GOOG
A little haircut, not a full shave
Carnegie Investment Counsel trimmed its Alphabet position by 4%, selling 9,742 shares and ending the quarter with 233,662 shares worth about $73.3 million. For a company the size of Alphabet, that’s more “took some chips off the table” than “hit the panic button.”
Why you should care
Institutional selling can sound dramatic, like the financial version of a roommate moving out in the middle of the night. But in this case, the move looks pretty routine: one fund nudged its exposure lower while Alphabet still put up a solid earnings beat.
Alphabet reported:
- $2.82 in EPS versus $2.59 expected
- $113.83 billion in revenue, up 18% year over year
That’s the kind of backdrop that usually keeps the bulls comfortable, even if a few institutions decide to rebalance.
The spicy footnote: insiders sold too
The article also flags some chunky insider selling, including CEO Sundar Pichai unloading 32,500 shares worth roughly $10 million. In total, insiders reportedly sold about 2.07 million shares worth $104.5 million over the last quarter.
That doesn’t automatically scream “uh-oh.” Insider sales can mean taxes, diversification, or good old-fashioned money management. But when you stack it next to institutional trimming, it can still make investors squint a little.
Big picture
Alphabet is still doing Alphabet things: growing revenue fast, beating expectations, and attracting enough analyst love that the Street mostly remains constructive. So this looks more like a routine ownership shuffle than a thesis-breaker.