Alphabet Inc. $GOOGL Stock Sold by Fagan Associates Inc.

Key Points

• Fagan Associates reduced its Alphabet position by 1.2%, selling 2,883 shares and retaining 231,393 shares worth approximately $79.6 million. Alphabet remains the firm’s largest holding, representing about 9.1% of its portfolio.
• Alphabet’s outlook remains broadly positive, supported by the launch of Gemini 4 Argon, strong Google Cloud demand, and optimism about its TPU chip business. Analysts maintain a consensus “Buy” rating with an average price target of $425.72.
• Investors continue to weigh Alphabet’s substantial AI infrastructure spending and related free-cash-flow concerns, while insiders sold approximately $8.7 million of stock over the past three months. The company also faces legal scrutiny over alleged disclosures concerning its Gemini models.

Fagan Associates Inc. cut its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 231,393 shares of the information services provider's stock after selling 2,883 shares during the quarter. Alphabet makes up about 9.1% of Fagan Associates Inc.'s holdings, making the stock its biggest position. Fagan Associates Inc.'s holdings in Alphabet were worth $79,618,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. EMC Capital Management acquired a new stake in shares of Alphabet in the fourth quarter valued at about $33,000. Lifetime Wealth Management P.C. acquired a new position in shares of Alphabet during the 4th quarter worth about $32,000. Core Capital Management & Research inc. acquired a new position in shares of Alphabet during the 2nd quarter worth about $41,000. Premier Financial Group acquired a new position in shares of Alphabet during the 2nd quarter worth about $45,000. Finally, Graney & King LLC boosted its stake in Alphabet by 38.5% during the 2nd quarter. Graney & King LLC now owns 180 shares of the information services provider's stock valued at $64,000 after purchasing an additional 50 shares during the period. Institutional investors own 40.03% of the company's stock.

Insiders Place Their Bets

In related news, Director Frances Arnold sold 83 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the sale, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 441,399 shares of company stock worth $8,677,053 over the last three months. 11.61% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google launched Gemini 4 Argon for developers, businesses and paying users, highlighting capabilities in coding, finance and legal work. The release strengthens Alphabet’s position in the generative-AI race, although some commentary suggests Wall Street may need evidence of meaningful monetization before assigning substantial value. Google launches flagship AI model Gemini 4 Argon for developers, businesses
• Positive Sentiment: BNP Paribas raised its Alphabet price target to $450, citing the outlook for Alphabet’s internally developed tensor processing units (TPUs). Another analyst said Alphabet’s AI-chip business could unlock as much as $100 billion in value by 2028, while Cantor Fitzgerald maintained an Overweight rating with a $420 target. Alphabet target bumped to $450 at BNP Paribas on TPU outlook
• Positive Sentiment: Coverage remains constructive on Alphabet’s expanding Google Cloud business, roughly $514 billion cloud backlog and growing AI-related demand. Google’s 3.6-gigawatt nuclear-power agreement with Constellation also underscores its long-term effort to secure electricity for AI data centers. Nuclear ETFs in spotlight as Google and Constellation sign deal
• Neutral Sentiment: Google expanded its consumer ecosystem with a $180 Fitbit Edge wearable and private, user-created Android apps distributed through Google Play. These initiatives could increase engagement and subscription revenue, but their near-term earnings impact is unclear. Google Play now supports private vibe-coded apps
• Negative Sentiment: Several law firms publicized a securities class action alleging Alphabet misrepresented the progress of its Gemini 3.5 Pro model, including training setbacks and a missed June 2026 launch target. The case covers investors who purchased shares from May 19 through July 16, with lead-plaintiff deadlines generally falling around November 30 or December 1. The repeated notices increase headline and legal risk, though they do not represent a court finding of wrongdoing. Alphabet AI issues and securities fraud class action
• Negative Sentiment: Analysts and investors remain focused on Alphabet’s very large AI capital expenditures. The gap between operating cash flow and free cash flow raises concerns that accelerating data-center spending could pressure returns, even as reported earnings remain strong. Apple’s new HomeView smart-home initiative also adds competitive pressure in devices and AI assistants. Does the risk-reward profile still favor Alphabet investors

Alphabet Stock Performance

NASDAQ:GOOGL opened at $353.78 on Wednesday. The firm has a market capitalization of $4.33 trillion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $240.51 and a 12-month high of $408.61. The firm has a 50-day moving average price of $345.00 and a 200 day moving average price of $350.40.

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, topping analysts' consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Research analysts anticipate that Alphabet Inc. will post 20.54 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, September 4th. Alphabet's dividend payout ratio is 4.42%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GOOGL. Cantor Fitzgerald reiterated an "overweight" rating and set a $420.00 price target on shares of Alphabet in a report on Monday. Phillip Securities raised Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 27th. DZ Bank upgraded shares of Alphabet to a "strong-buy" rating in a research note on Thursday, July 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $425.00 target price on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Tigress Financial reiterated a "strong-buy" rating and set a $485.00 target price (up from $415.00) on shares of Alphabet in a research note on Thursday, September 17th. Five research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $425.72.

About Alphabet

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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