Alphabet Inc. $GOOGL Stock Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,791,376 shares of the information services provider’s stock after selling 29,382 shares during the quarter. Alphabet comprises 9.1% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings, making the stock its biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Alphabet were worth $960,457,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. EMC Capital Management acquired a new position in Alphabet in the second quarter valued at approximately $35,000. Core Capital Management & Research inc. acquired a new stake in Alphabet during the 2nd quarter worth $41,000. Intelligent Financial Strategies bought a new stake in shares of Alphabet during the 3rd quarter valued at $41,000. Premier Financial Group bought a new stake in shares of Alphabet during the 2nd quarter valued at $45,000. Finally, Van Den Berg Management I Inc. raised its position in shares of Alphabet by 319.6% during the 1st quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider’s stock valued at $61,000 after acquiring an additional 163 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

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 transaction, the director directly owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 247 shares of company stock worth $79,238 over the last ninety days. 11.61% of the stock is owned by corporate insiders.

Alphabet Stock Down 0.3%

NASDAQ:GOOGL opened at $278.99 on Tuesday. Alphabet Inc. has a 1 year low of $270.70 and a 1 year high of $408.61. The stock has a 50-day moving average price of $337.75 and a two-hundred day moving average price of $339.89. The stock has a market cap of $3.41 trillion, a price-to-earnings ratio of 14.56, a PEG ratio of 0.94 and a beta of 1.21. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.90). Alphabet had a return on equity of 46.63% and a net margin of 50.03%. The business had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.96 billion. As a group, equities analysts expect that Alphabet Inc. will post 20.05 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Monday, December 7th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 4.59%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud and AI demand remain important growth drivers. Google Cloud revenue reportedly nearly doubled year over year to approximately $30.7 billion, while its backlog approached $561 billion. Analysts and bullish commentators argue that enterprise AI usage could eventually justify Alphabet’s infrastructure spending. Alphabet’s Cloud and AI outlook
• Positive Sentiment: Potential defense and cybersecurity contracts could diversify revenue. Alphabet is reportedly in preliminary discussions related to the Pentagon’s roughly $185 billion Golden Dome initiative. A finalized agreement could help monetize its AI infrastructure through sticky government and enterprise contracts, although no deal has been confirmed. Alphabet and Pentagon discussions
• Positive Sentiment: Debt-market demand suggests lenders remain confident in Alphabet. The company launched a roughly €6 billion bond sale, with reported orders substantially exceeding the amount offered. The financing provides additional capital for data centers, though it also highlights the scale of Alphabet’s spending needs. Alphabet bond sale
• Neutral Sentiment: Analysts and investors are divided. Some view the selloff as a valuation opportunity because Alphabet’s shares appear inexpensive relative to its growth potential, while others prefer to see evidence that AI spending is producing stronger cash returns.
• Negative Sentiment: AI spending is pressuring cash flow. Capital expenditures on chips, data centers and related infrastructure reportedly pushed free cash flow negative by about $9.1 billion for a second consecutive quarter. Management also expects spending to remain elevated, raising concerns about returns on invested capital and the need for external financing. Alphabet AI spending concerns
• Negative Sentiment: Core search growth and quarterly profitability disappointed. Search revenue reportedly grew about 12% to approximately $63 billion, as AI-generated answers threaten traditional advertising and user clicks. Alphabet also reported quarterly EPS of $2.12 versus a $3.02 consensus estimate, reinforcing fears that AI may disrupt its highest-margin business before new revenue streams mature.
• Negative Sentiment: Legal overhang has increased. Several law firms publicized securities class-action deadlines for investors who purchased Alphabet shares between May 19 and July 16, alleging undisclosed adverse information. The announcements may weigh on sentiment, although they do not establish liability. Alphabet securities lawsuit notice

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several recent research reports. The Goldman Sachs Group restated a “buy” rating and issued a $385.00 price target on shares of Alphabet in a research report on Thursday. Freedom Capital raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. KeyCorp decreased their target price on Alphabet from $410.00 to $385.00 and set an “overweight” rating for the company in a research report on Thursday, October 29th. Citigroup lowered their price target on Alphabet from $447.00 to $375.00 and set a “buy” rating for the company in a research note on Friday. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $375.00 price target (down from $400.00) on shares of Alphabet in a research report on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $412.51.

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.