Alphabet Inc. $GOOGL Stock: Draper Asset Management LLC Decreases Position

Key Points

• Draper Asset Management reduced its Alphabet stake by 3.1% in the third quarter, selling 3,018 shares and retaining 95,464 shares valued at approximately $32.8 million. Alphabet remains the fund’s third-largest holding and represents about 15% of its portfolio.
• Other institutional investors generally increased their Alphabet positions, while insiders sold 441,399 shares worth approximately $8.7 million over the past three months. Institutional investors own 40.03% of the company, compared with 11.61% insider ownership.
• Alphabet reported strong quarterly results, with $9.11 adjusted EPS and $119.8 billion in revenue, both above analyst expectations. Analysts remain broadly bullish, assigning the stock an average “Buy” rating and a consensus price target of $425.72.

Draper Asset Management LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,464 shares of the information services provider's stock after selling 3,018 shares during the period. Alphabet comprises about 15.0% of Draper Asset Management LLC's holdings, making the stock its 3rd largest holding. Draper Asset Management LLC's holdings in Alphabet were worth $32,847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Titleist Asset Management LLC increased its stake in shares of Alphabet by 6.4% in the third 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 raised its holdings in Alphabet by 2.6% during the 1st quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock valued at $25,679,000 after buying an additional 2,269 shares during the last quarter. Elefante Mark B raised its holdings 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 buying an additional 1,897 shares during the last quarter. Nwam LLC boosted its position in Alphabet by 19.6% during the 1st quarter. Nwam LLC now owns 49,128 shares of the information services provider's stock valued at $14,127,000 after buying an additional 8,055 shares during the period. Finally, WCM Investment Management LLC boosted its position in Alphabet by 287.4% during the 1st quarter. WCM Investment Management LLC now owns 3,886 shares of the information services provider's stock valued at $1,063,000 after buying an additional 2,883 shares during the period. Institutional investors own 40.03% of the company's stock.

Insider Transactions at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. This trade represents a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 441,399 shares of company stock worth $8,677,053 over the last three months. 11.61% of the stock is currently owned by insiders.

Alphabet Price Performance

NASDAQ GOOGL opened at $351.66 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The stock's fifty day moving average price is $345.90 and its 200 day moving average price is $349.18. Alphabet Inc. has a 1 year low of $235.84 and a 1 year high of $408.61. The company has a market cap of $4.30 trillion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.02 and a beta of 1.21.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $117.07 billion. As a group, equities research analysts forecast that Alphabet Inc. will post 20.54 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's dividend payout ratio is currently 4.42%.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent analyst reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $425.00 price target on shares of Alphabet in a report on Thursday, July 23rd. Needham & Company LLC reaffirmed a "buy" rating and set a $450.00 price objective on shares of Alphabet in a research note on Thursday. BMO Capital Markets set a $465.00 price objective on shares of Alphabet and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Jefferies Financial Group reiterated a "buy" rating on shares of Alphabet in a report on Monday, June 22nd. Finally, Barclays reiterated an "overweight" rating and set a $425.00 target price (up from $405.00) 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $425.72.

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

About Alphabet

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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