5,755 Alphabet Inc. $GOOG Shares Sold by Legacy Wealth Management LLC MS

Key Points

• Legacy Wealth Management cut its Alphabet stake by 47.2% in the third quarter, selling 5,755 shares and retaining 6,425 shares valued at about $2.19 million.
• Alphabet’s latest quarterly results fell short of expectations: EPS was $2.12 versus a $3.01 consensus, while revenue of $127.58 billion was slightly below forecast despite year-over-year growth of 24.7%.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $413.38; shares opened at $281.74 on Friday, and the company announced a quarterly dividend of $0.22 per share.

Legacy Wealth Management LLC MS lowered its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 47.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,425 shares of the information services provider's stock after selling 5,755 shares during the quarter. Alphabet comprises 0.7% of Legacy Wealth Management LLC MS's portfolio, making the stock its 26th largest position. Legacy Wealth Management LLC MS's holdings in Alphabet were worth $2,189,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of GOOG. Denali Advisors LLC grew its holdings in Alphabet by 14.8% during the 2nd quarter. Denali Advisors LLC now owns 105,988 shares of the information services provider's stock worth $37,449,000 after acquiring an additional 13,700 shares in the last quarter. Heck Capital Advisors LLC increased its position in shares of Alphabet by 298.2% in the 2nd quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider's stock worth $7,854,000 after purchasing an additional 16,647 shares during the last quarter. Montchanin Asset Management LLC bought a new stake in shares of Alphabet in the 1st quarter worth about $7,075,000. NBT Bank N.A. acquired a new stake in shares of Alphabet in the 3rd quarter valued at about $47,537,000. Finally, Sax Wealth Advisors LLC raised its stake in shares of Alphabet by 13.3% in the 2nd quarter. Sax Wealth Advisors LLC now owns 30,489 shares of the information services provider's stock valued at $10,773,000 after purchasing an additional 3,575 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Transactions at Alphabet

In other Alphabet news, 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 value 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 trade 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 at this link. Insiders have sold a total of 247 shares of company stock valued at $79,238 over the last quarter. Company insiders own 12.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GOOG shares. DA Davidson reduced their price target on shares of Alphabet from $375.00 to $350.00 and set a "neutral" rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a report on Thursday, October 15th. Needham & Company LLC restated a "buy" rating on shares of Alphabet in a research note on Tuesday, October 27th. Canaccord Genuity Group set a $450.00 price objective on Alphabet in a research note on Thursday, July 23rd. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $350.00 target price on shares of Alphabet in a report on Thursday, October 29th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $413.38.

Alphabet Stock Down 1.9%

Shares of NASDAQ:GOOG opened at $281.74 on Friday. The stock has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 0.87 and a beta of 1.21. Alphabet Inc. has a 1-year low of $271.41 and a 1-year high of $404.47. The company's fifty day moving average is $330.86 and its two-hundred day moving average is $337.20. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results 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). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The business had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.97 billion. During the same quarter in the previous year, the business posted $2.87 earnings per share. The company's quarterly revenue was up 24.7% compared to the same quarter last year. Equities analysts anticipate that Alphabet Inc. will post 19.80 EPS for the current 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 issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 7th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is currently 4.59%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is backing financing for TeraWulf’s data-center project tied to Anthropic’s long-term leases. The support could help secure infrastructure for AI demand, though it also exposes Google to a contingent commitment if Anthropic defaults. Article: Google's Credit Backstop May Be TeraWulf's Biggest Advantage
• Positive Sentiment: Waymo plans to expand its robotaxi fleet in Nashville by year-end, offering a potential growth signal for Alphabet’s autonomous-driving business. Article: Lyft to expand Waymo robotaxi fleet in Nashville by year-end
• Negative Sentiment: Google, Meta and TikTok sued California’s attorney general to block a law restricting features deemed addictive for under-16 users. The dispute adds regulatory uncertainty and scrutiny of Google’s services for young people. Article: Meta, Google, and TikTok sue California AG over teen social media law
• Negative Sentiment: Parents have sued Google, alleging a student used an AI chat on a school Chromebook while planning a suicide attempt. The claim is unproven, but it could heighten concerns about AI safety, liability and reputational risk. Article: Google faces claims student used AI chat on US school laptop to plan suicide attempt
• Negative Sentiment: Several law firms publicized a securities class action concerning investors who bought Alphabet shares from May 19 to July 16, alleging misleading statements about Gemini 3.5 Pro’s launch timing. The allegations have not been proven, but add legal overhang. Article: Rosen Law Firm investor notice

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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