Alphabet Inc. $GOOGL Stock Holdings Lowered by Deltec Asset Management LLC

Key Points

• Deltec Asset Management reduced its Alphabet stake by 2.3% in the third quarter, selling 3,811 shares; it still held 163,499 shares worth about $56.3 million, its largest portfolio position.
• Other large investors, including State Street and Amundi, increased their holdings, while institutional investors and hedge funds owned 40.03% of Alphabet’s shares.
• Alphabet missed quarterly earnings expectations, reporting $2.12 per share versus analysts’ $3.02 consensus, and revenue of $127.58 billion versus $127.96 billion expected. The company also announced a quarterly dividend of $0.22 per share.

Deltec Asset Management LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 163,499 shares of the information services provider's stock after selling 3,811 shares during the quarter. Alphabet makes up 8.8% of Deltec Asset Management LLC's holdings, making the stock its largest position. Deltec Asset Management LLC's holdings in Alphabet were worth $56,257,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GOOGL. State Street Corp lifted its holdings in Alphabet by 5.6% during the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock valued at $85,403,303,000 after purchasing an additional 12,718,127 shares in the last quarter. Amundi increased its stake in shares of Alphabet by 4.6% during the second quarter. Amundi now owns 33,203,350 shares of the information services provider's stock worth $11,865,809,000 after purchasing an additional 1,457,371 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Alphabet by 10.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider's stock worth $6,334,186,000 after purchasing an additional 1,631,721 shares during the last quarter. Swiss National Bank raised its position in shares of Alphabet by 7.1% during the 1st quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider's stock worth $4,911,467,000 after purchasing an additional 1,139,400 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Alphabet by 90.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider's stock worth $4,900,078,000 after purchasing an additional 8,112,680 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of the 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 247 shares of company stock valued at $79,238 over the last 90 days. Corporate insiders own 11.61% of the company's stock.

Alphabet Price Performance

NASDAQ:GOOGL opened at $280.03 on Wednesday. Alphabet Inc. has a 52 week low of $270.70 and a 52 week high of $408.61. The stock's fifty day moving average is $336.39 and its two-hundred day moving average is $339.61. The company has a market capitalization of $3.42 trillion, a P/E ratio of 14.62, a P/E/G ratio of 0.84 and a beta of 1.23. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19.

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 for the quarter, missing analysts' consensus estimates of $3.02 by ($0.90). The business had revenue of $127.58 billion for the quarter, compared to analysts' expectations of $127.96 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. Equities analysts expect that Alphabet Inc. will post 19.86 EPS for the current year.

Alphabet Announces Dividend

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

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year in the latest quarter, and its reported backlog was about $561 billion, highlighting strong enterprise demand. Read More.
• Positive Sentiment: Alphabet is in preliminary discussions related to the U.S. “Golden Dome” defense initiative. A contract could create a new, recurring revenue stream and help monetize its infrastructure investments, though no deal has been confirmed. Read More.
• Neutral Sentiment: Google plans to make its AI tools opt-in for K-12 students, responding to concerns from educators and policymakers. Reports that restricting AI could also limit Search have drawn political criticism, creating reputational risk while the company adjusts its school policies. Read More.
• Negative Sentiment: Recent earnings concerns continue to weigh on the outlook: Alphabet missed quarterly EPS expectations, Search growth slowed, and AI-generated results may produce less advertising revenue than traditional Search. ChatGPT’s search volume is also reported at roughly 20% of Google’s, underscoring competition for users. Read More.
• Negative Sentiment: Heavy AI infrastructure spending pushed free cash flow negative, and management expects capital expenditures to rise further. That raises questions about when the investment will generate sufficient returns and may help explain continued pressure on the shares after earnings. Read More.
• Negative Sentiment: Several law firms publicized an existing securities class action concerning alleged statements about Gemini 3.5 Pro training results. The repeated notices do not indicate separate new cases, but the litigation could add legal and reputational risk. Read More.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several research analyst reports. Evercore reiterated an "outperform" rating and issued a $450.00 price objective on shares of Alphabet in a report on Wednesday, September 16th. UBS Group set a $332.00 target price on Alphabet and gave the company a "neutral" rating in a research report on Thursday, October 29th. Citizens Jmp cut shares of Alphabet from a "market outperform" rating to a "hold" rating in a research note on Thursday, October 29th. Susquehanna dropped their target price on shares of Alphabet from $460.00 to $400.00 and set a "positive" rating for the company in a report on Thursday, October 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of Alphabet from $420.00 to $425.00 and gave the company an "overweight" rating in a research report on Thursday, October 15th. Five research analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $412.51.

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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