Freestone Capital Holdings LLC Decreases Stock Position in Alphabet Inc. $GOOG

Freestone Capital Holdings LLC reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,581 shares of the information services provider’s stock after selling 1,825 shares during the period. Alphabet comprises approximately 0.7% of Freestone Capital Holdings LLC’s holdings, making the stock its 21st largest position. Freestone Capital Holdings LLC’s holdings in Alphabet were worth $25,286,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Alphabet by 8.6% in 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 last quarter. Alliancebernstein L.P. raised its holdings in Alphabet by 5.8% in the 3rd quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider’s stock worth $9,749,864,000 after acquiring an additional 2,209,203 shares during the last quarter. Legal & General Group Plc raised its holdings in Alphabet by 0.7% in the 3rd quarter. Legal & General Group Plc now owns 32,583,332 shares of the information services provider’s stock worth $7,935,671,000 after acquiring an additional 223,743 shares during the last quarter. Capital World Investors raised its holdings in Alphabet by 1.9% in the 3rd quarter. Capital World Investors now owns 28,625,464 shares of the information services provider’s stock worth $6,971,769,000 after acquiring an additional 539,679 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Alphabet by 3.6% in the 3rd quarter. Invesco Ltd. now owns 21,531,348 shares of the information services provider’s stock worth $5,243,960,000 after acquiring an additional 756,602 shares during the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total transaction of $348,232.50. Following the completion of the sale, the director owned 3,581 shares of the company’s stock, valued at $1,187,638.65. The trade was a 22.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frances Arnold sold 112 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $302.99, for a total transaction of $33,934.88. Following the sale, the director directly owned 18,418 shares of the company’s stock, valued at approximately $5,580,469.82. The trade was a 0.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 2,037,294 shares of company stock worth $94,216,897. Company insiders own 12.99% of the company’s stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google rolled out a new set of AI agent tools and an enterprise Gemini Agent platform to compete with Anthropic and OpenAI — a direct monetization push for Google Cloud that boosts expectations for faster enterprise adoption. Google launches new AI agent tools
• Positive Sentiment: Alphabet unveiled eighth‑gen TPUs split into TPU 8t (training) and TPU 8i (inference) to cut model costs and differentiate Google Cloud from Nvidia — a strategic infrastructure move that could improve margins and attract large AI workloads. Google Cloud launches two new AI chips
• Positive Sentiment: Thinking Machines Lab signed a multi‑billion dollar deal to expand on Google Cloud’s AI infrastructure, validating demand for Cloud’s GPU/TPU capacity and pipeline revenue potential. Thinking Machines multi‑billion deal
• Positive Sentiment: Merck announced a multi‑year partnership that could direct up to $1B of AI infrastructure and engineering spend to Google Cloud — a large, high‑visibility enterprise win. Merck to partner with Google Cloud
• Positive Sentiment: BMO raised its price target and called Alphabet a go‑to way to own AI, a notable sell‑side endorsement that can lift sentiment and flows into the stock. BMO raises target to $410
• Neutral Sentiment: Google added AI automation to Workspace and built Chrome features for enterprises — product progress that supports long‑term monetization but has uncertain near‑term revenue impact. Google updates Workspace
• Neutral Sentiment: Google partnered with Cadence to accelerate automated chip design (Gemini integration) — strategically relevant for in‑house silicon efforts, but timing and revenue contribution remain uncertain. Google partners with Cadence
• Negative Sentiment: Large reported institutional reductions (several fund 13F filings show big cuts to GOOG/GOOGL positions), which can create short‑term selling pressure even if driven by rebalancing. Janney 13F reduction
• Negative Sentiment: Insider selling (disclosed director sale of ~1,050 shares) adds to negative optics for some investors, though the trade size is small versus Alphabet’s market cap. Insider sale filing

Alphabet Price Performance

Shares of GOOG opened at $337.73 on Thursday. Alphabet Inc. has a 1-year low of $149.49 and a 1-year high of $350.15. The firm has a fifty day simple moving average of $306.97 and a two-hundred day simple moving average of $303.75. 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 firm has a market cap of $4.09 trillion, a PE ratio of 31.24, a P/E/G ratio of 2.05 and a beta of 1.13.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, February 5th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.23. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The firm had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. During the same quarter in the previous year, the firm posted $2.15 EPS. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. On average, equities analysts anticipate that Alphabet Inc. will post 11.53 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s payout ratio is presently 7.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GOOG shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $375.00 target price on shares of Alphabet in a research report on Thursday, January 15th. UBS Group reiterated a “neutral” rating and set a $348.00 target price (up from $345.00) on shares of Alphabet in a research note on Thursday, February 12th. DZ Bank upgraded shares of Alphabet to a “strong-buy” rating in a research note on Monday, February 16th. Piper Sandler reiterated an “overweight” rating and set a $395.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Finally, Canaccord Genuity Group boosted their target price on shares of Alphabet from $330.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Eight equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $347.16.

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.