Pinnacle Investment Management Ltd Has $3.29 Million Stock Holdings in Alphabet Inc. $GOOG

Pinnacle Investment Management Ltd lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 71.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,500 shares of the information services provider’s stock after selling 33,980 shares during the period. Alphabet comprises 11.4% of Pinnacle Investment Management Ltd’s portfolio, making the stock its 2nd largest holding. Pinnacle Investment Management Ltd’s holdings in Alphabet were worth $3,288,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFS Advisors LLC lifted its position in shares of Alphabet by 400.0% during the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock worth $27,000 after buying an additional 120 shares during the period. WestEnd Advisors LLC grew its position in Alphabet by 58.7% in the second quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 61 shares during the period. Fairman Group LLC raised its stake in Alphabet by 121.3% during the second quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock worth $31,000 after acquiring an additional 97 shares in the last quarter. University of Illinois Foundation bought a new position in shares of Alphabet during the second quarter valued at $31,000. Finally, Manning & Napier Advisors LLC bought a new position in shares of Alphabet during the third quarter valued at $32,000. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In related news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $19.00, for a total value of $35,060,852.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $296.64, for a total transaction of $9,640,800.00. Following the completion of the transaction, the chief executive officer directly owned 2,304,619 shares in the company, valued at approximately $683,642,180.16. The trade was a 1.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 2,037,964 shares of company stock valued at $95,259,727. 12.99% of the stock is currently owned by company insiders.

Alphabet Stock Down 1.2%

NASDAQ:GOOG opened at $340.70 on Wednesday. The company has a market cap of $4.11 trillion, a price-to-earnings ratio of 33.60, a P/E/G ratio of 2.08 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The stock’s fifty day moving average price is $321.78 and its two-hundred day moving average price is $269.04. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $350.15.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, December 8th. Alphabet’s payout ratio is currently 8.28%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. DA Davidson set a $300.00 target price on shares of Alphabet in a report on Tuesday, November 25th. Oppenheimer upped their price objective on shares of Alphabet from $300.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Sanford C. Bernstein lifted their target price on shares of Alphabet from $260.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Loop Capital raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Alphabet in a report on Thursday, October 30th. Eight equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $330.83.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Waymo’s $16 billion funding round and $126B valuation bolster Alphabet’s optionality in autonomous mobility and unlock value outside core ads — a major positive signal for long-term growth investors. Waymo valued at $126 billion in latest financing
• Positive Sentiment: Google Cloud is signing multi-year AI deals (Liberty Global) and commercial deployments (Humana), validating monetization of Gemini and enterprise AI adoption. Google Cloud, Liberty Global strike five-year AI partnership
• Positive Sentiment: Wall Street momentum: several analyst upgrades and raised price targets ahead of earnings reflect confidence in Search/Cloud/AI revenue leverage. Top Mizuho Analyst Raises Alphabet (GOOGL) Stock Price Target Ahead of Q4 Earnings
• Positive Sentiment: Institutional and thematic buyers (Crossmark, Sumitomo Mitsui, ARK additions) show continued allocation into Alphabet amid the AI thematic. Fund Update: Crossmark Global Holdings, Inc. Just Disclosed New Holdings
• Neutral Sentiment: Q4 earnings are due after the close Feb. 4 and options imply a sizable move — results and guidance will likely drive the next major direction. Alphabet (GOOGL) Stock: What Wall Street Expects from Earnings Wednesday
• Neutral Sentiment: Reported short-interest data in these feeds is noisy/zeroed (likely reporting artifacts) and currently provides no clear bearish signal.
• Negative Sentiment: Insider and some institutional selling: recent filings show the CAO sold shares and several funds trimmed positions — persistent insider sales can weigh on sentiment near costly valuations. SEC insider filing
• Negative Sentiment: Covers and worry pieces highlight high valuation and the risk of a near-term pullback if AI monetization or ad growth disappoints — investor expectations are elevated. Why Google Stock Faces A Near-Term Pullback
• Negative Sentiment: Collateral concerns: Disney disclosed a YouTube TV-related hit, a reminder of distribution and carriage risks for YouTube/TV businesses. Disney said it took a $110 million hit from its fight with YouTube TV

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.