Alphabet Inc. $GOOGL Stake Trimmed by Fishman Jay A Ltd. MI

Key Points

• Fishman Jay A Ltd. MI cut its Alphabet stake by 6.2% in the third quarter, selling 23,630 shares but retaining 355,595 shares worth about $122.4 million; Alphabet remains the fund’s second-largest holding.
• Alphabet’s latest quarter missed expectations, reporting EPS of $2.12 versus the $3.02 consensus and revenue of $127.58 billion versus $127.96 billion expected. Heavy AI infrastructure investment is also weighing on free cash flow, despite strong cloud and AI demand.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and an average price target of $412.51, though some firms have lowered targets. Alphabet also declared a quarterly dividend of $0.22 per share.

Fishman Jay A Ltd. MI reduced its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 355,595 shares of the information services provider's stock after selling 23,630 shares during the quarter. Alphabet comprises 9.9% of Fishman Jay A Ltd. MI's investment portfolio, making the stock its 2nd largest position. Fishman Jay A Ltd. MI's holdings in Alphabet were worth $122,353,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Titleist Asset Management LLC grew its position in shares of Alphabet by 6.4% in the 3rd quarter. Titleist Asset Management LLC now owns 34,613 shares of the information services provider's stock worth $11,909,000 after buying an additional 2,096 shares during the period. PFG Investments LLC increased its holdings in shares of Alphabet by 2.6% during the first quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock valued at $25,679,000 after acquiring an additional 2,269 shares in the last quarter. Elefante Mark B increased its stake in Alphabet by 4.5% during 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 raised its holdings in Alphabet by 19.6% in the first quarter. Nwam LLC now owns 49,128 shares of the information services provider's stock worth $14,127,000 after buying an additional 8,055 shares during the last quarter. Finally, WCM Investment Management LLC raised its holdings in Alphabet by 287.4% in the first quarter. WCM Investment Management LLC now owns 3,886 shares of the information services provider's stock worth $1,063,000 after buying an additional 2,883 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Election results were cited as a catalyst for the stock’s advance. The outcome also raises questions about possible data-center restrictions, so the longer-term policy impact is not yet clear. Why Alphabet Stock Popped on Wednesday
• Positive Sentiment: AI demand remains a growth opportunity: Alphabet’s earnings-call coverage highlighted strong cloud demand and TPU sales, while Anthropic’s reported commitment to spend with Google could support future infrastructure demand. GOOGL Q3 Earnings Call Highlights AI Growth and Spending Pressures
• Neutral Sentiment: Google plans to invest $15 billion in Malaysia over 2027–28 to expand data-center and digital infrastructure. This could build capacity for AI and cloud growth, but adds to already elevated investment needs. Google to Invest $15 Billion in Malaysia Over Two Years
• Neutral Sentiment: OpenAI says ChatGPT’s search volume is about one-fifth of Google’s. The comparison has been questioned for lacking a clear baseline, but it underscores the competitive risk to Search. OpenAI Says ChatGPT’s Search Volume Is Now a Fifth of Google’s
• Negative Sentiment: Spending pressure remains a key concern: reports say free cash flow fell below expectations as Alphabet invests heavily in AI infrastructure, and the supplied earnings figures show quarterly EPS missed the consensus estimate. Alphabet’s Free Cash Flow Is Declining Faster Than Analysts Expected
• Negative Sentiment: Google is facing backlash over school accounts that link access to Search with access to AI features, creating reputational and potential policy risk. Separately, law firms are publicizing a securities class action alleging misrepresentations about Gemini development; the claims are allegations, not findings. Google Faces Backlash Over School Search Policy

Alphabet Stock Up 3.2%

GOOGL stock opened at $288.93 on Thursday. The company has a market cap of $3.53 trillion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 0.84 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. The business's 50-day moving average is $335.23 and its two-hundred day moving average is $339.39. Alphabet Inc. has a fifty-two week low of $270.70 and a fifty-two week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The firm had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.96 billion. As a group, analysts forecast that Alphabet Inc. will post 19.86 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, December 7th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's payout ratio is 4.59%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GOOGL. Citigroup decreased their price objective on shares of Alphabet from $447.00 to $375.00 and set a "buy" rating for the company in a report on Friday, October 30th. Phillip Securities upgraded Alphabet from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 27th. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research report on Thursday, October 15th. Evercore restated an "outperform" rating and set a $450.00 target price on shares of Alphabet in a research note on Wednesday, September 16th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and set a $325.00 price target (down from $385.00) on shares of Alphabet in a report on Thursday, October 29th. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $412.51.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 83 shares of the business's stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the sale, the director owned 19,076 shares of the company's stock, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 247 shares of company stock worth $79,238 in the last quarter. 11.61% of the stock is currently owned by insiders.

Alphabet Profile

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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