Alphabet turned up in a fresh round of filings this week, with one corporate officer and one director trimming their stakes even as several funds added new positions and one adviser cut back. The moves put goog stock back in focus after a quarter that showed both buying and selling around the company.
Laurel Wealth Advisors LLC reduced its Alphabet stake by 2.4% in the fourth quarter, selling 2,080 shares and leaving it with 83,768 shares worth $26,219,000, according to its most recent SEC filing. Alphabet made up about 3.5% of the firm’s portfolio and ranked as its 7th largest holding.
Other institutional activity was mixed. PMV Capital Advisers LLC, Pilgrim Partners Asia Pte Ltd, iSAM Funds UK Ltd and Sellwood Investment Partners LLC each established new positions during the third quarter, with reported values ranging from about $38,000 to $63,000. Kentucky Trust Co also increased its holdings sharply in the fourth quarter, lifting its position by 142.9% after buying an additional 100 shares to bring its total to 170 shares.
The filing picture shows a stock still drawing broad outside interest. About 40.03% of Alphabet shares are owned by institutional investors and hedge funds, while corporate insiders hold 11.61%. That backdrop helps explain why even relatively small trades can draw attention, especially when they land alongside larger insider activity over the same period.
Among those insider moves, CAO Amie Thuener O'toole sold 617 shares on Wednesday, April 1st at an average price of $289.63, a transaction worth $178,701.71. The sale, executed under a pre-arranged Rule 10b5-1 trading plan, left her with 10,093 shares and marked a 5.76% decrease in her ownership.
Director Frances Arnold later sold 102 shares on Thursday, April 30th at an average price of $371.00, for total proceeds of $37,842.00. After that trade, she directly owned 18,621 shares, a 0.54% decline in her position.
Over the last quarter, insiders sold 257,931 shares of Alphabet stock valued at $36,886,538. The company is identified in the filing as an information services provider, and the recent trading pattern suggests a market still comfortable with Alphabet as a core holding even as some insiders and advisers take money off the table.
