29,474 Alphabet Inc. $GOOG Shares Sold by International Assets Investment Management LLC

Key Points

• International Assets Investment Management cut its Alphabet position by 54.7%, selling 29,474 shares in the third quarter and retaining 24,444 shares valued at approximately $8.3 million.
• Alphabet received mostly positive analyst coverage, with a MarketBeat consensus rating of “Moderate Buy” and an average price target of $413.38, although Citigroup downgraded the stock to “market perform.”
• The stock faces competing forces: cloud and AI demand are driving growth, but heavy infrastructure spending contributed to an earnings miss and approximately $9.1 billion in negative free cash flow for a second consecutive quarter.

International Assets Investment Management LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 54.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,444 shares of the information services provider's stock after selling 29,474 shares during the period. International Assets Investment Management LLC's holdings in Alphabet were worth $8,329,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Readystate Asset Management LP bought a new position in Alphabet during the 2nd quarter worth $45,352,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Alphabet by 76.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 14,581,870 shares of the information services provider's stock valued at $4,182,952,000 after acquiring an additional 6,300,900 shares during the period. State Street Corp lifted its position in shares of Alphabet by 2.8% during 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 acquiring an additional 5,208,690 shares during the period. BlackRock Inc. grew its holdings in shares of Alphabet by 1.4% during the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock worth $130,704,718,000 after purchasing an additional 5,164,200 shares in the last quarter. Finally, Amundi grew its holdings in shares of 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 purchasing an additional 4,083,758 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on GOOG. Citigroup cut Alphabet from a "market outperform" rating to a "market perform" rating in a research report on Thursday. Bank of America reaffirmed a "buy" rating on shares of Alphabet in a research report on Thursday. Rosenblatt Securities started coverage on shares of Alphabet in a research note on Thursday, August 20th. They set a "buy" rating on the stock. China Renaissance reduced their price objective 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, Pivotal Research reissued a "buy" rating and issued a $475.00 target price on shares of Alphabet in a report on Thursday. Six research 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 issued a Sell rating to the company's stock. According to MarketBeat, Alphabet has an average rating of "Moderate Buy" and an average price target of $413.38.

Alphabet Price Performance

Alphabet stock opened at $278.04 on Tuesday. 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 Inc. has a 52 week low of $271.41 and a 52 week high of $404.47. The stock has a market capitalization of $3.40 trillion, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The stock has a fifty day moving average of $334.45 and a 200-day moving average of $337.96.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.89). The business had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 46.63%. The business's quarterly revenue was up 24.7% compared to the same quarter last year. During the same period last year, the business earned $2.87 earnings per share. On average, sell-side analysts expect that Alphabet Inc. will post 19.99 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud and AI demand remain major growth drivers. Google Cloud revenue reportedly nearly doubled year over year to approximately $30.7 billion, while its backlog reached about $561 billion. Analysts also point to accelerating cloud usage, potential external TPU sales and future Gemini monetization as evidence that Alphabet’s AI investments could create new revenue streams. Alphabet: Cloud Acceleration And TPU Sales Hedge Against Search Cannibalization
• Positive Sentiment: Alphabet is raising capital to fund infrastructure expansion. The company launched a roughly €6 billion ($6.7 billion) European bond offering, reportedly attracting orders well above the amount offered. Strong demand from debt investors may signal confidence in Alphabet’s balance sheet and long-term AI strategy, although it also confirms that the build-out will require substantial financing. Alphabet kicks off €6 billion bond sale
• Positive Sentiment: Some investors view the sell-off as a valuation opportunity. At roughly 14.5 times earnings, Alphabet is considered inexpensive relative to its historical valuation by several commentators, who believe cloud growth and AI infrastructure demand can eventually offset pressure on traditional search. Preliminary discussions involving Alphabet-related technology and a potential U.S. defense initiative could provide another long-term enterprise revenue channel, but no final contract has been announced. Alphabet Plummets After Earnings
• Neutral Sentiment: Investor attention is increasingly focused on Alphabet’s changing business mix. Search now accounts for less than half of revenue, while cloud and other businesses are expanding. This diversification could reduce dependence on advertising over time, but investors still need evidence that newer AI products can achieve the margins and monetization rates of traditional search. What’s Going on with Alphabet Stock?
• Negative Sentiment: High AI spending is creating immediate financial pressure. Alphabet missed quarterly EPS expectations, search growth slowed to roughly 12%, and capital spending pushed free cash flow negative by approximately $9.1 billion for a second consecutive quarter. Investors fear AI-generated answers may produce less advertising revenue than conventional search while requiring billions in additional data-center investment. Alphabet’s Google spending derails major shareholder perk
• Negative Sentiment: Multiple securities-law firms are publicizing a shareholder class action. The lawsuit concerns investors who purchased Alphabet securities between May 19 and July 16, 2026, with lead-plaintiff deadlines in late November or December. The notices are primarily legal solicitations, but they add reputational and headline risk. Rosen Alphabet securities class action notice

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 83 shares of the 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 completion of the transaction, the director owned 19,076 shares of the company's stock, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 247 shares of company stock valued at $79,238 over the last three months. 12.99% of the stock is currently owned by corporate insiders.

About Alphabet

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google's principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.

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