Alphabet Inc. $GOOGL Shares Sold by Cortland Associates Inc. MO

Cortland Associates Inc. MO lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 3.1% during the third quarter, Holdings Channel reports. The firm owned 58,600 shares of the information services provider’s stock after selling 1,871 shares during the period. Alphabet makes up approximately 2.9% of Cortland Associates Inc. MO’s investment portfolio, making the stock its 16th biggest position. Cortland Associates Inc. MO’s holdings in Alphabet were worth $20,163,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TSG Advice Partners LLC bought a new position in Alphabet in the 3rd quarter valued at about $4,707,000. Capital CS Group LLC lifted its holdings in shares of Alphabet by 108.7% during the 3rd quarter. Capital CS Group LLC now owns 1,194 shares of the information services provider’s stock worth $411,000 after acquiring an additional 14,981 shares during the period. Independence Wealth Advisors LLC acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $1,893,000. One Way Holdings LLC boosted its position in shares of Alphabet by 3.8% during the 3rd quarter. One Way Holdings LLC now owns 132,707 shares of the information services provider’s stock worth $45,662,000 after acquiring an additional 4,858 shares in the last quarter. Finally, Artesa Financial Group LLC increased its stake in Alphabet by 19.0% in the third quarter. Artesa Financial Group LLC now owns 1,180 shares of the information services provider’s stock valued at $406,000 after acquiring an additional 188 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In related 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 value of $28,257.35. Following the completion of the sale, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 247 shares of company stock valued at $79,238 over the last quarter. Insiders own 11.61% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL opened at $287.38 on Wednesday. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.53 trillion, a PE ratio of 15.00, a PEG ratio of 0.87 and a beta of 1.23. Alphabet Inc. has a 12-month low of $270.70 and a 12-month high of $408.61. The business has a 50-day simple moving average of $330.72 and a two-hundred day simple moving average of $338.55.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results 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 the consensus estimate of $127.96 billion. Analysts anticipate that Alphabet Inc. will post 19.81 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Wall Street Analyst Weigh In

GOOGL has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Alphabet from $420.00 to $425.00 and gave the company an “overweight” rating in a research report on Thursday, October 15th. Cantor Fitzgerald reduced their target price on Alphabet from $420.00 to $350.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. KeyCorp decreased their price target on Alphabet from $410.00 to $385.00 and set an “overweight” rating on the stock in a research note on Thursday, October 29th. Pivotal Research reissued a “buy” rating and set a $475.00 price target (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. Finally, Roth Capital reissued a “buy” rating and set a $440.00 target price (up from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Alphabet presently has an average rating of “Buy” and a consensus target price of $412.51.

Trending Headlines about 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

About Alphabet

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.