Greenfield Seitz Capital Management LLC Sells 3,095 Shares of Alphabet Inc. $GOOG

Greenfield Seitz Capital Management LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 21.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,581 shares of the information services provider’s stock after selling 3,095 shares during the period. Greenfield Seitz Capital Management LLC’s holdings in Alphabet were worth $2,821,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Brighton Jones LLC grew its position in Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after buying an additional 6,410 shares during the period. LSV Asset Management increased its holdings in Alphabet by 200.0% during the second quarter. LSV Asset Management now owns 840 shares of the information services provider’s stock valued at $149,000 after buying an additional 560 shares during the last quarter. Traub Capital Management LLC bought a new position in Alphabet in the second quarter worth approximately $207,000. Heritage Wealth Advisors raised its position in Alphabet by 1.4% in the second quarter. Heritage Wealth Advisors now owns 366,001 shares of the information services provider’s stock worth $64,925,000 after acquiring an additional 4,974 shares during the period. Finally, FineMark National Bank & Trust boosted its stake in shares of Alphabet by 1.3% during the 2nd quarter. FineMark National Bank & Trust now owns 269,599 shares of the information services provider’s stock worth $47,824,000 after acquiring an additional 3,470 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 955 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the sale, the chief accounting officer owned 9,918 shares in the company, valued at approximately $2,955,564. This represents a 8.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total value of $10,006,425.00. Following the completion of the sale, the chief executive officer owned 1,642,060 shares of the company’s stock, valued at approximately $505,573,853.40. This represents a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 2,109,115 shares of company stock valued at $117,815,536. Corporate insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of recent research reports. Wedbush reissued an “outperform” rating and set a $370.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their price target on Alphabet from $385.00 to $395.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Piper Sandler restated an “overweight” rating and issued a $395.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $345.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Nine analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $345.71.

Alphabet Stock Down 1.0%

NASDAQ GOOG opened at $306.30 on Thursday. The stock’s 50 day moving average is $318.68 and its 200 day moving average is $292.32. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $350.15. The stock has a market cap of $3.71 trillion, a PE ratio of 28.33, a P/E/G ratio of 1.81 and a beta of 1.10.

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, beating analysts’ consensus estimates of $2.59 by $0.23. The company 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%. Alphabet’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.15 EPS. Research analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were given a dividend of $0.21 per share. The ex-dividend date was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio is 7.77%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: DeepMind hires Jasjeet Sekhon from Bridgewater as chief strategy officer, strengthening DeepMind’s strategic and research bench at a time when top AI talent is a competitive advantage. Bridgewater’s chief scientist Sekhon to join Google’s DeepMind AI unit
• Positive Sentiment: Google rolled out a redesigned Stitch AI design tool that analysts/publications say can displace incumbents (Adobe, Figma), creating near-term competitive pressure on rivals and reinforcing Google’s product-led push into AI-powered developer/designer workflows. Adobe Stock Drops After Google’s Stitch Redesign
• Positive Sentiment: Alphabet’s Wiz acquisition (cloud security) and other cloud investments continue to beef up Google Cloud’s product stack, supporting revenue/corporate sales momentum versus AWS/Azure. GOOGL’s Wiz Buyout Expands Cloud Security Portfolio: What’s Ahead?
• Positive Sentiment: Reports say Google is expanding ties with the U.S. military and is well positioned to benefit after rivals stumble — a potential source of large, recurring cloud and services contracts. Google Sits Pretty as A.I. Rivals Compete for Pentagon Favor
• Positive Sentiment: Alphabet is in talks to buy liquid-cooling systems from Chinese vendors (Envicool and others) and may acquire a Chinese cooling firm — moves aimed at supporting energy-efficient AI data center scale. This reduces future supply/capacity constraints for AI workloads. Google in talks with China’s Envicool, others to buy data centre cooling systems, sources say
• Neutral Sentiment: Google told UK regulators it will let sites opt out of generative-AI features in search, a concession meant to ease competition concerns — reduces regulatory overhang but could limit product scope in the UK. Google to allow AI opt-out to ease UK competition concerns
• Neutral Sentiment: Alphabet paid a small dividend on March 16 ($0.21/share) — a modest cash return that is unlikely to move the stock materially but supports shareholder yield narrative. Google stock just paid dividends; here’s how much investors received
• Negative Sentiment: Analysts flag valuation/near-term margin pressure — Alphabet’s elevated P/E and rising capex for AI/data centers keep some investors cautious despite strong growth. Is Alphabet Stock’s 25.55X PE Still Worth it? Buy, Sell, or Hold?
• Negative Sentiment: High executive compensation scrutiny after reports of Sundar Pichai’s large pay package could raise governance concerns for some investors. What Sundar Pichai’s $692 Million Pay Package Says About Alphabet’s Next Chapter

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.