Granite Investment Partners LLC Lowers Holdings in Alphabet Inc. $GOOGL

Granite Investment Partners LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,343 shares of the information services provider’s stock after selling 3,789 shares during the quarter. Granite Investment Partners LLC’s holdings in Alphabet were worth $8,592,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of GOOGL. Alteri Wealth LLC lifted its holdings in shares of Alphabet by 2.5% in the 3rd quarter. Alteri Wealth LLC now owns 26,641 shares of the information services provider’s stock worth $6,476,000 after buying an additional 649 shares during the period. TSA Wealth Managment LLC increased its stake in shares of Alphabet by 30.8% during the third quarter. TSA Wealth Managment LLC now owns 2,048 shares of the information services provider’s stock valued at $498,000 after buying an additional 482 shares during the period. Koshinski Asset Management Inc. increased its stake in shares of Alphabet by 3.8% during the third quarter. Koshinski Asset Management Inc. now owns 34,659 shares of the information services provider’s stock valued at $8,426,000 after buying an additional 1,276 shares during the period. Vestmark Advisory Solutions Inc. raised its holdings in shares of Alphabet by 12.1% in the third quarter. Vestmark Advisory Solutions Inc. now owns 100,057 shares of the information services provider’s stock valued at $24,324,000 after acquiring an additional 10,839 shares in the last quarter. Finally, Westerkirk Capital Inc. raised its holdings in shares of Alphabet by 0.7% in the third quarter. Westerkirk Capital Inc. now owns 43,793 shares of the information services provider’s stock valued at $10,646,000 after acquiring an additional 300 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Performance

GOOGL stock opened at $298.80 on Monday. Alphabet Inc. has a one year low of $140.53 and a one year high of $349.00. The firm has a market cap of $3.61 trillion, a price-to-earnings ratio of 27.64, a PEG ratio of 1.75 and a beta of 1.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a 50-day simple moving average of $319.93 and a two-hundred day simple moving average of $286.87.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. The firm had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. On average, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company 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 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is 7.77%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GOOGL shares. Moffett Nathanson increased their target price on shares of Alphabet from $305.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. The Goldman Sachs Group restated a “buy” rating and issued a $375.00 price target (up from $330.00) on shares of Alphabet in a report on Tuesday, January 13th. Roth Mkm upped their price target on shares of Alphabet from $365.00 to $395.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Loop Capital increased their price objective on shares of Alphabet from $320.00 to $355.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Finally, President Capital lifted their price objective on shares of Alphabet from $323.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Three analysts have rated the stock with a Strong Buy rating, forty-three have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $367.18.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Large cloud commercial win — CVS will deploy an AI‑enabled health platform on Google Cloud, validating enterprise demand for recurring cloud/AI revenue and supporting the Google Cloud/Gemini growth story. CVS taps Google Cloud
• Positive Sentiment: AI partnership continuity — Google said Anthropic will remain available for non‑defense projects after DoD actions, limiting disruption to Alphabet’s access to Anthropic models and enterprise AI offerings. Google says Anthropic remains available
• Positive Sentiment: Analyst and institutional support — Robert W. Baird lifted its price target to $380 and other firms have boosted targets/ratings recently, reinforcing buy narratives and upside vs. the current price. Baird raises price target
• Neutral Sentiment: Small insider sales — filings show modest sales by a director and the CAO; routine disclosures that markets note but are not large enough to signal strategic conviction changes. SEC filing — insider sales
• Neutral Sentiment: Market commentary on recent pullback — coverage (e.g., Zacks) highlights the stock’s slide since earnings and asks whether it can rebound, offering investor viewpoints but no new company fundamentals. Zacks — can it rebound?
• Negative Sentiment: Legal/PR overhang: a wrongful‑death lawsuit alleges harmful guidance from the Gemini chatbot, raising potential liability, regulatory scrutiny and reputational risk for Alphabet’s core AI investment thesis. Gemini wrongful‑death lawsuit
• Negative Sentiment: Autonomous‑vehicle scrutiny — the NHTSA/NHTSA‑led safety forum and ongoing probes into Waymo incidents increase regulatory risk and operational uncertainty for the self‑driving unit. NHTSA self‑driving safety forum
• Negative Sentiment: App store revenue pressure — a settlement with Epic lowered Play Store commission rates (to ~20% + up to 5%), which could modestly reduce Play‑ecosystem take rates and near‑term revenue. Play Store commission cut
• Negative Sentiment: Macro/geopolitical pressure — recent tensions and tech pullbacks in affected markets (e.g., Dubai exposure) are weighing on large‑cap tech multiples, contributing to negative sentiment around GOOGL. Tech offices respond to U.S.-Iran tensions

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $321.21, for a total transaction of $10,439,325.00. Following the transaction, the chief executive officer directly owned 2,244,372 shares of the company’s stock, valued at approximately $720,914,730.12. This represents a 1.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 47,574 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the sale, the insider owned 13,227 shares of the company’s stock, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,112,493 shares of company stock valued at $118,605,094 over the last three months. Company insiders own 11.55% of the company’s stock.

Alphabet Company Profile

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.