Alphabet Inc. $GOOG Stake Lowered by James Hambro & Partners LLP

Key Points

• James Hambro & Partners LLP reduced its Alphabet stake by 1.8% in the third quarter, selling 11,984 shares. Alphabet remains the fund’s second-largest holding, representing 7.8% of its portfolio and worth approximately $224.4 million.
• Other institutional investors made mixed moves, while hedge funds and institutions collectively own 27.26% of Alphabet. Company insiders also sold shares during the latest quarter, totaling about $7.95 million.
• Alphabet reported strong quarterly results, with revenue up 24.2% year over year and earnings substantially above analyst expectations. Wall Street remains bullish, with a consensus “Buy” rating and an average price target of $421.85, though investors are monitoring AI spending, cloud reliability and legal risks.

James Hambro & Partners LLP cut its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 658,442 shares of the information services provider's stock after selling 11,984 shares during the quarter. Alphabet makes up 7.8% of James Hambro & Partners LLP's portfolio, making the stock its 2nd biggest holding. James Hambro & Partners LLP's holdings in Alphabet were worth $224,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Denali Advisors LLC lifted its holdings in shares of Alphabet by 14.8% during the 2nd quarter. Denali Advisors LLC now owns 105,988 shares of the information services provider's stock valued at $37,449,000 after buying an additional 13,700 shares during the last quarter. Heck Capital Advisors LLC grew its stake in shares of Alphabet by 298.2% in the 2nd quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider's stock valued at $7,854,000 after buying an additional 16,647 shares in the last quarter. Montchanin Asset Management LLC bought a new stake in shares of Alphabet in the 1st quarter valued at approximately $7,075,000. Sax Wealth Advisors LLC increased its holdings in Alphabet by 13.3% in the second 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 last quarter. Finally, TrueMark Investments LLC acquired a new position in Alphabet in the first quarter worth approximately $1,277,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Frances Arnold sold 83 shares of the firm's stock in a transaction that occurred on Wednesday, September 30th. The stock was 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 of the company's stock, valued at approximately $6,494,424.20. This trade 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 link. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 402,479 shares of company stock valued at $7,946,534. Insiders own 12.99% of the company's stock.

Alphabet Price Performance

NASDAQ GOOG opened at $336.40 on Wednesday. Alphabet Inc. has a fifty-two week low of $244.67 and a fifty-two week high of $404.47. The stock's 50-day moving average is $340.64 and its two-hundred day moving average is $350.00. 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 firm has a market cap of $4.11 trillion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 0.99 and a beta of 1.19.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.87 by $6.24. The company had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The business's quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.31 earnings per share. On average, analysts anticipate that Alphabet Inc. will post 20.55 earnings per share for the current fiscal year.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Cloud and AI-chip growth could support an earnings beat. Bank of America expects Alphabet’s third-quarter revenue and adjusted earnings to modestly exceed Wall Street forecasts, citing expanding Google Cloud capacity and strong demand for Alphabet’s custom TPU chips. Analysts remain broadly constructive, with several firms maintaining buy or overweight ratings. Alphabet's Cloud Growth, TPU Sales Could Drive Q3 Upside
• Positive Sentiment: Alphabet is expanding its AI ecosystem. Google released TorchTPU as an open-source PyTorch project, potentially making it easier for developers to use Google’s chips and reducing Nvidia’s software advantage. Google is also bringing a more personalized Gemini assistant to vehicles, which could deepen user engagement and ecosystem adoption. Google has joined Amazon in attacking Nvidia's stronghold
• Positive Sentiment: Waymo provides longer-term growth potential. Alphabet’s autonomous-driving unit plans to launch robotaxi service in Madrid in 2027 and reportedly aims to expand its fleet to 20,000 vehicles by the end of next year. The initiatives offer potential diversification beyond advertising and cloud services. Waymo to launch autonomous ride-hailing in Madrid
• Neutral Sentiment: Alphabet’s valuation continues to attract investors. Commentators describe GOOG as one of the more reasonably valued “Magnificent Seven” stocks, while recent institutional filings show additional purchases by some large funds. These signals may support the shares but are not immediate earnings catalysts. Amazon vs Alphabet
• Negative Sentiment: A Google Cloud outage disrupted U.K. banks and financial applications. Although services were largely restored, the incident highlights reliability and concentration risks as Google Cloud becomes more important to critical infrastructure. Google Cloud services largely back up in UK
• Negative Sentiment: Investors remain concerned about AI capital spending. Expectations for heavier infrastructure investment, potentially weaker free cash flow and pressure on margins could overshadow strong revenue growth ahead of the October 28 earnings report. A broader AI-stock sell-off is adding to the pressure.
• Negative Sentiment: Multiple law firms publicized a securities-fraud class action. The litigation alleges Alphabet misrepresented the timing or progress of its Gemini 3.5 Pro model. The announcements may weigh on sentiment, although the financial impact remains uncertain. Alphabet securities-fraud lawsuit

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GOOG. KeyCorp set a $410.00 price objective on shares of Alphabet in a research report on Monday. Evercore lifted their target price on shares of Alphabet from $420.00 to $450.00 and gave the company an "outperform" rating in a research note on Thursday, September 17th. New Street Research reduced their target price on shares of Alphabet from $455.00 to $405.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Sanford C. Bernstein decreased their target price on shares of Alphabet from $390.00 to $385.00 and set a "market perform" rating for the company in a research report on Thursday, July 23rd. Finally, Citic Securities increased their price target on shares of Alphabet from $430.00 to $434.00 and gave the stock a "buy" rating in a research note on Monday, July 27th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $421.85.

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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