Alphabet Inc. $GOOGL Stock Sold by Maxi Investments CY Ltd

Key Points

• Maxi Investments CY Ltd cut its Alphabet stake by 10% in the third quarter, selling 9,423 shares; it retained 84,375 shares valued at about $29 million, its fourth-largest portfolio holding.
• Other named institutional investors increased their positions, while hedge funds and institutions collectively owned 40.03% of Alphabet.
• Alphabet reported quarterly EPS of $2.12, below the $3.02 consensus estimate. Analysts nevertheless maintained a consensus “Buy” rating and a $412.51 target price.

Maxi Investments CY Ltd decreased its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 10.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,375 shares of the information services provider's stock after selling 9,423 shares during the period. Alphabet makes up 5.3% of Maxi Investments CY Ltd's portfolio, making the stock its 4th largest holding. Maxi Investments CY Ltd's holdings in Alphabet were worth $29,032,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GOOGL. AGH Wealth Advisors LLC grew its position in Alphabet by 2.2% in the third quarter. AGH Wealth Advisors LLC now owns 8,732 shares of the information services provider's stock valued at $3,005,000 after acquiring an additional 191 shares during the period. Flagship Harbor Advisors LLC raised its stake in Alphabet by 4.3% during the third quarter. Flagship Harbor Advisors LLC now owns 56,668 shares of the information services provider's stock worth $19,498,000 after acquiring an additional 2,319 shares in the last quarter. Geneva Partners LLC lifted its holdings in shares of Alphabet by 0.9% during the third quarter. Geneva Partners LLC now owns 47,809 shares of the information services provider's stock valued at $16,450,000 after acquiring an additional 438 shares during the period. Sage Investment Counsel LLC lifted its holdings in shares of Alphabet by 6.1% during the third quarter. Sage Investment Counsel LLC now owns 1,174 shares of the information services provider's stock valued at $404,000 after acquiring an additional 68 shares during the period. Finally, Plimoth Trust Co. LLC lifted its holdings in shares of Alphabet by 2.3% during the third quarter. Plimoth Trust Co. LLC now owns 54,758 shares of the information services provider's stock valued at $18,841,000 after acquiring an additional 1,205 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year in the latest quarter, and its reported backlog was about $561 billion, highlighting strong enterprise demand. Read More.
• Positive Sentiment: Alphabet is in preliminary discussions related to the U.S. “Golden Dome” defense initiative. A contract could create a new, recurring revenue stream and help monetize its infrastructure investments, though no deal has been confirmed. Read More.
• Neutral Sentiment: Google plans to make its AI tools opt-in for K-12 students, responding to concerns from educators and policymakers. Reports that restricting AI could also limit Search have drawn political criticism, creating reputational risk while the company adjusts its school policies. Read More.
• Negative Sentiment: Recent earnings concerns continue to weigh on the outlook: Alphabet missed quarterly EPS expectations, Search growth slowed, and AI-generated results may produce less advertising revenue than traditional Search. ChatGPT’s search volume is also reported at roughly 20% of Google’s, underscoring competition for users. Read More.
• Negative Sentiment: Heavy AI infrastructure spending pushed free cash flow negative, and management expects capital expenditures to rise further. That raises questions about when the investment will generate sufficient returns and may help explain continued pressure on the shares after earnings. Read More.
• Negative Sentiment: Several law firms publicized an existing securities class action concerning alleged statements about Gemini 3.5 Pro training results. The repeated notices do not indicate separate new cases, but the litigation could add legal and reputational risk. Read More.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 83 shares of the firm's stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders sold 247 shares of company stock valued at $79,238. Corporate insiders own 11.61% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on GOOGL. Truist Financial lowered their target price on shares of Alphabet from $420.00 to $410.00 and set a "buy" rating on the stock in a report on Thursday, October 29th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a report on Thursday, October 15th. Piper Sandler set a $345.00 target price on shares of Alphabet and gave the company an "overweight" rating in a research note on Thursday, October 29th. Moffett Nathanson set a $345.00 target price on Alphabet in a report on Thursday, October 29th. Finally, UBS Group set a $332.00 price objective on shares of Alphabet and gave the company a "neutral" rating in a research report on Thursday, October 29th. Five research analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $412.51.

Alphabet Price Performance

Alphabet stock opened at $280.03 on Wednesday. The business's 50-day simple moving average is $336.39 and its 200 day simple moving average is $339.61. The stock has a market cap of $3.42 trillion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 0.84 and a beta of 1.23. Alphabet Inc. has a 12-month low of $270.70 and a 12-month high of $408.61. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued 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 business 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, research analysts anticipate that Alphabet Inc. will post 19.86 earnings per share for the current year.

Alphabet Dividend Announcement

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

Alphabet 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.

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