Cornerstone Advisory LLC Sells 3,010 Shares of Alphabet Inc. $GOOG

Cornerstone Advisory LLC lessened its position in Alphabet Inc. (NASDAQ:GOOG) by 8.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 32,916 shares of the information services provider’s stock after selling 3,010 shares during the period. Cornerstone Advisory LLC’s holdings in Alphabet were worth $8,017,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. University of Illinois Foundation purchased a new position in Alphabet in the second quarter valued at about $31,000. Manning & Napier Advisors LLC purchased a new position in Alphabet in the third quarter valued at approximately $32,000. Horrell Capital Management Inc. grew its holdings in Alphabet by 100.0% during the second quarter. Horrell Capital Management Inc. now owns 200 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 100 shares during the period. Briaud Financial Planning Inc bought a new position in Alphabet during the second quarter valued at $39,000. Finally, Tripletail Wealth Management LLC purchased a new stake in Alphabet in the third quarter worth $40,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GOOG has been the subject of several research reports. Jefferies Financial Group reiterated a “buy” rating and set a $365.00 price target on shares of Alphabet in a research note on Monday, January 5th. Guggenheim reiterated a “buy” rating and set a $375.00 target price on shares of Alphabet in a research report on Monday, December 1st. Canaccord Genuity Group boosted their price target on shares of Alphabet from $330.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. DZ Bank upgraded shares of Alphabet to a “strong-buy” rating in a research note on Monday, February 16th. Finally, Citigroup reiterated a “market outperform” rating on shares of Alphabet in a research note on Wednesday, December 17th. Eight analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $343.90.

Alphabet Stock Performance

Alphabet stock opened at $314.90 on Friday. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $350.15. 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 capitalization of $3.81 trillion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. The firm’s 50 day simple moving average is $320.95 and its 200 day simple moving average is $279.50.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.23. The firm had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.15 EPS. As a group, analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet’s dividend payout ratio is currently 7.77%.

Insider Transactions at Alphabet

In other news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $19.00, for a total transaction of $35,060,852.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $306.73, for a total transaction of $184,038.00. Following the completion of the sale, the director directly owned 20,624 shares in the company, valued at $6,325,999.52. This represents a 2.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 2,112,482 shares of company stock worth $119,145,289. 12.99% of the stock is owned by insiders.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts and brokers have raised price targets and highlighted AI/cloud upside (UBS, Canaccord), citing Gemini adoption and generative‑AI capex that could add meaningful cloud revenue. UBS generative AI capex note
• Positive Sentiment: Alphabet committed to a major $15B America‑India Connect initiative and announced partnerships (Zillow, Sea) that expand Gemini/Cloud into verticals — positive for long‑term cloud/ads monetization and market reach. America-India Connect announcement
• Positive Sentiment: Notable institutional buying from hedge funds (e.g., Appaloosa/Tepper, Altimeter, Viking) signals conviction in Alphabet’s AI/Cloud thesis and can support the stock through execution milestones. Appaloosa increases stake
• Neutral Sentiment: Product demos (Gemini AI coach, music features) and consumer launches (Pixel device with AI features) improve user engagement and positioning but are not immediate revenue drivers. Gemini demo on CNBC
• Neutral Sentiment: Reported short‑interest data for February shows anomalies (zeros/NaN) and provides no clear bearish signal at present; treat the statistic cautiously until reconciled.
• Negative Sentiment: Insider selling: senior execs disclosed sizable sales (Sundar Pichai, John Kent Walker), which markets often view as a modest near‑term negative signal despite normal tax/liquidity reasons. Pichai sale filing Walker sale filing
• Negative Sentiment: Legal/IP risk: prosecutors have charged engineers in an alleged scheme to steal Google trade secrets and pass files abroad — reputational and security concerns that could invite regulatory scrutiny. Trade-secrets indictment
• Negative Sentiment: Execution/supply risks: DeepMind’s CEO warned that memory‑chip shortages constrain agentic AI research/deployment, which could slow rollout timing or raise costs for compute‑intensive initiatives. DeepMind chip shortage comments
• Negative Sentiment: Several institutional investors disclosed trims (Pershing Square, Longview, others). Broad portfolio rebalancing can weigh on near‑term sentiment even if longer‑term AI momentum remains. Pershing Square trim

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.