Alphabet Inc. $GOOGL Stock: Cornerstone Enterprises LLC Decreases Stake

Key Points

• Cornerstone Enterprises cut its Alphabet stake by 37.1% in the third quarter, selling 11,236 shares and retaining 19,075 shares valued at approximately $6.56 million. Institutional investors collectively own 40.03% of Alphabet.
• Wall Street remains broadly bullish: Alphabet has a consensus “Buy” rating and an average price target of $425.04, with several analysts assigning “Strong Buy” or “Outperform” ratings.
• Alphabet reported quarterly earnings of $9.11 per share and revenue of $119.8 billion, beating estimates, while investors continue to weigh strong cloud and AI growth against rising capital expenditures, regulatory uncertainty and litigation risks.

Cornerstone Enterprises LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 37.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,075 shares of the information services provider's stock after selling 11,236 shares during the quarter. Alphabet accounts for about 4.0% of Cornerstone Enterprises LLC's investment portfolio, making the stock its 9th largest position. Cornerstone Enterprises LLC's holdings in Alphabet were worth $6,563,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Strategic Wealth Advisors LLC increased its position in shares of Alphabet by 6.0% during the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock worth $137,000 after acquiring an additional 27 shares in the last quarter. Rockbridge Investment Management LCC lifted its position in Alphabet by 0.5% in the 1st quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider's stock valued at $1,570,000 after acquiring an additional 27 shares in the last quarter. Ruggaard & Associates LLC lifted its position in Alphabet by 0.9% in the 1st quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider's stock valued at $840,000 after acquiring an additional 27 shares in the last quarter. Cadia Private Client LLC boosted its stake in Alphabet by 1.1% during the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock valued at $744,000 after purchasing an additional 28 shares during the last quarter. Finally, Evansbrook LLC boosted its stake in Alphabet by 0.3% during the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock valued at $2,738,000 after purchasing an additional 28 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on GOOGL shares. Morgan Stanley set a $400.00 price objective on Alphabet and gave the stock an "overweight" rating in a report on Thursday, July 23rd. UBS Group restated a "neutral" rating and issued a $380.00 target price (up from $379.00) on shares of Alphabet in a report on Wednesday. Phillip Securities raised Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 27th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $425.00 target price on shares of Alphabet in a research report on Thursday, July 23rd. Finally, DZ Bank upgraded Alphabet to a "strong-buy" rating in a report on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $425.04.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Strong cloud and AI momentum: Recent commentary highlights approximately 24% overall revenue growth and an 82% increase in Google Cloud, suggesting that cloud demand and AI monetization may be offsetting concerns about rising capital expenditures. Alphabet’s Cloud Surge and AI Dominance Overshadow Capex Fears
• Positive Sentiment: JPMorgan remains bullish: JPMorgan raised its Alphabet price target to $425 from $420 and maintained an “overweight” rating, implying significant upside from the referenced price. The firm believes Google can withstand fears that generative AI will disrupt Search. JPMorgan Alphabet Price Target
• Positive Sentiment: Waymo expansion: Alphabet’s autonomous-driving unit received approval to participate in Ontario’s automated-vehicle pilot program and is targeting a Toronto robotaxi launch in 2028, expanding a potential long-term growth business. Waymo Toronto Robotaxi Launch
• Positive Sentiment: Additional product and technology catalysts: Google launched its Universal Cart shopping tool in the U.S., while reports of progress in quantum-computing error reduction and a multiyear CNN AI partnership support Alphabet’s efforts to broaden AI-related revenue.
• Neutral Sentiment: Investor attention is elevated: Zacks reported unusually heavy searches for both GOOGL and GOOG, reflecting strong interest but not necessarily a change in fundamentals.
• Negative Sentiment: Capex and profitability concerns: Investors remain concerned that Alphabet’s large data-center and AI investments could pressure free cash flow and take time to generate adequate returns. A reported multibillion-dollar computing arrangement with SpaceX adds to scrutiny of spending discipline.
• Negative Sentiment: Litigation over AI disclosures: Several law firms publicized a securities-fraud class action covering investors who bought shares from May 19 through July 16, 2026. The allegations reportedly involve representations about Gemini 3.5 Pro training results; the repeated notices add headline and potential liability risk, although they do not establish wrongdoing.
• Negative Sentiment: Other risks: Google warned that suspected China-linked hackers could exploit a BeyondTrust software flaw, while political and regulatory uncertainty could affect Search, advertising and the profits funding Alphabet’s AI buildout.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $340.59 on Monday. Alphabet Inc. has a 1 year low of $244.15 and a 1 year high of $408.61. The company has a market capitalization of $4.17 trillion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21. The business has a fifty day moving average price of $344.26 and a two-hundred day moving average price of $351.87. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.

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

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were given a $0.22 dividend. 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 payout ratio is currently 4.42%.

Insiders Place Their Bets

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frances Arnold sold 83 shares of the business's stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the transaction, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 402,479 shares of company stock valued at $7,946,534. Company insiders own 11.61% of the company's stock.

Alphabet Company 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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