Alphabet Inc. $GOOG Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,428,270 shares of the information services provider’s stock after selling 212,747 shares during the period. Alphabet accounts for approximately 2.2% of Sumitomo Mitsui Trust Group Inc.’s holdings, making the stock its 6th biggest holding. Sumitomo Mitsui Trust Group Inc. owned about 0.09% of Alphabet worth $3,894,069,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GOOG. Providence Wealth Advisors LLC grew its holdings in Alphabet by 0.3% during the 1st quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider’s stock worth $3,094,000 after acquiring an additional 29 shares during the period. One Charles Private Wealth Services LLC grew its holdings in shares of Alphabet by 0.6% in the 1st quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider’s stock valued at $1,390,000 after buying an additional 29 shares during the period. Wisconsin Wealth Advisors LLC increased its position in shares of Alphabet by 1.3% in the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider’s stock valued at $785,000 after buying an additional 29 shares in the last quarter. Cypress Financial Planning LLC increased its position in shares of Alphabet by 1.3% in the 3rd quarter. Cypress Financial Planning LLC now owns 2,198 shares of the information services provider’s stock valued at $749,000 after buying an additional 29 shares in the last quarter. Finally, Johnson Wealth Management LLC raised its stake in Alphabet by 1.7% during the 2nd quarter. Johnson Wealth Management LLC now owns 1,842 shares of the information services provider’s stock worth $651,000 after buying an additional 30 shares during the period. 27.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wells Fargo & Company set a $365.00 target price on shares of Alphabet in a report on Monday. Wolfe Research reiterated an “outperform” rating on shares of Alphabet in a research note on Thursday, August 27th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $325.00 target price on shares of Alphabet in a report on Thursday, October 29th. Morgan Stanley reiterated an “overweight” rating and issued a $375.00 target price on shares of Alphabet in a research note on Thursday, October 29th. Finally, Evercore reiterated an “outperform” rating and set a $435.00 price target on shares of Alphabet in a report on Thursday, October 29th. Six analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $413.38.

Alphabet Price Performance

Alphabet stock opened at $278.27 on Wednesday. The stock has a 50-day moving average price of $333.13 and a two-hundred day moving average price of $337.67. Alphabet Inc. has a 12 month low of $271.41 and a 12 month high of $404.47. The company has a market capitalization of $3.40 trillion, a PE ratio of 14.52, a P/E/G ratio of 0.84 and a beta of 1.21. 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:GOOG) last issued its quarterly earnings data on Wednesday, October 28th. 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 company had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.97 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. Alphabet’s revenue was up 24.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.87 earnings per share. Analysts expect that Alphabet Inc. will post 19.80 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be given 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 payout ratio is presently 4.59%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to about $30.7 billion, and the company has a substantial backlog. A report that OpenAI is interested in buying Google’s AI chips could also help Alphabet monetize its infrastructure investment. OpenAI Wants to Buy Google AI Chips
• Positive Sentiment: Alphabet is reportedly in preliminary discussions related to the U.S. Defense Department’s Golden Dome initiative. A contract could diversify revenue and help generate returns on its AI infrastructure, though no agreement is confirmed. Alphabet’s Golden Dome Talks Could Open a New Market
• Neutral Sentiment: Google says it will make AI tools opt-in for K–12 accounts, but the changes have drawn political criticism after reports that schools restricting AI could also lose Search by default. The controversy may create reputational risk, while the effect on revenue is unclear. Google responds to political backlash over removing search from schools
• Negative Sentiment: The latest quarter’s $2.12 per-share earnings missed analyst expectations, while aggressive AI investment pushed free cash flow into negative territory. Investors are also weighing expectations for higher capital spending, which could pressure cash flow further before the investments pay off. Alphabet’s Free Cash Flow Just Turned Negative
• Negative Sentiment: Several law firms publicized an existing securities class action concerning alleged disclosures about Gemini 3.5 Pro’s training results. The announcements add legal and headline risk, but are not findings of wrongdoing. Alphabet securities class action deadline notice

Insider Buying and Selling at Alphabet

In other news, 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 value of $28,257.35. Following the transaction, the director 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 through this hyperlink. In the last quarter, insiders have sold 247 shares of company stock valued at $79,238. Corporate insiders own 12.99% of the company’s stock.

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.