Courier Capital LLC Sells 8,349 Shares of Alphabet Inc. $GOOGL

Key Points

• Courier Capital reduced its Alphabet stake by 30.6% in the third quarter, selling 8,349 shares and retaining 18,964 shares worth approximately $6.5 million.
• Other major institutions, including State Street, Amundi, Mitsubishi UFJ and HSBC, increased their Alphabet holdings; institutional investors collectively own about 40.03% of the company.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and average price target of $425.72, though investors continue to monitor AI spending, monetization prospects and related legal risks.

Courier Capital LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 30.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,964 shares of the information services provider's stock after selling 8,349 shares during the quarter. Alphabet comprises about 1.2% of Courier Capital LLC's investment portfolio, making the stock its 23rd biggest position. Courier Capital LLC's holdings in Alphabet were worth $6,525,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp raised its holdings 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 valued at $85,403,303,000 after buying an additional 12,718,127 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Alphabet by 0.5% during the 4th quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider's stock worth $14,208,470,000 after acquiring an additional 208,362 shares in the last quarter. Amundi boosted its stake in shares of Alphabet by 4.6% during the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider's stock worth $11,865,809,000 after acquiring an additional 1,457,371 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Alphabet by 10.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider's stock worth $6,334,186,000 after acquiring an additional 1,631,721 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Alphabet by 11.9% during the 4th quarter. Hsbc Holdings PLC now owns 16,466,253 shares of the information services provider's stock valued at $5,154,034,000 after acquiring an additional 1,749,161 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of the firm's stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the sale, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 441,399 shares of company stock valued at $8,677,053. 11.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GOOGL shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $420.00 price objective on shares of Alphabet in a research note on Monday. Morgan Stanley set a $400.00 target price on Alphabet and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Pivotal Research reaffirmed a "buy" rating and set a $475.00 target price (up from $470.00) on shares of Alphabet in a research report on Thursday, July 23rd. Jefferies Financial Group reiterated a "buy" rating on shares of Alphabet in a report on Monday, June 22nd. Finally, Zacks Research lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Five analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Alphabet currently has an average rating of "Buy" and an average price target of $425.72.

Key Stories Impacting Alphabet

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

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $353.78 on Wednesday. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The business's 50 day moving average is $345.00 and its two-hundred day moving average is $350.40. The company has a market cap of $4.33 trillion, a P/E ratio of 17.77, a P/E/G ratio of 1.02 and a beta of 1.21. Alphabet Inc. has a 12 month low of $240.51 and a 12 month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. On average, equities analysts expect that Alphabet Inc. will post 20.54 EPS for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 14th. Investors 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 dividend on an annualized basis and a yield of 0.2%. Alphabet's payout ratio is 4.42%.

Alphabet 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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