Alphabet Inc. $GOOGL Shares Sold by CX Institutional

CX Institutional cut its stake in Alphabet Inc. (NASDAQ:GOOGL) by 10.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,471 shares of the information services provider’s stock after selling 13,657 shares during the quarter. Alphabet accounts for 1.1% of CX Institutional’s holdings, making the stock its 16th biggest position. CX Institutional’s holdings in Alphabet were worth $40,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. State Street Corp increased its stake in Alphabet by 5.6% in the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock valued at $85,403,303,000 after purchasing an additional 12,718,127 shares in the last quarter. Invesco Ltd. raised its holdings in Alphabet by 0.5% in the fourth quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider’s stock worth $14,208,470,000 after purchasing an additional 208,362 shares during the period. Fisher Asset Management LLC boosted its position in shares of Alphabet by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 38,106,033 shares of the information services provider’s stock worth $11,927,189,000 after purchasing an additional 583,078 shares in the last quarter. Amundi boosted its position in shares of Alphabet by 4.6% during the second quarter. Amundi now owns 33,203,350 shares of the information services provider’s stock worth $11,865,809,000 after purchasing an additional 1,457,371 shares in the last quarter. Finally, Nuveen LLC grew its holdings in shares of Alphabet by 1.7% in the 4th quarter. Nuveen LLC now owns 29,166,806 shares of the information services provider’s stock valued at $9,129,210,000 after buying an additional 478,848 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Gemini 4 Argon strengthens Alphabet’s AI narrative. Google says its new flagship model delivers top-tier results in coding, finance, legal work, video understanding and cybersecurity. Analysts view its capabilities and aggressive pricing as potentially pressuring OpenAI, Anthropic and other rivals, although broad access is initially restricted for safety testing. Google Gemini 4 Argon frontier model analysis
• Positive Sentiment: Alphabet’s vertically integrated AI platform remains a potential competitive advantage. The company develops its own chips, cloud infrastructure and models, which could eventually reduce dependence on Nvidia and improve economics as AI adoption grows. JPMorgan reportedly maintained an Overweight view and expects additional upside over the next year. Alphabet threat to Nvidia
• Positive Sentiment: AI infrastructure expansion and strategic investments could create longer-term value. Alphabet is testing its tensor-processing chips in orbit through Project Suncatcher and could benefit from its stake in Anthropic if the AI company’s potential IPO supports a higher valuation. These initiatives are speculative but reinforce the company’s broader AI strategy. Google AI chips launched into orbit
• Neutral Sentiment: YouTube is exploring additional live-sports rights. Expanding free and Premium sports programming could support engagement, subscriptions and advertising, but rights costs and the lack of a specific deal make the financial impact uncertain. YouTube sports strategy
• Negative Sentiment: Investors remain concerned about AI monetization and spending. Alphabet is committing heavily to infrastructure while analysts question whether AI revenue and personal-agent adoption will justify the investment. Meta’s free AI offering also highlights the risk that keeping Google’s comparable product behind a subscription could limit usage and weaken its competitive position. Google Gemini and personal agents
• Negative Sentiment: Legal and consumer-product risks remain overhangs. Google must face publisher claims seeking approximately $3.2 billion in ad-tech damages, while the Pixel 10a price increase to $599 could hurt demand for its budget hardware. Alphabet publisher ad-tech claims

Insiders Place Their Bets

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 441,399 shares of company stock valued at $8,677,053 in the last quarter. 11.61% of the stock is currently owned by insiders.

Alphabet Stock Up 1.6%

Shares of GOOGL traded up $5.26 during midday trading on Friday, hitting $343.50. The stock had a trading volume of 22,859,031 shares, compared to its average volume of 30,948,152. The firm has a market cap of $4.20 trillion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.00 and a beta of 1.21. The company has a 50 day simple moving average of $344.26 and a two-hundred day simple moving average of $347.73. Alphabet Inc. has a twelve month low of $235.84 and a twelve month high of $408.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.89 by $6.22. The company had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. On average, analysts anticipate that Alphabet Inc. will post 20.55 EPS for the current year.

Alphabet Announces Dividend

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

Analysts Set New Price Targets

GOOGL has been the subject of a number of recent analyst reports. Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a research report on Monday, June 22nd. Pivotal Research reiterated a “buy” rating and set a $475.00 target price (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research note on Friday, July 17th. Evercore restated an “outperform” rating and issued a $450.00 price target on shares of Alphabet in a report on Wednesday, September 16th. Finally, Roth Capital reaffirmed a “buy” rating and set a $440.00 price target (up from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Alphabet currently has a consensus rating of “Buy” and an average target price of $425.60.

Alphabet Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.