Alphabet Inc. $GOOGL Position Trimmed by Commonwealth Equity Services LLC

Key Points

• Commonwealth Equity Services trimmed its Alphabet stake by 2.9% in the third quarter, selling 59,907 shares; it still held nearly 1.99 million shares worth about $684 million.
• Alphabet reported quarterly EPS of $2.12, below the $3.02 analyst consensus, while revenue of $127.58 billion also came in slightly under estimates.
• Analysts’ consensus rating remained Buy, with an average price target of $412.51. Alphabet also announced a quarterly dividend of $0.22 per share.

Commonwealth Equity Services LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,989,058 shares of the information services provider's stock after selling 59,907 shares during the period. Alphabet accounts for about 0.9% of Commonwealth Equity Services LLC's holdings, making the stock its 13th biggest holding. Commonwealth Equity Services LLC's holdings in Alphabet were worth $684,395,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GOOGL. EMC Capital Management purchased a new stake in Alphabet in the 2nd quarter valued at $35,000. Core Capital Management & Research inc. acquired a new position in Alphabet in the second quarter valued at $41,000. Intelligent Financial Strategies acquired a new position in Alphabet in the third quarter valued at $41,000. Premier Financial Group acquired a new position in Alphabet in the second quarter valued at $45,000. Finally, Van Den Berg Management I Inc. raised its holdings in shares of Alphabet by 319.6% in the first quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider's stock valued at $61,000 after buying an additional 163 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of the 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 directly owned 19,076 shares of the company's stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 247 shares of company stock worth $79,238. 11.61% of the stock is owned by corporate insiders.

Alphabet Trading Down 1.0%

Shares of GOOGL opened at $295.77 on Friday. The stock has a market cap of $3.64 trillion, a PE ratio of 15.44, a P/E/G ratio of 0.90 and a beta of 1.23. Alphabet Inc. has a 12 month low of $270.70 and a 12 month high of $408.61. The stock's 50-day moving average is $328.18 and its two-hundred day moving average is $338.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing analysts' consensus estimates of $3.02 by ($0.90). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The firm had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.96 billion. Equities analysts forecast that Alphabet Inc. will post 19.81 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GOOGL shares. Zacks Research lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Yorkville Ives started coverage on shares of Alphabet in a research report on Monday, October 5th. They set an "outperform" rating and a $400.00 price objective for the company. UBS Group set a $332.00 target price on shares of Alphabet and gave the company a "neutral" rating in a report on Thursday, October 29th. Guggenheim reiterated a "buy" rating and set a $450.00 price target on shares of Alphabet in a research note on Thursday, October 29th. Finally, DA Davidson cut their price target on shares of Alphabet from $350.00 to $300.00 and set a "neutral" rating for the company in a report on Thursday, October 29th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $412.51.

Alphabet News Roundup

These are some of the GOOGL news items that stood out recently:

• Positive Sentiment: Google made a faster, lower-cost Gemini model its everyday default and opened preorders for $395 Samsung-built AI glasses, scheduled to ship December 10. The product rollout highlights Alphabet’s effort to bring its AI services to more users and devices. Read More.
• Negative Sentiment: Alphabet co-founder Larry Page reportedly plans to sell another $148 million in shares. Insider sales can weigh on sentiment, although a sale alone does not establish a change in the company’s outlook. Read More.
• Negative Sentiment: A securities class action covering investors who bought Alphabet shares from May 19 to July 16, 2026, is prompting new law-firm notices. The lawsuit adds legal and reputational risk; the allegations have not been established in court. Read More.

About Alphabet

Alphabet Inc. is a technology holding company whose largest business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company reorganized its businesses under the holding-company structure in 2015. Google's products and services include Search, YouTube, Android, Chrome, Google Maps, Google Play and Google Cloud. The company also generates revenue from digital advertising and offers devices, subscriptions and artificial intelligence products and services.

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