Alphabet Inc. $GOOG Stock Position Cut by Sustainable Growth Advisers LP

Key Points

• Sustainable Growth Advisers LP reduced its Alphabet position by 1.2%, selling 25,574 shares and retaining 2.1 million shares worth approximately $717 million. Alphabet remains the fund’s third-largest holding and represents 7.8% of its portfolio.
• Alphabet reported quarterly revenue of $119.8 billion and adjusted earnings of $9.11 per share, exceeding analyst estimates, while revenue grew 24.2% year over year. The company also pays a quarterly dividend of $0.22 per share.
• Analyst sentiment remains favorable, with a consensus “Buy” rating and an average price target of $422.10 versus the reported share price of $336.91. Investors continue to weigh Alphabet’s AI, cloud and emerging-technology opportunities against macroeconomic, legal and capital-spending risks.

Sustainable Growth Advisers LP lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,104,137 shares of the information services provider's stock after selling 25,574 shares during the quarter. Alphabet makes up about 7.8% of Sustainable Growth Advisers LP's holdings, making the stock its 3rd largest holding. Sustainable Growth Advisers LP's holdings in Alphabet were worth $716,964,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Denali Advisors LLC raised its stake in Alphabet by 14.8% in the second 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 in the last quarter. Heck Capital Advisors LLC boosted its position in shares of Alphabet by 298.2% during the second quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider's stock worth $7,854,000 after buying an additional 16,647 shares during the period. Montchanin Asset Management LLC bought a new position in Alphabet in the 1st quarter valued at about $7,075,000. Sax Wealth Advisors LLC increased its position in shares of Alphabet by 13.3% during the 2nd quarter. Sax Wealth Advisors LLC now owns 30,489 shares of the information services provider's stock valued at $10,773,000 after purchasing an additional 3,575 shares during the period. Finally, TrueMark Investments LLC bought a new stake in shares of Alphabet during the 1st quarter worth $1,277,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Stock Down 2.3%

NASDAQ:GOOG opened at $336.91 on Friday. The firm has a market capitalization of $4.12 trillion, a P/E ratio of 16.92, a P/E/G ratio of 0.98 and a beta of 1.19. The stock's fifty day simple moving average is $341.08 and its 200-day simple moving average is $348.80. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $244.67 and a 12-month high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.87 by $6.24. The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Alphabet's quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.31 EPS. Equities research analysts expect that Alphabet Inc. will post 20.54 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet's payout ratio is 4.42%.

Analyst Upgrades and Downgrades

GOOG has been the subject of several recent analyst reports. Stifel Nicolaus set a $485.00 target price on Alphabet in a research report on Thursday, October 8th. Oppenheimer reaffirmed an "outperform" rating and issued a $400.00 price objective (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Sanford C. Bernstein decreased their price objective on shares of Alphabet from $390.00 to $385.00 and set a "market perform" rating for the company in a report on Thursday, July 23rd. Canaccord Genuity Group set a $450.00 price target on shares of Alphabet in a report on Thursday, July 23rd. Finally, Pivotal Research lifted their price target on shares of Alphabet from $470.00 to $475.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $422.10.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI-chip opportunity: Evercore ISI raised its Alphabet estimates, arguing that the company could sell its internally developed tensor processing units (TPUs) to cloud customers. AI-chip revenue could become a meaningful contributor to Google Cloud, supporting growth and improving the return on Alphabet’s substantial infrastructure investments. Evercore raises Alphabet estimates on potential TPU hardware sales
• Positive Sentiment: Quantum-computing breakthrough: Google reported a technique that reduces quantum-computing errors by roughly 40 times. Although commercialization remains uncertain, the development reinforces Alphabet’s long-term technology leadership and could support investor enthusiasm around its research portfolio. Google demonstrates new quantum computer breakthrough
• Positive Sentiment: Expansion of growth businesses: Waymo received approval to participate in Ontario’s automated-vehicle pilot program and is targeting a Toronto robotaxi launch in 2028. Alphabet also reached a multiyear AI-content agreement with CNN, potentially strengthening its AI products and training resources. Google's Waymo plans first Canada robotaxi service in Toronto in 2028
• Neutral Sentiment: Analyst support remains favorable: JPMorgan raised its Alphabet target to $425 and maintained an overweight rating, while recent commentary continues to emphasize strong cloud and AI growth. However, investors remain focused on whether large capital expenditures can generate sufficient future returns.
• Negative Sentiment: Macro pressure: A hotter-than-expected producer-price report reduced expectations for near-term Federal Reserve rate cuts. Higher-for-longer rates typically weigh on high-growth technology valuations, contributing to weakness across major technology shares, including Alphabet.
• Negative Sentiment: Legal overhang: Multiple law firms publicized a securities class action involving investors who held Alphabet shares between May 19 and July 16, 2026, citing alleged securities-law violations related to disclosures about Gemini AI performance. The repeated deadline reminders may add short-term sentiment pressure, although the ultimate financial impact remains uncertain. Kaplan Fox Alphabet class action reminder

Insider Activity

In related news, Director Frances Arnold sold 83 shares of Alphabet 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 sale, the director owned 19,076 shares of the company's stock, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares in the company, valued at $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. Insiders sold 420,865 shares of company stock worth $8,293,477 in the last quarter. Corporate insiders own 12.99% of the company's stock.

Alphabet Company 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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