Alphabet Inc. $GOOGL Stock: Grant Private Wealth Management Inc Cuts Holdings

Key Points

• Grant Private Wealth Management cut its Alphabet stake by 18.6% in the third quarter, selling 4,318 shares and retaining 18,927 shares valued at approximately $6.5 million.
• Alphabet reported strong quarterly results, with $9.11 in EPS and $119.8 billion in revenue, both above analyst expectations. Analysts maintain a consensus “Buy” rating with an average price target of $426.34.
• Alphabet’s outlook remains supported by AI, Google Cloud, Search and Waymo growth, but cloud-capacity constraints, outages and regulatory scrutiny pose risks; insiders have also sold roughly 339,182 shares over the past 90 days.

Grant Private Wealth Management Inc decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 18.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,927 shares of the information services provider's stock after selling 4,318 shares during the quarter. Alphabet comprises approximately 2.8% of Grant Private Wealth Management Inc's investment portfolio, making the stock its 8th biggest holding. Grant Private Wealth Management Inc's holdings in Alphabet were worth $6,512,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Strategic Wealth Advisors LLC boosted 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 purchasing an additional 27 shares in the last quarter. Rockbridge Investment Management LCC grew its holdings in shares of 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 buying an additional 27 shares during the period. Ruggaard & Associates LLC grew its holdings in shares of 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 buying an additional 27 shares during the period. Cadia Private Client LLC grew its holdings in shares of Alphabet by 1.1% in the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock valued at $744,000 after buying an additional 28 shares during the period. Finally, Evansbrook LLC increased its position in shares of Alphabet by 0.3% in the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock valued at $2,738,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 83 shares of Alphabet 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 transaction, the director owned 19,076 shares in the company, valued at approximately $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 118,138 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 339,182 shares of company stock worth $6,740,093. Insiders own 11.61% of the company's stock.

Alphabet Stock Performance

Shares of GOOGL stock opened at $334.68 on Thursday. The stock has a market cap of $4.09 trillion, a P/E ratio of 16.81, a P/E/G ratio of 0.98 and a beta of 1.21. The company has a fifty day moving average price of $343.75 and a two-hundred day moving average price of $352.84. Alphabet Inc. has a one year low of $249.29 and a one year high of $408.61. 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 earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. As a group, equities analysts predict that Alphabet Inc. will post 20.60 EPS for the current year.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: OpenAI deal supports Google Cloud. OpenAI plans to make its leading models available through Google Cloud, adding a high-profile customer and potentially increasing demand for Alphabet’s cloud infrastructure and AI services. OpenAI to sell its top models on Google Cloud
• Positive Sentiment: AI and cloud remain central to the bullish case. Analysts and investors point to accelerating Google Cloud growth, rising demand for Alphabet’s custom AI chips, resilient Search revenue and potential earnings upside. TikTok’s shift of advertising spending toward YouTube could also provide a modest advertising tailwind. Cathie Wood Trimmed Ark's Alphabet Stake
• Positive Sentiment: Waymo expansion adds longer-term optionality. Alphabet’s autonomous-driving unit has begun airport rides in Las Vegas and reportedly plans to expand its fleet substantially, while also preparing a Madrid launch. These developments could strengthen the value of Alphabet’s “Other Bets” portfolio. Waymo starts offering rides at the Las Vegas airport
• Neutral Sentiment: Earnings expectations are elevated. Wall Street expects continued revenue and earnings growth, with particular attention on Cloud growth, AI monetization, Search trends and capital spending. A beat or cautious guidance on October 28 could determine the next major move.
• Negative Sentiment: Cloud capacity and outage concerns are weighing on sentiment. Alphabet has acknowledged that Google Cloud is giving up some near-term revenue as it prioritizes AI capacity. A recent outage disrupted U.K. banking services and prompted questions from European regulators, highlighting operational and reputational risks. Europe's financial regulators query Google over cloud outage
• Negative Sentiment: Regulatory and legal overhang persists. U.S. senators are investigating Google’s push to use AI in schools amid concerns about student welfare. Separately, multiple law firms are publicizing a securities class action alleging misstatements related to the Gemini 3.5 Pro launch timeline, with lead-plaintiff deadlines in late November and early December. Senators launch inquiry into Google's AI push in schools

Analyst Ratings Changes

Several brokerages recently commented on GOOGL. Benchmark reaffirmed a "buy" rating on shares of Alphabet in a research note on Thursday, October 1st. UBS Group restated a "neutral" rating and issued a $380.00 price target (up from $379.00) on shares of Alphabet in a report on Wednesday, October 14th. Citizens Jmp reaffirmed a "market outperform" rating and set a $515.00 price target on shares of Alphabet in a research report on Wednesday, July 22nd. Barclays reaffirmed an "overweight" rating and set a $425.00 price target (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company reiterated 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. Five investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Alphabet has an average rating of "Buy" and an average target price of $426.34.

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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