1,997 Alphabet Inc. $GOOGL Shares Sold by North Point Portfolio Managers Corp OH

Key Points

• North Point Portfolio Managers reduced its Alphabet stake by 2.6%, selling 1,997 shares in the third quarter. It still held 73,928 shares worth approximately $25.4 million, representing 4.7% of its portfolio.
• Alphabet reported stronger-than-expected quarterly results, with $9.11 in EPS and $119.8 billion in revenue. Analysts maintain a consensus “Buy” rating with an average price target of $425.72, above the reported share price of $347.18.
• Alphabet is expanding its AI infrastructure and products through a Google-Unity game-creation platform and nuclear-power agreements, but faces risks from data-center delays in Finland and ongoing litigation and regulatory claims.

North Point Portfolio Managers Corp OH lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,928 shares of the information services provider's stock after selling 1,997 shares during the period. Alphabet comprises 4.7% of North Point Portfolio Managers Corp OH's portfolio, making the stock its 3rd largest holding. North Point Portfolio Managers Corp OH's holdings in Alphabet were worth $25,437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet during the 4th quarter valued at about $32,000. EMC Capital Management acquired a new stake in Alphabet during the fourth quarter valued at approximately $33,000. Core Capital Management & Research inc. acquired a new stake in Alphabet during the second quarter valued at approximately $41,000. Premier Financial Group bought a new stake in shares of Alphabet in the 2nd quarter valued at approximately $45,000. Finally, Bard Associates Inc. acquired a new position in shares of Alphabet in the 4th quarter worth approximately $52,000. Institutional investors own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 83 shares of the company's stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the transaction, the director 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the transaction, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 441,399 shares of company stock worth $8,677,053. Insiders own 11.61% of the company's stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google and Unity Software launched an AI-powered game-creation platform that converts natural-language prompts into playable games. The initiative could expand Google’s role in generative AI and attract creators who might otherwise use Roblox, although it also increases competitive pressure in gaming. Alphabet's Google, Unity Software Launch Playground for Creators to Develop Games Using Prompts
• Positive Sentiment: Google signed long-term nuclear-power agreements with Constellation Energy covering approximately 3,590 megawatts, including 890 megawatts of additional capacity. Securing reliable electricity supports the expansion of AI data centers and signals that Alphabet is addressing power constraints with multi-decade supply commitments. Google Signs Nuclear Deal With Constellation Energy
• Positive Sentiment: Analyst commentary remains constructive: Alphabet’s roughly 17-times earnings valuation, approximately 55% net margin, resilient Search advertising and reported 82% Google Cloud growth are viewed as support for a potential technical breakout. The average analyst target cited is about $426, implying meaningful upside if growth continues. Alphabet’s Chart Is Coiling—and the Fundamentals May Be Ready to Back It Up
• Neutral Sentiment: Google launched SynthID, a public website for identifying AI-generated images, video and audio. The tool may strengthen Alphabet’s AI-trust and safety credentials, but its direct financial impact is currently unclear. Google's new SynthID website can identify AI-generated media
• Negative Sentiment: Finland ordered Google to halt construction on two data centers until environmental-impact assessments are completed. The delay could increase project costs or postpone AI capacity additions, though Alphabet said it recognizes the concerns and is addressing them. Google ordered to halt work on two data centers in Finland
• Negative Sentiment: Multiple law firms publicized a securities class action alleging Alphabet misrepresented progress on its Gemini 3.5 Pro model after a prior stock decline. Separate reports cite a U.K. Play Store-fee action and a potential $3.2 billion ad-tech damages claim. These remain allegations, but they add litigation and regulatory uncertainty.

Alphabet Price Performance

Shares of NASDAQ GOOGL traded down $0.50 during trading on Wednesday, reaching $347.18. The company had a trading volume of 9,621,167 shares, compared to its average volume of 30,748,262. Alphabet Inc. has a 52 week low of $235.84 and a 52 week high of $408.61. The stock has a market cap of $4.25 trillion, a PE ratio of 17.43, a PEG ratio of 1.00 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The business's 50 day moving average price is $345.42 and its 200-day moving average price is $348.53.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its 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. The company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Analysts expect that Alphabet Inc. will post 20.55 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet's dividend payout ratio (DPR) is presently 4.42%.

Analyst Ratings Changes

GOOGL has been the topic of a number of analyst reports. KeyCorp upped their price target on Alphabet from $425.00 to $445.00 and gave the company an "overweight" rating in a research report on Friday, July 10th. Piper Sandler boosted their target price on shares of Alphabet from $395.00 to $400.00 and gave the company an "overweight" rating in a research note on Monday, September 28th. Rosenblatt Securities reiterated a "buy" rating and set a $410.00 target price on shares of Alphabet in a research report on Thursday, September 3rd. Phillip Securities raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 27th. Finally, Evercore reaffirmed an "outperform" rating and set a $450.00 price objective on shares of Alphabet in a report on Wednesday, September 16th. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Alphabet currently has an average rating of "Buy" and a consensus target price of $425.72.

About Alphabet

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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