22,738 Alphabet Inc. $GOOG Shares Sold by Sound Income Strategies LLC

Key Points

• Sound Income Strategies LLC reduced its Alphabet stake by 77.6% in the third quarter, selling 22,738 shares and retaining 6,582 shares valued at approximately $2.27 million.
• Other major institutional investors, including BlackRock and State Street, increased their Alphabet holdings; institutional investors collectively own 27.26% of the company.
• Alphabet reported quarterly revenue of $119.8 billion and earnings per share of $9.11, exceeding analyst expectations. Analysts maintain a consensus “Buy” rating with an average price target of $421.95, compared with a recent share price of $347.86.

Sound Income Strategies LLC cut its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 77.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,582 shares of the information services provider's stock after selling 22,738 shares during the quarter. Sound Income Strategies LLC's holdings in Alphabet were worth $2,270,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GOOG. BlackRock Inc. boosted its stake in Alphabet by 1.4% in the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock valued at $130,704,718,000 after purchasing an additional 5,164,200 shares during the period. State Street Corp grew its holdings in Alphabet by 2.8% in the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider's stock valued at $67,458,980,000 after buying an additional 5,208,690 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Alphabet by 2.1% in the 4th quarter. Janus Henderson Group PLC now owns 24,595,622 shares of the information services provider's stock valued at $7,693,281,000 after buying an additional 508,718 shares in the last quarter. Invesco Ltd. increased its position in Alphabet by 2.4% during the 4th quarter. Invesco Ltd. now owns 22,048,456 shares of the information services provider's stock worth $6,918,805,000 after buying an additional 517,108 shares during the period. Finally, Amundi increased its position in Alphabet by 22.9% during the 1st quarter. Amundi now owns 21,922,379 shares of the information services provider's stock worth $6,288,654,000 after buying an additional 4,083,758 shares during the period. Institutional investors own 27.26% of the company's stock.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $347.86 on Friday. The stock has a market capitalization of $4.25 trillion, a PE ratio of 17.47, a P/E/G ratio of 1.01 and a beta of 1.19. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The business has a fifty day moving average price of $342.96 and a two-hundred day moving average price of $346.76. Alphabet Inc. has a fifty-two week low of $236.68 and a fifty-two week high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.87 by $6.24. The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The company's revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.31 EPS. As a group, equities analysts predict that Alphabet Inc. will post 20.54 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were 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 was Friday, September 4th. Alphabet's payout ratio is 4.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GOOG shares. Citigroup reissued a "market outperform" rating on shares of Alphabet in a report on Friday. Canaccord Genuity Group set a $450.00 target price on shares of Alphabet in a research report on Thursday, July 23rd. The Goldman Sachs Group decreased their price target on shares of Alphabet from $440.00 to $435.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. China Renaissance decreased their price target on shares of Alphabet from $485.00 to $445.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Finally, Stifel Nicolaus set a $485.00 price target on shares of Alphabet in a research report on Thursday. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $421.95.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced a Gemini Agent designed to autonomously complete workplace tasks across Gmail, Docs, Sheets, Calendar, Microsoft 365, Salesforce, Jira and other business systems. The product could strengthen Google Cloud and Workspace monetization by giving enterprise customers a reason to increase AI spending. Google brings agentic AI to Gemini, starting with businesses
• Positive Sentiment: Employees are reportedly testing an even more advanced Gemini 4 model, internally codenamed Carbon. While unconfirmed and not yet a commercial launch, the report reinforces expectations that Alphabet remains competitive in the rapidly evolving AI market. Google employees test new Gemini 4 model
• Positive Sentiment: Analysts and financial commentators continue to view Alphabet as attractively valued relative to Microsoft, Amazon, Meta, Apple and Netflix. The company is growing rapidly while trading at a lower earnings multiple, supporting the argument that the stock has room to recover toward prior highs. Is Alphabet stock priced right against its peers?
• Positive Sentiment: Alphabet’s AI infrastructure strategy is expanding through long-term power and data-center investments, including reported Nordic buildouts and nuclear and microgrid arrangements. Securing reliable electricity could help address a major constraint on future AI and cloud capacity.
• Neutral Sentiment: GOOG benefited from broader technology-sector strength, with gains in major holdings helping lift the SPY and QQQ exchange-traded funds. This provides market support but is not a company-specific catalyst.
• Neutral Sentiment: A reported increase in short interest showed zero shares outstanding and a zero-day days-to-cover ratio, an internally inconsistent data point that offers no reliable trading signal.
• Negative Sentiment: Several law firms are promoting a securities class action alleging that Alphabet misled investors about Gemini development and AI issues during the May 19–July 16 class period. The lawsuits could create legal costs and reputational risk, although the announcements themselves do not establish liability. Rosen Alphabet securities class action announcement

Insider Activity at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 transaction of $28,257.35. Following the completion of the transaction, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 441,399 shares of company stock valued at $8,677,053 over the last quarter. 12.99% of the stock is owned by corporate insiders.

Alphabet Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet's chief executive officer and also leads Google.

Google is Alphabet's primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

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