2,276 Alphabet Inc. $GOOGL Shares Sold by XML Financial LLC

XML Financial LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 34,115 shares of the information services provider’s stock after selling 2,276 shares during the quarter. XML Financial LLC’s holdings in Alphabet were worth $11,738,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in GOOGL. State Street Corp grew its position in Alphabet by 5.6% in the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock valued at $85,403,303,000 after purchasing an additional 12,718,127 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Alphabet by 90.9% in the first 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Alphabet in the third quarter valued at about $1,612,704,000. Amundi raised its holdings 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 in the last quarter. Finally, Jupiter Topco LLC bought a new stake in Alphabet during the second quarter worth about $1,058,385,000. 40.03% of the stock is owned by institutional investors.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Anthropic investment and cloud exposure: Google plans to invest $10 billion in Anthropic at its IPO, adding to Alphabet’s existing stake. Anthropic also has sizable Google Cloud commitments, potentially supporting cloud revenue through computing and marketplace services. Article: Anthropic’s Trillion-Dollar IPO Could Give Cloud Giants a Double Win
• Positive Sentiment: AI chips and cloud growth: Google introduced two specialized TPU variants for AI workloads, a move that could reduce reliance on outside chips and broaden Google Cloud’s appeal. Separate coverage highlighted strong Cloud revenue and improved operating margins. Article: Google broadens its AI hardware portfolio Article: Sundar Pichai Just Delivered Stunning News About Google Cloud
• Neutral Sentiment: Pixel Tag launch: Google began selling its $30 Android-compatible item tracker, expanding its consumer hardware lineup, though the immediate financial impact is unclear. Article: Pixel Tag is now available
• Negative Sentiment: AI spending and monetization concerns: Coverage framed accelerating AI investment as a risk if returns do not justify the cost. JPMorgan also removed Alphabet from its analyst focus list, citing slower AI-search monetization and substantial infrastructure spending, while retaining an Overweight rating. Article: Alphabet investors face a new reality as Google’s AI spending accelerates Article: JPMorgan Just Removed Alphabet From Its Analyst Focus List
• Negative Sentiment: Securities lawsuit: Multiple law firms publicized a pending class action alleging misrepresentations about the Gemini 3.5 Pro launch timeline. Investors have until around Dec. 1 to seek lead-plaintiff status; the allegations remain claims, not findings of liability. Article: Investors Have Opportunity to Lead Alphabet Securities Fraud Lawsuit

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the transaction, the director directly owned 19,076 shares in the company, 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 have sold 247 shares of company stock valued at $79,238 over the last quarter. Company insiders own 11.61% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $287.38 on Wednesday. Alphabet Inc. has a 12-month low of $270.70 and a 12-month high of $408.61. The firm has a 50-day moving average price of $330.72 and a two-hundred day moving average price of $338.55. The company has a market capitalization of $3.53 trillion, a P/E ratio of 15.00, a P/E/G ratio of 0.87 and a beta of 1.23. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19.

Alphabet (NASDAQ:GOOGL) last issued its quarterly 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 $3.02 by ($0.90). The company had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.96 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. Analysts anticipate that Alphabet Inc. will post 19.81 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, December 7th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 4.59%.

Analysts Set New Price Targets

GOOGL has been the topic of several recent analyst reports. DZ Bank raised Alphabet to a “strong-buy” rating in a research report on Thursday, July 23rd. Wells Fargo & Company lowered their price target on Alphabet from $417.00 to $371.00 and set an “overweight” rating on the stock in a research report on Friday, October 30th. UBS Group set a $332.00 target price on Alphabet and gave the stock a “neutral” rating in a report on Thursday, October 29th. Guggenheim reaffirmed a “buy” rating and set a $450.00 price objective on shares of Alphabet in a research report on Thursday, October 29th. Finally, DA Davidson dropped their price objective on shares of Alphabet from $350.00 to $300.00 and set a “neutral” rating on the stock in a research report on Thursday, October 29th. Five research analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Alphabet has a consensus rating of “Buy” and an average price target of $412.51.

Alphabet 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.