Alphabet Inc. $GOOGL Stock Position Reduced by Manchester Capital Management LLC

Key Points

• Manchester Capital Management reduced its Alphabet stake by 4.1% in the third quarter, selling 2,024 shares and retaining 47,097 shares valued at approximately $16.2 million. Institutional investors and hedge funds collectively own 40.03% of GOOGL.
• Alphabet’s latest results fell short of expectations, with adjusted earnings of $2.12 per share and revenue of $127.58 billion. Heavy AI infrastructure spending left free cash flow negative, while an unrealized SpaceX investment loss and an EU antitrust fine further pressured earnings.
• Despite the earnings concerns, analysts remain broadly bullish, with a consensus “Buy” rating and $410.46 price target. Google Cloud revenue more than doubled year over year to about $30.7 billion, although several analysts have recently lowered their individual price targets.

Manchester Capital Management LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,097 shares of the information services provider's stock after selling 2,024 shares during the period. Alphabet makes up approximately 2.2% of Manchester Capital Management LLC's investment portfolio, making the stock its 11th biggest holding. Manchester Capital Management LLC's holdings in Alphabet were worth $16,205,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. Barrett & Company Inc. lifted its stake in Alphabet by 80.6% in the 3rd quarter. Barrett & Company Inc. now owns 24,286 shares of the information services provider's stock valued at $8,319,000 after buying an additional 10,841 shares in the last quarter. Farmers & Merchants Investments Inc. grew its position in Alphabet by 1.0% in the third quarter. Farmers & Merchants Investments Inc. now owns 185,481 shares of the information services provider's stock worth $63,820,000 after acquiring an additional 1,760 shares during the period. Lighthouse Financial LLC purchased a new position in Alphabet during the third quarter worth about $256,000. Towercrest Capital Management boosted its position in shares of Alphabet by 17.3% during the third quarter. Towercrest Capital Management now owns 5,078 shares of the information services provider's stock worth $1,747,000 after buying an additional 749 shares during the period. Finally, Baypointe Partners LLC acquired a new position in shares of Alphabet in the third quarter valued at approximately $1,032,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 value of $28,257.35. Following the completion of the transaction, the director owned 19,076 shares in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 247 shares of company stock valued at $79,238 over the last three months. 11.61% of the stock is currently owned by company insiders.

Alphabet Stock Performance

Shares of Alphabet stock opened at $279.84 on Friday. The firm's fifty day simple moving average is $339.07 and its 200-day simple moving average is $340.17. Alphabet Inc. has a 12 month low of $270.70 and a 12 month high of $408.61. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.64. The stock has a market capitalization of $3.42 trillion, a price-to-earnings ratio of 14.61, a PEG ratio of 0.83 and a beta of 1.21.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The company had revenue of $127.58 billion during the quarter, compared to analysts' expectations of $127.96 billion. As a group, equities analysts forecast that Alphabet Inc. will post 20.40 earnings per share for the current year.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results support Alphabet’s position as a major beneficiary of enterprise AI demand. Alphabet's Cloud Business Just Doubled
• Positive Sentiment: Several analysts remain constructive after the selloff. Guggenheim and Needham reaffirmed “buy” ratings with $450 targets, while Citigroup and Wells Fargo retained bullish ratings and projected substantial upside despite lowering their targets.
• Positive Sentiment: Alphabet’s AI ecosystem could gain from rising demand for cloud capacity and specialized chips. Waymo is also expanding internationally through a partnership with Toyota, although the business remains small relative to Alphabet’s core operations. Waymo taps Toyota to supply robotaxis
• Neutral Sentiment: Multiple securities law firms publicized class-action lawsuits and lead-plaintiff deadlines tied to alleged disclosures about Alphabet’s Gemini AI development. These notices add headline risk, but their direct financial impact remains uncertain.
• Negative Sentiment: Alphabet reported adjusted earnings of $2.12 per share, below consensus near $2.94-$3.02, while revenue of $127.6 billion also missed expectations. Search and other revenue grew about 12% to roughly $63 billion, but fell short of forecasts, reinforcing fears that AI-generated answers and “AI mode” searches may monetize less effectively than traditional Search.
• Negative Sentiment: AI infrastructure spending caused free cash flow to remain negative by roughly $9.1 billion for a second consecutive quarter. Investors are questioning whether the enormous capital outlays will produce adequate returns and whether Alphabet may need additional debt or equity financing.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment reduced quarterly earnings by approximately $0.55 per share, while an EU antitrust fine further pressured results. Analysts including RBC, Wells Fargo, Citigroup, Wedbush, KeyCorp and Cantor Fitzgerald lowered price targets, even though most maintained positive ratings.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a "buy" rating and issued a $385.00 price objective on shares of Alphabet in a research note on Thursday. Benchmark restated a "buy" rating on shares of Alphabet in a research note on Thursday, October 1st. Cantor Fitzgerald reduced their target price on shares of Alphabet from $420.00 to $350.00 and set an "overweight" rating on the stock in a report on Thursday. Rosenblatt Securities decreased their price target on shares of Alphabet from $410.00 to $380.00 and set a "buy" rating for the company in a research note on Thursday. Finally, DA Davidson decreased their price target on shares of Alphabet from $350.00 to $300.00 and set a "neutral" rating for the company in a research note on Thursday. Five research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $410.46.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.