Alphabet Inc. $GOOG Stock Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. reduced its holdings in Alphabet Inc. (NASDAQ:GOOG) by 2.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 547,450 shares of the information services provider’s stock after selling 12,043 shares during the quarter. Alphabet accounts for about 2.9% of Mesirow Financial Investment Management Inc.’s investment portfolio, making the stock its 6th largest holding. Mesirow Financial Investment Management Inc.’s holdings in Alphabet were worth $186,538,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Morton Brown Family Wealth LLC increased its stake in Alphabet by 135.5% during the 3rd quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider’s stock worth $25,000 after purchasing an additional 42 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in Alphabet during the 2nd quarter worth approximately $29,000. Livelsberger Financial Advisory bought a new position in Alphabet in the third quarter valued at approximately $37,000. Timbuktu Capital Management LLC bought a new position in Alphabet in the second quarter valued at approximately $46,000. Finally, Team Financial Group LLC bought a new position in Alphabet in the third quarter valued at approximately $60,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the sale, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 247 shares of company stock worth $79,238. 12.99% of the stock is owned by company insiders.

More Alphabet News

These are some of the GOOG news items that stood out recently:

• Positive Sentiment: Google unveiled two new Tensor Processing Units aimed at agentic AI and confidential enterprise computing. The chips broaden Alphabet’s in-house hardware offering and could reduce reliance on outside processors. Article: Alphabet Edged Higher After Revealing New TPUs
• Neutral Sentiment: Alphabet is exploring up to $3 billion in its first Hong Kong- and Singapore-dollar bond offerings. The financing could diversify funding sources, though it adds debt obligations. Article: Alphabet explores first Hong Kong and Singapore dollar bond sales
• Negative Sentiment: Despite the new TPU announcements, one report flags cash flow as a larger challenge for GOOG, highlighting investor concern about the cost of funding AI infrastructure and expansion. Article: Alphabet Edged Higher After Revealing New TPUs

Analyst Ratings Changes

Several research firms have recently weighed in on GOOG. Pivotal Research reiterated a “buy” rating and issued a $475.00 price target on shares of Alphabet in a report on Thursday, October 29th. Bank of America restated a “buy” rating on shares of Alphabet in a report on Thursday, October 29th. Zacks Research cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Wedbush began coverage on shares of Alphabet in a research report on Thursday, July 16th. They issued an “outperform” rating and a $445.00 price objective on the stock. Finally, Citizens Jmp lowered shares of Alphabet from a “mkt outperform” rating to a “market perform” rating in a research note on Thursday, October 29th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $413.38.

Alphabet Stock Up 2.0%

NASDAQ:GOOG opened at $290.63 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. The company has a market cap of $3.57 trillion, a PE ratio of 15.17, a PEG ratio of 0.86 and a beta of 1.21. Alphabet Inc. has a 52-week low of $271.41 and a 52-week high of $404.47. The stock has a 50-day simple moving average of $326.81 and a 200 day simple moving average of $336.38.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.89). The firm had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The firm’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.87 EPS. On average, sell-side analysts expect that Alphabet Inc. will post 19.74 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 7th. Alphabet’s dividend payout ratio (DPR) is currently 4.59%.

About Alphabet

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer. Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.