13,393 Alphabet Inc. $GOOGL Shares Sold by Greenleaf Trust

Key Points

• Greenleaf Trust cut its Alphabet stake by 4.6%, selling 13,393 shares in the third quarter; it still held 278,697 shares worth about $95.9 million.
• Alphabet reported quarterly EPS of $2.12, below the $3.02 consensus estimate, and revenue of $127.58 billion, slightly under expectations. The company also declared a quarterly dividend of $0.22 per share.
• Google introduced two new versions of its eighth-generation AI chips, expanding its challenge to Nvidia. Meanwhile, JPMorgan cited slower AI-search monetization and infrastructure spending as risks but kept its Overweight rating.

Greenleaf Trust trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 278,697 shares of the information services provider's stock after selling 13,393 shares during the quarter. Alphabet accounts for approximately 1.0% of Greenleaf Trust's portfolio, making the stock its 12th biggest position. Greenleaf Trust's holdings in Alphabet were worth $95,894,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp grew its stake in shares of Alphabet by 5.6% during 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 purchasing an additional 12,718,127 shares in the last quarter. Amundi raised its position in shares of Alphabet by 4.6% during the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider's stock worth $11,865,809,000 after acquiring an additional 1,457,371 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Alphabet by 10.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider's stock worth $6,334,186,000 after purchasing an additional 1,631,721 shares during the last quarter. Swiss National Bank lifted its stake in Alphabet by 7.1% during the first quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider's stock worth $4,911,467,000 after purchasing an additional 1,139,400 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings 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 in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Price Performance

Shares of GOOGL opened at $288.15 on Tuesday. The firm has a market cap of $3.52 trillion, a PE ratio of 15.04, a PEG ratio of 0.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. Alphabet Inc. has a twelve month low of $270.70 and a twelve month high of $408.61. The firm's 50 day moving average price is $331.76 and its 200 day moving average price is $338.77.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) 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 business had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.96 billion. As a group, research analysts expect that Alphabet Inc. will post 19.86 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, December 7th. Alphabet's dividend payout ratio (DPR) is 4.59%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced two new versions of its eighth-generation Tensor Processing Units, broadening its AI-chip offerings and sharpening its challenge to Nvidia. Investors may see custom chips as a way to support Google Cloud growth and reduce reliance on outside suppliers. Alphabet stock rises as Google expands AI chip lineup to challenge Nvidia
• Neutral Sentiment: JPMorgan removed Alphabet from its Analyst Focus List but maintained an Overweight rating. The firm cited slower AI-search monetization and substantial infrastructure spending, highlighting execution risks without changing its overall positive rating. JPMorgan Just Removed Alphabet From Its Analyst Focus List
• Negative Sentiment: Federal safety regulators opened a new investigation into Waymo after reports that its robotaxis continued to pass stopped school buses despite a prior software fix. The probe could bring regulatory, reputational or operational costs for Alphabet’s autonomous-driving business. Waymo robotaxis kept illegally passing school buses after software fix, feds say
• Negative Sentiment: Several law firms publicized an existing securities class action concerning Alphabet investors who bought shares from May 19 to July 16, 2026. The lawsuit alleges investors were misled about the Gemini 3.5 Pro launch timeline; the lead-plaintiff deadlines are November 30 or December 1. Repeated notices may add legal overhang, though they are not new court findings. Alphabet Deadline Alert: Levi & Korsinsky Reminds Investors of Securities Class Action Deadline

Insiders Place Their Bets

In related news, Director Frances Arnold sold 83 shares of the firm's stock in a transaction dated 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 owned 19,076 shares of the company's stock, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 247 shares of company stock valued at $79,238. 11.61% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on GOOGL. Zacks Research lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. BMO Capital Markets reissued an "outperform" rating and set a $480.00 price objective (up from $465.00) on shares of Alphabet in a report on Tuesday, October 20th. The Goldman Sachs Group reissued a "buy" rating and issued a $385.00 target price on shares of Alphabet in a report on Thursday, October 29th. JPMorgan Chase & Co. upped their price objective on Alphabet from $420.00 to $425.00 and gave the company an "overweight" rating in a research report on Thursday, October 15th. Finally, Royal Bank Of Canada lowered their price objective on Alphabet from $425.00 to $400.00 and set an "outperform" rating for the company in a research report on Thursday, October 29th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, 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 whose largest business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company reorganized its businesses under the holding-company structure in 2015.

Google's products and services include Search, YouTube, Android, Chrome, Google Maps, Google Play and Google Cloud. The company also generates revenue from digital advertising and offers devices, subscriptions and artificial intelligence products and services.

Alphabet serves consumers, businesses and organizations around the world.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.