Alphabet Inc. $GOOGL Stock Sold by Douglas Lane & Associates LLC

Key Points

• Douglas Lane & Associates reduced its Alphabet stake by 4.1%, selling 6,448 shares and retaining 150,376 shares valued at approximately $51.7 million. Institutional investors and hedge funds collectively own 40.03% of the company.
• Alphabet’s AI strategy remains a major focus, with the launch of Gemini Agent, reported testing of Gemini 4 Carbon, and a roughly $13 billion Nordic AI data-center investment aimed at supporting cloud growth and addressing power constraints.
• Wall Street sentiment remains positive: Alphabet carries a consensus “Buy” rating with an average price target of $425.72, while the company recently reported quarterly revenue of $119.8 billion and earnings that exceeded analyst estimates.

Douglas Lane & Associates LLC lowered its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 150,376 shares of the information services provider's stock after selling 6,448 shares during the period. Douglas Lane & Associates LLC's holdings in Alphabet were worth $51,741,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp raised its holdings 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 valued at $85,403,303,000 after purchasing an additional 12,718,127 shares in the last quarter. Invesco Ltd. boosted its holdings in Alphabet by 0.5% in the fourth quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider's stock worth $14,208,470,000 after purchasing an additional 208,362 shares in the last quarter. Amundi increased its position in 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 buying an additional 1,457,371 shares during the last quarter. Nuveen LLC boosted its position in Alphabet by 1.7% during the fourth quarter. Nuveen LLC now owns 29,166,806 shares of the information services provider's stock worth $9,129,210,000 after purchasing an additional 478,848 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Alphabet by 10.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider's stock valued at $6,334,186,000 after purchasing an additional 1,631,721 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Alphabet

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

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 83 shares of the company's 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 transaction, the director owned 19,076 shares in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 441,399 shares of company stock valued at $8,677,053 over the last ninety days. 11.61% of the stock is owned by insiders.

Alphabet Stock Performance

NASDAQ GOOGL opened at $351.66 on Friday. Alphabet Inc. has a 1-year low of $235.84 and a 1-year high of $408.61. The company has a 50 day moving average of $345.90 and a 200-day moving average of $349.18. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.30 trillion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.01 and a beta of 1.21.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating 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 firm had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. On average, equities analysts forecast that Alphabet Inc. will post 20.55 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GOOGL shares. Wedbush reiterated an "outperform" rating and issued a $445.00 target price on shares of Alphabet in a research note on Thursday, July 23rd. Piper Sandler raised their target price on Alphabet from $395.00 to $400.00 and gave the company an "overweight" rating in a report on Monday, September 28th. Evercore reissued an "outperform" rating and issued a $450.00 price objective on shares of Alphabet in a research report on Wednesday, September 16th. Needham & Company LLC reaffirmed a "buy" rating and set a $450.00 target price on shares of Alphabet in a research report on Thursday. Finally, Roth Capital restated a "buy" rating and issued a $440.00 price target (up from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of "Buy" and a consensus price target of $425.72.

Alphabet Company Profile

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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