Alphabet Inc. $GOOGL Stock: Hollow Brook Wealth Management LLC Reduces Stake

Key Points

• Hollow Brook Wealth Management cut its Alphabet stake by 24.7% in the third quarter, selling 6,683 shares and retaining 20,388 shares valued at about $7.0 million.
• Alphabet reported quarterly EPS of $2.12, below the $3.02 consensus estimate; revenue of $127.58 billion also narrowly missed forecasts.
• Google expanded its AI-chip lineup with two new TPU versions, while analysts remain broadly positive: MarketBeat reported an average “Buy” rating and a $412.51 average price target.

Hollow Brook Wealth Management LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 24.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,388 shares of the information services provider's stock after selling 6,683 shares during the period. Alphabet comprises approximately 1.2% of Hollow Brook Wealth Management LLC's investment portfolio, making the stock its 16th biggest position. Hollow Brook Wealth Management LLC's holdings in Alphabet were worth $7,015,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Alphabet by 5.6% during the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock worth $85,403,303,000 after acquiring an additional 12,718,127 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Alphabet by 90.9% during the first 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 period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Alphabet during the third quarter worth $1,612,704,000. Amundi raised its position in shares of Alphabet by 12.7% during the first quarter. Amundi now owns 31,745,979 shares of the information services provider's stock worth $9,128,850,000 after purchasing an additional 3,574,810 shares during the period. Finally, Jupiter Topco LLC purchased a new stake in shares of Alphabet during the second quarter valued at $1,058,385,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Activity

In other Alphabet news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the sale, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. The trade was a 0.43% 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. In the last three months, insiders sold 247 shares of company stock worth $79,238. 11.61% of the stock is owned by insiders.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced two new versions of its eighth-generation Tensor Processing Units, broadening its AI-chip offerings and sharpening its challenge to Nvidia. Investors may see custom chips as a way to support Google Cloud growth and reduce reliance on outside suppliers. Alphabet stock rises as Google expands AI chip lineup to challenge Nvidia
• Neutral Sentiment: JPMorgan removed Alphabet from its Analyst Focus List but maintained an Overweight rating. The firm cited slower AI-search monetization and substantial infrastructure spending, highlighting execution risks without changing its overall positive rating. JPMorgan Just Removed Alphabet From Its Analyst Focus List
• Negative Sentiment: Federal safety regulators opened a new investigation into Waymo after reports that its robotaxis continued to pass stopped school buses despite a prior software fix. The probe could bring regulatory, reputational or operational costs for Alphabet’s autonomous-driving business. Waymo robotaxis kept illegally passing school buses after software fix, feds say
• Negative Sentiment: Several law firms publicized an existing securities class action concerning Alphabet investors who bought shares from May 19 to July 16, 2026. The lawsuit alleges investors were misled about the Gemini 3.5 Pro launch timeline; the lead-plaintiff deadlines are November 30 or December 1. Repeated notices may add legal overhang, though they are not new court findings. Alphabet Deadline Alert: Levi & Korsinsky Reminds Investors of Securities Class Action Deadline

Alphabet Trading Up 1.2%

NASDAQ:GOOGL opened at $288.15 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69. Alphabet Inc. has a fifty-two week low of $270.70 and a fifty-two week high of $408.61. The stock's 50-day moving average is $331.76 and its two-hundred day moving average is $338.77. The stock has a market cap of $3.52 trillion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 0.87 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.90). The company had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.96 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. As a group, equities research analysts forecast that Alphabet Inc. will post 19.86 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet's payout ratio is currently 4.59%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GOOGL shares. BMO Capital Markets reissued an "outperform" rating and issued a $480.00 price target (up from $465.00) on shares of Alphabet in a research note on Tuesday, October 20th. KeyCorp reduced their price objective on shares of Alphabet from $410.00 to $385.00 and set an "overweight" rating for the company in a research note on Thursday, October 29th. Wall Street Zen cut shares of Alphabet from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Tigress Financial reissued a "strong-buy" rating and issued a $485.00 target price (up from $415.00) on shares of Alphabet in a research report on Thursday, September 17th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research report on Thursday, October 15th. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $412.51.

About Alphabet

Alphabet Inc is a technology holding company whose largest business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company reorganized its businesses under the holding-company structure in 2015.

Google's products and services include Search, YouTube, Android, Chrome, Google Maps, Google Play and Google Cloud. The company also generates revenue from digital advertising and offers devices, subscriptions and artificial intelligence products and services.

Alphabet serves consumers, businesses and organizations around the world.

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