Alphabet Inc. $GOOGL is Harrington Investments INC’s 3rd Largest Position

Harrington Investments INC decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 9.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 30,738 shares of the information services provider’s stock after selling 3,358 shares during the quarter. Alphabet makes up 4.8% of Harrington Investments INC’s holdings, making the stock its 3rd biggest holding. Harrington Investments INC’s holdings in Alphabet were worth $9,621,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State Street Corp grew its stake in Alphabet by 1.8% in the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock valued at $40,524,841,000 after acquiring an additional 4,008,374 shares during the period. Norges Bank acquired a new stake in shares of Alphabet in the second quarter valued at about $21,944,208,000. Capital World Investors grew its position in shares of Alphabet by 28.0% in the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock valued at $12,910,542,000 after purchasing an additional 11,605,785 shares during the period. Capital Research Global Investors increased its stake in shares of Alphabet by 15.7% during the third quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider’s stock worth $12,333,076,000 after purchasing an additional 6,874,381 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Alphabet by 2.3% during the third quarter. Invesco Ltd. now owns 45,186,112 shares of the information services provider’s stock worth $10,984,744,000 after purchasing an additional 1,034,292 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 955 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares of the company’s stock, valued at approximately $2,955,564. The trade was a 8.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $303.41, for a total transaction of $318,580.50. Following the sale, the director owned 4,631 shares of the company’s stock, valued at approximately $1,405,091.71. The trade was a 18.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 2,092,234 shares of company stock worth $112,487,971. Corporate insiders own 11.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GOOGL. Piper Sandler reaffirmed an “overweight” rating and issued a $395.00 price target (up from $365.00) on shares of Alphabet in a research note on Thursday, February 5th. Wedbush boosted their price objective on Alphabet from $360.00 to $370.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Moffett Nathanson increased their target price on Alphabet from $305.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Canaccord Genuity Group set a $415.00 target price on Alphabet in a research report on Thursday, February 5th. Finally, Raymond James Financial raised Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Three research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $368.06.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google rolled out Veo 3.1 Lite, a lower‑cost video AI model aimed at broadening developer adoption by delivering similar speed at under half the cost versus premium models — a direct product push that could expand AI usage and cloud/compute revenue. Google Unveils Cheaper AI Video Model to Expand Adoption
• Positive Sentiment: Market reaction was aided by a geopolitical tailwind: shares jumped after reports President Trump signaled a willingness to end the multi‑week conflict with Iran, reducing risk‑off pressure on mega‑cap tech stocks. Alphabet (GOOGL) Stock Trades Up, Here Is Why
• Positive Sentiment: Needham reiterated a Buy on GOOGL with a $400 price target, reinforcing bullish analyst sentiment and providing an upside anchor for investors. Needham Reiterates Buy on Alphabet Inc. (GOOGL) With $400 Price Target
• Positive Sentiment: Reports show high‑profile investors adding to positions (e.g., Stanley Druckenmiller), and coverage that highlights Alphabet as a core AI/cloud compounder — both support demand and sentiment. Billionaire Stanley Druckenmiller Piled Into 2 of the Hottest AI Stocks for a Second Consecutive Quarter
• Neutral Sentiment: Alphabet remains featured in thematic AI/cloud roundups (cloud backlog growth and strong Q4 cloud revenue cited), underscoring long‑term structural demand even as near‑term volatility persists. 5 Cloud and AI Infrastructure Stocks Powering the Next Wave of AI
• Neutral Sentiment: Alphabet issued very long‑dated debt (100‑year issuance), a financing move that locks cheap funding long‑term but has mixed near‑term implications for capital allocation. Alphabet Taps Debt Markets With 100-Year Issuance
• Neutral Sentiment: Product/UX updates around Gmail and crypto wallet integrations were highlighted in recent coverage; this flags product complexity in crypto flows but is not yet a clear revenue catalyst. New Gmail update highlights major crypto wallet struggle
• Negative Sentiment: Regulatory risk: Indonesia summoned Google over non‑compliance with new child social media curbs, highlighting widening global regulatory scrutiny that could increase compliance costs or product restrictions abroad. Indonesia summons Meta and Google over non-compliance with child social media curbs, minister says
• Negative Sentiment: Publishers such as Future PLC blamed recent Google search changes for pressure on higher‑margin ad revenues, a reminder that platform shifts can disrupt partners and attract criticism/regulatory attention. Future shares flop on profit warning as Google search changes hit ad revenues

Alphabet Trading Up 5.1%

Shares of Alphabet stock opened at $287.56 on Wednesday. The stock has a market cap of $3.48 trillion, a P/E ratio of 26.60, a P/E/G ratio of 1.60 and a beta of 1.10. The stock’s 50 day simple moving average is $311.25 and its 200-day simple moving average is $295.96. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $349.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.57 by $0.25. The firm had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. Analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Alphabet Company Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.