Grandfield & Dodd LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 5.8% in Q3, now holding 131,127 shares worth $31.877 million. This comes after Alphabet reported strong Q4 earnings, beating revenue expectations and showing 48% year-over-year growth in Google Cloud, leading to multiple analyst price target increases. Despite positive fundamentals and analyst endorsements, investor concerns over high 2026 capital expenditure forecasts ($175B–$185B) and recent insider selling have introduced short-term market weakness for the stock.
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Grandfield & Dodd LLC Boosts Stock Position in Alphabet Inc. $GOOGL
Grandfield & Dodd LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 5.8% in Q3, now holding 131,127 shares worth $31.877 million. This comes after Alphabet reported strong Q4 earnings, beating revenue expectations and showing 48% year-over-year growth in Google Cloud, leading to multiple analyst price target increases. Despite positive fundamentals and analyst endorsements, investor concerns over high 2026 capital expenditure forecasts ($175B–$185B) and recent insider selling have introduced short-term market weakness for the stock.