Contravisory Investment Management Inc. Sells 4,715 Shares of Alphabet Inc. $GOOG

Contravisory Investment Management Inc. lowered its holdings in Alphabet Inc. (NASDAQ:GOOG) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,510 shares of the information services provider’s stock after selling 4,715 shares during the period. Alphabet comprises 2.6% of Contravisory Investment Management Inc.’s portfolio, making the stock its 3rd largest position. Contravisory Investment Management Inc.’s holdings in Alphabet were worth $13,340,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. KWB Wealth purchased a new stake in Alphabet during the 4th quarter worth approximately $308,000. Avanza Fonder AB raised its position in shares of Alphabet by 2.5% in the 4th quarter. Avanza Fonder AB now owns 343,151 shares of the information services provider’s stock valued at $107,681,000 after purchasing an additional 8,450 shares in the last quarter. Accelerate Investment Advisors LLC boosted its stake in shares of Alphabet by 1.1% during the 4th quarter. Accelerate Investment Advisors LLC now owns 3,166 shares of the information services provider’s stock valued at $993,000 after buying an additional 34 shares during the last quarter. Rialto Wealth Management LLC boosted its stake in shares of Alphabet by 34.5% during the 4th quarter. Rialto Wealth Management LLC now owns 803 shares of the information services provider’s stock valued at $252,000 after buying an additional 206 shares during the last quarter. Finally, Constitution Capital LLC acquired a new stake in shares of Alphabet during the fourth quarter worth approximately $232,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI momentum — Google’s Gemini upgrades and other AI improvements are boosting Search engagement and product monetization potential, supporting the longer-term ad and cloud growth thesis. Analysts and AI-focused commentary highlight upside from AI-driven search/product improvements. Zacks: Alphabet Relies on AI to Boost Search Growth
• Positive Sentiment: Analyst/institutional support — Some firms have nudged up FY EPS estimates and price targets (Erste, MarketBeat coverage of broad analyst upgrades), reflecting confidence in cloud, search and Gemini monetization — a stabilizing factor for long-term holders. MarketBeat: Analyst Optimism and Upgrades
• Neutral Sentiment: Operational milestones — Waymo and DeepMind deals (robotics, AD miles) show execution in adjacent growth areas; positive for long-term optionality but limited near-term revenue impact. These are credibility wins but not big drivers of current quarter results. Blockonomi: Waymo Milestone
• Negative Sentiment: Landmark liability verdicts — A Los Angeles jury found Google (YouTube) liable in a youth social-media addiction case; the ruling is being framed as a bellwether that could spur more suits and regulatory scrutiny. Investors are pricing in higher legal/regulatory risk and potential compliance costs, which has pressured the stock today. Reuters: US jury verdicts tee up fight over tech liability shield
• Negative Sentiment: Sector spillover from AI/chip headlines — Google researchers’ memory-compression news (and the related debate) has sparked volatility across memory/chip suppliers; that throws a short-term cold shower on tech sentiment and can drive indiscriminate selling in megacaps despite the company being the source of the innovation. CNBC: Google AI breakthrough pressures memory chip stocks

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 47,574 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the completion of the transaction, the insider owned 13,227 shares in the company, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the 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 directly owned 1,642,060 shares in the company, valued at approximately $505,573,853.40. This trade represents a 1.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,110,165 shares of company stock valued at $118,134,117 over the last three months. 12.99% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Cantor Fitzgerald restated a “neutral” rating on shares of Alphabet in a research note on Tuesday, January 20th. Raymond James Financial raised shares of Alphabet from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $315.00 to $400.00 in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $370.00 target price on shares of Alphabet in a research report on Tuesday, January 20th. Canaccord Genuity Group upped 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. Finally, Needham & Company LLC set a $400.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research report on Friday, March 13th. Nine analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $345.71.

Alphabet Stock Down 3.1%

NASDAQ:GOOG opened at $280.74 on Friday. 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 stock has a 50 day moving average of $314.06 and a 200-day moving average of $294.73. The firm has a market capitalization of $3.40 trillion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 1.70 and a beta of 1.10. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $350.15.

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

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were given a $0.21 dividend. 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 dividend payout ratio (DPR) is currently 7.77%.

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.