Alphabet Inc. $GOOGL Shares Sold by Forvis Mazars Wealth Advisors LLC

Key Points

• Forvis Mazars Wealth Advisors reduced its Alphabet stake by 2.3% in the third quarter, selling 1,958 shares and retaining 82,622 shares valued at approximately $28.4 million.
• Institutional ownership trends were mixed, with major investors including State Street, Amundi, Mitsubishi UFJ and HSBC increasing their positions; institutions collectively own 40.03% of Alphabet.
• Analyst sentiment remains positive, with Alphabet receiving a consensus “Buy” rating and an average price target of $425.72. The company also reported quarterly revenue of $119.8 billion, ahead of estimates, while investors continue to monitor heavy AI spending and related legal risks.

Forvis Mazars Wealth Advisors LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 82,622 shares of the information services provider's stock after selling 1,958 shares during the period. Forvis Mazars Wealth Advisors LLC's holdings in Alphabet were worth $28,428,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. State Street Corp lifted its holdings in Alphabet by 5.6% in the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock worth $85,403,303,000 after acquiring an additional 12,718,127 shares during the last quarter. Invesco Ltd. boosted its stake in Alphabet by 0.5% in the fourth quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider's stock valued at $14,208,470,000 after acquiring an additional 208,362 shares during the period. Amundi boosted its stake in Alphabet by 4.6% in the second quarter. Amundi now owns 33,203,350 shares of the information services provider's stock valued at $11,865,809,000 after acquiring an additional 1,457,371 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Alphabet by 10.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider's stock valued at $6,334,186,000 after purchasing an additional 1,631,721 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Alphabet by 11.9% during the fourth quarter. Hsbc Holdings PLC now owns 16,466,253 shares of the information services provider's stock valued at $5,154,034,000 after purchasing an additional 1,749,161 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GOOGL shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Alphabet in a research report on Friday, July 17th. Barclays reissued an "overweight" rating and issued a $425.00 price target (up from $405.00) on shares of Alphabet in a report on Thursday, July 23rd. Needham & Company LLC restated a "buy" rating and set a $450.00 price objective on shares of Alphabet in a research report on Thursday, October 8th. DA Davidson set a $350.00 price objective on Alphabet and gave the company a "neutral" rating in a research report on Thursday, July 23rd. Finally, BMO Capital Markets set a $465.00 price objective on Alphabet and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Alphabet currently has an average rating of "Buy" and a consensus target price of $425.72.

Alphabet Price Performance

NASDAQ GOOGL opened at $353.78 on Wednesday. Alphabet Inc. has a 52 week low of $240.51 and a 52 week high of $408.61. 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 stock has a market cap of $4.33 trillion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21. The company has a 50-day moving average price of $345.00 and a two-hundred day moving average price of $350.40.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.89 by $6.22. The company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Analysts forecast that Alphabet Inc. will post 20.54 EPS for the current year.

Alphabet Dividend Announcement

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 dividend of $0.22 per share. The ex-dividend date was Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet's payout ratio is currently 4.42%.

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 that occurred on Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frances Arnold sold 83 shares of the firm's stock in a transaction that occurred on 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 sale, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 441,399 shares of company stock valued at $8,677,053 in the last three months. 11.61% of the stock is currently owned by corporate insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google launched Gemini 4 Argon for developers, businesses and paying users, highlighting capabilities in coding, finance and legal work. The release strengthens Alphabet’s position in the generative-AI race, although some commentary suggests Wall Street may need evidence of meaningful monetization before assigning substantial value. Google launches flagship AI model Gemini 4 Argon for developers, businesses
• Positive Sentiment: BNP Paribas raised its Alphabet price target to $450, citing the outlook for Alphabet’s internally developed tensor processing units (TPUs). Another analyst said Alphabet’s AI-chip business could unlock as much as $100 billion in value by 2028, while Cantor Fitzgerald maintained an Overweight rating with a $420 target. Alphabet target bumped to $450 at BNP Paribas on TPU outlook
• Positive Sentiment: Coverage remains constructive on Alphabet’s expanding Google Cloud business, roughly $514 billion cloud backlog and growing AI-related demand. Google’s 3.6-gigawatt nuclear-power agreement with Constellation also underscores its long-term effort to secure electricity for AI data centers. Nuclear ETFs in spotlight as Google and Constellation sign deal
• Neutral Sentiment: Google expanded its consumer ecosystem with a $180 Fitbit Edge wearable and private, user-created Android apps distributed through Google Play. These initiatives could increase engagement and subscription revenue, but their near-term earnings impact is unclear. Google Play now supports private vibe-coded apps
• Negative Sentiment: Several law firms publicized a securities class action alleging Alphabet misrepresented the progress of its Gemini 3.5 Pro model, including training setbacks and a missed June 2026 launch target. The case covers investors who purchased shares from May 19 through July 16, with lead-plaintiff deadlines generally falling around November 30 or December 1. The repeated notices increase headline and legal risk, though they do not represent a court finding of wrongdoing. Alphabet AI issues and securities fraud class action
• Negative Sentiment: Analysts and investors remain focused on Alphabet’s very large AI capital expenditures. The gap between operating cash flow and free cash flow raises concerns that accelerating data-center spending could pressure returns, even as reported earnings remain strong. Apple’s new HomeView smart-home initiative also adds competitive pressure in devices and AI assistants. Does the risk-reward profile still favor Alphabet investors

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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