Alphabet Inc. $GOOG Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOG) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,121 shares of the information services provider’s stock after selling 13,152 shares during the quarter. Alphabet accounts for approximately 1.5% of Sterling Capital Management LLC’s holdings, making the stock its 7th biggest position. Sterling Capital Management LLC’s holdings in Alphabet were worth $73,300,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. BIP Wealth LLC grew its position in Alphabet by 21.1% during the 3rd quarter. BIP Wealth LLC now owns 21,756 shares of the information services provider’s stock valued at $7,413,000 after purchasing an additional 3,794 shares during the last quarter. MLP3 LLC increased its stake in Alphabet by 1.4% during the 3rd quarter. MLP3 LLC now owns 5,958 shares of the information services provider’s stock valued at $2,030,000 after purchasing an additional 81 shares in the last quarter. OLIO Financial Planning raised its holdings in Alphabet by 4.2% in the third quarter. OLIO Financial Planning now owns 1,070 shares of the information services provider’s stock worth $364,000 after buying an additional 43 shares during the last quarter. Boomfish Wealth Group LLC raised its holdings in Alphabet by 10.0% in the third quarter. Boomfish Wealth Group LLC now owns 20,782 shares of the information services provider’s stock worth $7,081,000 after buying an additional 1,894 shares during the last quarter. Finally, MBL Wealth LLC raised its holdings in Alphabet by 3.8% in the third quarter. MBL Wealth LLC now owns 18,074 shares of the information services provider’s stock worth $6,158,000 after buying an additional 657 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. HSBC set a $515.00 price target on shares of Alphabet in a report on Friday, August 14th. Citic Securities boosted their price objective on shares of Alphabet from $430.00 to $434.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Raymond James Financial restated a “strong-buy” rating on shares of Alphabet in a report on Thursday, July 23rd. DZ Bank raised Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet in a research note on Monday, August 3rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $421.85.

Insider Buying and Selling

In related news, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the sale, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the sale, the director owned 19,076 shares in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 696 shares of company stock valued at $232,894 over the last quarter. Company insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $314.19 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The firm has a market cap of $3.84 trillion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19. The business has a 50-day simple moving average of $339.58 and a two-hundred day simple moving average of $338.81. Alphabet Inc. has a fifty-two week low of $264.94 and a fifty-two week high of $404.47.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google Cloud business remains a major growth driver. Cloud revenue reportedly grew 82% in the second quarter, while its backlog reached approximately $514 billion. Anthropic’s IPO filing also disclosed roughly $114.5 billion in non-cancelable cloud commitments with Alphabet, potentially providing substantial long-term revenue visibility. Alphabet Has $514 Billion in Cloud Orders
• Positive Sentiment: Analysts and investment managers continue to identify Alphabet as a potential leader in AI assistants, with growth prospects supported by resilient advertising, Google Cloud expansion and increasing Gemini adoption. Some long-term forecasts anticipate significant earnings growth over the next five years. Alphabet Stock: 3 Reasons Why GOOGL Is a Buy
• Neutral Sentiment: Alphabet’s upcoming quarterly results are the central near-term catalyst. Investors are focused on Search growth, Google Cloud margins, Gemini monetization and management’s capital-expenditure outlook. The stock has historically moved inconsistently after earnings, increasing the risk of a sharp reaction in either direction. Expected Alphabet Earnings Move
• Neutral Sentiment: Anthropic’s IPO filing supports demand for Alphabet’s cloud infrastructure, but it also highlights the cost of serving AI customers. Investors will need evidence that heavy data-center investment can translate into expanding cloud margins and free cash flow.
• Negative Sentiment: Investors remain concerned that elevated AI infrastructure spending could pressure margins and free cash flow, similar to the negative market reaction following Alphabet’s second-quarter results. Competition from Amazon, Microsoft, Meta and Anthropic adds to uncertainty around returns on AI investment.
• Negative Sentiment: Several law firms publicized securities-fraud class actions alleging Alphabet misled investors about AI progress during the May 19–July 16 period. Although the announcements do not establish liability, the repeated legal headlines add reputational and potential financial risk. Alphabet Securities Class Action Deadline

Alphabet Company Profile

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google’s principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.