Heritage Investors Management Corp Sells 5,631 Shares of Alphabet Inc. $GOOG

Key Points

• Heritage Investors Management Corp. reduced its Alphabet stake by 1.6%, selling 5,631 shares in the third quarter. It still held 344,425 shares, valued at about $117.4 million and representing 3.3% of its portfolio.
• Alphabet reported quarterly earnings of $2.12 per share, below the $3.01 analyst consensus, while revenue rose 24.7% year over year to $127.58 billion.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $413.38.

Heritage Investors Management Corp trimmed its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 344,425 shares of the information services provider's stock after selling 5,631 shares during the period. Alphabet comprises about 3.3% of Heritage Investors Management Corp's investment portfolio, making the stock its 6th largest position. Heritage Investors Management Corp's holdings in Alphabet were worth $117,359,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Denali Advisors LLC raised its holdings in Alphabet by 14.8% in the 2nd quarter. Denali Advisors LLC now owns 105,988 shares of the information services provider's stock valued at $37,449,000 after acquiring an additional 13,700 shares during the last quarter. Heck Capital Advisors LLC boosted its holdings in shares of Alphabet by 298.2% during the second quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider's stock worth $7,854,000 after purchasing an additional 16,647 shares during the last quarter. Montchanin Asset Management LLC acquired a new stake in shares of Alphabet during the first quarter worth $7,075,000. NBT Bank N.A. acquired a new stake in shares of Alphabet during the third quarter worth $47,537,000. Finally, Sax Wealth Advisors LLC grew its position in shares of Alphabet by 13.3% in the second quarter. Sax Wealth Advisors LLC now owns 30,489 shares of the information services provider's stock valued at $10,773,000 after purchasing an additional 3,575 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to about $30.7 billion, and the company has a substantial backlog. A report that OpenAI is interested in buying Google’s AI chips could also help Alphabet monetize its infrastructure investment. OpenAI Wants to Buy Google AI Chips
• Positive Sentiment: Alphabet is reportedly in preliminary discussions related to the U.S. Defense Department’s Golden Dome initiative. A contract could diversify revenue and help generate returns on its AI infrastructure, though no agreement is confirmed. Alphabet’s Golden Dome Talks Could Open a New Market
• Neutral Sentiment: Google says it will make AI tools opt-in for K–12 accounts, but the changes have drawn political criticism after reports that schools restricting AI could also lose Search by default. The controversy may create reputational risk, while the effect on revenue is unclear. Google responds to political backlash over removing search from schools
• Negative Sentiment: The latest quarter’s $2.12 per-share earnings missed analyst expectations, while aggressive AI investment pushed free cash flow into negative territory. Investors are also weighing expectations for higher capital spending, which could pressure cash flow further before the investments pay off. Alphabet's Free Cash Flow Just Turned Negative
• Negative Sentiment: Several law firms publicized an existing securities class action concerning alleged disclosures about Gemini 3.5 Pro’s training results. The announcements add legal and headline risk, but are not findings of wrongdoing. Alphabet securities class action deadline notice

Analyst Upgrades and Downgrades

Several research firms recently commented on GOOG. Roth Capital upped their target price on Alphabet from $435.00 to $440.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Phillip Securities upgraded Alphabet from a "moderate buy" rating to a "strong-buy" rating and reduced their target price for the stock from $450.00 to $425.00 in a research report on Monday, July 27th. DZ Bank raised Alphabet from a "buy" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. Tigress Financial raised their price target on Alphabet from $415.00 to $485.00 and gave the stock a "strong-buy" rating in a research note on Friday, September 18th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Alphabet in a report on Monday, August 3rd. Six research 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $413.38.

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of the company's 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 completion of the sale, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 247 shares of company stock worth $79,238 over the last ninety days. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Up 0.1%

Shares of GOOG opened at $278.27 on Wednesday. Alphabet Inc. has a fifty-two week low of $271.41 and a fifty-two week high of $404.47. The company's fifty day moving average is $333.13 and its two-hundred day moving average is $337.67. The firm has a market cap of $3.40 trillion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing analysts' consensus estimates of $3.01 by ($0.89). The firm had revenue of $127.58 billion for 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 quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.87 earnings per share. Analysts forecast that Alphabet Inc. will post 19.80 earnings per share for the current year.

Alphabet Dividend Announcement

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

Alphabet 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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