Avity Investment Management Inc. Sells 3,407 Shares of Alphabet Inc. $GOOG

Key Points

• Avity Investment Management reduced its Alphabet position by 3,407 shares, or 1.9%, leaving it with 175,082 shares valued at approximately $59.7 million. Alphabet represents 3.6% of Avity’s portfolio.
• Analysts remain broadly bullish on GOOG, with six Strong Buy ratings, 35 Buy ratings and three Holds; the consensus rating is “Buy” with a $421.95 price target.
• Alphabet reported strong quarterly results, including $9.11 in earnings per share and $119.8 billion in revenue, with revenue up 24.2% year over year. Shares opened at $347.86, while the company continues expanding its AI offerings and infrastructure.

Avity Investment Management Inc. trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,082 shares of the information services provider's stock after selling 3,407 shares during the period. Alphabet comprises approximately 3.6% of Avity Investment Management Inc.'s holdings, making the stock its 10th biggest holding. Avity Investment Management Inc.'s holdings in Alphabet were worth $59,658,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Readystate Asset Management LP acquired a new position in shares of Alphabet in the second quarter worth $45,352,000. BlackRock Inc. lifted its position in shares of Alphabet by 1.4% in the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock valued at $130,704,718,000 after acquiring an additional 5,164,200 shares in the last quarter. State Street Corp boosted its stake in shares of Alphabet by 2.8% during the second quarter. State Street Corp now owns 190,923,442 shares of the information services provider's stock valued at $67,458,980,000 after acquiring an additional 5,208,690 shares during the last quarter. Auto Owners Insurance Co boosted its stake in shares of Alphabet by 38,409.2% during the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider's stock valued at $5,643,262,000 after acquiring an additional 179,369,280 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Alphabet by 2.1% during the 4th quarter. Janus Henderson Group PLC now owns 24,595,622 shares of the information services provider's stock worth $7,693,281,000 after purchasing an additional 508,718 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Analyst Ratings Changes

GOOG has been the subject of several analyst reports. China Renaissance cut their target price on shares of Alphabet from $485.00 to $445.00 and set a "buy" rating for the company in a research note on Friday, July 24th. JPMorgan Chase & Co. decreased their price target on shares of Alphabet from $460.00 to $420.00 and set an "overweight" rating on the stock in a research note on Thursday, July 23rd. Phillip Securities upgraded shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating and lowered their price target for the stock from $450.00 to $425.00 in a report on Monday, July 27th. DZ Bank raised shares of Alphabet from a "buy" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Finally, Truist Financial decreased their target price on shares of Alphabet from $430.00 to $420.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Alphabet presently has an average rating of "Buy" and a consensus price target of $421.95.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced a Gemini Agent designed to autonomously complete workplace tasks across Gmail, Docs, Sheets, Calendar, Microsoft 365, Salesforce, Jira and other business systems. The product could strengthen Google Cloud and Workspace monetization by giving enterprise customers a reason to increase AI spending. Google brings agentic AI to Gemini, starting with businesses
• Positive Sentiment: Employees are reportedly testing an even more advanced Gemini 4 model, internally codenamed Carbon. While unconfirmed and not yet a commercial launch, the report reinforces expectations that Alphabet remains competitive in the rapidly evolving AI market. Google employees test new Gemini 4 model
• Positive Sentiment: Analysts and financial commentators continue to view Alphabet as attractively valued relative to Microsoft, Amazon, Meta, Apple and Netflix. The company is growing rapidly while trading at a lower earnings multiple, supporting the argument that the stock has room to recover toward prior highs. Is Alphabet stock priced right against its peers?
• Positive Sentiment: Alphabet’s AI infrastructure strategy is expanding through long-term power and data-center investments, including reported Nordic buildouts and nuclear and microgrid arrangements. Securing reliable electricity could help address a major constraint on future AI and cloud capacity.
• Neutral Sentiment: GOOG benefited from broader technology-sector strength, with gains in major holdings helping lift the SPY and QQQ exchange-traded funds. This provides market support but is not a company-specific catalyst.
• Neutral Sentiment: A reported increase in short interest showed zero shares outstanding and a zero-day days-to-cover ratio, an internally inconsistent data point that offers no reliable trading signal.
• Negative Sentiment: Several law firms are promoting a securities class action alleging that Alphabet misled investors about Gemini development and AI issues during the May 19–July 16 class period. The lawsuits could create legal costs and reputational risk, although the announcements themselves do not establish liability. Rosen Alphabet securities class action announcement

Alphabet Stock Up 0.9%

Shares of NASDAQ GOOG opened at $347.86 on Friday. Alphabet Inc. has a 1 year low of $236.68 and a 1 year high of $404.47. The stock's 50-day simple moving average is $342.96 and its 200-day simple moving average is $346.76. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The firm has a market cap of $4.25 trillion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.00 and a beta of 1.19.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.87 by $6.24. The company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. During the same period in the prior year, the company posted $2.31 EPS. Alphabet's quarterly revenue was up 24.2% on a year-over-year basis. As a group, equities analysts anticipate that Alphabet Inc. will post 20.55 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is presently 4.42%.

Insider Buying and Selling

In other Alphabet 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 transaction, the director owned 19,076 shares of the company's stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 441,399 shares of company stock worth $8,677,053. Corporate insiders own 12.99% of the company's stock.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet's chief executive officer and also leads Google.

Google is Alphabet's primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.