Profund Advisors LLC Sells 7,032 Shares of Alphabet Inc. $GOOG

Profund Advisors LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.0% during the third quarter, Holdings Channel reports. The firm owned 169,059 shares of the information services provider’s stock after selling 7,032 shares during the quarter. Alphabet makes up about 1.7% of Profund Advisors LLC’s investment portfolio, making the stock its 11th biggest position. Profund Advisors LLC’s holdings in Alphabet were worth $57,605,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. ProShare Advisors LLC lifted its stake in shares of Alphabet by 4.2% in the 3rd quarter. ProShare Advisors LLC now owns 2,679,204 shares of the information services provider’s stock valued at $912,912,000 after purchasing an additional 107,924 shares during the period. Vise Technologies Inc. grew its stake in Alphabet by 42.0% in the third quarter. Vise Technologies Inc. now owns 269,929 shares of the information services provider’s stock worth $91,976,000 after purchasing an additional 79,804 shares during the period. Investment Partners LTD. grew its stake in Alphabet by 74.3% in the third quarter. Investment Partners LTD. now owns 14,132 shares of the information services provider’s stock worth $4,815,000 after purchasing an additional 6,023 shares during the period. Summit Global Investments raised its holdings in Alphabet by 13.2% in the third quarter. Summit Global Investments now owns 22,920 shares of the information services provider’s stock worth $7,810,000 after purchasing an additional 2,674 shares in the last quarter. Finally, Marin Bay Wealth Advisors LLC raised its holdings in Alphabet by 5.0% in the third quarter. Marin Bay Wealth Advisors LLC now owns 6,351 shares of the information services provider’s stock worth $2,164,000 after purchasing an additional 304 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Up 0.1%

NASDAQ:GOOG opened at $278.27 on Wednesday. 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 firm has a market cap of $3.40 trillion, a P/E ratio of 14.52, a P/E/G ratio of 0.84 and a beta of 1.21. Alphabet Inc. has a fifty-two week low of $271.41 and a fifty-two week high of $404.47. The firm has a 50-day simple moving average of $333.13 and a two-hundred day simple moving average of $337.67.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.89). The firm had revenue of $127.58 billion during 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%. The company’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.87 EPS. Analysts predict that Alphabet Inc. will post 19.80 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Oppenheimer reissued an “outperform” rating and set a $400.00 price objective (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. New Street Research decreased their price target on shares of Alphabet from $455.00 to $405.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Canaccord Genuity Group set a $450.00 price target on shares of Alphabet in a research note on Thursday, July 23rd. Barclays reissued an “overweight” rating on shares of Alphabet in a research report on Thursday, October 29th. Finally, UBS Group reissued a “reduce” rating on shares of Alphabet in a research note on Thursday, October 29th. Six analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $413.38.

Key Headlines Impacting 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 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 transaction, the director directly owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 247 shares of company stock worth $79,238 over the last three months. 12.99% of the stock is owned by insiders.

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.