Alphabet Inc. $GOOGL Shares Sold by Northeast Investment Management

Northeast Investment Management trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 473,993 shares of the information services provider’s stock after selling 10,115 shares during the quarter. Alphabet comprises approximately 5.8% of Northeast Investment Management’s investment portfolio, making the stock its 3rd biggest position. Northeast Investment Management’s holdings in Alphabet were worth $163,091,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GOOGL. State Street Corp grew its stake in Alphabet by 5.6% in the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock valued at $85,403,303,000 after buying an additional 12,718,127 shares during the last quarter. Amundi raised its holdings in Alphabet by 4.6% in the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider’s stock valued at $11,865,809,000 after acquiring an additional 1,457,371 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Alphabet by 10.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider’s stock valued at $6,334,186,000 after acquiring an additional 1,631,721 shares during the period. Swiss National Bank lifted its position in Alphabet by 7.1% during the first quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider’s stock worth $4,911,467,000 after acquiring an additional 1,139,400 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Alphabet by 90.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider’s stock worth $4,900,078,000 after acquiring an additional 8,112,680 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Alphabet

These are some of the GOOGL headlines that stood out recently:

• Positive Sentiment: Nvidia CEO Jensen Huang’s reported departure has put a spotlight on alternatives to Nvidia. Alphabet’s expanding TPU business could help it compete for AI workloads and gain market share, while its Google Cloud infrastructure also uses AMD processors. Why Alphabet Stock Was Moving Higher Today
• Neutral Sentiment: Alphabet is reportedly planning its first Hong Kong- and Singapore-dollar bond sale. The deal could diversify its funding, though investors may also watch how borrowing fits with already elevated AI infrastructure spending. Alphabet Eyes Bond Sales
• Negative Sentiment: A lawsuit against Google and other AI developers seeks to halt frontier AI development, creating potential regulatory and operational uncertainty. Separately, securities class actions allege investors were misled about Gemini development and disclosures; the allegations are not proven, but add legal overhang. Lawsuit Seeks to Halt Frontier AI Development

Insider Activity

In other news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the transaction, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 247 shares of company stock worth $79,238 over the last ninety days. 11.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GOOGL shares. Cantor Fitzgerald reduced their price objective on Alphabet from $420.00 to $350.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. Rosenblatt Securities lowered their target price on Alphabet from $410.00 to $380.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. Needham & Company LLC reissued a “buy” rating and set a $450.00 price target on shares of Alphabet in a report on Thursday, October 29th. Susquehanna dropped their price target on Alphabet from $460.00 to $400.00 and set a “positive” rating for the company in a report on Thursday, October 29th. Finally, KeyCorp reduced their price target on Alphabet from $410.00 to $385.00 and set an “overweight” rating for the company in a research note on Thursday, October 29th. Five research analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Alphabet currently has an average rating of “Buy” and an average target price of $412.51.

Alphabet Stock Performance

Shares of Alphabet stock opened at $298.70 on Friday. The company has a 50 day moving average of $329.12 and a 200-day moving average of $338.21. The company has a market cap of $3.67 trillion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.88 and a beta of 1.23. Alphabet Inc. has a 1-year low of $270.70 and a 1-year high of $408.61. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.90). The business had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.96 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. As a group, equities research analysts forecast that Alphabet Inc. will post 19.81 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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. The ex-dividend date of this dividend is Monday, December 7th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is presently 4.59%.

Alphabet Profile

Alphabet Inc. is a technology holding company whose largest business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company reorganized its businesses under the holding-company structure in 2015. Google’s products and services include Search, YouTube, Android, Chrome, Google Maps, Google Play and Google Cloud. The company also generates revenue from digital advertising and offers devices, subscriptions and artificial intelligence products and services.