Alphabet Inc. $GOOGL Shares Sold by HWG Holdings LP

Key Points

• HWG Holdings LP cut its Alphabet stake by 4.5% in the third quarter, selling 4,774 shares and retaining 101,258 shares worth approximately $34.8 million. Alphabet remains the fund’s third-largest holding, representing about 8% of its portfolio.
• Alphabet reported strong quarterly results, with $119.8 billion in revenue and $9.11 in adjusted EPS, while analysts maintain an overall “Buy” rating and an average price target of $425.72. The company is also pursuing AI infrastructure and product initiatives, including nuclear-power agreements for data centers and an AI game-creation platform with Unity.
• Potential risks include recent insider and institutional selling, a securities class-action campaign, and a Finnish court order halting work on two data centers pending environmental reviews.

HWG Holdings LP reduced its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,258 shares of the information services provider's stock after selling 4,774 shares during the period. Alphabet accounts for about 8.0% of HWG Holdings LP's holdings, making the stock its 3rd biggest position. HWG Holdings LP's holdings in Alphabet were worth $34,841,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. PFG Investments LLC lifted its stake in shares of Alphabet by 2.6% in the 1st quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock worth $25,679,000 after acquiring an additional 2,269 shares during the period. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust acquired a new stake in Alphabet in the fourth quarter valued at about $28,902,000. Elefante Mark B boosted its holdings in Alphabet by 4.5% in the 2nd quarter. Elefante Mark B now owns 43,733 shares of the information services provider's stock valued at $15,629,000 after purchasing an additional 1,897 shares in the last quarter. Nwam LLC boosted its holdings in Alphabet by 19.6% in the 1st quarter. Nwam LLC now owns 49,128 shares of the information services provider's stock valued at $14,127,000 after purchasing an additional 8,055 shares in the last quarter. Finally, WCM Investment Management LLC increased its position in Alphabet by 287.4% during the 1st quarter. WCM Investment Management LLC now owns 3,886 shares of the information services provider's stock worth $1,063,000 after purchasing an additional 2,883 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google signed long-term nuclear-power agreements with Constellation Energy covering approximately 3,590 megawatts, including 890 megawatts of additional capacity. The contracts strengthen Alphabet’s ability to secure reliable electricity for AI data centers and provide evidence that management is addressing AI’s substantial power requirements. Google Signs Nuclear Deal With Constellation Energy
• Positive Sentiment: Alphabet and Unity Software launched an AI-powered game-creation platform that allows users to build playable games with natural-language prompts. The initiative could expand Google Play’s creator ecosystem, increase engagement and provide another commercial application for Alphabet’s AI models. Google and Unity Team to Let Users Build Their Own Games
• Positive Sentiment: Analysts and market commentators remain constructive on Alphabet, citing strong margins, accelerating Google Cloud growth, continued search resilience and a price-to-earnings ratio near 17.6. Several reports describe the stock as undervalued relative to expected earnings and AI growth. Alphabet’s Chart Is Coiling—and the Fundamentals May Be Ready to Back It Up
• Neutral Sentiment: Google introduced SynthID, a website that identifies AI-generated images, video and audio. The tool may improve trust in Google’s AI ecosystem, although the immediate financial impact is unclear. Google's new SynthID website can identify AI-generated media
• Negative Sentiment: Multiple law firms are promoting a securities class action alleging investor losses during the May 19–July 16 class period. These announcements do not establish liability, but they add headline risk and could lead to legal costs or reputational concerns. Kaplan Fox Alphabet Investor Notice
• Negative Sentiment: A Finnish court ordered Google to halt work on two data centers pending environmental-impact assessments. Delays could increase costs or slow the expansion of computing capacity, although the near-term effect on Alphabet’s overall results is likely limited. Google ordered to halt work on two Finland data centers

Insider Transactions at Alphabet

In other news, 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. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Frances Arnold sold 83 shares of the stock in a transaction 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 sale, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 441,399 shares of company stock valued at $8,677,053 over the last three months. 11.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GOOGL. Zacks Research cut Alphabet from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. Morgan Stanley set a $400.00 price objective on Alphabet and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Freedom Capital raised Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. DA Davidson set a $350.00 price target on shares of Alphabet and gave the stock a "neutral" rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Alphabet in a report on Friday, July 17th. Five analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $425.72.

Alphabet Trading Up 0.8%

NASDAQ:GOOGL opened at $350.50 on Thursday. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $345.69 and a 200-day simple moving average of $348.83. Alphabet Inc. has a 52-week low of $235.84 and a 52-week high of $408.61. The company has a market capitalization of $4.29 trillion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21.

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

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is presently 4.42%.

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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