Hollow Brook Wealth Management LLC cut its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 24.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,388 shares of the information services provider’s stock after selling 6,683 shares during the period. Alphabet makes up approximately 1.2% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 16th biggest position. Hollow Brook Wealth Management LLC’s holdings in Alphabet were worth $7,015,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of GOOGL. State Street Corp grew its position in Alphabet by 5.6% during the second 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 in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Alphabet by 90.9% in 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 acquiring an additional 8,112,680 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Alphabet in the 3rd quarter valued at approximately $1,612,704,000. Amundi raised its holdings in Alphabet by 12.7% in the 1st quarter. Amundi now owns 31,745,979 shares of the information services provider’s stock valued at $9,128,850,000 after acquiring an additional 3,574,810 shares in the last quarter. Finally, Jupiter Topco LLC bought a new stake in shares of Alphabet in the 2nd quarter worth approximately $1,058,385,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.
Alphabet News Roundup
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google introduced two new versions of its eighth-generation Tensor Processing Units, broadening its AI-chip offerings and sharpening its challenge to Nvidia. Investors may see custom chips as a way to support Google Cloud growth and reduce reliance on outside suppliers. Alphabet stock rises as Google expands AI chip lineup to challenge Nvidia
- Neutral Sentiment: JPMorgan removed Alphabet from its Analyst Focus List but maintained an Overweight rating. The firm cited slower AI-search monetization and substantial infrastructure spending, highlighting execution risks without changing its overall positive rating. JPMorgan Just Removed Alphabet From Its Analyst Focus List
- Negative Sentiment: Federal safety regulators opened a new investigation into Waymo after reports that its robotaxis continued to pass stopped school buses despite a prior software fix. The probe could bring regulatory, reputational or operational costs for Alphabet’s autonomous-driving business. Waymo robotaxis kept illegally passing school buses after software fix, feds say
- Negative Sentiment: Several law firms publicized an existing securities class action concerning Alphabet investors who bought shares from May 19 to July 16, 2026. The lawsuit alleges investors were misled about the Gemini 3.5 Pro launch timeline; the lead-plaintiff deadlines are November 30 or December 1. Repeated notices may add legal overhang, though they are not new court findings. Alphabet Deadline Alert: Levi & Korsinsky Reminds Investors of Securities Class Action Deadline
Insider Activity at Alphabet
In related news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 247 shares of company stock worth $79,238 in the last quarter. 11.61% of the stock is currently owned by corporate insiders.
Alphabet Stock Up 1.2%
GOOGL opened at $288.15 on Tuesday. The firm’s 50-day simple moving average is $331.76 and its 200-day simple moving average is $338.77. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. Alphabet Inc. has a twelve month low of $270.70 and a twelve month high of $408.61. The firm has a market cap of $3.52 trillion, a price-to-earnings ratio of 15.04, a PEG ratio of 0.87 and a beta of 1.23.
Alphabet (NASDAQ:GOOGL – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The firm had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.96 billion. Equities research analysts anticipate that Alphabet Inc. will post 19.86 EPS for the current fiscal 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 issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet’s dividend payout ratio is presently 4.59%.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. Tigress Financial reissued a “strong-buy” rating and set a $485.00 price objective (up from $415.00) on shares of Alphabet in a report on Thursday, September 17th. Sanford C. Bernstein restated a “market perform” rating and issued a $325.00 target price (down from $385.00) on shares of Alphabet in a research note on Thursday, October 29th. Wells Fargo & Company reduced their target price on Alphabet from $417.00 to $371.00 and set an “overweight” rating for the company in a research report on Friday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of Alphabet from $420.00 to $425.00 and gave the stock an “overweight” rating in a research note on Thursday, October 15th. Finally, Cantor Fitzgerald lowered their price target on shares of Alphabet from $420.00 to $350.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. Five research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Buy” and a consensus target price of $412.51.
View Our Latest Analysis on GOOGL
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.
Alphabet serves consumers, businesses and organizations around the world.
Read More
- Five stocks we like better than Alphabet
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL – Free Report).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
