Balentine LLC Sells 4,999 Shares of Alphabet Inc. $GOOG

Balentine LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 43.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,477 shares of the information services provider's stock after selling 4,999 shares during the period. Balentine LLC's holdings in Alphabet were worth $2,207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Readystate Asset Management LP acquired a new stake in Alphabet during the 2nd quarter valued at $45,352,000. BlackRock Inc. increased its holdings 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 purchasing an additional 5,164,200 shares during the last quarter. State Street Corp increased its holdings in shares of Alphabet by 2.8% in 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 purchasing an additional 5,208,690 shares during the last quarter. Amundi increased its holdings in shares of Alphabet by 22.9% in the first quarter. Amundi now owns 21,922,379 shares of the information services provider's stock valued at $6,288,654,000 after purchasing an additional 4,083,758 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Alphabet by 5.6% in the second quarter. Deutsche Bank AG now owns 17,313,729 shares of the information services provider's stock valued at $6,117,460,000 after purchasing an additional 913,666 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Alphabet Trading Up 0.7%

Shares of GOOG stock opened at $286.01 on Tuesday. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.50 trillion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 0.87 and a beta of 1.21. The stock has a 50 day simple moving average of $328.65 and a 200 day simple moving average of $336.80. Alphabet Inc. has a 1 year low of $271.41 and a 1 year high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.01 by ($0.89). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The company had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.97 billion. During the same period in the prior year, the company earned $2.87 EPS. The company's quarterly revenue was up 24.7% compared to the same quarter last year. On average, research analysts predict that Alphabet Inc. will post 19.80 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Insider Activity

In related 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 owned 19,076 shares in the company, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 247 shares of company stock worth $79,238. Corporate insiders own 12.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Phillip Securities upgraded shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating and cut their target price for the stock from $450.00 to $425.00 in a research note on Monday, July 27th. Scotiabank reiterated a "sector outperform" rating and issued a $375.00 price target (down from $450.00) on shares of Alphabet in a research note on Thursday, October 29th. Stifel Nicolaus set a $485.00 price objective on shares of Alphabet in a research report on Thursday, October 8th. Bank of America restated a "buy" rating on shares of Alphabet in a report on Thursday, October 29th. Finally, Citic Securities boosted their price objective on Alphabet from $430.00 to $434.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $413.38.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced two new versions of its eighth-generation Tensor Processing Units (TPUs), expanding its offerings for large and sensitive AI workloads. Investors may see the chips as a way to strengthen Google Cloud and challenge Nvidia in AI infrastructure. Alphabet stock rises as Google expands AI chip lineup to challenge Nvidia
• Positive Sentiment: Google Cloud selected AMD’s fifth-generation EPYC processors to host its TPU 8tx systems. The deal supports Alphabet’s AI infrastructure plans and shows the potential for partnerships alongside its in-house chips. AMD Stock Rises On Google Cloud Deal, Wall Street Upgrade
• Neutral Sentiment: Several law firms publicized a securities class action concerning Alphabet shares bought between May 19 and July 16, 2026, with lead-plaintiff deadlines around November 30 and December 1. The claims—including alleged misrepresentation of a Gemini model launch timeline—are allegations, and the announcements do not establish wrongdoing. Alphabet Deadline Alert: Levi & Korsinsky
• Negative Sentiment: JPMorgan removed Alphabet from its Analyst Focus List, while retaining an Overweight rating, citing slower AI search monetization and heavy infrastructure spending. Those concerns could weigh on expectations for returns from Alphabet’s substantial AI investment. JPMorgan Just Removed Alphabet From Its Analyst Focus List
• Negative Sentiment: Federal safety regulators opened an investigation into Waymo robotaxis reportedly continuing to pass stopped school buses after a software fix. The probe adds regulatory and reputational risk to Alphabet’s autonomous-driving business. Waymo robotaxis kept illegally passing school buses after software fix, feds say

About Alphabet

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer.

Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.

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.