiders owning about 11.64% of the stock.
• Fundamentals and sentiment are positive: Alphabet beat Q4 EPS and revenue expectations and Google Cloud momentum has driven analyst price-target upgrades and mostly Buy/Strong Buy recommendations, with an average target near $367.33.

Pictet North America Advisors SA cut its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,965 shares of the information services provider's stock after selling 4,783 shares during the quarter. Alphabet comprises about 4.1% of Pictet North America Advisors SA's holdings, making the stock its 4th largest position. Pictet North America Advisors SA's holdings in Alphabet were worth $43,183,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Members Trust Co grew its position in shares of Alphabet by 0.5% in the fourth quarter. Members Trust Co now owns 6,434 shares of the information services provider's stock valued at $2,014,000 after purchasing an additional 31 shares in the last quarter. Lifelong Wealth Advisors Inc. grew its position in shares of Alphabet by 1.9% in the fourth quarter. Lifelong Wealth Advisors Inc. now owns 1,728 shares of the information services provider's stock valued at $541,000 after purchasing an additional 33 shares in the last quarter. White Wing Wealth Management grew its position in shares of Alphabet by 2.9% in the fourth quarter. White Wing Wealth Management now owns 1,155 shares of the information services provider's stock valued at $362,000 after purchasing an additional 33 shares in the last quarter. Quantum Financial Advisors LLC grew its position in shares of Alphabet by 0.3% in the fourth quarter. Quantum Financial Advisors LLC now owns 11,799 shares of the information services provider's stock valued at $3,693,000 after purchasing an additional 34 shares in the last quarter. Finally, Delta Asset Management LLC TN grew its position in shares of Alphabet by 0.6% in the third quarter. Delta Asset Management LLC TN now owns 6,153 shares of the information services provider's stock valued at $1,496,000 after purchasing an additional 37 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Price Performance

Alphabet stock opened at $318.49 on Friday. Alphabet Inc. has a 52 week low of $146.10 and a 52 week high of $349.00. The business has a 50-day simple moving average of $307.27 and a 200 day simple moving average of $297.90. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. The stock has a market cap of $3.85 trillion, a price-to-earnings ratio of 29.46, a PEG ratio of 1.96 and a beta of 1.12.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.57 by $0.25. 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 analysts' expectations of $111.24 billion. On average, research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Expanded Google–Intel AI infrastructure partnership boosts visibility for Google Cloud capacity and lowers execution risk for AI workloads hosted on Google’s platform. Investors view deeper Intel ties as supportive of sustained cloud/AI demand. Read More.
• Positive Sentiment: Broadcom–Google/Anthropic TPU and networking deals lock in multi‑year supply for Google’s custom AI racks, strengthening Alphabet’s hardware stack and third‑party TPU offerings — a structural positive for Google Cloud inference/train economics. Read More.
• Positive Sentiment: Google Cloud momentum: recent writeups highlight ~50% Q4 cloud growth, a large cloud backlog and heavy capex to expand TPU/data center capacity — the operating story supporting higher revenue visibility and margin improvement. Read More.
• Positive Sentiment: Project Glasswing and broader industry cybersecurity initiatives (including banks and big tech) reduce AI‑related operational risk for cloud providers and reinforce Google’s role in enterprise AI security cooperation. That should reassure enterprise customers. Read More.
• Positive Sentiment: Analyst support is increasing: Needham and Cantor Fitzgerald reiterated bullish ratings with elevated price targets, and William O'Neil reinstated a Buy — near‑term sentiment tailwind for the shares. Read More.
• Positive Sentiment: Waymo geographic expansion (Nashville) and Wing/ DoorDash drone rollout (Atlanta) provide concrete commercialization updates for Alphabet’s non‑Search growth engines, supporting optionality beyond ads. Read More. / Read More.
• Neutral Sentiment: Coverage pieces and investor guides (Fool, MarketBeat) reiterate Alphabet’s long‑term AI/cloud story — helpful for sentiment but not new operational data. Read More.
• Neutral Sentiment: Mentions of Alphabet’s stake in SpaceX and “hidden assets” offer valuation debate fodder; potential upside if monetized but uncertain timing. Read More.
• Negative Sentiment: Operational headwinds flagged for hyperscalers (community pushback, water/land/energy constraints) as some data‑center projects face delays or cancellations — a potential capex/expansion risk for cloud capacity plans. Read More.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the completion of the sale, the chief executive officer owned 1,642,060 shares of the company's stock, valued at $505,573,853.40. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 8,993 shares of Alphabet stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the sale, the insider directly owned 51,808 shares of the company's stock, valued at approximately $14,293,309.12. This trade represents a 14.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 2,069,344 shares of company stock valued at $104,708,426. 11.64% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GOOGL shares. Stifel Nicolaus reiterated a "buy" rating and issued a $395.00 price target (up from $346.00) on shares of Alphabet in a research report on Thursday, February 5th. Moffett Nathanson lifted their price target on Alphabet from $305.00 to $350.00 and gave the company a "buy" rating in a research report on Thursday, February 5th. New Street Research lifted their price target on Alphabet from $330.00 to $380.00 and gave the company a "buy" rating in a research report on Tuesday, February 10th. Robert W. Baird lifted their price target on Alphabet from $375.00 to $380.00 and gave the company an "outperform" rating in a research report on Friday, March 6th. Finally, Truist Financial set a $385.00 price target on Alphabet in a research report 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 given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $367.33.

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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