Alphabet Inc. $GOOG Stock: Greenleaf Trust Reduces Stake

Key Points

• Greenleaf Trust cut its Alphabet stake by 4.1% in the third quarter, selling 12,088 shares and retaining 280,706 shares valued at about $95.6 million. Institutional investors and hedge funds collectively own 27.26% of the stock.
• Alphabet’s latest quarter missed earnings expectations: EPS was $2.12 versus analysts’ $3.01 consensus, and revenue was slightly below estimates at $127.58 billion, though revenue rose 24.7% year over year.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average $413.38 price target. Shares also carry a quarterly dividend of $0.22, equivalent to a 0.3% yield.

Greenleaf Trust lessened its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 280,706 shares of the information services provider's stock after selling 12,088 shares during the quarter. Alphabet comprises about 1.0% of Greenleaf Trust's investment portfolio, making the stock its 13th biggest position. Greenleaf Trust's holdings in Alphabet were worth $95,648,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Morton Brown Family Wealth LLC increased its stake in shares of Alphabet by 135.5% in the third quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider's stock worth $25,000 after purchasing an additional 42 shares during the period. Castlekeep Investment Advisors LLC bought a new position in Alphabet in the 2nd quarter worth approximately $29,000. Livelsberger Financial Advisory bought a new position in Alphabet in the 3rd quarter worth approximately $37,000. Timbuktu Capital Management LLC bought a new stake in shares of Alphabet in the second quarter valued at approximately $46,000. Finally, Robinswood Financial LLC bought a new stake in shares of Alphabet in the first quarter valued at approximately $57,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Sanford C. Bernstein restated a "market perform" rating and issued a $325.00 price objective on shares of Alphabet in a research note on Thursday, October 29th. Raymond James Financial reiterated a "strong-buy" rating and set a $350.00 target price on shares of Alphabet in a research note on Thursday, October 29th. DA Davidson reduced their price target on shares of Alphabet from $375.00 to $350.00 and set a "neutral" rating for the company in a report on Thursday, July 23rd. Tigress Financial raised their price target on shares of Alphabet from $415.00 to $485.00 and gave the stock a "strong-buy" rating in a research report on Friday, September 18th. Finally, New Street Research decreased their price target on shares of Alphabet from $455.00 to $405.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $413.38.

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 83 shares of the business's stock in a transaction 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 sale, the director owned 19,076 shares of the company's stock, valued at $6,494,424.20. The trade was a 0.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 247 shares of company stock worth $79,238. 12.99% of the stock is owned by company insiders.

Alphabet Price Performance

Shares of Alphabet stock opened at $278.27 on Wednesday. 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 firm's 50-day simple moving average is $333.13 and its 200-day simple moving average is $337.67. Alphabet Inc. has a twelve month low of $271.41 and a twelve month high of $404.47. The firm has a market cap of $3.40 trillion, a P/E ratio of 14.52, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts' consensus estimates of $3.01 by ($0.89). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.97 billion. During the same period in the previous year, the firm earned $2.87 EPS. The business's revenue was up 24.7% compared to the same quarter last year. As a group, research analysts expect that Alphabet Inc. will post 19.80 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet's dividend payout ratio (DPR) is 4.59%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to about $30.7 billion, and the company has a substantial backlog. A report that OpenAI is interested in buying Google’s AI chips could also help Alphabet monetize its infrastructure investment. OpenAI Wants to Buy Google AI Chips
• Positive Sentiment: Alphabet is reportedly in preliminary discussions related to the U.S. Defense Department’s Golden Dome initiative. A contract could diversify revenue and help generate returns on its AI infrastructure, though no agreement is confirmed. Alphabet’s Golden Dome Talks Could Open a New Market
• Neutral Sentiment: Google says it will make AI tools opt-in for K–12 accounts, but the changes have drawn political criticism after reports that schools restricting AI could also lose Search by default. The controversy may create reputational risk, while the effect on revenue is unclear. Google responds to political backlash over removing search from schools
• Negative Sentiment: The latest quarter’s $2.12 per-share earnings missed analyst expectations, while aggressive AI investment pushed free cash flow into negative territory. Investors are also weighing expectations for higher capital spending, which could pressure cash flow further before the investments pay off. Alphabet's Free Cash Flow Just Turned Negative
• Negative Sentiment: Several law firms publicized an existing securities class action concerning alleged disclosures about Gemini 3.5 Pro’s training results. The announcements add legal and headline risk, but are not findings of wrongdoing. Alphabet securities class action deadline notice

About Alphabet

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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