PineStone Asset Management Inc. Has $1.80 Billion Stock Holdings in Alphabet Inc. $GOOGL

PineStone Asset Management Inc. lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.2% in the 4th quarter, HoldingsChannel reports. The fund owned 5,747,054 shares of the information services provider’s stock after selling 651,873 shares during the period. Alphabet makes up about 11.2% of PineStone Asset Management Inc.’s portfolio, making the stock its 2nd largest holding. PineStone Asset Management Inc.’s holdings in Alphabet were worth $1,798,828,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. PMV Capital Advisers LLC bought a new position in shares of Alphabet during the 4th quarter worth approximately $38,000. iSAM Funds UK Ltd bought a new position in shares of Alphabet during the 3rd quarter worth approximately $53,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Alphabet during the 3rd quarter worth approximately $53,000. Corsicana & Co. bought a new position in shares of Alphabet during the 3rd quarter worth approximately $54,000. Finally, Sellwood Investment Partners LLC bought a new position in shares of Alphabet during the 3rd quarter worth approximately $63,000. Institutional investors own 40.03% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Waymo expands public driverless service to Nashville — a visible commercialization milestone for Alphabet’s autonomous-vehicle unit that supports the narrative Waymo is moving from R&D toward revenue-generating rides and partnerships. Alphabet Climbs 4% on Waymo’s Nashville Expansion
• Positive Sentiment: Wing (Alphabet) and DoorDash expand drone deliveries into Atlanta — incremental commercial rollouts help validate Wing’s delivery economics and widen addressable market for autonomous logistics. Alphabet’s Wing Drone Unit, DoorDash Expand Into Atlanta
• Positive Sentiment: Broadcom deepens multi-year AI chip and networking deals with Google and Anthropic — secures TPU supply/ networking for Google’s AI racks and signals growing third‑party demand for Google’s TPU stack, which supports Google Cloud’s AI positioning. This reduces supply risk and underpins cloud/infrastructure growth. Alphabet Broadcom AI Chip Deal Underscores Undervalued Google Compute Power
• Positive Sentiment: Google Cloud momentum — Market commentary shows Google Cloud is the fastest-growing major hyperscaler, with big AI-driven revenue growth, growing backlog and TPU advantage, reinforcing medium‑term revenue/earnings outlook. Google Cloud Is the World’s Fastest-Growing Major Cloud Platform
• Neutral Sentiment: Analyst ratings and price targets lifted — Cantor Fitzgerald reiterated overweight ($370) and Needham reaffirmed buy ($400), providing directional upside thesis but not immediate fundamental change. Analyst Coverage
• Neutral Sentiment: Broad market tailwinds (ceasefire news) are boosting tech risk appetite — a macro bid helped push Magnificent Seven names higher alongside company-specific catalysts. Tech rally after ceasefire announcement
• Negative Sentiment: Data‑center siting concerns and environmental scrutiny (water/land/energy) could slow some capacity builds and raise costs — a potential operational risk for hyperscalers including Google Cloud. Data center community pushback
• Negative Sentiment: Ongoing content/AI accuracy and regulatory scrutiny (e.g., coverage of AI overviews) remain reputational and compliance risks that could affect ad/AI product adoption or require costly adjustments. How Accurate Are Google’s A.I. Overviews?

Analyst Ratings Changes

Several research analysts recently commented on GOOGL shares. BMO Capital Markets reiterated an “outperform” rating and set a $400.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Jefferies Financial Group boosted their price objective on shares of Alphabet from $365.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Alphabet from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. The Goldman Sachs Group reissued a “buy” rating and set a $375.00 target price (up from $330.00) on shares of Alphabet in a research report on Tuesday, January 13th. Finally, Pivotal Research boosted their target price on shares of Alphabet from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Three equities 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $367.33.

Alphabet Stock Up 3.9%

NASDAQ:GOOGL opened at $317.32 on Thursday. The company has a market cap of $3.84 trillion, a PE ratio of 29.35, a P/E/G ratio of 1.81 and a beta of 1.12. Alphabet Inc. has a twelve month low of $143.90 and a twelve month high of $349.00. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $307.67 and its two-hundred day moving average is $297.75.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.25. 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%. Analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the sale, the chief executive officer directly owned 1,642,060 shares of the company’s stock, valued at $505,573,853.40. This represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the sale, the director directly owned 4,631 shares in the company, valued at $1,405,091.71. This trade represents a 18.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 2,069,344 shares of company stock worth $104,708,426. Company insiders own 11.64% of the company’s stock.

Alphabet 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.