Contravisory Investment Management Inc. Sells 4,715 Shares of Alphabet Inc. Contravisory Investment Management Inc. reduced its holdings in Alphabet Inc. (NASDAQ:GOOG) by 10.0% in the fourth quarter, according to its latest Form 13F filing with the SEC. The fund sold 4,715 shares, leaving it with 42,510 shares valued at approximately $13.34 million. Alphabet now constitutes 2.6% of the fund’s portfolio, ranking as its third-largest holding. Insider selling activity also intensified during the period. John Kent Walker, an insider, sold 47,574 shares for about $14.34 million, while CEO Sundar Pichai sold 32,500 shares for $10.01 million. Over the past three months, insiders collectively offloaded 2,110,165 shares worth $118.13 million, reducing their ownership stake to 12.99% of the company’s stock. Analysts remain cautiously optimistic about Alphabet’s long-term prospects, with a consensus target price of $345.71. Positive commentary centers on advancements in artificial intelligence, particularly Google’s Gemini upgrades, and the potential for increased monetization of search and cloud services. However, recent legal developments and broader AI/chip market dynamics have introduced short-term volatility. The stock has declined by approximately 3.1% in recent weeks, reflecting investor concerns over regulatory risks and sector-wide uncertainty. Other institutional investors and hedge funds have adjusted their positions in Alphabet. KWB Wealth added a new stake worth $308,000, while Avanza Fonder AB increased its holdings by 2.5%, raising its stake to 343,151 shares valued at $107.68 million. Accelerate Investment Advisors LLC and Rialto Wealth Management LLC also boosted their positions, with the latter increasing its stake by 34.5%.#sundar_pichai #alphabet_inc #contravisory_investment_management_inc #john_kent_walker #nasdaq_goog
