Alphabet Inc. $GOOGL Shares Sold by TrinityBridge Ltd

TrinityBridge Ltd decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 14.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,005,955 shares of the information services provider’s stock after selling 164,041 shares during the quarter. Alphabet accounts for approximately 10.1% of TrinityBridge Ltd’s holdings, making the stock its largest position. TrinityBridge Ltd’s holdings in Alphabet were worth $346,235,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. State Street Corp lifted its position in shares of Alphabet by 5.6% in the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock worth $85,403,303,000 after buying an additional 12,718,127 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Alphabet by 90.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider’s stock valued at $4,900,078,000 after buying an additional 8,112,680 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Alphabet during the 3rd quarter valued at about $1,612,704,000. Amundi raised its stake in Alphabet by 12.7% during the first quarter. Amundi now owns 31,745,979 shares of the information services provider’s stock worth $9,128,850,000 after acquiring an additional 3,574,810 shares during the period. Finally, Jupiter Topco LLC acquired a new stake in Alphabet during the second quarter worth about $1,058,385,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet Trading Up 2.1%

Shares of NASDAQ:GOOGL opened at $293.45 on Thursday. The stock has a market capitalization of $3.61 trillion, a price-to-earnings ratio of 15.32, a PEG ratio of 0.87 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 debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. The company has a 50 day moving average price of $329.89 and a 200 day moving average price of $338.38.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The company had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.96 billion. On average, research analysts anticipate that Alphabet Inc. will post 19.81 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet’s payout ratio is presently 4.59%.

Insider Activity

In other news, Director Frances Arnold sold 83 shares of the business’s stock in a transaction 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 sale, the director directly owned 19,076 shares of the company’s stock, valued at $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 available at this link. Insiders sold 247 shares of company stock worth $79,238 over the last quarter. 11.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on GOOGL shares. Roth Capital restated a “buy” rating and issued a $440.00 target price (up from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Wedbush dropped their price target on Alphabet from $445.00 to $387.00 and set an “outperform” rating on the stock in a research report on Thursday, October 29th. Citigroup dropped their price target on Alphabet from $447.00 to $375.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Cantor Fitzgerald cut their price target on Alphabet from $420.00 to $350.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. Finally, Citizens Jmp lowered Alphabet from a “market outperform” rating to a “hold” rating in a research report on Thursday, October 29th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $412.51.

Latest Alphabet News

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

• Positive Sentiment: Google’s Gemini 4 Carbon scored near the top in an accounting AI benchmark, with Gemini 4 Argon ranking first. Strong results may support adoption of Google’s AI tools by businesses. Article: Google Now Has Two of the Top AI Models for Accounting Work
• Neutral Sentiment: Alphabet is reportedly planning its first bond sale in Hong Kong and Singapore, potentially raising about $3 billion. The sale could broaden funding sources for the company’s investments, while adding to investor focus on financing costs and AI spending. Article: Alphabet eyes $3 billion Hong Kong, Singapore bond sale
• Neutral Sentiment: Alphabet is among Anthropic’s major investors and cloud providers, with the company’s IPO potentially increasing the value of its stake and supporting Google Cloud demand. However, the reported additional investment is also a substantial capital commitment. Article: Anthropic’s Trillion-Dollar IPO Could Give Cloud Giants a Double Win

Alphabet Company 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.