Alphabet Inc. $GOOGL Shares Sold by Aviance Capital Partners LLC

Key Points

• Aviance Capital Partners cut its Alphabet position by 4.9%, selling 7,227 shares and ending the quarter with 140,988 shares valued at about $48.5 million. Alphabet remained its second-largest holding, representing roughly 5% of its portfolio.
• Analyst sentiment remained positive: Alphabet had a consensus Buy rating and an average price target of $412.51, based on 5 Strong Buy, 45 Buy, and 5 Hold ratings.
• Alphabet’s latest quarterly results fell short of expectations, with EPS of $2.12 versus the $3.02 consensus and revenue of $127.58 billion versus $127.96 billion expected.

Aviance Capital Partners LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 140,988 shares of the information services provider's stock after selling 7,227 shares during the period. Alphabet comprises about 5.0% of Aviance Capital Partners LLC's holdings, making the stock its 2nd largest position. Aviance Capital Partners LLC's holdings in Alphabet were worth $48,511,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strategic Wealth Advisors LLC increased its position in Alphabet by 6.0% during the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock worth $137,000 after buying an additional 27 shares during the period. Rockbridge Investment Management LCC lifted its stake in Alphabet by 0.5% in the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider's stock valued at $1,570,000 after buying an additional 27 shares during the last quarter. Ruggaard & Associates LLC boosted its holdings in shares of Alphabet by 0.9% in the first quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider's stock valued at $840,000 after acquiring an additional 27 shares during the period. Cadia Private Client LLC boosted its holdings in shares of Alphabet by 1.1% in the first quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock valued at $744,000 after acquiring an additional 28 shares during the period. Finally, Evansbrook LLC boosted its holdings in shares of Alphabet by 0.3% in the first quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock valued at $2,738,000 after acquiring an additional 28 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of research reports. Piper Sandler set a $345.00 target price on shares of Alphabet and gave the stock an "overweight" rating in a research report on Thursday, October 29th. Guggenheim reiterated a "buy" rating and issued a $450.00 price target on shares of Alphabet in a research report on Thursday, October 29th. Barclays reiterated an "overweight" rating and set a $405.00 price target (down from $425.00) on shares of Alphabet in a research note on Thursday, October 29th. Yorkville Ives started coverage on shares of Alphabet in a research note on Monday, October 5th. They set an "outperform" rating and a $400.00 price target for the company. Finally, UBS Group set a $332.00 price objective on shares of Alphabet and gave the stock a "neutral" rating in a research report on Thursday, October 29th. Five research analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Alphabet currently has an average rating of "Buy" and a consensus price target of $412.51.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $284.78 on Monday. The firm has a market capitalization of $3.50 trillion, a P/E ratio of 14.86, a PEG ratio of 0.86 and a beta of 1.23. Alphabet Inc. has a one year low of $270.70 and a one year high of $408.61. The company's fifty day moving average is $332.93 and its two-hundred day moving average is $338.97. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The company had revenue of $127.58 billion during the quarter, compared to analysts' expectations of $127.96 billion. Analysts forecast that Alphabet Inc. will post 19.86 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is acquiring a Wyoming data-center site from Crusoe as it expands capacity for AI workloads. The purchase supports Alphabet’s push to secure infrastructure it might otherwise lease; a broader Wyoming project has been reported at about $17 billion, with Google saying it will cover the facility’s power costs. Reuters article
• Positive Sentiment: Alphabet’s Wing plans to invest up to $125 million over two years in a Fort Worth manufacturing facility capable of producing tens of thousands of delivery drones annually. The investment could help scale Wing’s commercial operations, though it requires substantial upfront spending. Wall Street Journal article
• Neutral Sentiment: Google plans to double prices for paid input, output and context-caching on its Gemini 3.8 and 3.6 Flash APIs starting January 1, 2027. Higher pricing could improve monetization, but its effect on customer demand is uncertain. Yahoo Finance article
• Negative Sentiment: Alphabet faces renewed investor scrutiny over a securities class action alleging misleading statements during May–July 2026. The claims are allegations, not findings, but could add legal and reputational risk; multiple law-firm notices largely repeat the same case. PR Newswire article
• Negative Sentiment: Investors remain concerned about uncertainty around data-center regulation and the scale of AI capital spending. A separate lawsuit also alleges safety harms involving Google’s AI on a school Chromebook, adding potential reputational and legal exposure. Reuters article

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 83 shares of the stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 247 shares of company stock worth $79,238 in the last quarter. Corporate insiders own 11.61% of the company's stock.

Alphabet Company Profile

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.

Alphabet serves consumers, businesses and organizations around the world.

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