Legacy Wealth Management LLC MS Cuts Position in Alphabet Inc. $GOOGL

Legacy Wealth Management LLC MS reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 12.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,304 shares of the information services provider’s stock after selling 5,478 shares during the quarter. Alphabet comprises approximately 2.7% of Legacy Wealth Management LLC MS’s holdings, making the stock its 6th largest position. Legacy Wealth Management LLC MS’s holdings in Alphabet were worth $9,069,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Alphabet by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 516,559,609 shares of the information services provider’s stock worth $91,033,300,000 after acquiring an additional 6,733,278 shares during the period. State Street Corp grew its position in Alphabet by 1.8% in the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock worth $40,524,841,000 after purchasing an additional 4,008,374 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Alphabet by 3.1% in the second quarter. Geode Capital Management LLC now owns 141,615,284 shares of the information services provider’s stock valued at $24,857,017,000 after purchasing an additional 4,224,497 shares during the period. Norges Bank bought a new stake in shares of Alphabet during the second quarter valued at approximately $21,944,208,000. Finally, Invesco Ltd. raised its holdings in shares of Alphabet by 1.2% during the second quarter. Invesco Ltd. now owns 44,151,820 shares of the information services provider’s stock valued at $7,780,875,000 after buying an additional 503,306 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts raised targets — Deutsche Bank boosted its price target to $370 and kept a buy rating, and Robert W. Baird raised its target to $350 with an outperform rating. These lifts signal continued analyst confidence and create upside support for the stock. Deutsche Bank Raises Target Baird Raises Target
• Positive Sentiment: Product/AI momentum — reports show a surge in sales of Google’s Gemini AI models, which supports revenue growth from higher-margin AI services and strengthens the company’s competitive AI positioning. Gemini Sales Surge
• Neutral Sentiment: Google-backed drug discovery timeline pushed — Isomorphic Labs now expects first clinical trials by end‑2026. This delays any near-term biotech upside tied to Alphabet’s life‑sciences investments but has limited impact on core ad/cloud businesses. Isomorphic Labs Delay
• Neutral Sentiment: Product development coverage — media pieces on Google’s new AI‑powered smart glasses and long-term cloud/AI revenue narratives reiterate growth potential but are not immediate catalysts. AI Smart Glasses Coverage
• Negative Sentiment: Sector risk-off pressured shares — escalating geopolitical/tariff rhetoric (Greenland tensions) triggered a tech-led sell-off that weighed on Alphabet along with peers; market positioning and broader risk sentiment are the main short-term drivers of the decline. Tech Sell-off / Greenland Tensions
• Negative Sentiment: Price action noted by market coverage — headlines point out Alphabet fell more than the broader market today, reflecting both the sector pullback and profit‑taking after recent gains. That media focus can amplify short‑term selling pressure. Zacks: Why GOOGL Fell

Alphabet Price Performance

NASDAQ:GOOGL opened at $322.00 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average price is $312.75 and its 200 day moving average price is $257.45. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $340.49. The firm has a market cap of $3.89 trillion, a P/E ratio of 31.76, a PEG ratio of 1.82 and a beta of 1.08.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. The company had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. As a group, sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GOOGL shares. Needham & Company LLC raised their target price on Alphabet from $260.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. KeyCorp reissued an “overweight” rating and issued a $300.00 price target (up previously from $265.00) on shares of Alphabet in a research note on Monday, October 27th. DA Davidson reissued a “neutral” rating and set a $300.00 price target on shares of Alphabet in a report on Tuesday, November 25th. Citic Securities upped their price objective on shares of Alphabet from $230.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $315.00 target price on shares of Alphabet in a research report on Tuesday, December 2nd. Three investment analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $329.08.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $283.48, for a total transaction of $9,213,100.00. Following the completion of the sale, the chief executive officer owned 2,337,119 shares in the company, valued at approximately $662,526,494.12. This represents a 1.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $312.30, for a total value of $867,569.40. Following the sale, the chief accounting officer directly owned 8,962 shares of the company’s stock, valued at approximately $2,798,832.60. This represents a 23.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 189,909 shares of company stock valued at $57,927,282. Corporate insiders own 11.55% of the company’s stock.

Alphabet Company Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.