11,891 Shares of Alphabet Inc. $GOOGL Purchased by Sanders Morris Harris LLC

Key Points

• Sanders Morris Harris LLC acquired 11,891 Alphabet shares during the third quarter, valued at approximately $4.09 million.
• Institutional investors own about 40.03% of Alphabet, with several major funds significantly increasing their positions in recent quarters.
• Alphabet reported quarterly revenue of $119.8 billion and EPS of $9.11, exceeding analyst estimates; analysts maintain an overall “Buy” rating with an average price target of $425.04.

Sanders Morris Harris LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,891 shares of the information services provider's stock, valued at approximately $4,090,000.

A number of other hedge funds have also made changes to their positions in the business. State Street Corp boosted its holdings 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 valued at $85,403,303,000 after purchasing an additional 12,718,127 shares in the last quarter. Diamant Asset Management Inc. increased its stake in Alphabet by 28,950.0% in the first quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider's stock valued at $2,671,986,000 after purchasing an additional 9,259,940 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Alphabet by 90.9% in 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 last quarter. Corient Private Wealth LLC raised its holdings in Alphabet by 127.9% during the fourth quarter. Corient Private Wealth LLC now owns 11,677,886 shares of the information services provider's stock worth $3,655,178,000 after purchasing an additional 6,554,842 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in Alphabet by 45.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,737,125 shares of the information services provider's stock worth $4,299,721,000 after purchasing an additional 4,313,745 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $349.22 on Friday. Alphabet Inc. has a one year low of $244.15 and a one year high of $408.61. The stock has a market capitalization of $4.27 trillion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.01 and a beta of 1.21. The company has a 50-day simple moving average of $344.54 and a 200-day simple moving average of $351.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The firm had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. On average, analysts predict that Alphabet Inc. will post 20.54 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio is currently 4.42%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Higher analyst target: JPMorgan raised its Alphabet price target to $425 from $420 and maintained an “overweight” rating, implying substantial upside based on Alphabet’s AI, advertising and cloud prospects. Alphabet stock information
• Positive Sentiment: AI commercialization is expanding: CNN signed a multiyear AI partnership with Google, while Google launched Universal Cart in the United States, allowing users to track products across Search and Gemini. These initiatives could strengthen Gemini adoption and Google’s commerce and enterprise offerings. CNN signs AI partnership with Google
• Positive Sentiment: Gemini momentum remains a key bullish argument: Recent coverage highlights Gemini 4 Argon’s rollout, enterprise capabilities and potential to keep Alphabet competitive with OpenAI, Anthropic and Meta. Alphabet’s cash-generating advertising business and relatively reasonable valuation provide additional support for the long-term investment case. Google expands Gemini capabilities
• Neutral Sentiment: AI infrastructure demand is a double-edged sword: Alphabet is committing heavily to data centers and reportedly plans roughly $30 billion in compute spending through a SpaceX contract. The investment may support growth but increases capital-expenditure and free-cash-flow pressure. Google SpaceX compute contract
• Negative Sentiment: Litigation headlines are accumulating: Several law firms publicized a securities class action alleging misleading disclosures concerning Gemini 3.5 Pro training results. The announcements are largely duplicative, but they add reputational and potential financial risk; the lead-plaintiff deadline is December 1, 2026. Alphabet securities class action
• Negative Sentiment: Near-term technical and security concerns remain: The recent AI-led market sell-off left Alphabet testing support near its 200-day moving average around $340. Google also warned that suspected China-linked hackers could exploit a BeyondTrust software flaw, creating potential cybersecurity and customer-confidence concerns. Google warning on BeyondTrust flaw

Insider Buying and Selling at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 420,865 shares of company stock valued at $8,293,477 in the last ninety days. Insiders own 11.61% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on GOOGL shares. Wall Street Zen downgraded shares of Alphabet from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Citizens Jmp restated a "market outperform" rating and issued a $515.00 target price on shares of Alphabet in a report on Wednesday, July 22nd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $410.00 target price on shares of Alphabet in a research report on Thursday, September 3rd. Barclays reiterated an "overweight" rating and set a $425.00 price target (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, KeyCorp lifted their price target on shares of Alphabet from $425.00 to $445.00 and gave the stock an "overweight" rating in a research note on Friday, July 10th. Five analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Alphabet has an average rating of "Buy" and an average price target of $425.04.

Alphabet Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.

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