38,771 Alphabet Inc. $GOOG Shares Sold by Allen Investment Management LLC

Key Points

• Allen Investment Management cut its Alphabet stake by 3.0%, selling 38,771 shares, but still held 1.26 million shares worth about $427.7 million at quarter-end.
• Alphabet’s latest quarter missed EPS estimates ($2.12 versus $3.01) and slightly missed revenue expectations, although revenue grew 24.7% year over year.
• Analyst sentiment remains positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $413.38.

Allen Investment Management LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,255,082 shares of the information services provider's stock after selling 38,771 shares during the period. Alphabet makes up 4.8% of Allen Investment Management LLC's investment portfolio, making the stock its 4th biggest holding. Allen Investment Management LLC's holdings in Alphabet were worth $427,657,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Morton Brown Family Wealth LLC lifted its stake in Alphabet by 135.5% in the 3rd quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider's stock worth $25,000 after purchasing an additional 42 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of Alphabet during the 2nd quarter valued at $29,000. Livelsberger Financial Advisory purchased a new position in shares of Alphabet during the 3rd quarter valued at $37,000. Toth Financial Advisory Corp bought a new position in shares of Alphabet in the second quarter worth $41,000. Finally, Timbuktu Capital Management LLC bought a new position in shares of Alphabet in the second quarter worth $46,000. Institutional investors own 27.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Alphabet in a research report on Thursday, October 15th. Needham & Company LLC reissued a "buy" rating on shares of Alphabet in a research note on Tuesday, October 27th. Jefferies Financial Group restated a "buy" rating on shares of Alphabet in a research report on Monday, August 3rd. Piper Sandler restated an "overweight" rating and issued a $345.00 target price on shares of Alphabet in a research note on Thursday, October 29th. Finally, Royal Bank Of Canada reaffirmed a "buy" rating and issued a $475.00 price target on shares of Alphabet in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus target price of $413.38.

Alphabet Price Performance

GOOG opened at $283.93 on Monday. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. The business's fifty day simple moving average is $329.78 and its 200 day simple moving average is $337.01. Alphabet Inc. has a 52 week low of $271.41 and a 52 week high of $404.47. The stock has a market cap of $3.49 trillion, a PE ratio of 14.82, a P/E/G ratio of 0.86 and a beta of 1.21.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.01 by ($0.89). The firm had revenue of $127.58 billion during the quarter, compared to analysts' expectations of $127.97 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. Alphabet's revenue for the quarter was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.87 earnings per share. As a group, research analysts expect that Alphabet Inc. will post 19.80 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 83 shares of the company's stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 247 shares of company stock valued at $79,238. Insiders own 12.99% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google’s Cloud, Gemini, advertising and streaming businesses are showing improving demand, according to market commentary. Reports also cite more than 1 billion Gemini app users and rapid Google Cloud growth, supporting the case that AI can create revenue beyond traditional Search. Article: GOOGL Cloud Momentum Clashes with Google Search Concerns
• Positive Sentiment: Alphabet disclosed a roughly $548 million Qualcomm stake, which could strengthen its AI data-center supply and technology relationships. Article: Alphabet discloses $548 million worth of Qualcomm stake
• Neutral Sentiment: Google acquired Crusoe’s planned Wyoming data-center site as part of a reported $17 billion expansion, with a pledge to cover the facility’s power costs. More capacity could support AI and cloud growth, while the scale of investment and energy needs add to concerns about spending and infrastructure constraints. Article: Google acquires Wyoming data center site from AI infrastructure firm Crusoe
• Neutral Sentiment: Alphabet’s Wing plans to invest up to $125 million in a Texas manufacturing facility, expanding its drone-delivery capacity. It offers longer-term growth potential but is a relatively small, multi-year investment compared with Alphabet’s core businesses. Article: Alphabet's Drone Unit to Invest Up to $125 Million in New Texas Facility
• Negative Sentiment: Investors continue to question whether AI assistants could weaken Search growth and how effectively Alphabet can monetize AI search. Heavy data-center spending also raises concerns about cash flow, electricity availability and potential regulation. Article: Are the Fears Around Alphabet’s Search Slowdown Warranted?
• Negative Sentiment: Several law firms publicized an existing securities class action alleging investor harm during May–July 2026; the claims remain allegations, but the publicity may add a legal overhang. Separately, parents’ claims over an AI chatbot’s alleged role in a student’s suicide attempt raise potential safety and reputational concerns. Article: Google faces claims student used AI chat on US school laptop to plan suicide attempt

Alphabet Profile

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer.

Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.

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