Alphabet Inc. $GOOGL Shares Sold by Lmcg Investments LLC

Key Points

• Lmcg Investments reduced its Alphabet stake by 4% in the third quarter, selling 7,933 shares and retaining 188,822 shares valued at approximately $65 million. Alphabet remains the fund’s third-largest holding, representing about 3.4% of its portfolio.
• Several major institutions increased their Alphabet positions, including State Street, Amundi, Mitsubishi UFJ Asset Management and Arrowstreet Capital. Institutional investors collectively own about 40.03% of the stock.
• Alphabet’s latest quarterly results missed expectations, with EPS of $2.12 versus a $3.02 consensus estimate and revenue of $127.58 billion versus $127.96 billion expected. Despite the earnings miss and mixed advertising trends, analysts maintain a consensus “Buy” rating with a target price of $425.04.

Lmcg Investments LLC decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 188,822 shares of the information services provider's stock after selling 7,933 shares during the quarter. Alphabet comprises about 3.4% of Lmcg Investments LLC's investment portfolio, making the stock its 3rd biggest holding. Lmcg Investments LLC's holdings in Alphabet were worth $64,970,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Alphabet by 5.6% during the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock valued at $85,403,303,000 after acquiring an additional 12,718,127 shares in the last quarter. Amundi boosted its stake in Alphabet by 4.6% in the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider's stock worth $11,865,809,000 after purchasing an additional 1,457,371 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Alphabet by 10.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider's stock worth $6,334,186,000 after purchasing an additional 1,631,721 shares in the last quarter. Swiss National Bank boosted its stake in Alphabet by 7.1% in the 1st quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider's stock worth $4,911,467,000 after purchasing an additional 1,139,400 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Alphabet by 90.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider's stock valued at $4,900,078,000 after purchasing an additional 8,112,680 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Up 1.3%

GOOGL opened at $324.89 on Thursday. The stock has a market capitalization of $3.97 trillion, a price-to-earnings ratio of 16.32, a PEG ratio of 0.92 and a beta of 1.21. The firm has a 50 day moving average price of $341.50 and a 200-day moving average price of $340.66. Alphabet Inc. has a twelve month low of $267.67 and a twelve month high of $408.61. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The company had revenue of $127.58 billion during the quarter, compared to analysts' expectations of $127.96 billion. Equities research analysts forecast that Alphabet Inc. will post 20.60 earnings per share for the current year.

Insiders Place Their Bets

In other 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 transaction of $28,257.35. Following the transaction, the director directly owned 19,076 shares of the company's stock, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 11.61% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GOOGL shares. KeyCorp reduced their price objective on shares of Alphabet from $435.00 to $410.00 and set an "overweight" rating for the company in a research note on Monday, October 19th. JPMorgan Chase & Co. upped their target price on shares of Alphabet from $420.00 to $425.00 and gave the stock an "overweight" rating in a research note on Thursday, October 15th. Wells Fargo & Company reiterated an "overweight" rating and issued a $417.00 target price (up from $411.00) on shares of Alphabet in a research note on Tuesday, October 6th. Phillip Securities upgraded shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 27th. Finally, Wall Street Zen downgraded shares of Alphabet from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Five investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Alphabet has a consensus rating of "Buy" and a consensus target price of $425.04.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud growth accelerated: Cloud revenue more than doubled, rising 103% year over year and exceeding expectations. The results suggest Alphabet’s investments in AI infrastructure, cloud capacity and custom TPU chips are generating meaningful demand. Google Cloud Revenue Just Grew 103%, so Why Is the Stock Falling?
• Positive Sentiment: AI monetization opportunities are expanding: Google is rolling out AI Search ads internationally, opening its AI experiences to more third-party apps, and reportedly attracting interest from OpenAI for its TPU chips. These developments could diversify Alphabet’s revenue and strengthen its position against Nvidia in AI infrastructure. Google expands AI Search ads globally as core ad growth slows
• Neutral Sentiment: New Gemini 4 Carbon launch: Google introduced a cybersecurity-focused AI model that received positive attention from Elon Musk. The launch supports Alphabet’s long-term AI strategy, but its near-term financial contribution remains uncertain. Google launches Gemini 4 Carbon AI model with cybersecurity focus
• Negative Sentiment: Quarterly results missed estimates: Alphabet reported adjusted earnings of $2.12 per share, below consensus estimates ranging from $2.94 to $3.02. Revenue of $127.6 billion also fell short of expectations near $128.2 billion, while profit declined from the prior year. Alphabet Q3 Earnings and Revenues Miss Estimates
• Negative Sentiment: Cash flow is the main concern: Free cash flow fell as Alphabet spent heavily on data centers, cloud capacity and AI research. Investors are concerned that the rapid expansion may pressure returns and limit buybacks, even as cloud revenue grows quickly. Alphabet's free cash flow sinks further
• Negative Sentiment: Advertising momentum was mixed: YouTube advertising revenue rose 9% to $11.2 billion but missed the $11.43 billion analyst estimate, while broader search-ad growth slowed. South Korea also imposed an app-market fine, adding to regulatory pressure.

About Alphabet

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.

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