Knights of Columbus Asset Advisors LLC Sells 2,181 Shares of Alphabet Inc. $GOOG

Knights of Columbus Asset Advisors LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 116,094 shares of the information services provider’s stock after selling 2,181 shares during the period. Alphabet accounts for about 1.9% of Knights of Columbus Asset Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Knights of Columbus Asset Advisors LLC’s holdings in Alphabet were worth $39,558,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Morton Brown Family Wealth LLC raised its stake in shares of Alphabet by 135.5% during the 3rd quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider’s stock worth $25,000 after purchasing an additional 42 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Alphabet in the 2nd quarter valued at approximately $29,000. Livelsberger Financial Advisory acquired a new stake in shares of Alphabet in the 3rd quarter valued at approximately $37,000. Toth Financial Advisory Corp acquired a new stake in shares of Alphabet in the 2nd quarter valued at approximately $41,000. Finally, Timbuktu Capital Management LLC bought a new position in shares of Alphabet in the second quarter valued at $46,000. 27.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Frances Arnold sold 83 shares of the 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 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 Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 247 shares of company stock valued at $79,238. 12.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GOOG shares. Citizens Jmp downgraded shares of Alphabet from a “mkt outperform” rating to a “market perform” rating in a report on Thursday, October 29th. Citic Securities upped their price target on shares of Alphabet from $430.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. TD Cowen reiterated a “buy” rating and issued a $460.00 price target (down from $485.00) on shares of Alphabet in a research note on Thursday, October 29th. Raymond James Financial reissued a “strong-buy” rating and issued a $350.00 price objective on shares of Alphabet in a research report on Thursday, October 29th. Finally, Roth Capital lifted their price objective on shares of Alphabet from $435.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $413.38.

Key Stories Impacting Alphabet

Here are a few of the latest stories about GOOG:

• Positive Sentiment: Google is testing a faster Gemini 4 Flash model internally, following the launch of Gemini 4 Carbon for developers and businesses. Continued model releases may help Alphabet compete for AI workloads and monetization. Article: Google is letting staff test a fast new Gemini AI model named Hydrogen
• Neutral Sentiment: Alphabet is exploring up to $3 billion in its first Hong Kong- and Singapore-dollar bond offerings. The financing could diversify funding sources, though it adds debt obligations. Article: Alphabet explores first Hong Kong and Singapore dollar bond sales
• Negative Sentiment: Despite the new TPU announcements, one report flags cash flow as a larger challenge for GOOG, highlighting investor concern about the cost of funding AI infrastructure and expansion. Article: Alphabet Edged Higher After Revealing New TPUs

Alphabet Price Performance

NASDAQ:GOOG opened at $290.63 on Thursday. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average price is $326.81 and its two-hundred day moving average price is $336.38. The firm has a market capitalization of $3.57 trillion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 0.86 and a beta of 1.21. Alphabet Inc. has a 12-month low of $271.41 and a 12-month high of $404.47.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.89). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.97 billion. During the same period in the previous year, the business earned $2.87 earnings per share. The business’s quarterly revenue was up 24.7% on a year-over-year basis. On average, analysts anticipate that Alphabet Inc. will post 19.74 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, December 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s payout ratio is presently 4.59%.

About Alphabet

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer. Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.