Alphabet Inc. $GOOG Stake Decreased by Northeast Investment Management

Key Points

• Northeast Investment Management reduced its Alphabet stake by 4.9% in the third quarter, selling 4,559 shares. It retained 88,483 shares, valued at about $30.15 million.
• Analysts maintain a “Moderate Buy” consensus on Alphabet, with an average price target of $413.38; 41 analysts rate the stock Buy or Strong Buy.
• Alphabet’s latest quarterly results showed revenue up 24.7% year over year to $127.58 billion, but EPS of $2.12 fell short of the $3.01 consensus estimate.

Northeast Investment Management cut its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,483 shares of the information services provider's stock after selling 4,559 shares during the quarter. Alphabet accounts for 1.1% of Northeast Investment Management's portfolio, making the stock its 27th biggest holding. Northeast Investment Management's holdings in Alphabet were worth $30,150,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Chicago Partners Investment Group LLC raised its holdings in Alphabet by 3.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 86,845 shares of the information services provider's stock valued at $27,554,000 after acquiring an additional 2,961 shares in the last quarter. Basso Capital Management L.P. acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $367,000. Attestor Capital Ltd acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $28,673,000. 3Chopt Investment Partners LLC increased its position in shares of Alphabet by 3.5% during the third quarter. 3Chopt Investment Partners LLC now owns 51,178 shares of the information services provider's stock valued at $17,438,000 after purchasing an additional 1,714 shares during the period. Finally, Team Financial Group LLC bought a new stake in shares of Alphabet during the third quarter valued at approximately $60,000. 27.26% of the stock is currently owned by institutional investors.

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 83 shares of the stock in a transaction that occurred 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 sale, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 247 shares of company stock valued at $79,238. 12.99% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several research reports. Susquehanna reaffirmed a "positive" rating and issued a $400.00 target price on shares of Alphabet in a research report on Thursday, October 29th. Scotiabank reissued a "sector outperform" rating and issued a $375.00 price target (down from $450.00) on shares of Alphabet in a report on Thursday, October 29th. Guggenheim restated a "buy" rating and issued a $450.00 price objective on shares of Alphabet in a research note on Thursday, October 29th. Needham & Company LLC reaffirmed a "buy" rating on shares of Alphabet in a report on Tuesday, October 27th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $375.00 target price on shares of Alphabet in a research report on Thursday, October 29th. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $413.38.

Alphabet Price Performance

Shares of NASDAQ GOOG traded up $2.19 during midday trading on Friday, reaching $283.93. 24,574,811 shares of the company traded hands, compared to its average volume of 22,294,856. Alphabet Inc. has a 12 month low of $271.41 and a 12 month high of $404.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. The stock's 50-day simple moving average is $329.78 and its 200-day simple moving average is $337.01. The firm has a market cap of $3.47 trillion, a PE ratio of 14.82, a PEG ratio of 0.84 and a beta of 1.21.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.89). The firm had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.97 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The firm's revenue for the quarter was up 24.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.87 EPS. As a group, equities analysts anticipate that Alphabet Inc. will post 19.80 earnings per share 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 issued a $0.22 dividend. This represents a $0.88 annualized dividend 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%.

More Alphabet News

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 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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