Alphabet Inc. $GOOGL Stock Sold by GEM Asset Management LLC

Key Points

• GEM Asset Management cut its Alphabet stake by 75.1% in the third quarter, selling 3,108 shares and retaining 1,030 shares valued at approximately $354,000.
• Other major institutional investors—including State Street, Amundi and Mitsubishi UFJ—expanded their positions, while institutional and hedge-fund ownership stood at 40.03%.
• Analyst sentiment remains favorable, with Alphabet holding a consensus “Buy” rating and an average price target of $425.72. Investors are weighing strong AI and cloud growth prospects against substantial AI-related capital spending and legal risks.

GEM Asset Management LLC decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 75.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,030 shares of the information services provider's stock after selling 3,108 shares during the period. GEM Asset Management LLC's holdings in Alphabet were worth $354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of Alphabet by 5.6% in the second 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 during the last quarter. Invesco Ltd. lifted its position in shares of Alphabet by 0.5% during 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 lifted its position 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. lifted its position in shares of 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 worth $6,334,186,000 after purchasing an additional 1,631,721 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Alphabet by 7.1% during the first quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider's stock valued at $4,911,467,000 after purchasing an additional 1,139,400 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Trending Headlines about 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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GOOGL shares. Wall Street Zen lowered shares of Alphabet from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Tigress Financial restated a "strong-buy" rating and issued a $485.00 price objective (up from $415.00) on shares of Alphabet in a research report on Thursday, September 17th. BMO Capital Markets set a $465.00 price objective on Alphabet and gave the stock an "outperform" rating in a report on Thursday, July 23rd. Evercore reiterated an "outperform" rating and issued a $450.00 price objective on shares of Alphabet in a research report on Wednesday, September 16th. Finally, Morgan Stanley set a $400.00 target price on Alphabet and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Five investment 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 company. According to data from MarketBeat.com, Alphabet currently has an average rating of "Buy" and a consensus target price of $425.72.

Alphabet Stock Up 0.3%

Shares of 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 current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 1 year low of $240.51 and a 1 year high of $408.61. The firm's 50-day moving average is $345.00 and its 200-day moving average is $350.40.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.89 by $6.22. The company had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Equities analysts expect that Alphabet Inc. will post 20.54 EPS for the current year.

Alphabet Announces Dividend

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

Insider Buying and Selling at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer owned 27,386 shares of the company's stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 441,399 shares of company stock valued at $8,677,053. 11.61% of the stock is currently owned by insiders.

Alphabet 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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