Alphabet Inc. $GOOG Shares Sold by Factory Mutual Insurance Co.

Key Points

• Factory Mutual Insurance Co. trimmed its Alphabet stake by 1.8%, selling 26,525 shares in the third quarter; it still held about 1.47 million shares worth $500.6 million.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $413.38, despite mixed ratings and some target-price cuts.
• Alphabet’s latest quarterly results fell short of estimates: EPS was $2.12 versus $3.01 expected, while revenue of $127.58 billion narrowly missed forecasts but rose 24.7% year over year.

Factory Mutual Insurance Co. decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,469,146 shares of the information services provider's stock after selling 26,525 shares during the period. Alphabet accounts for 4.5% of Factory Mutual Insurance Co.'s portfolio, making the stock its 3rd largest position. Factory Mutual Insurance Co.'s holdings in Alphabet were worth $500,597,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GOOG shares. Oppenheimer restated an "outperform" rating and issued a $400.00 price objective (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. UBS Group reiterated a "reduce" rating on shares of Alphabet in a report on Thursday, October 29th. Morgan Stanley reissued an "overweight" rating and set a $375.00 target price on shares of Alphabet in a research report on Thursday, October 29th. China Renaissance dropped their target price on shares of Alphabet from $485.00 to $445.00 and set a "buy" rating for the company in a research report on Friday, July 24th. Finally, Barclays restated an "overweight" rating 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 assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $413.38.

Alphabet News Summary

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

Alphabet Stock Performance

Alphabet stock opened at $281.74 on Friday. Alphabet Inc. has a 12-month low of $271.41 and a 12-month high of $404.47. The company 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. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69. The firm's fifty day moving average price is $330.86 and its 200 day moving average price is $337.20.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The information services provider reported $2.12 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 analyst estimates of $127.97 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The business's quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.87 EPS. On average, research analysts forecast 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. Stockholders of record on Monday, December 7th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 7th. Alphabet's payout ratio is presently 4.59%.

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 83 shares of the stock in a transaction dated 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 transaction, the director owned 19,076 shares of the company's stock, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold a total of 247 shares of company stock valued at $79,238 in the last 90 days. Insiders own 12.99% of the company's stock.

Alphabet Profile

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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