Granite Investment Partners LLC Sells 6,790 Shares of Alphabet Inc. $GOOG

Granite Investment Partners LLC reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 170,954 shares of the information services provider’s stock after selling 6,790 shares during the quarter. Alphabet accounts for 2.4% of Granite Investment Partners LLC’s portfolio, making the stock its 4th largest position. Granite Investment Partners LLC’s holdings in Alphabet were worth $41,636,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GOOG. University of Illinois Foundation acquired a new stake in Alphabet in the 2nd quarter valued at $31,000. Manning & Napier Advisors LLC purchased a new stake in shares of Alphabet in the third quarter worth about $32,000. Horrell Capital Management Inc. grew its stake in shares of Alphabet by 100.0% in the second quarter. Horrell Capital Management Inc. now owns 200 shares of the information services provider’s stock valued at $35,000 after buying an additional 100 shares in the last quarter. Tripletail Wealth Management LLC purchased a new stake in shares of Alphabet during the 3rd quarter valued at about $40,000. Finally, Decker Retirement Planning Inc. raised its holdings in shares of Alphabet by 60.9% during the 2nd quarter. Decker Retirement Planning Inc. now owns 251 shares of the information services provider’s stock valued at $45,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Activity

In related news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the sale, the chief executive officer directly owned 2,818,524 shares of the company’s stock, valued at approximately $856,605,814.08. This represents a 1.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $306.73, for a total value of $184,038.00. Following the transaction, the director owned 20,624 shares in the company, valued at $6,325,999.52. This trade represents a 2.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,112,482 shares of company stock valued at $119,145,289 over the last three months. Company insiders own 12.99% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is folding robotics?software maker Intrinsic into Google, consolidating talent and tech from its “Other Bets” unit into the core business — a move that accelerates Google’s push into physical AI and could shorten commercialization timelines for robotics use cases. Former Alphabet ‘moonshot’ robotics company Intrinsic is folding into Google
• Positive Sentiment: Waymo is expanding on?road testing to Chicago and Charlotte, signaling continued scaling of Waymo’s robotaxi commercialization efforts — potential long?term revenue optionality and clearer path to monetization. Waymo to begin testing in Chicago and Charlotte
• Positive Sentiment: Gemini adoption is broadening: Samsung’s S26 demos show Gemini autonomously operating third?party apps, underscoring device partnerships that expand distribution and revenue leverage for Google’s AI stack. Samsung’s S26 gives an advance look at what the Google-powered Apple Siri could do
• Positive Sentiment: Google announced a major clean?power/data?center push (1.9GW) including a 100?hour iron?battery, and related utility deals — improves energy resilience and long?term margin/cost profile for hyperscale data centers. Google’s new 1.9GW clean energy deal includes massive 100-hour battery
• Positive Sentiment: Wells Fargo upgraded Alphabet to a stronger rating, supporting bullish analyst sentiment that can attract flows and underwrite higher multiples. Wells Fargo upgrades Alphabet (GOOG)
• Positive Sentiment: Analysis highlighting Alphabet’s hidden assets (stakes in Anthropic and SpaceX) reinforces a view of embedded upside beyond core Search/Cloud performance. Alphabet’s Quiet Edge: The Hidden Assets Powering Its Run
• Neutral Sentiment: Reuters reports Google will test showing rivals’ vertical search results more prominently across Europe to try to head off an EU antitrust fine — a pragmatic regulatory response but one that underscores ongoing legal risk in the region. Exclusive: Google to test changes to search results, source says as EU fine looms
• Neutral Sentiment: Google said it disrupted a China?linked hacking group that targeted dozens of organizations — improves security posture and brand trust but has limited direct near?term revenue impact. Google disrupts Chinese-linked hackers that attacked 53 groups globally
• Negative Sentiment: Russia fined Google ~22 million roubles for distributing VPN services on Google Play — a small hit financially but a reminder of geopolitical/regulatory costs in certain markets. Russia fines Google distributing VPN services, TASS reports
• Negative Sentiment: Headline noise: a report of insider selling and periodic short?interest chatter has pressured sentiment in recent sessions; these items can weigh near?term momentum even if fundamentals remain strong. Alphabet (NASDAQ:GOOG) Stock Price Down 1% on Insider Selling

Alphabet Trading Up 0.7%

GOOG opened at $313.03 on Thursday. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $350.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a market capitalization of $3.79 trillion, a PE ratio of 28.96, a P/E/G ratio of 1.82 and a beta of 1.10. The firm’s fifty day moving average price is $321.36 and its 200 day moving average price is $281.87.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.23. The company 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 firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period last year, the business earned $2.15 EPS. As a group, research analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Wall Street Analyst Weigh In

GOOG has been the subject of a number of analyst reports. Barclays upped their price target on Alphabet from $250.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Wolfe Research upped their target price on shares of Alphabet from $290.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Mizuho set a $325.00 price target on shares of Alphabet in a report on Thursday, October 30th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Alphabet in a report on Tuesday, January 20th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $400.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Nine investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Alphabet currently has an average rating of “Buy” and a consensus target price of $343.90.

About Alphabet

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.