Mill Capital Management LLC Sells 2,137 Shares of Alphabet Inc. $GOOG

Mill Capital Management LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 321,965 shares of the information services provider’s stock after selling 2,137 shares during the quarter. Alphabet makes up 7.2% of Mill Capital Management LLC’s holdings, making the stock its 3rd largest position. Mill Capital Management LLC’s holdings in Alphabet were worth $109,706,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Morton Brown Family Wealth LLC lifted its position in shares of Alphabet by 135.5% in the third quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider’s stock valued at $25,000 after buying an additional 42 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of Alphabet during the 2nd quarter worth approximately $29,000. Toth Financial Advisory Corp acquired a new position in shares of Alphabet during the 2nd quarter worth approximately $41,000. Timbuktu Capital Management LLC bought a new stake in Alphabet in the 2nd quarter valued at $46,000. Finally, Robinswood Financial LLC bought a new stake in Alphabet in the 1st quarter valued at $57,000. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOG opened at $282.32 on Friday. The stock has a 50 day simple moving average of $336.93 and a 200 day simple moving average of $338.53. The stock has a market cap of $3.45 trillion, a P/E ratio of 14.73, a PEG ratio of 0.92 and a beta of 1.19. Alphabet Inc. has a 1-year low of $271.41 and a 1-year high of $404.47. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.89). The firm had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 46.63%. The business’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.87 earnings per share. Research analysts anticipate that Alphabet Inc. will post 20.60 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Citic Securities raised their price target on Alphabet from $430.00 to $434.00 and gave the company a “buy” rating in a report on Monday, July 27th. DA Davidson decreased their price objective on shares of Alphabet from $375.00 to $350.00 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Oppenheimer reissued an “outperform” rating and issued a $400.00 price objective (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Cantor Fitzgerald restated an “overweight” rating and set a $350.00 target price on shares of Alphabet in a research note on Thursday. Finally, Rosenblatt Securities began coverage on shares of Alphabet in a research note on Thursday, August 20th. They set a “buy” rating for the company. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $414.72.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 83 shares of the business’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the sale, the director owned 19,076 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 12.99% of the company’s stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered exceptional growth. Revenue more than doubled year over year to approximately $30.7 billion, operating margins expanded to about 36%, and backlog reached $561 billion. These results support the long-term case that Cloud and AI infrastructure can become major earnings drivers. Alphabet’s Cloud Business Just Doubled
• Positive Sentiment: Alphabet’s custom AI-chip opportunity is expanding. New TPU 8t and 8i chips reportedly offer improved performance per dollar, while OpenAI is considering using Google TPUs and Alphabet is selling chips through third-party cloud providers. This could create a new revenue stream and reduce reliance on Nvidia. Alphabet’s $250 Billion AI Chip Opportunity
• Positive Sentiment: Some analysts remain bullish on the long-term outlook. JPMorgan maintained an “overweight” rating despite reducing its price target from $425 to $375, while other commentary characterized the selloff as a potential buying opportunity.
• Neutral Sentiment: Alphabet’s revenue rose approximately 25% year over year to $127.6 billion, and search queries continued to grow. However, the market is increasingly weighing growth quality and monetization rather than query volume alone.
• Neutral Sentiment: Alphabet launched Gemini 4 Carbon, expanded AI Search advertising internationally and introduced new crypto-security tools. These initiatives may broaden future revenue sources, but their near-term financial impact remains uncertain.
• Negative Sentiment: Third-quarter EPS missed expectations. Adjusted earnings were $2.12 per share versus consensus near $3.01, while revenue also fell slightly short. An approximately $8.7 billion investment loss, largely tied to Alphabet’s SpaceX stake, further reduced reported profit. Alphabet Q3 Earnings Report
• Negative Sentiment: Search and advertising trends raised AI-cannibalization concerns. Search revenue grew about 12% but missed estimates, while AI-mode searches may generate less revenue than traditional search. YouTube advertising revenue also came in below expectations.
• Negative Sentiment: AI spending is pressuring cash generation. Capital expenditures reached roughly $51.4 billion and free cash flow was negative by about $9.1 billion, prompting concerns about debt, financial obligations and the return on massive infrastructure investments.
• Negative Sentiment: Multiple law firms announced securities-fraud class actions or lead-plaintiff deadlines related to alleged disclosures about the Gemini 3.5 Pro development timeline. The lawsuits are an additional reputational and legal overhang, though their financial impact is uncertain. Alphabet Securities Class Action Notice

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.