Iowa State Bank Sells 7,479 Shares of Alphabet Inc. $GOOGL

Key Points

• Iowa State Bank reduced its Alphabet position by 12.4%, selling 7,479 shares and retaining 52,673 shares valued at approximately $18.1 million. Alphabet remains about 2.9% of the bank’s portfolio.
• Alphabet reported quarterly revenue of $119.8 billion and EPS of $9.11, substantially exceeding analysts’ estimates. The company also announced a quarterly dividend of $0.22 per share, equivalent to a 0.3% yield.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $425.72 versus a recent share price of $347.23. Investors are also monitoring rising AI infrastructure spending and ongoing legal challenges, including a potential $3.2 billion ad-tech damages claim.

Iowa State Bank lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 12.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,673 shares of the information services provider's stock after selling 7,479 shares during the period. Alphabet comprises about 2.9% of Iowa State Bank's portfolio, making the stock its 11th biggest position. Iowa State Bank's holdings in Alphabet were worth $18,124,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in shares of Alphabet by 5.6% during the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock worth $85,403,303,000 after purchasing an additional 12,718,127 shares during the last quarter. Invesco Ltd. raised its holdings in Alphabet by 0.5% in the 4th quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider's stock valued at $14,208,470,000 after buying an additional 208,362 shares during the last quarter. Fisher Asset Management LLC boosted its position in Alphabet by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 38,106,033 shares of the information services provider's stock worth $11,927,189,000 after buying an additional 583,078 shares during the period. Amundi boosted its position in 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 buying an additional 1,457,371 shares during the period. Finally, Nuveen LLC grew its holdings in Alphabet by 1.7% during the 4th quarter. Nuveen LLC now owns 29,166,806 shares of the information services provider's stock worth $9,129,210,000 after acquiring an additional 478,848 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Trading Up 0.2%

Alphabet stock traded up $0.76 during trading hours on Tuesday, reaching $347.23. 8,779,770 shares of the company's stock were exchanged, compared to its average volume of 30,807,914. The firm's 50 day simple moving average is $345.14 and its 200 day simple moving average is $348.25. Alphabet Inc. has a twelve month low of $235.84 and a twelve month high of $408.61. 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 firm has a market capitalization of $4.25 trillion, a PE ratio of 17.44, a PEG ratio of 0.99 and a beta of 1.21.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data 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. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. Research analysts predict that Alphabet Inc. will post 20.55 earnings per share for the current year.

Alphabet Dividend Announcement

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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet's payout ratio is presently 4.42%.

Insider Buying and Selling

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm's stock in a transaction on Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction on Wednesday, September 30th. The shares were 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 of the company's stock, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 441,399 shares of company stock valued at $8,677,053 over the last ninety days. 11.61% of the stock is owned by corporate insiders.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google signed a 20-year power-purchase agreement with Constellation Energy for 890 megawatts of nuclear power. The deal is intended to support growing AI data-center demand and fund efficiency upgrades at 11 existing nuclear units, improving Alphabet’s access to reliable electricity. Google strikes 20-year Constellation deal to add 890MW of nuclear power
• Positive Sentiment: Google Cloud reportedly delivered 82% revenue growth, strengthening the investment case that cloud and AI services can become a larger profit engine. Some analysts argue that Alphabet’s shares remain discounted relative to their estimated upside, particularly given the company’s lower valuation than some other large AI stocks. Alphabet Has the Biggest Upside in the Mag 7 Right Now
• Positive Sentiment: Alphabet unveiled Gemini 4 Argon, positioning the model for complex enterprise tasks such as software engineering, cybersecurity and financial research. Successful adoption could support paid subscriptions, cloud demand and AI monetization across several businesses. Tech Bytes: Google unveils Gemini 4 Argon
• Neutral Sentiment: Commentary remains favorable toward Alphabet because it can monetize AI through advertising, cloud contracts and subscriptions. However, investors are also monitoring rapidly rising infrastructure spending; Alphabet reportedly spent $44.92 billion on capital expenditures in the second quarter, creating pressure to convert AI investment into sustained returns. AI Is Burning Through More Money Than Any Technology Boom in History
• Negative Sentiment: Several law firms publicized securities-fraud class actions concerning alleged misstatements about Gemini 3.5 Pro’s development and launch timing. The claims relate to a prior stock decline and could create legal costs, although the lawsuits remain allegations and their ultimate financial impact is uncertain. Alphabet Shareholder Securities-Fraud Class Action
• Negative Sentiment: A federal judge also allowed a roughly $3.2 billion ad-tech damages claim to proceed to trial. Potential treble damages under antitrust law increase the headline risk, though no judgment has been entered. Google Faces a $3.2 Billion Ad-Tech Damages Claim

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Benchmark restated a "buy" rating on shares of Alphabet in a research report on Thursday. Morgan Stanley set a $400.00 price objective on shares of Alphabet and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Pivotal Research restated a "buy" rating and issued a $475.00 price objective (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. DZ Bank raised Alphabet to a "strong-buy" rating in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $425.00 target price on shares of Alphabet in a report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $425.72.

About Alphabet

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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