Carnegie Investment Counsel Sells 6,811 Shares of Alphabet Inc. $GOOG

Carnegie Investment Counsel lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 212,094 shares of the information services provider's stock after selling 6,811 shares during the quarter. Alphabet comprises about 1.4% of Carnegie Investment Counsel's investment portfolio, making the stock its 13th biggest holding. Carnegie Investment Counsel's holdings in Alphabet were worth $72,269,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Castlekeep Investment Advisors LLC acquired a new position in shares of Alphabet in the second quarter worth about $29,000. Timbuktu Capital Management LLC acquired a new position in Alphabet in the second quarter worth approximately $46,000. Robinswood Financial LLC bought a new position in shares of Alphabet during the 1st quarter valued at $57,000. Commonwealth Retirement Investments LLC bought a new stake in shares of Alphabet during the 2nd quarter worth about $86,000. Finally, Harborfront Financial Group LLC acquired a new position in Alphabet during the second quarter valued at approximately $89,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $317.28 on Friday. Alphabet Inc. has a 52 week low of $256.10 and a 52 week high of $404.47. 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 stock has a 50 day moving average price of $339.42 and a 200 day moving average price of $350.21. The stock has a market capitalization of $3.88 trillion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating analysts' consensus estimates of $2.87 by $6.24. The firm had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.31 earnings per share. Analysts predict that Alphabet Inc. will post 20.60 earnings per share for the current fiscal year.

Insider Activity at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm's stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 315,765 shares of company stock worth $6,297,980. Insiders own 12.99% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GOOG. KeyCorp set a $410.00 price objective on Alphabet in a research report on Monday. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $420.00 price target (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. TD Cowen reissued a "buy" rating and issued a $485.00 target price (up from $475.00) on shares of Alphabet in a report on Thursday, October 8th. Truist Financial lowered their price objective on shares of Alphabet from $430.00 to $420.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Finally, Piper Sandler lifted their price objective on Alphabet from $395.00 to $400.00 and gave the stock an "overweight" rating in a research report on Monday, September 28th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of "Buy" and an average target price of $421.85.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI and cloud growth remain key positives. Analysts highlight accelerating Google Cloud growth, expanding operating margins, rising subscriptions and Alphabet’s distribution advantage for Gemini. Google Cloud also announced general availability of an Anthropic-managed deployment option for Claude models, potentially broadening enterprise AI adoption. Alphabet: Gemini 4 Argon Is Coming For ChatGPT's Lunch
• Positive Sentiment: Several longer-term growth opportunities support the stock. Articles point to Alphabet’s proprietary AI chips, which could become a major business, as well as a reported quantum-computing error-reduction breakthrough. Analysts also raised an Alphabet FY2027 EPS estimate modestly, reinforcing the view that earnings potential remains strong. Google's AI chip could become a $75 billion business
• Neutral Sentiment: Q3 earnings are the next major catalyst. Preview articles expect investors to focus on advertising, Google Cloud growth, AI adoption, capital expenditures and margins. Results could determine whether Alphabet’s heavy AI investment is viewed as generating sufficient returns. Alphabet's Q3 Could Change the Narrative on Its AI Spending
• Negative Sentiment: AI execution concerns are the primary negative catalyst. Reports allege that Gemini 3.5 Pro was delayed or behind schedule and that investors were not adequately informed about development setbacks. The allegations contributed to a sharp prior sell-off and have prompted multiple securities-fraud class-action notices. Google Investor Alert: Alphabet Inc. Securities Class Action Notice
• Negative Sentiment: Litigation headlines add reputational and financial uncertainty. Several law firms are seeking lead plaintiffs for lawsuits covering investors who purchased Alphabet securities between May 19 and July 16, 2026, with deadlines around November 30 or December 1. The notices largely repeat the same allegations, so they may amplify sentiment risk more than they introduce new information. Kaplan Fox Alphabet Class Action Notice
• Negative Sentiment: Investors remain concerned about AI capital intensity. Large compute commitments, data-center spending and higher interest rates are raising questions about whether future returns will justify the investment. Broader AI-stock selling and ETF net selling have added pressure to Alphabet’s valuation. Google Is Paying SpaceX $11 Billion a Year for Compute

Alphabet Company Profile

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google's principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.

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