Alphabet Inc. $GOOG Shares Sold by Smith Chas P & Associates PA Cpas

Key Points

• Smith Chas P & Associates PA Cpas cut its Alphabet stake by 10.4% in the third quarter, selling 35,255 shares and retaining 303,234 shares worth approximately $102.2 million.
• Alphabet shares opened at $317.28, below their 50-day and 200-day moving averages. Institutional investors own 27.26% of the stock, while insiders have sold 118,834 shares over the past 90 days.
• Analysts remain broadly bullish, with a consensus “Buy” rating and a $421.85 price target, though concerns persist around AI execution, heavy capital spending, and related litigation risks.

Smith Chas P & Associates PA Cpas lowered its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 10.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 303,234 shares of the information services provider's stock after selling 35,255 shares during the period. Alphabet accounts for about 5.1% of Smith Chas P & Associates PA Cpas' holdings, making the stock its 2nd largest holding. Smith Chas P & Associates PA Cpas' holdings in Alphabet were worth $102,163,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. McCarley & Cook Financial Planners increased its holdings in Alphabet by 5.8% in the 3rd quarter. McCarley & Cook Financial Planners now owns 2,279 shares of the information services provider's stock worth $777,000 after acquiring an additional 124 shares in the last quarter. Cypress Wealth Services LLC lifted its holdings in Alphabet by 2.5% during the third quarter. Cypress Wealth Services LLC now owns 22,299 shares of the information services provider's stock valued at $7,684,000 after purchasing an additional 548 shares in the last quarter. Woodward Diversified Capital LLC boosted its position in shares of Alphabet by 0.7% in the third quarter. Woodward Diversified Capital LLC now owns 8,463 shares of the information services provider's stock worth $2,884,000 after purchasing an additional 56 shares during the period. Oakmont Investment Advisors Inc. boosted its position in shares of Alphabet by 0.4% in the third quarter. Oakmont Investment Advisors Inc. now owns 8,358 shares of the information services provider's stock worth $2,848,000 after purchasing an additional 35 shares during the period. Finally, Foster Victor Wealth Advisors LLC increased its stake in shares of Alphabet by 3.7% in the third quarter. Foster Victor Wealth Advisors LLC now owns 10,516 shares of the information services provider's stock worth $3,577,000 after purchasing an additional 372 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Stock Performance

GOOG opened at $317.28 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The stock's 50 day moving average price is $339.42 and its 200-day moving average price is $350.58. Alphabet Inc. has a one year low of $256.10 and a one year high of $404.47. The stock has a market cap of $3.88 trillion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 0.91 and a beta of 1.19.

Insider Activity

In other news, Director Frances Arnold sold 83 shares of the company'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 directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer owned 27,386 shares of the company's stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 118,834 shares of company stock valued at $2,465,703. 12.99% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on GOOG shares. Piper Sandler lifted their target price on Alphabet from $395.00 to $400.00 and gave the company an "overweight" rating in a research note on Monday, September 28th. HSBC set a $515.00 price objective on shares of Alphabet in a report on Friday, August 14th. Zacks Research lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. TD Cowen reaffirmed a "buy" rating and set a $485.00 target price (up from $475.00) on shares of Alphabet in a research note on Thursday, October 8th. Finally, Tigress Financial boosted their price target on shares of Alphabet from $415.00 to $485.00 and gave the stock a "strong-buy" rating in a research note on Friday, September 18th. Six analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $421.85.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI and cloud growth remain key positives. Analysts highlight accelerating Google Cloud growth, expanding operating margins, rising subscriptions and Alphabet’s distribution advantage for Gemini. Google Cloud also announced general availability of an Anthropic-managed deployment option for Claude models, potentially broadening enterprise AI adoption. Alphabet: Gemini 4 Argon Is Coming For ChatGPT's Lunch
• Positive Sentiment: Several longer-term growth opportunities support the stock. Articles point to Alphabet’s proprietary AI chips, which could become a major business, as well as a reported quantum-computing error-reduction breakthrough. Analysts also raised an Alphabet FY2027 EPS estimate modestly, reinforcing the view that earnings potential remains strong. Google's AI chip could become a $75 billion business
• Neutral Sentiment: Q3 earnings are the next major catalyst. Preview articles expect investors to focus on advertising, Google Cloud growth, AI adoption, capital expenditures and margins. Results could determine whether Alphabet’s heavy AI investment is viewed as generating sufficient returns. Alphabet's Q3 Could Change the Narrative on Its AI Spending
• Negative Sentiment: AI execution concerns are the primary negative catalyst. Reports allege that Gemini 3.5 Pro was delayed or behind schedule and that investors were not adequately informed about development setbacks. The allegations contributed to a sharp prior sell-off and have prompted multiple securities-fraud class-action notices. Google Investor Alert: Alphabet Inc. Securities Class Action Notice
• Negative Sentiment: Litigation headlines add reputational and financial uncertainty. Several law firms are seeking lead plaintiffs for lawsuits covering investors who purchased Alphabet securities between May 19 and July 16, 2026, with deadlines around November 30 or December 1. The notices largely repeat the same allegations, so they may amplify sentiment risk more than they introduce new information. Kaplan Fox Alphabet Class Action Notice
• Negative Sentiment: Investors remain concerned about AI capital intensity. Large compute commitments, data-center spending and higher interest rates are raising questions about whether future returns will justify the investment. Broader AI-stock selling and ETF net selling have added pressure to Alphabet’s valuation. Google Is Paying SpaceX $11 Billion a Year for Compute

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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