Heritage Investors Management Corp Sells 7,438 Shares of Alphabet Inc. $GOOGL

Key Points

• Heritage Investors Management Corp. cut its Alphabet stake by 2%, selling 7,438 shares in the third quarter. It retained 367,098 shares valued at about $126.3 million, making Alphabet its fifth-largest holding.
• Alphabet’s latest quarter fell short of expectations: earnings were $2.12 per share versus a $3.02 consensus, while revenue of $127.58 billion was slightly below forecasts.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $412.51, despite several firms lowering their targets. Google’s expanded AI-chip lineup may support its cloud business, while slower AI-search monetization and Waymo regulatory scrutiny pose risks.

Heritage Investors Management Corp lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 367,098 shares of the information services provider's stock after selling 7,438 shares during the period. Alphabet accounts for approximately 3.6% of Heritage Investors Management Corp's holdings, making the stock its 5th biggest position. Heritage Investors Management Corp's holdings in Alphabet were worth $126,311,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EMC Capital Management purchased a new stake in Alphabet during the 2nd quarter valued at $35,000. Core Capital Management & Research inc. bought a new position in Alphabet in the second quarter valued at about $41,000. Intelligent Financial Strategies bought a new position in Alphabet in the third quarter valued at about $41,000. Premier Financial Group purchased a new position in shares of Alphabet during the 2nd quarter worth $45,000. Finally, Van Den Berg Management I Inc. raised its holdings in shares of Alphabet by 319.6% during the 1st quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider's stock worth $61,000 after acquiring an additional 163 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced two new versions of its eighth-generation Tensor Processing Units, broadening its AI-chip offerings and sharpening its challenge to Nvidia. Investors may see custom chips as a way to support Google Cloud growth and reduce reliance on outside suppliers. Alphabet stock rises as Google expands AI chip lineup to challenge Nvidia
• Neutral Sentiment: JPMorgan removed Alphabet from its Analyst Focus List but maintained an Overweight rating. The firm cited slower AI-search monetization and substantial infrastructure spending, highlighting execution risks without changing its overall positive rating. JPMorgan Just Removed Alphabet From Its Analyst Focus List
• Negative Sentiment: Federal safety regulators opened a new investigation into Waymo after reports that its robotaxis continued to pass stopped school buses despite a prior software fix. The probe could bring regulatory, reputational or operational costs for Alphabet’s autonomous-driving business. Waymo robotaxis kept illegally passing school buses after software fix, feds say
• Negative Sentiment: Several law firms publicized an existing securities class action concerning Alphabet investors who bought shares from May 19 to July 16, 2026. The lawsuit alleges investors were misled about the Gemini 3.5 Pro launch timeline; the lead-plaintiff deadlines are November 30 or December 1. Repeated notices may add legal overhang, though they are not new court findings. Alphabet Deadline Alert: Levi & Korsinsky Reminds Investors of Securities Class Action Deadline

Insider Transactions at Alphabet

In other Alphabet news, 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 transaction of $28,257.35. Following the transaction, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 247 shares of company stock worth $79,238 in the last quarter. Corporate insiders own 11.61% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. DA Davidson dropped their price objective on shares of Alphabet from $350.00 to $300.00 and set a "neutral" rating for the company in a research note on Thursday, October 29th. Royal Bank Of Canada reduced their price objective on shares of Alphabet from $425.00 to $400.00 and set an "outperform" rating on the stock in a research report on Thursday, October 29th. Sanford C. Bernstein reissued a "market perform" rating and set a $325.00 price target (down from $385.00) on shares of Alphabet in a research note on Thursday, October 29th. KeyCorp lowered their target price on shares of Alphabet from $410.00 to $385.00 and set an "overweight" rating for the company in a research note on Thursday, October 29th. Finally, Truist Financial dropped their price objective on Alphabet from $420.00 to $410.00 and set a "buy" rating on the stock in a research note on Thursday, October 29th. Five analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $412.51.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $288.15 on Tuesday. The company's 50 day moving average is $331.76 and its 200 day moving average is $338.77. The company has a market cap of $3.52 trillion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 0.87 and a beta of 1.23. Alphabet Inc. has a twelve month low of $270.70 and a twelve month high of $408.61. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19.

Alphabet (NASDAQ:GOOGL - 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 the consensus estimate of $3.02 by ($0.90). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The company had revenue of $127.58 billion during the quarter, compared to analysts' expectations of $127.96 billion. On average, sell-side analysts forecast that Alphabet Inc. will post 19.86 EPS for the current year.

Alphabet Dividend Announcement

The firm 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. The ex-dividend date is Monday, December 7th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio is currently 4.59%.

About Alphabet

Alphabet Inc is a technology holding company whose largest business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company reorganized its businesses under the holding-company structure in 2015.

Google's products and services include Search, YouTube, Android, Chrome, Google Maps, Google Play and Google Cloud. The company also generates revenue from digital advertising and offers devices, subscriptions and artificial intelligence products and services.

Alphabet serves consumers, businesses and organizations around the world.

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