Grandview Asset Management LLC Sells 1,716 Shares of Alphabet Inc. $GOOGL

Key Points

• Grandview Asset Management reduced its Alphabet position by 12.1% in the third quarter, selling 1,716 shares and retaining 12,505 shares valued at approximately $4.3 million.
• Analysts remain broadly bullish, with an average “Buy” rating and a consensus price target of $425.04; Alphabet’s AI investments, cloud growth, and resilient advertising business are viewed as key long-term drivers.
• Near-term concerns include rising AI-related capital spending, a reported Google Cloud outage, and securities-fraud lawsuits, while GOOGL opened at $320.21—down 1.2%—ahead of its next earnings report.

Grandview Asset Management LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 12.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,505 shares of the information services provider's stock after selling 1,716 shares during the quarter. Alphabet accounts for approximately 1.2% of Grandview Asset Management LLC's investment portfolio, making the stock its 19th biggest holding. Grandview Asset Management LLC's holdings in Alphabet were worth $4,303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. EMC Capital Management bought a new stake in Alphabet during the second quarter worth $35,000. Core Capital Management & Research inc. bought a new position in Alphabet in the 2nd quarter valued at $41,000. Intelligent Financial Strategies bought a new position in Alphabet in the 3rd quarter valued at $41,000. Premier Financial Group bought a new position in Alphabet in the 2nd quarter valued at $45,000. Finally, Graney & King LLC increased its position in shares of Alphabet by 38.5% during the 2nd quarter. Graney & King LLC now owns 180 shares of the information services provider's stock valued at $64,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s AI investment story remains a potential long-term support. Analysts and investors point to rising demand for Google Cloud, internally developed TPU chips, advertising resilience, and the potential for Gemini and other AI products to drive future growth. Alphabet Investing Behind AI Demand and TPU Growth
• Positive Sentiment: Pre-earnings coverage remains constructive on Alphabet’s third-quarter outlook, citing AI adoption, cloud growth, and advertising strength. Erste Group also modestly raised its fiscal 2027 EPS forecast, while Citizens JMP maintained a “market outperform” rating despite lowering its price target. Pre-Q3 Earnings Alphabet Stock Outlook
• Neutral Sentiment: Alphabet’s quarterly preferred-stock dividend announcement is unlikely to materially affect GOOGL common shares. Investors are instead focused on operating results, capital expenditures, margins, and management’s AI spending guidance.
• Neutral Sentiment: The upcoming earnings report is the key near-term catalyst. Strong cloud and advertising metrics could help stabilize the stock, but investors may react negatively if capital spending rises faster than AI-related revenue and cash flow.
• Negative Sentiment: Multiple law firms announced or promoted securities-fraud class actions against Alphabet concerning the May 19–July 16 trading period. The complaints allege that Alphabet failed to disclose important information about Gemini 3.5 Pro’s development and launch readiness; the allegations have not been proven. Lead-plaintiff deadlines are generally December 1, with one notice citing November 30. Kaplan Fox Alphabet Class Action Notice
• Negative Sentiment: A reported Google Cloud outage in London disrupted financial and public-sector services and prompted scrutiny from UK regulators and lawmakers, raising operational, reputational, and regulatory concerns. Alphabet Cloud Outage and Regulation
• Negative Sentiment: The broader AI sell-off is weighing on Alphabet as investors question whether enormous data-center, chip, power, and compute expenditures will generate adequate returns. Heavy spending is also contributing to concerns about future margins and valuation.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent analyst reports. Wedbush reiterated an "outperform" rating and set a $445.00 target price on shares of Alphabet in a research note on Thursday, July 23rd. Needham & Company LLC restated a "buy" rating and set a $450.00 price target on shares of Alphabet in a research report on Thursday, October 8th. Rosenblatt Securities restated a "buy" rating and set a $410.00 price target on shares of Alphabet in a research report on Thursday, September 3rd. Piper Sandler raised their price objective on shares of Alphabet from $395.00 to $400.00 and gave the stock an "overweight" rating in a report on Monday, September 28th. Finally, Freedom Capital raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $425.04.

Insider Transactions at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frances Arnold sold 83 shares of the firm's stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the transaction, the director owned 19,076 shares of the company's stock, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 315,765 shares of company stock valued at $6,297,980 over the last three months. Company insiders own 11.61% of the company's stock.

Alphabet Stock Down 1.2%

GOOGL opened at $320.21 on Friday. Alphabet Inc. has a 12 month low of $255.32 and a 12 month high of $408.61. The company has a market cap of $3.92 trillion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 0.94 and a beta of 1.21. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $342.79 and a 200 day moving average of $352.81.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, sell-side analysts expect that Alphabet Inc. will post 20.60 EPS for the current year.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.

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