Alphabet Inc. $GOOG Stock Sold by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 6.4% during the third quarter, Holdings Channel reports. The firm owned 35,391 shares of the information services provider’s stock after selling 2,416 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Alphabet were worth $12,059,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of GOOG. Readystate Asset Management LP acquired a new position in shares of Alphabet in the second quarter valued at approximately $45,352,000. BlackRock Inc. lifted its holdings in Alphabet by 1.4% during the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock worth $130,704,718,000 after buying an additional 5,164,200 shares in the last quarter. State Street Corp lifted its holdings in Alphabet by 2.8% during the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock worth $67,458,980,000 after buying an additional 5,208,690 shares in the last quarter. Auto Owners Insurance Co boosted its position in Alphabet by 38,409.2% in the 4th quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock valued at $5,643,262,000 after buying an additional 179,369,280 shares during the period. Finally, Janus Henderson Group PLC boosted its position in Alphabet by 2.1% in the 4th quarter. Janus Henderson Group PLC now owns 24,595,622 shares of the information services provider’s stock valued at $7,693,281,000 after buying an additional 508,718 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Down 0.5%

Alphabet stock traded down $1.73 during midday trading on Thursday, reaching $345.64. The company’s stock had a trading volume of 6,917,601 shares, compared to its average volume of 20,390,340. Alphabet Inc. has a fifty-two week low of $236.68 and a fifty-two week high of $404.47. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The company has a market cap of $4.23 trillion, a P/E ratio of 17.36, a P/E/G ratio of 1.00 and a beta of 1.19. The business has a 50-day simple moving average of $342.92 and a 200-day simple moving average of $346.43.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. During the same quarter in the previous year, the firm earned $2.31 EPS. The company’s revenue was up 24.2% compared to the same quarter last year. On average, research analysts expect that Alphabet Inc. will post 20.55 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is 4.42%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Isomorphic Labs valuation could validate Alphabet’s AI portfolio. The Alphabet-backed drug-discovery startup is reportedly seeking funding at a valuation of at least $40 billion, potentially reaching $50 billion. A successful financing round could highlight the value of Alphabet’s AI assets beyond advertising and cloud services. Alphabet’s Isomorphic Labs seeks valuation of at least $40 billion in new funding round
• Positive Sentiment: Waymo secured $5 billion in debt financing from Blackstone, PIMCO and Sixth Street to accelerate robotaxi expansion. The funding provides additional capital for Alphabet’s autonomous-driving unit without requiring an immediate equity contribution from the parent company. Waymo locks in $5B loan from Blackstone, PIMCO to fuel robotaxi expansion
• Positive Sentiment: Google is broadening commercial applications for Gemini and cloud. Google Cloud is deploying Gemini models with Balyasny Asset Management, while an education partnership will provide Gemini Enterprise to more than 30,000 users. These deals offer evidence of enterprise demand and potential returns on Alphabet’s substantial AI infrastructure spending. Balyasny Asset Management Deploys Gemini Models for Agentic Financial Research
• Positive Sentiment: Long-term power agreements support AI data-center expansion. Alphabet’s nuclear and utility arrangements are designed to secure reliable electricity for data centers, reducing a key bottleneck for cloud and AI growth. Its Unity gaming partnership and new AI media-authentication tools also expand Alphabet’s product ecosystem. Google and Constellation Energy sign latest nuclear energy deal
• Neutral Sentiment: Analysts remain overwhelmingly bullish. Reports cite unanimous positive coverage and price targets well above the current trading range, but some analysts warn that Alphabet’s premium valuation leaves little room for disappointing AI returns. Alphabet Price Prediction: 56 Analysts Bullish, Zero Sells
• Negative Sentiment: Shareholder litigation remains an overhang. Multiple law firms are promoting a securities class action alleging that Alphabet failed to disclose issues related to the anticipated Gemini 3.5 Pro launch and training performance. The allegations are unresolved, but they could increase legal costs and reputational risk. Alphabet Shareholder Alert
• Negative Sentiment: Execution and capital-spending risks are rising. Google was ordered to pause work on two Finnish data centers pending environmental assessments, while commentary points to negative free cash flow and higher debt as AI spending accelerates. These issues could pressure margins if AI monetization fails to keep pace with infrastructure investment. Google ordered to halt work on two data centers in Finland

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of the firm’s 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 owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares of the company’s stock, valued at $9,125,015.20. This trade represents a 1.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 441,399 shares of company stock valued at $8,677,053. 12.99% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GOOG shares. HSBC set a $515.00 price objective on Alphabet in a research report on Friday, August 14th. Moffett Nathanson lowered their target price on Alphabet from $380.00 to $370.00 and set a “buy” rating for the company in a research note on Wednesday, September 16th. JPMorgan Chase & Co. cut their price target on Alphabet from $460.00 to $420.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Wedbush initiated coverage on Alphabet in a research report on Thursday, July 16th. They issued an “outperform” rating and a $445.00 price target on the stock. Finally, Wolfe Research reiterated an “outperform” rating on shares of Alphabet in a research note on Thursday, August 27th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $421.95.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet’s chief executive officer and also leads Google.

Google is Alphabet’s primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.