Alphabet Inc. $GOOG Stock Sold by Violich Capital Management Inc.

Key Points

• Violich Capital Management reduced its Alphabet position by 2.4% in the third quarter, selling 7,945 shares and retaining 324,953 shares worth approximately $110.7 million. Alphabet remains the fund’s largest holding, representing about 12% of its portfolio.
• Other institutional investors initiated positions in Alphabet, while hedge funds and institutions collectively own 27.26% of the stock. Alphabet insiders sold 441,399 shares worth approximately $8.7 million over the past quarter.
• Alphabet reported strong quarterly results, with revenue up 24.2% year over year to $119.8 billion and earnings of $9.11 per share, far exceeding estimates. Analysts maintain a consensus “Buy” rating with an average price target of $419.93, although heavy AI infrastructure spending is pressuring free cash flow.

Violich Capital Management Inc. lessened its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 324,953 shares of the information services provider's stock after selling 7,945 shares during the quarter. Alphabet makes up about 12.0% of Violich Capital Management Inc.'s holdings, making the stock its largest position. Violich Capital Management Inc.'s holdings in Alphabet were worth $110,724,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GOOG. Castlekeep Investment Advisors LLC purchased a new position in Alphabet during the 2nd quarter valued at about $29,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $38,000. Bard Associates Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $41,000. Timbuktu Capital Management LLC purchased a new position in shares of Alphabet during the 2nd quarter worth approximately $46,000. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in shares of Alphabet during the 4th quarter worth approximately $63,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: New Gemini model strengthens Alphabet’s AI positioning: Google unveiled Gemini 4 Argon, aimed at handling complex, multistep enterprise tasks in areas including software engineering, cybersecurity, finance and law. The launch supports the view that Alphabet is competing more directly with OpenAI and Anthropic in higher-value business applications. Google unveils Gemini 4 Argon as AI race shifts to autonomous work
• Positive Sentiment: Search and advertising trends remain resilient: Analysts cited estimated 17%–19% year-over-year Search growth, increased query volumes from AI Overviews, and improving advertising conversion rates. This helps counter fears that AI will undermine Google’s core search business. Alphabet appears to be the easiest AI trade of the year
• Positive Sentiment: Profit growth and strategic investments support the bull case: Alphabet’s operating income reportedly increased 30% year over year in each of the first two quarters of 2026. Its investment in Anthropic could also appreciate substantially if that company proceeds with an initial public offering, while Alphabet’s cloud and computing businesses could benefit from continued AI demand. Prediction: Alphabet’s profit growth carries it to $5 trillion
• Positive Sentiment: Reduced legal pressure: Alphabet reportedly prevailed in two U.S. antitrust cases, easing immediate regulatory risk. The company is also participating in an industry coalition focused on addressing power, data and community concerns surrounding AI data centers. Alphabet prevails in two U.S. antitrust lawsuits
• Neutral Sentiment: Regulatory scrutiny continues: Google executives are scheduled to testify under oath before New York City lawmakers about AI risks and potential legislation. The hearing could increase visibility into future compliance requirements, although no immediate financial impact was specified. AI companies set to testify at New York City Council hearing
• Negative Sentiment: AI infrastructure spending is pressuring cash flow: Alphabet’s second-quarter capital expenditures reportedly doubled year over year to $44.92 billion. The spending contributed to negative free cash flow and analysts expect another sizable shortfall in 2027, raising questions about returns on AI investment. Alphabet’s negative free cash flow
• Negative Sentiment: Operational concerns: Google paused its open-source bug bounty program after a surge in AI-generated submissions, highlighting new challenges in screening security reports and managing AI-related abuse. Google pauses open-source bug bounty program

Insider Buying and Selling

In other news, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction 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 directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 441,399 shares of company stock valued at $8,677,053. Insiders own 12.99% of the company's stock.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $340.35 on Monday. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.16 trillion, a price-to-earnings ratio of 17.09, a PEG ratio of 0.99 and a beta of 1.19. The stock's 50-day moving average price is $342.10 and its two-hundred day moving average price is $345.62. Alphabet Inc. has a 12-month low of $236.68 and a 12-month high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 54.77% and a return on equity of 51.32%. The company's quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.31 EPS. On average, research analysts forecast that Alphabet Inc. will post 20.55 EPS for the current year.

Alphabet Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GOOG. HSBC set a $515.00 target price on Alphabet in a research note on Friday, August 14th. Citic Securities boosted their price target on Alphabet from $430.00 to $434.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Oppenheimer restated an "outperform" rating and issued a $400.00 price objective (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Roth Capital increased their price objective on Alphabet from $435.00 to $440.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Finally, Sanford C. Bernstein decreased their price objective on Alphabet from $390.00 to $385.00 and set a "market perform" rating on the stock in a research note on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Alphabet currently has an average rating of "Buy" and an average price target of $419.93.

About Alphabet

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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