Alphabet Inc. $GOOGL Stock Sold by Smith Group Asset Management LLC

Smith Group Asset Management LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 36.0% in the third quarter, Holdings Channel reports. The fund owned 183,117 shares of the information services provider’s stock after selling 103,201 shares during the quarter. Alphabet makes up about 4.1% of Smith Group Asset Management LLC’s portfolio, making the stock its 2nd biggest position. Smith Group Asset Management LLC’s holdings in Alphabet were worth $63,007,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 worth $85,403,303,000 after acquiring an additional 12,718,127 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Alphabet by 90.9% during 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 purchasing an additional 8,112,680 shares during the period. Amundi raised its position in Alphabet by 12.7% during the first quarter. Amundi now owns 31,745,979 shares of the information services provider’s stock valued at $9,128,850,000 after purchasing an additional 3,574,810 shares during the period. Jupiter Topco LLC bought a new stake in shares of Alphabet in the 2nd quarter valued at approximately $1,058,385,000. Finally, Nykredit A S bought a new stake in shares of Alphabet in the 2nd quarter valued at approximately $1,004,749,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director directly owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 247 shares of company stock valued at $79,238 over the last 90 days. 11.61% of the stock is currently owned by insiders.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google plans to invest $17 billion in a Wyoming data center, adding capacity to serve AI demand. Google’s credit backstop for Anthropic’s $19 billion TeraWulf data-center lease may also help secure future AI infrastructure. The commitments support growth, though they require substantial capital. Alphabet’s Google Plans $17 Billion Investment in Wyoming Data Center
• Neutral Sentiment: Google, Meta and TikTok sued California to block a law restricting features considered addictive for users under 16. A successful challenge could limit regulatory constraints, but the outcome is uncertain and the dispute adds scrutiny of social-media practices. Meta, Google, and TikTok sue California AG over teen social media law
• Negative Sentiment: Investors remain concerned that AI infrastructure spending is pressuring free cash flow and margins. The $17 billion Wyoming project reinforces Google’s growth ambitions but could intensify worries about the scale and payoff of capital spending. Alphabet’s Free Cash Flow Is Declining Faster Than Analysts Expected
• Negative Sentiment: A new lawsuit alleges a student used Google AI on a school Chromebook while planning a suicide attempt. The allegations are unproven, but the case could heighten reputational, product-safety and legal risks amid broader concerns about children’s online safety. Google faces claims student used AI chat on US school laptop to plan suicide attempt
• Negative Sentiment: Google has drawn backlash over a policy that would deny Search access to schools that restrict its AI tools, potentially damaging trust and inviting further scrutiny. Separately, law firms are publicizing a securities class action alleging misleading statements about Gemini 3.5 Pro; the claims are allegations, not findings, but add legal overhang. Google faces backlash for plan that would turn off Search for schools that restrict AI

Alphabet Price Performance

Shares of GOOGL stock opened at $282.57 on Friday. Alphabet Inc. has a twelve month low of $270.70 and a twelve month high of $408.61. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $334.04 and a two-hundred day simple moving average of $339.15. The stock has a market capitalization of $3.46 trillion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 0.87 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL) last announced 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). The business had revenue of $127.58 billion during the quarter, compared to analysts’ expectations of $127.96 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. On average, analysts predict that Alphabet Inc. will post 19.86 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of analyst reports. Guggenheim restated a “buy” rating and issued a $450.00 price target on shares of Alphabet in a research report on Thursday, October 29th. 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. Citizens Jmp downgraded shares of Alphabet from a “market outperform” rating to a “hold” rating in a research note on Thursday, October 29th. Truist Financial lowered their target price on shares of Alphabet from $420.00 to $410.00 and set a “buy” rating for the company in a report on Thursday, October 29th. Finally, Zacks Research cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Alphabet presently has an average rating of “Buy” and a consensus price target of $412.51.

About Alphabet

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.