Edgemoor Investment Advisors Inc. Sells 4,879 Shares of Alphabet Inc. $GOOG

Key Points

• Edgemoor Investment Advisors reduced its Alphabet stake by 2.4%, selling 4,879 shares in the third quarter. It still held 197,087 shares, worth about $67.2 million and representing 4.5% of its portfolio.
• Alphabet reported quarterly EPS of $2.12, below the $3.01 consensus estimate; revenue of $127.58 billion also slightly missed estimates, although it rose 24.7% year over year.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $413.38. Alphabet also declared a quarterly dividend of $0.22 per share.

Edgemoor Investment Advisors Inc. lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 197,087 shares of the information services provider's stock after selling 4,879 shares during the period. Alphabet makes up 4.5% of Edgemoor Investment Advisors Inc.'s investment portfolio, making the stock its 6th biggest holding. Edgemoor Investment Advisors Inc.'s holdings in Alphabet were worth $67,155,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in GOOG. BCS Wealth Management raised its stake in shares of Alphabet by 1.4% in the 3rd quarter. BCS Wealth Management now owns 3,416 shares of the information services provider's stock valued at $1,164,000 after buying an additional 47 shares in the last quarter. St. Louis Trust Co acquired a new stake in Alphabet during the third quarter valued at approximately $623,000. Means Investment CO. Inc. grew its stake in shares of Alphabet by 1.4% in the 3rd quarter. Means Investment CO. Inc. now owns 97,658 shares of the information services provider's stock valued at $33,276,000 after purchasing an additional 1,307 shares during the period. Paragon Advisors LLC bought a new stake in shares of Alphabet in the 3rd quarter valued at approximately $348,000. Finally, Elite Wealth Management Inc. increased its holdings in Alphabet by 144.0% during the 3rd quarter. Elite Wealth Management Inc. now owns 28,167 shares of the information services provider's stock valued at $9,598,000 after purchasing an additional 16,623 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction dated 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 directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 247 shares of company stock worth $79,238. Company insiders own 12.99% of the company's stock.

Alphabet Stock Performance

Shares of GOOG stock opened at $286.01 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69. The stock has a market cap of $3.50 trillion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 0.87 and a beta of 1.21. The stock has a 50-day moving average of $328.65 and a 200-day moving average of $336.80. Alphabet Inc. has a one year low of $271.41 and a one year high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.89). The firm had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.97 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The company's revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter last year, the business posted $2.87 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 19.80 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be given a $0.22 dividend. The ex-dividend date is Monday, December 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's dividend payout ratio is currently 4.59%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GOOG shares. Phillip Securities raised Alphabet from a "moderate buy" rating to a "strong-buy" rating and lowered their target price for the company from $450.00 to $425.00 in a research note on Monday, July 27th. New Street Research cut their price target on Alphabet from $455.00 to $405.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Citizens Jmp cut Alphabet from a "mkt outperform" rating to a "market perform" rating in a report on Thursday, October 29th. The Goldman Sachs Group dropped their price target on shares of Alphabet from $440.00 to $435.00 and set a "buy" rating for the company in a research note on Thursday, July 23rd. Finally, Stifel Nicolaus set a $485.00 price objective on shares of Alphabet in a report on Thursday, October 8th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $413.38.

More Alphabet News

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.

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