Alphabet Inc. $GOOG Stock Sold by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management cut its Alphabet stake by 50.5% in the third quarter, selling 53,566 shares and retaining 52,556 shares worth approximately $17.9 million. Alphabet now represents 0.7% of the firm’s portfolio.
• Alphabet reported strong recent results, with revenue rising 24.2% year over year to $119.8 billion and EPS of $9.11, well above estimates. Analysts maintain a consensus “Buy” rating with an average price target of $421.85.
• AI and cloud growth remain key opportunities, but investors are monitoring heavy AI capital spending, execution concerns and related litigation. The stock opened at $317.28, below its 50-day and 200-day moving averages.

Axxcess Wealth Management LLC cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 50.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,556 shares of the information services provider's stock after selling 53,566 shares during the quarter. Alphabet makes up 0.7% of Axxcess Wealth Management LLC's portfolio, making the stock its 20th largest position. Axxcess Wealth Management LLC's holdings in Alphabet were worth $17,908,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Castlekeep Investment Advisors LLC bought a new stake in Alphabet during the second quarter worth about $29,000. Toth Financial Advisory Corp acquired a new position in Alphabet during the second quarter valued at approximately $41,000. Timbuktu Capital Management LLC acquired a new position in Alphabet during the second quarter valued at approximately $46,000. Robinswood Financial LLC bought a new position in Alphabet in the first quarter valued at approximately $57,000. Finally, Hoey Investments Inc. grew its stake in Alphabet by 173.0% in the first quarter. Hoey Investments Inc. now owns 273 shares of the information services provider's stock valued at $78,000 after purchasing an additional 173 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about 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 Price Performance

NASDAQ:GOOG opened at $317.28 on Friday. Alphabet Inc. has a 12-month low of $256.10 and a 12-month high of $404.47. The firm has a market capitalization 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. The stock's 50 day moving average price is $339.42 and its two-hundred day moving average price is $350.21. 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 (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.87 by $6.24. The company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.31 EPS. On average, analysts anticipate that Alphabet Inc. will post 20.60 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GOOG shares. Morgan Stanley dropped their price objective on Alphabet from $415.00 to $400.00 and set an "overweight" rating on the stock in a research note on Thursday, July 23rd. HSBC set a $515.00 target price on shares of Alphabet in a research note on Friday, August 14th. KeyCorp set a $410.00 target price on shares of Alphabet in a report on Monday, October 19th. Freedom Capital raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Finally, Citic Securities upped their price target on shares of Alphabet from $430.00 to $434.00 and gave the stock a "buy" rating in a research report on Monday, July 27th. Six 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 MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $421.85.

Insider Activity at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction 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 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 315,765 shares of company stock worth $6,297,980. Company insiders own 12.99% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.