Alphabet Inc. $GOOGL Stock: Brown Shipley& Co Ltd Cuts Position

Key Points

• Brown Shipley & Co. reduced its Alphabet position by 7.9% in the third quarter, selling 2,863 shares and retaining 33,490 shares valued at approximately $11.5 million. Institutional investors collectively own about 40% of Alphabet.
• Alphabet reported strong quarterly results, with earnings of $9.11 per share and revenue of $119.8 billion, exceeding analyst expectations. The company also pays a quarterly dividend of $0.22 per share.
• Wall Street remains broadly bullish on GOOGL, with a consensus “Buy” rating and an average price target of $425.72, while analysts highlight the company’s advertising, cloud and artificial-intelligence opportunities.

Brown Shipley& Co Ltd lessened its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 33,490 shares of the information services provider's stock after selling 2,863 shares during the period. Alphabet makes up 5.7% of Brown Shipley& Co Ltd's investment portfolio, making the stock its 5th largest holding. Brown Shipley& Co Ltd's holdings in Alphabet were worth $11,523,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Lawood & Co. boosted its holdings in Alphabet by 0.4% in the 3rd quarter. Lawood & Co. now owns 11,831 shares of the information services provider's stock valued at $4,071,000 after purchasing an additional 45 shares in the last quarter. Dakota Community Bank & Trust NA raised its stake in shares of Alphabet by 27.8% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 3,168 shares of the information services provider's stock worth $1,090,000 after buying an additional 690 shares in the last quarter. Aventus Investment Advisors Inc. raised its stake in shares of Alphabet by 2.8% during the 3rd quarter. Aventus Investment Advisors Inc. now owns 4,210 shares of the information services provider's stock worth $1,449,000 after buying an additional 116 shares in the last quarter. McNaughton Wealth Management LLC lifted its holdings in shares of Alphabet by 4.0% in the 3rd quarter. McNaughton Wealth Management LLC now owns 7,850 shares of the information services provider's stock valued at $2,701,000 after buying an additional 302 shares during the period. Finally, Vilga Financial Planning LLC lifted its holdings in shares of Alphabet by 36.0% in the 3rd quarter. Vilga Financial Planning LLC now owns 7,963 shares of the information services provider's stock valued at $2,740,000 after buying an additional 2,109 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Stock Up 1.0%

GOOGL opened at $351.66 on Friday. The firm has a market cap of $4.30 trillion, a P/E ratio of 17.66, a PEG ratio of 1.01 and a beta of 1.21. The business's fifty day simple moving average is $345.90 and its 200 day simple moving average is $349.18. Alphabet Inc. has a 52 week low of $235.84 and a 52 week 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 posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion during 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%. As a group, equities research analysts anticipate that Alphabet Inc. will post 20.55 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were issued 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 0.3%. Alphabet's dividend payout ratio (DPR) is 4.42%.

Insider Activity at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of the stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the transaction, the director owned 19,076 shares of the company's stock, valued at $6,494,424.20. This trade represents 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 this hyperlink. Also, 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 transaction of $3,832,277.26. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 441,399 shares of company stock worth $8,677,053. 11.61% of the stock is currently owned by insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled Gemini Agent, an AI system designed to complete multistep tasks across Gmail, Docs, Sheets, Calendar and third-party platforms such as Microsoft 365, Salesforce Slack, Jira and Snowflake. The enterprise focus could support Google Cloud growth and create new Workspace monetization opportunities. Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
• Positive Sentiment: TD Cowen raised its Alphabet price target to $485 while maintaining a Buy rating after the Gemini Agent announcement. Other coverage continues to be broadly bullish, with analysts citing Alphabet’s valuation, advertising business, cloud expansion and AI potential. Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
• Positive Sentiment: Employees are reportedly testing Gemini 4 Carbon, a newer internal model that could improve Alphabet’s competitiveness against OpenAI and Anthropic if it delivers better performance. The report is speculative, but it reinforces expectations for continued AI investment. Google is about to roll out a new AI model
• Positive Sentiment: Alphabet’s reported roughly $13 billion Nordic AI data-center investment highlights access to reliable, lower-cost power and could help address U.S. permitting and grid constraints, though the spending also raises capital-intensity concerns. Google's $13 Billion Nordic Bet

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GOOGL. Morgan Stanley set a $400.00 price objective on Alphabet and gave the stock an "overweight" rating in a report on Thursday, July 23rd. DZ Bank raised Alphabet to a "strong-buy" rating in a report on Thursday, July 23rd. Tigress Financial restated a "strong-buy" rating and set a $485.00 target price (up from $415.00) on shares of Alphabet in a research report on Thursday, September 17th. Evercore reaffirmed an "outperform" rating and set a $450.00 price target on shares of Alphabet in a research note on Wednesday, September 16th. Finally, Pivotal Research reiterated a "buy" rating and issued a $475.00 price target (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $425.72.

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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