Waldron Private Wealth LLC Sells 2,920 Shares of Alphabet Inc. $GOOG

Waldron Private Wealth LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOG) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,076 shares of the information services provider’s stock after selling 2,920 shares during the quarter. Alphabet accounts for about 0.7% of Waldron Private Wealth LLC’s investment portfolio, making the stock its 29th biggest holding. Waldron Private Wealth LLC’s holdings in Alphabet were worth $18,538,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Imprint Wealth LLC purchased a new position in Alphabet in the 3rd quarter worth about $31,000. Manning & Napier Advisors LLC purchased a new stake in shares of Alphabet during the 3rd quarter valued at about $32,000. Tripletail Wealth Management LLC purchased a new stake in shares of Alphabet during the 3rd quarter valued at about $40,000. Retirement Wealth Solutions LLC grew its stake in shares of Alphabet by 145.0% in the third quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider’s stock worth $48,000 after acquiring an additional 116 shares during the period. Finally, Bay Harbor Wealth Management LLC raised its holdings in shares of Alphabet by 56.8% during the third quarter. Bay Harbor Wealth Management LLC now owns 218 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 79 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analyst bullishness and higher price targets: Wells Fargo and other brokers have raised price targets and reiterated Buy calls, highlighting growing opportunities to monetize Google Cloud and AI services — a direct positive for revenue/valuation expectations. Wells Fargo Raises PT on Alphabet (insidermonkey)
• Positive Sentiment: Institutional backing: quant/hedge players such as D. E. Shaw are shown as bullish in recent filings and write-ups, signaling continued big‑holder conviction which supports investor demand and multiple expansion. Alphabet Inc. (GOOGL): D. E. Shaw Is Bullish (Yahoo Finance)
• Positive Sentiment: New lower-cost / developer-focused AI models: Google rolled out cheaper video and music-generation models (Veo 3.1 Lite, Lyria 3 Pro) that expand addressable market for AI services and could drive higher Cloud/API usage and monetization. Google Introduces Veo 3.1 Lite (TipRanks)
• Positive Sentiment: New consumer hardware + recurring revenue push: Google is developing a screenless Fitbit band with subscription‑based health coaching — a product + service combo that could grow wearables ARR and cross‑sell Google’s AI services. Google Develops Screenless Fitbit Band (Yahoo Finance)
• Neutral Sentiment: Market breadth and macro risk-on helped mega-cap tech: Alphabet’s move is also part of a broader rally in large-cap growth and ETFs (QQQ/VTI) — a market‑driven tailwind rather than company‑specific news. What’s Going On With Alphabet Stock? (Benzinga)
• Neutral Sentiment: Research leadership — quantum computing paper: Google research published findings on quantum risks to crypto, underscoring R&D leadership but not an immediate revenue driver; it can boost technical credibility. Google Paper Warns of Quantum Computing Risk for Bitcoin (Yahoo Finance)
• Negative Sentiment: Regulatory / content risk on YouTube: Over 200 child‑development experts urged Google to block AI‑generated videos aimed at kids, raising potential content‑policy and moderation costs and reputational risk for YouTube. Experts urged Google to prohibit AI Videos targeting young YouTube users (Invezz)
• Negative Sentiment: High level of insider selling and prior legal worries: Recent SEC filings show continued insider sales and media pieces point to ongoing legal/antitrust scrutiny — both are negative sentiment drivers that can cap near‑term multiple. Insider Sale: President of $GOOGL Sells 1,300 Shares (QuiverQuant)

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total value of $9,877,400.00. Following the sale, the chief executive officer owned 2,818,524 shares of the company’s stock, valued at $856,605,814.08. The trade was a 1.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 955 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the sale, the chief accounting officer directly owned 9,918 shares in the company, valued at $2,955,564. This trade represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,092,234 shares of company stock valued at $112,487,971 in the last 90 days. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Up 2.8%

GOOG opened at $294.90 on Thursday. The firm’s 50 day simple moving average is $310.41 and its two-hundred day simple moving average is $296.32. The company has a market capitalization of $3.57 trillion, a PE ratio of 27.28, a PEG ratio of 1.76 and a beta of 1.13. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $350.15. 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 (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, February 5th. The information services provider reported $2.82 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 firm had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. During the same period in the prior year, the business posted $2.15 EPS. Alphabet’s revenue was up 18.0% on a year-over-year basis. As a group, equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

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

Wall Street Analysts Forecast Growth

GOOG has been the topic of several research reports. Royal Bank Of Canada restated an “outperform” rating and issued a $375.00 target price on shares of Alphabet in a report on Thursday, January 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a report on Wednesday, January 21st. Wedbush restated an “outperform” rating and issued a $370.00 price target on shares of Alphabet in a research note on Thursday, February 5th. KeyCorp set a $370.00 price objective on Alphabet in a report on Thursday, February 5th. Finally, Scotiabank reissued an “outperform” rating and issued a $400.00 target price (up from $375.00) on shares of Alphabet in a report on Thursday, February 5th. Nine investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $345.71.

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.