Alphabet Inc. $GOOGL Stock: Thurston Springer Miller Herd & Titak Inc. Decreases Holdings

Key Points

• Thurston Springer Miller Herd & Titak Inc. cut its Alphabet stake by 79.7% in the third quarter, selling 5,489 shares and retaining 1,401 shares valued at approximately $482,000.
• Alphabet continues to receive strong institutional and analyst support: institutional investors own 40.03% of shares, while analysts maintain a consensus “Buy” rating with an average price target of $425.74.
• Alphabet reported better-than-expected quarterly results, with $119.8 billion in revenue and $9.11 EPS, but investors are weighing heavy AI infrastructure spending, insider selling and related litigation risks.

Thurston Springer Miller Herd & Titak Inc. reduced its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 79.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,401 shares of the information services provider's stock after selling 5,489 shares during the quarter. Alphabet makes up about 0.8% of Thurston Springer Miller Herd & Titak Inc.'s investment portfolio, making the stock its 20th biggest holding. Thurston Springer Miller Herd & Titak Inc.'s holdings in Alphabet were worth $482,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Koa Wealth Management LLC grew its position in shares of Alphabet by 5.5% during the 3rd quarter. Koa Wealth Management LLC now owns 33,482 shares of the information services provider's stock valued at $11,520,000 after buying an additional 1,741 shares during the last quarter. First Citizens Bank & Trust Co. raised its stake in Alphabet by 86.7% during the third quarter. First Citizens Bank & Trust Co. now owns 227,361 shares of the information services provider's stock worth $78,230,000 after acquiring an additional 105,563 shares during the period. Roberts Wealth Advisors LLC raised its stake in Alphabet by 1.1% during the third quarter. Roberts Wealth Advisors LLC now owns 11,474 shares of the information services provider's stock worth $3,948,000 after acquiring an additional 121 shares during the period. ASK Capital Investment Managers LLC acquired a new stake in Alphabet during the third quarter worth about $5,667,000. Finally, Q Fund Management Hong Kong Ltd lifted its holdings in Alphabet by 13,435.0% in the third quarter. Q Fund Management Hong Kong Ltd now owns 27,070 shares of the information services provider's stock worth $9,314,000 after acquiring an additional 26,870 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Activity

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares of the company's stock, valued at approximately $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. Over the last 90 days, insiders have sold 441,399 shares of company stock valued at $8,677,053. Insiders own 11.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GOOGL. DZ Bank upgraded Alphabet to a "strong-buy" rating in a research note on Thursday, July 23rd. Benchmark reaffirmed a "buy" rating on shares of Alphabet in a report on Thursday, October 1st. Royal Bank Of Canada reiterated an "outperform" rating and set a $425.00 price target on shares of Alphabet in a research report on Thursday, July 23rd. Phillip Securities raised Alphabet from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 27th. Finally, DA Davidson set a $350.00 price target on Alphabet and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Five 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 stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Buy" and a consensus target price of $425.74.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google launched Gemini 4 Argon, a new frontier AI model for developers, businesses and paid users. The model includes expanded coding and knowledge-work capabilities, potentially strengthening Alphabet’s competitive position and supporting future Cloud and subscription revenue. Google launches flagship AI model Gemini 4 Argon for developers and businesses
• Positive Sentiment: UBS raised its Alphabet price target, while BNP Paribas reportedly lifted its target to $450 based partly on the outlook for Alphabet’s in-house Tensor Processing Units. Analysts see potential for the chip business to become a significant revenue opportunity. Alphabet target bumped to $450 at BNP Paribas on TPU outlook
• Positive Sentiment: American Electric Power plans to invest approximately $4 billion in Wyoming fuel-cell generation to serve Google’s growing electricity demand. The project supports Alphabet’s expanding data-center and AI infrastructure capacity, although it also highlights the significant cost of scaling AI. American Electric Power to invest $4 billion fuel-cell project to power Google
• Neutral Sentiment: Alphabet’s Google DeepMind and Google Cloud will give European researchers access to frontier AI models, potentially improving research adoption and ecosystem influence. Meanwhile, the European Commission said it remains in dialogue with Google, leaving regulatory implications unclear.
• Negative Sentiment: Multiple law firms publicized a securities class action covering investors who purchased Alphabet shares between May 19 and July 16, 2026. The lawsuit alleges Alphabet misrepresented delays and training problems involving the Gemini 3.5 Pro launch after a subsequent stock decline. The repeated notices increase headline, litigation and reputational risk, although they do not represent new findings of liability. Alphabet AI issues and subsequent stock drop trigger securities-fraud class action
• Negative Sentiment: Investor commentary also flagged heavy AI capital spending and the gap between operating cash flow and free cash flow, reinforcing concerns that data-center expansion could pressure near-term cash generation despite strong reported earnings.

Alphabet Trading Down 1.7%

Shares of NASDAQ:GOOGL opened at $347.64 on Thursday. The company has a market cap of $4.25 trillion, a PE ratio of 17.46, a P/E/G ratio of 1.02 and a beta of 1.21. The company's 50-day moving average price is $344.71 and its 200 day moving average price is $350.87. Alphabet Inc. has a fifty-two week low of $244.15 and a fifty-two week high of $408.61. 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 (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. Sell-side analysts anticipate that Alphabet Inc. will post 20.54 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were issued a dividend of $0.22 per share. 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 4.42%.

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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