Kimelman & Baird LLC Lowers Stock Holdings in Alphabet Inc. $GOOG

Kimelman & Baird LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 10.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,924 shares of the information services provider’s stock after selling 2,480 shares during the period. Kimelman & Baird LLC’s holdings in Alphabet were worth $5,096,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. University of Illinois Foundation bought a new position in Alphabet in the 2nd quarter valued at $31,000. Imprint Wealth LLC purchased a new stake in shares of Alphabet in the third quarter worth $31,000. Manning & Napier Advisors LLC purchased a new stake in shares of Alphabet in the third quarter worth $32,000. Tripletail Wealth Management LLC bought a new stake in Alphabet during the third quarter valued at $40,000. Finally, Retirement Wealth Solutions LLC boosted its stake in Alphabet by 145.0% during the third quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider’s stock valued at $48,000 after buying an additional 116 shares during the period. Institutional investors own 27.26% of the company’s stock.

Trending Headlines about 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

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $505,573,853.40. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 955 shares of Alphabet 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 completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,109,115 shares of company stock valued at $117,815,536 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GOOG. Cantor Fitzgerald restated a “neutral” rating on shares of Alphabet in a research note on Tuesday, January 20th. Sanford C. Bernstein reiterated a “market perform” rating and set a $345.00 price target on shares of Alphabet in a research report on Thursday, February 5th. DA Davidson set a $300.00 price objective on Alphabet in a report on Tuesday, November 25th. Scotiabank restated an “outperform” rating and issued a $400.00 price objective (up from $375.00) on shares of Alphabet in a research report on Thursday, February 5th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $348.00 target price (up from $345.00) on shares of Alphabet in a research note on Thursday, February 12th. Nine analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $345.71.

Alphabet Price Performance

Shares of Alphabet stock opened at $306.30 on Thursday. 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 Inc. has a one year low of $142.66 and a one year high of $350.15. The business’s 50 day simple moving average is $318.68 and its two-hundred day simple moving average is $292.32. The stock has a market capitalization of $3.71 trillion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 1.81 and a beta of 1.10.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.23. The firm had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business’s revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the business earned $2.15 earnings per share. Analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, March 9th. Alphabet’s dividend payout ratio is currently 7.77%.

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.