Alphabet Inc. $GOOGL Stock Sold by Montrusco Bolton Investments Inc.

Key Points

• Montrusco Bolton Investments cut its Alphabet stake by 13% in the third quarter, selling 141,633 shares and retaining 951,981 shares worth approximately $327.6 million. Alphabet remains the fund’s fourth-largest holding.
• Alphabet reported strong quarterly results, with $9.11 in earnings per share and $119.8 billion in revenue, exceeding analyst expectations. Analysts maintain a consensus “Buy” rating with an average price target of $425.72.
• Investor attention remains focused on Alphabet’s AI growth, including the Gemini 4 Argon launch, expanding Google Cloud demand and potential value from its TPU business, while high AI capital spending and related legal risks remain concerns.

Montrusco Bolton Investments Inc. reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 13.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 951,981 shares of the information services provider's stock after selling 141,633 shares during the quarter. Alphabet accounts for about 5.3% of Montrusco Bolton Investments Inc.'s holdings, making the stock its 4th biggest holding. Montrusco Bolton Investments Inc.'s holdings in Alphabet were worth $327,558,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GOOGL. State Street Corp raised its stake in Alphabet by 5.6% during 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 in the last quarter. Diamant Asset Management Inc. boosted its stake in shares of Alphabet by 28,950.0% in the 1st quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider's stock valued at $2,671,986,000 after purchasing an additional 9,259,940 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Alphabet by 90.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider's stock valued at $4,900,078,000 after purchasing an additional 8,112,680 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Alphabet by 127.9% in the 4th quarter. Corient Private Wealth LLC now owns 11,677,886 shares of the information services provider's stock valued at $3,655,178,000 after purchasing an additional 6,554,842 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its holdings in shares of Alphabet by 45.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,737,125 shares of the information services provider's stock valued at $4,299,721,000 after purchasing an additional 4,313,745 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Price Performance

Shares of GOOGL opened at $353.78 on Wednesday. Alphabet Inc. has a 1 year low of $240.51 and a 1 year high of $408.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The company has a market capitalization of $4.33 trillion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21. The business has a 50-day moving average of $345.00 and a 200-day moving average of $350.40.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The business had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. As a group, equities research analysts anticipate that Alphabet Inc. will post 20.54 earnings per share for the current year.

Alphabet Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GOOGL. Benchmark reiterated a "buy" rating on shares of Alphabet in a research report on Thursday, October 1st. Citizens Jmp reissued a "market outperform" rating and issued a $515.00 price objective on shares of Alphabet in a research note on Wednesday, July 22nd. Rosenblatt Securities restated a "buy" rating and issued a $410.00 target price on shares of Alphabet in a research report on Thursday, September 3rd. Phillip Securities upgraded shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 27th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $450.00 target price on shares of Alphabet in a research note on Thursday, October 8th. Five 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $425.72.

More Alphabet News

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

Insiders Place Their Bets

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company's stock in a transaction on Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction on 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 owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 441,399 shares of company stock worth $8,677,053. 11.61% of the stock is currently owned by insiders.

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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