4,988 Alphabet Inc. $GOOG Shares Sold by Spartan Planning & Wealth Management

Key Points

• Spartan Planning & Wealth Management reduced its Alphabet stake by 54.9% in the third quarter, selling 4,988 shares and retaining 4,090 shares valued at approximately $1.394 million.
• Institutional investors own 27.26% of Alphabet, while insiders sold 441,399 shares worth $8.68 million over the past quarter.
• Analysts remain broadly bullish, with 35 Buy and six Strong Buy ratings; the stock has an average price target of $421.95 versus its recent price of $349.52.

Spartan Planning & Wealth Management cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 54.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,090 shares of the information services provider's stock after selling 4,988 shares during the quarter. Alphabet accounts for about 0.9% of Spartan Planning & Wealth Management's holdings, making the stock its 25th biggest holding. Spartan Planning & Wealth Management's holdings in Alphabet were worth $1,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. increased its stake in Alphabet by 1.4% in the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock valued at $130,704,718,000 after acquiring an additional 5,164,200 shares during the last quarter. State Street Corp lifted its stake in Alphabet by 2.8% during the second quarter. State Street Corp now owns 190,923,442 shares of the information services provider's stock worth $67,458,980,000 after purchasing an additional 5,208,690 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Alphabet by 2.1% during the fourth quarter. Janus Henderson Group PLC now owns 24,595,622 shares of the information services provider's stock worth $7,693,281,000 after purchasing an additional 508,718 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Alphabet by 2.4% in the 4th quarter. Invesco Ltd. now owns 22,048,456 shares of the information services provider's stock worth $6,918,805,000 after purchasing an additional 517,108 shares in the last quarter. Finally, Amundi boosted its holdings in shares of Alphabet by 22.9% in 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. Hedge funds and other institutional investors own 27.26% of the company's stock.

Insider Activity at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the director owned 19,076 shares of the company's stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 441,399 shares of company stock worth $8,677,053 over the last quarter. Corporate insiders own 12.99% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Raymond James Financial reiterated a "strong-buy" rating on shares of Alphabet in a research report on Thursday, July 23rd. Rosenblatt Securities assumed coverage on Alphabet in a research report on Thursday, August 20th. They issued a "buy" rating for the company. TD Cowen restated a "buy" rating and issued a $485.00 target price (up from $475.00) on shares of Alphabet in a research report on Thursday, October 8th. Roth Capital upped their target price on Alphabet from $435.00 to $440.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Finally, Evercore increased their price target on shares of Alphabet from $420.00 to $450.00 and gave the company an "outperform" rating in a research report on Thursday, September 17th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $421.95.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google launched Gemini 4 Argon for developers, businesses and paying users. The model is being marketed as particularly strong in coding and finance and legal knowledge work, potentially improving Alphabet’s competitive position in generative AI. Google launches flagship AI model Gemini 4 Argon for developers, businesses
• Positive Sentiment: An analyst said Alphabet’s internally developed AI chips could generate as much as $100 billion in value by 2028, while investors also remain focused on Google Cloud growth and rising AI demand. BNP Paribas reportedly raised its price target, adding to the bullish tone. Alphabet Could Unlock $100 Billion From AI Chips by 2028, Analyst Says
• Positive Sentiment: Alphabet and Unity announced Unity Spark, an AI-powered game-creation platform that will let users build games with natural-language prompts. The partnership could broaden Alphabet’s AI distribution and user reach. Alphabet backs AI game creation platform
• Neutral Sentiment: Alphabet’s Chrome security program awarded XBOW $250,000 for identifying a major exploit. The recognition supports Google’s security efforts but is unlikely to materially affect near-term financial results. XBOW Rewarded for Exploit Affecting a Billion Users
• Negative Sentiment: Several law firms publicized a securities class action alleging Alphabet misrepresented development progress for Gemini 3.5 Pro, including training setbacks and a missed launch timetable. The case covers purchases from May 19 through July 16, 2026, with lead-plaintiff deadlines around December 1. Although the announcements largely repeat existing claims, they reinforce legal and reputational overhang. Alphabet AI issues and securities fraud class action
• Negative Sentiment: Apple introduced HomeView and a more personalized Siri for smart homes, increasing competitive pressure on Google’s smart-home and AI ecosystems. Investors also remain sensitive to Alphabet’s substantial AI data-center spending and the gap between operating cash flow and free cash flow. Apple's HomeView takes on Amazon and Google

Alphabet Trading Up 0.2%

Shares of GOOG stock traded up $0.55 during trading hours on Tuesday, reaching $349.52. The company's stock had a trading volume of 14,406,512 shares, compared to its average volume of 20,307,688. The stock has a market capitalization of $4.27 trillion, a P/E ratio of 17.56, a P/E/G ratio of 1.01 and a beta of 1.19. Alphabet Inc. has a one year low of $241.18 and a one year high of $404.47. The firm's fifty day simple moving average is $341.98 and its 200 day simple moving average is $347.94. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $6.24. The firm had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The business's revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.31 earnings per share. Equities research analysts expect that Alphabet Inc. will post 20.54 EPS for the current 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 issued a $0.22 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's payout ratio is 4.42%.

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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