7,468 Alphabet Inc. $GOOG Shares Sold by Capital Investment Services of America Inc.

Key Points

• Capital Investment Services of America cut its Alphabet position by 4.4%, selling 7,468 shares, but still held 160,433 shares worth about $54.7 million at quarter-end.
• Alphabet’s latest quarterly results missed earnings expectations ($2.12 per share versus $3.01) and slightly missed revenue forecasts, although revenue grew 24.7% year over year.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average $413.38 price target; investors are weighing AI and cloud growth against concerns over Search competition and heavy data-center spending.

Capital Investment Services of America Inc. reduced its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 160,433 shares of the information services provider's stock after selling 7,468 shares during the quarter. Alphabet comprises about 5.2% of Capital Investment Services of America Inc.'s holdings, making the stock its 3rd largest position. Capital Investment Services of America Inc.'s holdings in Alphabet were worth $54,666,000 at the end of the most recent reporting period.

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

Key Stories Impacting Alphabet

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 Stock Up 0.8%

GOOG opened at $283.93 on Friday. The stock's fifty day moving average is $329.78 and its 200-day moving average is $337.01. Alphabet Inc. has a one year low of $271.41 and a one year high of $404.47. The company has a market capitalization of $3.47 trillion, a PE ratio of 14.82, a P/E/G ratio of 0.84 and a beta of 1.21. 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 issued its quarterly earnings results on Thursday, October 29th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate 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 last year, the firm posted $2.87 earnings per share. Alphabet's revenue was up 24.7% compared to the same quarter last year. On average, equities analysts predict that Alphabet Inc. will post 19.80 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 83 shares of the 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 sale, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 247 shares of company stock valued at $79,238 in the last quarter. Insiders own 12.99% of the company's stock.

Analyst Ratings Changes

GOOG has been the topic of several research reports. Barclays restated an "overweight" rating on shares of Alphabet in a research note on Thursday, October 29th. BMO Capital Markets set a $425.00 price target on Alphabet in a research report on Thursday, October 29th. KeyCorp reiterated an "overweight" rating and set a $385.00 price target on shares of Alphabet in a research report on Thursday, October 29th. Freedom Capital raised Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lowered their price target on Alphabet from $425.00 to $375.00 and set an "overweight" rating on the stock in a report on Thursday, October 29th. Six 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 given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $413.38.

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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