Alphabet Inc. $GOOGL Shares Sold by PineStone Asset Management Inc.

Key Points

• PineStone Asset Management reduced its Alphabet stake by 6.7% in the third quarter, selling 307,340 shares and retaining 4.3 million shares valued at approximately $1.48 billion.
• Alphabet shares opened at $340.27, down 1.1%, while the company reported quarterly earnings of $9.11 per share and revenue of $119.8 billion, exceeding analyst expectations.
• Wall Street remains broadly bullish: analysts maintain a consensus “Buy” rating with an average price target of $426.34, despite recent insider selling and ongoing concerns about AI spending and cloud-growth profitability.

PineStone Asset Management Inc. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,300,481 shares of the information services provider's stock after selling 307,340 shares during the period. Alphabet makes up about 9.8% of PineStone Asset Management Inc.'s holdings, making the stock its 2nd biggest position. PineStone Asset Management Inc.'s holdings in Alphabet were worth $1,479,710,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CWS Financial Advisors LLC boosted its position in shares of Alphabet by 0.6% during the 3rd quarter. CWS Financial Advisors LLC now owns 5,466 shares of the information services provider's stock worth $1,881,000 after purchasing an additional 35 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC grew its stake in shares of Alphabet by 2.3% during the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 5,782 shares of the information services provider's stock worth $1,990,000 after purchasing an additional 128 shares during the period. Fiduciary Advisors Inc. grew its stake in shares of Alphabet by 31.0% during the 3rd quarter. Fiduciary Advisors Inc. now owns 313 shares of the information services provider's stock worth $108,000 after purchasing an additional 74 shares during the period. Forum Financial Management LP grew its stake in shares of Alphabet by 1.5% during the 3rd quarter. Forum Financial Management LP now owns 97,622 shares of the information services provider's stock worth $33,590,000 after purchasing an additional 1,460 shares during the period. Finally, Kintegral Advisory LLC grew its stake in shares of Alphabet by 0.6% during the 3rd quarter. Kintegral Advisory LLC now owns 207,992 shares of the information services provider's stock worth $71,566,000 after purchasing an additional 1,175 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Down 1.1%

GOOGL opened at $340.27 on Wednesday. The business's fifty day moving average is $343.93 and its two-hundred day moving average is $352.57. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The company has a market cap of $4.16 trillion, a price-to-earnings ratio of 17.09, a PEG ratio of 1.00 and a beta of 1.21. Alphabet Inc. has a one year low of $244.15 and a one year high of $408.61.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GOOGL. Yorkville Ives began coverage on shares of Alphabet in a report on Monday, October 5th. They issued an "outperform" rating and a $400.00 price target for the company. Royal Bank Of Canada reiterated an "outperform" rating and issued a $425.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. Wells Fargo & Company reissued an "overweight" rating and set a $417.00 price objective (up from $411.00) on shares of Alphabet in a report on Tuesday, October 6th. Wedbush restated an "outperform" rating and set a $445.00 target price on shares of Alphabet in a research report on Thursday, July 23rd. Finally, DA Davidson set a $350.00 target price on shares of Alphabet and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $426.34.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analyst support remains strong. BMO Capital raised its Alphabet price target to $480, while other coverage continues to characterize the stock as an attractive growth and value opportunity ahead of the October 28 earnings report. Bank of America expects a modest earnings beat, supported by Google Cloud growth and demand for Alphabet’s custom AI chips. BMO Capital adjusts price target on Alphabet
• Positive Sentiment: AI and emerging businesses continue to expand. Alphabet launched TorchTPU as an open-source PyTorch project, potentially helping developers use Google’s chips instead of Nvidia GPUs. Google is also adding more personalized Gemini functionality to vehicles, while Waymo reportedly plans to expand its robotaxi fleet to 20,000 vehicles and launch autonomous ride-hailing in Madrid next year. Google attacks Nvidia's AI developer stronghold
• Neutral Sentiment: Investors are focused on upcoming earnings. Alphabet’s strong prior quarter and rapid Cloud growth have not translated consistently into share-price gains. The company will need to demonstrate that Cloud expansion and TPU demand are producing meaningful profitability, while also addressing potential moderation in Search growth.
• Negative Sentiment: Google Cloud suffered a high-profile outage in the United Kingdom. Disruptions affected several banking and online services, and the Bank of England is investigating the incident. Although services were largely restored, the event raises concerns about reliability and could increase regulatory scrutiny of Alphabet’s cloud infrastructure. Google Cloud services largely back up in UK
• Negative Sentiment: Multiple law firms publicized a securities-fraud class action. The litigation alleges Alphabet misled investors about the development timeline for Gemini 3.5 Pro. Several firms highlighted lead-plaintiff deadlines around November 30 and December 1, keeping legal risk and the possibility of investor damages in focus. Rosen securities class-action notice
• Negative Sentiment: Broader AI-stock weakness added pressure. Concerns about AI financing, elevated capital spending and the sustainability of the technology trade have encouraged investors to reduce exposure to major technology stocks, even as Alphabet remains comparatively inexpensive among the “Magnificent Seven.”

Insider Transactions at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 402,479 shares of company stock valued at $7,946,534 in the last 90 days. 11.61% of the stock is currently owned by insiders.

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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