Alphabet Inc. $GOOG Stock Sold by Cohen Klingenstein LLC

Key Points

• Cohen Klingenstein LLC reduced its Alphabet stake by 3.1%, selling 7,475 shares and retaining 231,805 shares valued at approximately $79 million. Other major institutions, including BlackRock and State Street, increased their holdings, while institutional investors collectively own 27.26% of Alphabet.
• Analyst sentiment remains favorable, with six Strong Buy ratings, 34 Buy ratings and four Holds; the stock has an average rating of Buy and an average price target of $422.10.
• Alphabet reported quarterly revenue of $119.8 billion, up 24.2% year over year, and beat earnings expectations. The company also pays a quarterly dividend of $0.22 per share, equivalent to a 0.3% yield.

Cohen Klingenstein LLC reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,805 shares of the information services provider's stock after selling 7,475 shares during the quarter. Alphabet makes up 2.7% of Cohen Klingenstein LLC's investment portfolio, making the stock its 11th largest position. Cohen Klingenstein LLC's holdings in Alphabet were worth $78,985,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Alphabet by 1.4% during the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock worth $130,704,718,000 after purchasing an additional 5,164,200 shares in the last quarter. State Street Corp raised its position in shares of Alphabet by 2.8% during the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider's stock worth $67,458,980,000 after purchasing an additional 5,208,690 shares during the last quarter. Invesco Ltd. lifted its stake in Alphabet by 2.4% in the 4th quarter. Invesco Ltd. now owns 22,048,456 shares of the information services provider's stock valued at $6,918,805,000 after buying an additional 517,108 shares in the last quarter. Amundi lifted its stake in Alphabet by 22.9% in the 1st quarter. Amundi now owns 21,922,379 shares of the information services provider's stock valued at $6,288,654,000 after buying an additional 4,083,758 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Alphabet by 5.6% in the 2nd quarter. Deutsche Bank AG now owns 17,313,729 shares of the information services provider's stock valued at $6,117,460,000 after buying an additional 913,666 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on GOOG. Sanford C. Bernstein lowered their target price on Alphabet from $390.00 to $385.00 and set a "market perform" rating on the stock in a report on Thursday, July 23rd. BMO Capital Markets boosted their price target on Alphabet from $455.00 to $465.00 and gave the stock an "outperform" rating in a report on Thursday, July 23rd. HSBC set a $515.00 price objective on Alphabet in a research report on Friday, August 14th. Piper Sandler increased their price objective on Alphabet from $395.00 to $400.00 and gave the company an "overweight" rating in a research note on Monday, September 28th. Finally, Canaccord Genuity Group set a $450.00 price objective on Alphabet in a research note on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $422.10.

Alphabet Stock Performance

NASDAQ GOOG opened at $336.91 on Friday. The business's 50-day moving average price is $341.08 and its 200 day moving average price is $348.80. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a twelve month low of $244.67 and a twelve month high of $404.47. The company has a market capitalization of $4.12 trillion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 1.00 and a beta of 1.19.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The company had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $116.53 billion. During the same quarter in the previous year, the business earned $2.31 EPS. The firm's revenue was up 24.2% on a year-over-year basis. On average, research analysts predict that Alphabet Inc. will post 20.54 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is currently 4.42%.

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 Buying and Selling

In related news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction 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. The trade was a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 420,865 shares of company stock valued at $8,293,477. Insiders own 12.99% of the company's stock.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet's chief executive officer and also leads Google.

Google is Alphabet's primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

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