Alphabet Inc. $GOOGL Shares Sold by Coastline Trust Co

Coastline Trust Co lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.8% during the third quarter, Holdings Channel reports. The fund owned 163,780 shares of the information services provider’s stock after selling 8,324 shares during the quarter. Alphabet makes up 5.3% of Coastline Trust Co’s holdings, making the stock its 3rd largest holding. Coastline Trust Co’s holdings in Alphabet were worth $56,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. grew its holdings in shares of Alphabet by 8.8% during the 2nd quarter. QRG Capital Management Inc. now owns 1,110,108 shares of the information services provider’s stock valued at $396,719,000 after acquiring an additional 89,799 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Alphabet by 9.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 220,700 shares of the information services provider’s stock worth $78,855,000 after acquiring an additional 19,798 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Alphabet by 2.2% during the second quarter. Envestnet Asset Management Inc. now owns 7,477,002 shares of the information services provider’s stock valued at $2,672,041,000 after purchasing an additional 159,769 shares during the last quarter. State Street Corp boosted 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 valued at $85,403,303,000 after purchasing an additional 12,718,127 shares during the last quarter. Finally, Premier Financial Group purchased a new position in Alphabet in the second quarter valued at about $45,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GOOGL shares. BMO Capital Markets set a $465.00 price target on Alphabet and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Zacks Research downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Roth Capital reaffirmed a “buy” rating and set a $440.00 price objective (up from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Rosenblatt Securities reissued a “buy” rating and issued a $410.00 target price on shares of Alphabet in a research report on Thursday, September 3rd. Finally, UBS Group dropped their price target on shares of Alphabet from $400.00 to $379.00 and set a “neutral” rating on the stock in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Alphabet presently has an average rating of “Buy” and a consensus price target of $425.60.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 82 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $337.71, for a total value of $27,692.22. Following the sale, the director owned 18,995 shares of the company’s stock, valued at $6,414,801.45. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 441,316 shares of company stock worth $8,648,795 over the last ninety days. Company insiders own 11.61% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google launched Gemini 4 Argon, its most advanced AI model to date, with reported improvements in coding, cybersecurity and complex professional workflows. JPMorgan maintained an Overweight rating, suggesting analysts view the launch as evidence that Alphabet remains competitive with OpenAI and Anthropic. Alphabet stock falls despite Gemini 4 Argon launch
• Positive Sentiment: Alphabet is testing its Project Suncatcher initiative by sending Google Tensor Processing Units into orbit on a SpaceX mission. Although commercially distant, the project could support future space-based AI infrastructure and demonstrates Alphabet’s willingness to pursue new computing platforms. SpaceX set to launch Google AI chips into orbit
• Positive Sentiment: Recent commentary continues to point to momentum in Search, YouTube, subscriptions, advertising and cloud services. Alphabet’s AI investments are viewed as potentially improving engagement and advertiser performance, while its valuation remains more reasonable than many high-growth AI stocks. Alphabet rides on Google Services growth
• Neutral Sentiment: Gemini 4 Argon is initially restricted to selected cybersecurity organizations because of safety concerns. A cautious rollout may reduce immediate revenue impact, but could help Alphabet limit reputational and regulatory risks before broader distribution. Google releases new Gemini model with guardrails
• Negative Sentiment: Reports that some Google employees questioned Gemini 4 Argon’s real-world performance, despite strong benchmark results, raise concerns about whether the model will translate into sustained user adoption and commercial gains. Google staff question Gemini 4 performance
• Negative Sentiment: Alphabet is challenging European Union orders that could require it to share search data and open services to AI rivals. An unfavorable outcome could weaken Google’s competitive advantages and increase compliance costs. Google asks EU court to suspend order
• Negative Sentiment: Pershing Square reportedly sold its entire Alphabet position to buy Microsoft, while a potential Anthropic IPO could make the value of Alphabet’s investment in the AI company more volatile. These developments may reinforce concerns about competition and the risk of paper gains reversing. Bill Ackman sold Alphabet to buy an AI stock

Alphabet Stock Performance

Alphabet stock traded down $6.85 during trading hours on Thursday, reaching $337.23. 17,519,707 shares of the company were exchanged, compared to its average volume of 30,896,697. The firm has a market cap of $4.12 trillion, a price-to-earnings ratio of 16.93, a PEG ratio of 0.99 and a beta of 1.22. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $343.85 and a 200 day moving average of $347.48. Alphabet Inc. has a 12 month low of $235.84 and a 12 month high of $408.61.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. As a group, research analysts anticipate that Alphabet Inc. will post 20.55 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is currently 4.42%.

Alphabet Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.