Banque Pictet & Cie SA Has $750.48 Million Stake in Alphabet Inc. $GOOG

Banque Pictet & Cie SA trimmed its stake in Alphabet Inc. (NASDAQ:GOOG) by 40.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,391,589 shares of the information services provider’s stock after selling 1,640,262 shares during the period. Alphabet makes up about 4.4% of Banque Pictet & Cie SA’s portfolio, making the stock its 3rd biggest position. Banque Pictet & Cie SA’s holdings in Alphabet were worth $750,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Imprint Wealth LLC bought a new stake in shares of Alphabet during the 3rd quarter worth approximately $31,000. Manning & Napier Advisors LLC bought a new stake in shares of Alphabet during the 3rd quarter worth approximately $32,000. Tripletail Wealth Management LLC bought a new stake in shares of Alphabet during the 3rd quarter worth approximately $40,000. Retirement Wealth Solutions LLC lifted 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 worth $48,000 after acquiring an additional 116 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC lifted its stake in shares of Alphabet by 56.8% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 218 shares of the information services provider’s stock worth $53,000 after acquiring an additional 79 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $303.41, for a total transaction of $318,580.50. Following the transaction, the director directly owned 4,631 shares in the company, valued at $1,405,091.71. This trade represents a 18.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total value of $9,877,400.00. Following the transaction, the chief executive officer owned 2,818,524 shares in the company, valued at $856,605,814.08. The trade was a 1.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 2,101,844 shares of company stock valued at $115,147,751. Company insiders own 12.99% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Broadcom signed a long‑term agreement to develop and supply Google’s future custom AI chips (through 2031) and expanded compute arrangements that also involve Anthropic — this secures a key supply chain component for Google’s next‑gen AI racks and supports Google Cloud/Gemini scale. Broadcom signs long-term deal to develop Google’s custom AI chips
• Positive Sentiment: Investor/analyst backing is resurfacing: billionaire/allocations (Druckenmiller, Ken Griffin mentions) and fresh analyst notes keep a constructive view on GOOGL’s AI and cloud growth — supportive for sentiment and demand for shares. Alphabet is a Top AI Stock Pick of Billionaire Ken Griffin
• Neutral Sentiment: Google adjusted Gemini pricing for different AI workloads — this gives developers more levers to trade cost vs. performance and could help adoption and monetization, but the revenue impact will depend on uptake and pricing mix. Google Adjusts Gemini Pricing for Different AI Workloads
• Negative Sentiment: Large planned 2026 capital spending (reports cite ~$175–$185B / ~$180B) is a double‑edged sword — it underpins AI/cloud leadership but will likely pressure margins and free cash flow in the near term. Nobody Believed In Alphabet: In 2026, It Faces Its Biggest Test
• Negative Sentiment: Shareholder and community pressure over water and power use at data centers is rising — potential project delays, cancellations or increased compliance costs are execution risks for expansion plans. Investors press Amazon, Microsoft and Google on water, power use in US data centers
• Negative Sentiment: Reports that Google’s AI “Overviews” can be manipulated by scammers have triggered anti‑spam fixes — a reminder that product reliability and user trust issues could impact search experience and ad monetization if not fully resolved. Alphabet Faces AI Overview Fraud Questions
• Negative Sentiment: Visible insider selling and mixed institutional flows (large rebalances reported) add a technical/headline headwind that can amplify short‑term volatility despite strong fundamentals. Quiver Quantitative summary of opinions and insider activity

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $375.00 price target on shares of Alphabet in a research note on Thursday, January 15th. KeyCorp set a $370.00 price target on Alphabet in a research note on Thursday, February 5th. TD Cowen reissued a “buy” rating and set a $365.00 price target (up from $355.00) on shares of Alphabet in a research note on Thursday, February 5th. BMO Capital Markets reissued an “outperform” rating and set a $400.00 price target on shares of Alphabet in a research note on Thursday, February 5th. Finally, Needham & Company LLC set a $400.00 price target on Alphabet and gave the stock a “buy” rating in a research note on Friday, March 13th. Nine research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $345.71.

Alphabet Trading Up 1.1%

GOOG opened at $297.66 on Tuesday. The stock’s fifty day moving average is $308.28 and its two-hundred day moving average is $297.57. The company has a market capitalization of $3.60 trillion, a P/E ratio of 27.54, a PEG ratio of 1.80 and a beta of 1.13. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $350.15. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.59 by $0.23. The company had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.Alphabet’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period last year, the business posted $2.15 EPS. Analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

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

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.