Alphabet Inc. $GOOGL Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 8.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,561 shares of the information services provider’s stock after selling 8,399 shares during the period. Alphabet accounts for 1.0% of Sowell Financial Services LLC’s investment portfolio, making the stock its 15th biggest holding. Sowell Financial Services LLC’s holdings in Alphabet were worth $31,504,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. One Wealth Capital Management LLC increased its stake in shares of Alphabet by 12.6% in the third quarter. One Wealth Capital Management LLC now owns 19,348 shares of the information services provider’s stock worth $6,657,000 after acquiring an additional 2,158 shares during the last quarter. Ascent Wealth Partners LLC boosted its position in Alphabet by 1.5% during the third quarter. Ascent Wealth Partners LLC now owns 75,625 shares of the information services provider’s stock valued at $26,021,000 after purchasing an additional 1,087 shares during the last quarter. Lorne Steinberg Wealth Management Inc. boosted its position in Alphabet by 0.9% during the third quarter. Lorne Steinberg Wealth Management Inc. now owns 62,806 shares of the information services provider’s stock valued at $21,610,000 after purchasing an additional 582 shares during the last quarter. Nabity Jensen Investment Management Inc boosted its position in Alphabet by 3.9% during the third quarter. Nabity Jensen Investment Management Inc now owns 7,191 shares of the information services provider’s stock valued at $2,474,000 after purchasing an additional 270 shares during the last quarter. Finally, Canton Hathaway LLC grew its stake in Alphabet by 1.9% in the third quarter. Canton Hathaway LLC now owns 12,979 shares of the information services provider’s stock valued at $4,466,000 after purchasing an additional 241 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results support Alphabet’s position as a major beneficiary of enterprise AI demand. Alphabet’s Cloud Business Just Doubled
• Positive Sentiment: Several analysts remain constructive after the selloff. Guggenheim and Needham reaffirmed “buy” ratings with $450 targets, while Citigroup and Wells Fargo retained bullish ratings and projected substantial upside despite lowering their targets.
• Positive Sentiment: Alphabet’s AI ecosystem could gain from rising demand for cloud capacity and specialized chips. Waymo is also expanding internationally through a partnership with Toyota, although the business remains small relative to Alphabet’s core operations. Waymo taps Toyota to supply robotaxis
• Neutral Sentiment: Multiple securities law firms publicized class-action lawsuits and lead-plaintiff deadlines tied to alleged disclosures about Alphabet’s Gemini AI development. These notices add headline risk, but their direct financial impact remains uncertain.
• Negative Sentiment: Alphabet reported adjusted earnings of $2.12 per share, below consensus near $2.94-$3.02, while revenue of $127.6 billion also missed expectations. Search and other revenue grew about 12% to roughly $63 billion, but fell short of forecasts, reinforcing fears that AI-generated answers and “AI mode” searches may monetize less effectively than traditional Search.
• Negative Sentiment: AI infrastructure spending caused free cash flow to remain negative by roughly $9.1 billion for a second consecutive quarter. Investors are questioning whether the enormous capital outlays will produce adequate returns and whether Alphabet may need additional debt or equity financing.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment reduced quarterly earnings by approximately $0.55 per share, while an EU antitrust fine further pressured results. Analysts including RBC, Wells Fargo, Citigroup, Wedbush, KeyCorp and Cantor Fitzgerald lowered price targets, even though most maintained positive ratings.

Alphabet Trading Down 1.4%

Shares of NASDAQ:GOOGL opened at $279.84 on Friday. The stock has a market capitalization of $3.42 trillion, a PE ratio of 14.61, a P/E/G ratio of 0.82 and a beta of 1.21. Alphabet Inc. has a 1 year low of $270.70 and a 1 year high of $408.61. The firm has a fifty day moving average price of $339.07 and a 200 day moving average price of $340.17. The company has a current ratio of 2.79, a quick ratio of 2.64 and a debt-to-equity ratio of 0.19.

Alphabet (NASDAQ:GOOGL) last posted its 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 net margin of 50.03% and a return on equity of 43.33%. The company had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.96 billion. Analysts expect that Alphabet Inc. will post 20.05 EPS for the current fiscal year.

Insider Activity

In other news, Director Frances Arnold sold 83 shares of the company’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the sale, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 247 shares of company stock worth $79,238. Corporate insiders own 11.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Citizens Jmp lowered Alphabet from a “market outperform” rating to a “hold” rating in a research report on Thursday. Benchmark reiterated a “buy” rating on shares of Alphabet in a report on Thursday, October 1st. Wells Fargo & Company reduced their price target on Alphabet from $417.00 to $371.00 and set an “overweight” rating for the company in a report on Friday. Wall Street Zen cut Alphabet from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Wedbush dropped their price objective on Alphabet from $445.00 to $387.00 and set an “outperform” rating on the stock in a report on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Alphabet has an average rating of “Buy” and an average target price of $410.46.

Alphabet Profile

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.