8,111 Alphabet Inc. $GOOGL Shares Sold by Perpetual Ltd

Key Points

• Perpetual Ltd reduced its Alphabet stake by 3.0%, selling 8,111 shares and retaining 265,125 shares valued at approximately $91.2 million. Institutional investors and hedge funds collectively own 40.03% of Alphabet.
• Alphabet reported strong quarterly results, with EPS of $9.11 versus a $2.89 consensus estimate and revenue of $119.8 billion, ahead of expectations. Google Cloud and AI investments remain major growth drivers, though the company faces legal-action risks related to alleged disclosures about Gemini development.
• Wall Street remains broadly bullish: Alphabet has an average “Buy” rating and a consensus price target of $425.72, compared with a recent share price of $352.72. Analysts cited in the report set targets ranging from $420 to $485.

Perpetual Ltd lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 265,125 shares of the information services provider's stock after selling 8,111 shares during the period. Alphabet comprises about 1.4% of Perpetual Ltd's portfolio, making the stock its 23rd largest holding. Perpetual Ltd's holdings in Alphabet were worth $91,224,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Strategic Wealth Advisors LLC grew its holdings in Alphabet by 6.0% during the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock worth $137,000 after acquiring an additional 27 shares during the period. Rockbridge Investment Management LCC lifted its holdings in Alphabet by 0.5% in the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider's stock valued at $1,570,000 after acquiring an additional 27 shares during the period. Ruggaard & Associates LLC lifted its holdings in Alphabet by 0.9% in the first quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider's stock valued at $840,000 after acquiring an additional 27 shares during the period. Cadia Private Client LLC boosted its position in Alphabet by 1.1% in the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock worth $744,000 after purchasing an additional 28 shares in the last quarter. Finally, Evansbrook LLC grew its stake in shares of Alphabet by 0.3% during the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock worth $2,738,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $352.72 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The business's 50 day moving average price is $345.48 and its 200-day moving average price is $349.96. The firm has a market capitalization of $4.31 trillion, a PE ratio of 17.72, a P/E/G ratio of 1.02 and a beta of 1.21. Alphabet Inc. has a 1 year low of $239.71 and a 1 year high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The firm had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. As a group, equities research analysts expect that Alphabet Inc. will post 20.54 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet's payout ratio is 4.42%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analyst support: Cantor Fitzgerald reaffirmed its “Overweight” rating and set a $420 price target, implying substantial upside from recent levels. Cantor Fitzgerald Reaffirms Overweight Rating for Alphabet
• Positive Sentiment: Cloud and AI momentum: Google Cloud reportedly produced $24.8 billion in second-quarter revenue, with operating income more than tripling year over year. Its $514 billion backlog—much of which could be recognized within 24 months—supports the case that Alphabet’s heavy AI infrastructure spending can generate significant future revenue. Alphabet’s Google Cloud Is Surging
• Positive Sentiment: Power for AI expansion: Google’s reported 3.59-gigawatt nuclear power agreement with Constellation could provide reliable electricity for data centers and reinforce Alphabet’s long-term AI capacity strategy. Nuclear ETFs in Spotlight as Google and Constellation Sign Deal
• Positive Sentiment: New growth initiatives: The Fitbit Edge launch and a Function Health partnership expand Google’s subscription-oriented digital-health ecosystem, while Waymo’s rising autonomous-ride volume provides additional long-term optionality. Google Comes for Apple’s Health Data Advantage
• Neutral Sentiment: Investor articles continue to favor Alphabet over peers such as Meta and Amazon based on its search dominance, cloud growth and AI backlog, though these are opinion-based assessments rather than new company guidance. Alphabet vs. Meta Platforms
• Negative Sentiment: Legal overhang: Several law firms publicized an existing securities class action covering investors who purchased Alphabet shares from May 19 through July 16, 2026. The case alleges investors were misled about Gemini 3.5 Pro’s development delays and training-data setbacks; the allegations have not been proven. Lead-plaintiff deadlines are in late November or December. Levi and Korsinsky Alphabet Class Action Notice

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 83 shares of the company's stock in a transaction on Wednesday, September 30th. The shares were 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 of the company's stock, valued at $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The SEC filing for this sale provides additional information. Insiders sold 441,399 shares of company stock valued at $8,677,053 over the last 90 days. 11.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GOOGL has been the subject of several recent research reports. Tigress Financial reaffirmed a "strong-buy" rating and set a $485.00 target price (up from $415.00) on shares of Alphabet in a report on Thursday, September 17th. Needham & Company LLC reissued a "buy" rating and set a $450.00 price target on shares of Alphabet in a report on Thursday, October 8th. Barclays restated an "overweight" rating and set a $425.00 price target (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. DZ Bank raised shares of Alphabet to a "strong-buy" rating in a report on Thursday, July 23rd. Finally, Zacks Research downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Five analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Alphabet presently has an average rating of "Buy" and an average target price of $425.72.

Alphabet Company Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.

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