Alphabet Inc. $GOOGL Shares Sold by Bell Asset Management Ltd

Key Points

• Bell Asset Management cut its Alphabet stake by 22% in the third quarter, selling 16,722 shares and retaining 59,294 shares valued at approximately $20.4 million. Alphabet remains the firm’s second-largest holding, representing 7.5% of its portfolio.
• Alphabet reported quarterly earnings of $9.11 per share, well above the $2.89 consensus estimate, while revenue reached $119.8 billion. Analysts maintain a consensus “Buy” rating with an average price target of $425.72.
• Alphabet’s growth initiatives include expanding Gemini’s enterprise AI capabilities, securing $5 billion in financing for Waymo, and potentially raising Isomorphic Labs’ valuation to $40 billion–$50 billion; however, legal claims and delays to Finnish data centers present risks.

Bell Asset Management Ltd lowered its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 22.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,294 shares of the information services provider's stock after selling 16,722 shares during the quarter. Alphabet comprises approximately 7.5% of Bell Asset Management Ltd's holdings, making the stock its 2nd largest holding. Bell Asset Management Ltd's holdings in Alphabet were worth $20,402,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lifetime Wealth Management P.C. acquired a new position in Alphabet in the fourth quarter valued at about $32,000. EMC Capital Management bought a new position in Alphabet during the fourth quarter worth about $33,000. Core Capital Management & Research inc. acquired a new position in shares of Alphabet during the 2nd quarter worth about $41,000. Premier Financial Group acquired a new position in shares of Alphabet during the 2nd quarter worth about $45,000. Finally, Bard Associates Inc. bought a new stake in shares of Alphabet in the 4th quarter valued at about $52,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Down 0.6%

NASDAQ:GOOGL opened at $348.29 on Friday. The company has a market cap of $4.26 trillion, a PE ratio of 17.49, a PEG ratio of 1.01 and a beta of 1.21. The stock has a 50-day simple moving average of $345.99 and a 200 day simple moving average of $349.17. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a 52-week low of $235.84 and a 52-week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. On average, sell-side analysts expect that Alphabet Inc. will post 20.55 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced an agentic version of Gemini for business users. The unified agent is designed to perform tasks across workplace applications, strengthening Alphabet’s position in enterprise AI and intensifying competition with Microsoft and OpenAI. Google brings agentic AI to Gemini
• Positive Sentiment: Alphabet’s Waymo autonomous-vehicle unit secured a $5 billion loan from Blackstone, PIMCO and Sixth Street, providing financing for robotaxi expansion without requiring Alphabet to fund the entire rollout directly. Waymo secures $5 billion loan
• Positive Sentiment: Isomorphic Labs, Alphabet’s AI drug-discovery subsidiary, is reportedly discussing a funding round valuing the business between $40 billion and $50 billion. A successful financing could highlight the value of Alphabet’s AI portfolio beyond search and advertising. Isomorphic Labs funding talks
• Positive Sentiment: Analyst sentiment remains strongly bullish: Needham reaffirmed a Buy rating with a $450 price target, while other reports cited broad upside expectations based on Alphabet’s earnings power, cloud growth and AI opportunities.
• Neutral Sentiment: Alphabet and Unity expanded their AI gaming partnership, including tools that let users create games through natural-language prompts. The initiative could broaden Google Play engagement, although monetization and adoption remain unproven. Google and Unity gaming partnership
• Negative Sentiment: Multiple law firms publicized an existing securities class action covering investors who purchased Alphabet securities from May 19 through July 16, 2026. The complaints allege that management failed to disclose issues related to the expected Gemini 3.5 Pro launch and training results. These are allegations, not findings of liability, but the repeated alerts add legal and reputational overhang. Alphabet securities class action announcement
• Negative Sentiment: Google was ordered to halt work on two Finnish data centers pending environmental-impact assessments, potentially delaying infrastructure expansion. Commentary also questioned whether Alphabet is converting heavy AI capital spending into sufficient revenue and criticized its progress in AI coding.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GOOGL shares. Benchmark reiterated a "buy" rating on shares of Alphabet in a research report on Thursday, October 1st. Rosenblatt Securities restated a "buy" rating and set a $410.00 price objective on shares of Alphabet in a report on Thursday, September 3rd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Needham & Company LLC reiterated a "buy" rating and issued a $450.00 target price on shares of Alphabet in a report on Thursday. Finally, Barclays reissued an "overweight" rating and set a $425.00 price target (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Five analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $425.72.

Insider Buying and Selling

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frances Arnold sold 83 shares of the firm's stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 441,399 shares of company stock worth $8,677,053. 11.61% of the stock is owned by insiders.

Alphabet Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.

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