3,272 Alphabet Inc. $GOOG Shares Sold by Stone Summit Wealth LLC

Stone Summit Wealth LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 9.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 32,669 shares of the information services provider’s stock after selling 3,272 shares during the quarter. Alphabet accounts for 3.0% of Stone Summit Wealth LLC’s holdings, making the stock its 7th largest holding. Stone Summit Wealth LLC’s holdings in Alphabet were worth $11,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. XY Planning Network Inc. lifted its stake in shares of Alphabet by 7.2% during the 3rd quarter. XY Planning Network Inc. now owns 8,911 shares of the information services provider’s stock worth $3,036,000 after purchasing an additional 602 shares during the period. Define Financial LLC grew its position in shares of Alphabet by 5.0% in the third quarter. Define Financial LLC now owns 2,533 shares of the information services provider’s stock valued at $863,000 after purchasing an additional 121 shares during the period. Red Crane Wealth Management LLC grew its position in shares of Alphabet by 794.3% in the third quarter. Red Crane Wealth Management LLC now owns 10,866 shares of the information services provider’s stock valued at $3,702,000 after purchasing an additional 9,651 shares during the period. Signal Advisors Wealth LLC increased its stake in Alphabet by 26.4% in the third quarter. Signal Advisors Wealth LLC now owns 8,352 shares of the information services provider’s stock valued at $2,846,000 after purchasing an additional 1,745 shares during the last quarter. Finally, BigSur Wealth Management LLC increased its stake in Alphabet by 0.5% in the third quarter. BigSur Wealth Management LLC now owns 17,701 shares of the information services provider’s stock valued at $6,031,000 after purchasing an additional 86 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Up 0.2%

Shares of NASDAQ GOOG opened at $349.52 on Wednesday. The stock has a market capitalization of $4.27 trillion, a PE ratio of 17.56, a P/E/G ratio of 1.01 and a beta of 1.19. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average of $341.98 and a 200-day moving average of $347.94. Alphabet Inc. has a 52-week low of $241.18 and a 52-week high of $404.47.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. During the same quarter in the prior year, the company earned $2.31 EPS. The company’s revenue was up 24.2% on a year-over-year basis. On average, analysts anticipate that Alphabet Inc. will post 20.54 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet’s dividend payout ratio is presently 4.42%.

Insider Activity

In related news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The SEC filing for this sale provides additional information. Insiders sold 441,399 shares of company stock worth $8,677,053 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Gemini 4 Argon launch strengthens Alphabet’s AI narrative. Google released its flagship model to developers, businesses and paying users, highlighting coding and finance and legal knowledge-work capabilities. The launch may help Alphabet defend its position against Microsoft, OpenAI and other AI competitors. Google launches flagship AI model Gemini 4 Argon
• Positive Sentiment: Google is expanding AI distribution and potential revenue channels. Google Play now supports private apps created with Google AI Studio, while Alphabet and Unity plan to launch Unity Spark, an AI-assisted game-development platform. Google DeepMind and Google Cloud will also provide European researchers access to frontier models, potentially supporting adoption and ecosystem growth. Google Play now supports private apps
• Positive Sentiment: Analyst expectations remain constructive. Coverage points to accelerating Google Cloud demand and a potentially significant opportunity to monetize Alphabet’s internally developed AI chips. One analyst said the chip business could unlock as much as $100 billion by 2028, while BNP Paribas raised its price target. Alphabet could unlock $100 billion from AI chips
• Neutral Sentiment: Revenue trends provide a favorable but largely confirmatory backdrop. Alphabet has generated more revenue than Meta in each of the past eight quarters, with both companies showing steady growth and seasonal fourth-quarter strength. However, investors remain focused on whether AI investment converts into sustainable profits.
• Negative Sentiment: Multiple law firms are promoting a securities-fraud class action against Alphabet. The lawsuit alleges that Alphabet misrepresented progress on the Gemini 3.5 Pro model, including training setbacks and delays. Although the announcements largely repeat existing claims, they could increase headline and litigation risk; the lead-plaintiff deadline is generally cited as December 1, 2026. Alphabet securities-fraud class action
• Negative Sentiment: AI spending and intensifying competition remain concerns. Alphabet is committing heavily to data centers and AI infrastructure, raising questions about near-term free-cash-flow pressure. Apple is also moving deeper into smart-home AI, while Microsoft is challenging Nvidia and other suppliers with its own chips, increasing competitive pressure across Alphabet’s strategic markets. Apple HomeView challenges Google

Analyst Ratings Changes

Several equities analysts recently weighed in on GOOG shares. Tigress Financial increased their target price on Alphabet from $415.00 to $485.00 and gave the stock a “strong-buy” rating in a research report on Friday, September 18th. TD Cowen restated a “buy” rating and issued a $485.00 price target (up from $475.00) on shares of Alphabet in a report on Thursday, October 8th. Citigroup reaffirmed a “market outperform” rating on shares of Alphabet in a research note on Friday. HSBC set a $515.00 price objective on shares of Alphabet in a research note on Friday, August 14th. Finally, Stifel Nicolaus set a $485.00 price objective on shares of Alphabet in a report on Thursday, October 8th. Six analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $421.95.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet’s chief executive officer and also leads Google.

Google is Alphabet’s primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.