PineStone Asset Management 13F: Cuts GOOGL Stake by $106M

PineStone Asset Management cut back on its investment in Alphabet Inc. GOOGL, according to a Form 13F filing with the SEC on October 16, 2026. Because 13F reports look backward, the filing reflects holdings as of the end of the reporting period and may not represent the manager's current stance.

Inside PineStone Asset Management's Alphabet Trade

During the period, PineStone Asset Management trimmed its position by 307,340 shares. That worked out to a 6.7% decrease, bringing its total down to 4,300,481 shares. The reported value of the remaining stake stood at $1,479,709,502.

Other Institutional Activity in Alphabet Inc.

Other large funds also made moves around the same time. Blackrock Inc. grew its holdings by 13,990,545 shares, ending with 460,972,803 shares worth about $157.0 billion. Vanguard Capital Management LLC lifted its position by 4,690,439 shares to hold 382,951,664 shares valued at roughly $130.4 billion. FMR, LLC boosted its stake by 14,169,043 shares, finishing with 250,714,005 shares worth about $85.4 billion. State Street Corporation added 12,715,889 shares for a total of 238,977,259 shares valued at approximately $81.4 billion. Meanwhile, Geode Capital Management, LLC trimmed its stake by 1,807,439 shares to hold 150,781,98 shares worth about $51.1 billion.

Alphabet Inc. Stock Down 2.1%

Alphabet shares recently traded around $340.43 as of October 16, 2026. The stock sits below its 52-week high of $408.61 and above its 52-week low of $244.15. It trades just below its 50-day moving average of $344.92 and right around its 200-day moving average of $340.77.

Recent Earnings

Alphabet generated trailing-twelve-month revenue of $445.87 billion alongside an EPS of $19.93. The company holds a net margin of 54.8% and a return on equity of 48.7%. Its next earnings update is slated for October 28, 2026.

Dividend

Alphabet pays an annual dividend yield of 0.25% with a payout ratio of 4.3%.

Insider Buying and Selling at Alphabet Inc.

Company insiders executed several trades prior to the filing. Director Kavitark Ram Shriram sold 33,566 shares at $185.76 on July 18, 2025, for $6,235,220, followed by another sale of 26,000 shares at $205.00 on August 15, 2025, worth $5,330,000. Director John L Hennessy sold 600 shares on January 13, 2026, for $202,514, and another 600 shares on February 13, 2026, for $184,037.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. Wells Fargo maintained an Overweight rating on October 6, 2026, raising its target to $417.00. Needham reiterated a Buy rating on October 8, 2026, with a $450.00 target. Cantor Fitzgerald reiterated an Overweight rating on October 12, 2026, at a $420.00 target. UBS maintained a Neutral rating on October 14, 2026, lifting its target to $380.00, while JP Morgan maintained an Overweight rating on October 15, 2026, raising its target to $425.00. Overall, the stock carries a consensus strong buy rating with a mean price target of $430.51 across 54 analyst opinions.

About Alphabet Inc.

Alphabet Inc. operates major global technology platforms, offering online advertising, cloud computing, consumer hardware, and software services. Its primary businesses include the Google search engine, Android operating system, YouTube, and Google Cloud, which serve individuals and enterprises worldwide.

Bottom Line

Investors will look toward the upcoming earnings release on October 28, 2026, for fresh details on revenue growth and profit margins. Institutional holdings reports like this one offer a retrospective look at fund adjustments but do not reflect daily trading activity. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.