Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 6,554 Shares of Alphabet Inc. $GOOG

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors reduced its Alphabet stake by 6,554 shares, or 3.9%, leaving it with 162,049 shares valued at approximately $55.2 million.
• Institutional ownership remains significant, with major investors including BlackRock, State Street, Amundi and Deutsche Bank increasing their positions; institutions and hedge funds collectively own 27.26% of Alphabet.
• Analysts remain broadly bullish, with Alphabet carrying a “Moderate Buy” consensus rating and an average price target of $414.72, despite the company’s latest quarterly EPS missing estimates and revenue coming in slightly below expectations.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 162,049 shares of the information services provider's stock after selling 6,554 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Alphabet were worth $55,217,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Readystate Asset Management LP bought a new position in shares of Alphabet during the 2nd quarter worth approximately $45,352,000. BlackRock Inc. grew its position in shares of Alphabet by 1.4% during the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock worth $130,704,718,000 after buying an additional 5,164,200 shares during the period. State Street Corp increased its stake in shares of Alphabet by 2.8% in the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider's stock valued at $67,458,980,000 after acquiring an additional 5,208,690 shares in the last quarter. Amundi increased its stake in shares of Alphabet by 22.9% in the 1st quarter. Amundi now owns 21,922,379 shares of the information services provider's stock valued at $6,288,654,000 after acquiring an additional 4,083,758 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Alphabet by 5.6% in the 2nd quarter. Deutsche Bank AG now owns 17,313,729 shares of the information services provider's stock valued at $6,117,460,000 after acquiring an additional 913,666 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Analyst Ratings Changes

GOOG has been the topic of several research analyst reports. Cantor Fitzgerald reissued an "overweight" rating and set a $350.00 target price on shares of Alphabet in a research note on Thursday. Evercore reaffirmed an "outperform" rating and issued a $435.00 price target on shares of Alphabet in a research note on Thursday. China Renaissance dropped their price objective on shares of Alphabet from $485.00 to $445.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research report on Thursday, October 15th. Finally, KeyCorp reissued an "overweight" rating and set a $385.00 price objective on shares of Alphabet in a research report on Thursday. Six analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $414.72.

Alphabet Stock Performance

NASDAQ GOOG opened at $282.32 on Friday. The company has a market cap of $3.45 trillion, a P/E ratio of 14.73, a PEG ratio of 0.92 and a beta of 1.19. The company has a fifty day simple moving average of $336.93 and a 200 day simple moving average of $338.53. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $271.41 and a 12-month high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.89). Alphabet had a return on equity of 46.63% and a net margin of 50.03%. The business had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.97 billion. During the same quarter in the previous year, the company posted $2.87 EPS. The business's quarterly revenue was up 24.7% on a year-over-year basis. Sell-side analysts predict that Alphabet Inc. will post 20.60 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Frances Arnold sold 83 shares of the business's stock in a transaction dated 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 $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 available at this link. 12.99% of the stock is owned by corporate insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered exceptional growth. Revenue more than doubled year over year to approximately $30.7 billion, operating margins expanded to about 36%, and backlog reached $561 billion. These results support the long-term case that Cloud and AI infrastructure can become major earnings drivers. Alphabet's Cloud Business Just Doubled
• Positive Sentiment: Alphabet’s custom AI-chip opportunity is expanding. New TPU 8t and 8i chips reportedly offer improved performance per dollar, while OpenAI is considering using Google TPUs and Alphabet is selling chips through third-party cloud providers. This could create a new revenue stream and reduce reliance on Nvidia. Alphabet's $250 Billion AI Chip Opportunity
• Positive Sentiment: Some analysts remain bullish on the long-term outlook. JPMorgan maintained an “overweight” rating despite reducing its price target from $425 to $375, while other commentary characterized the selloff as a potential buying opportunity.
• Neutral Sentiment: Alphabet’s revenue rose approximately 25% year over year to $127.6 billion, and search queries continued to grow. However, the market is increasingly weighing growth quality and monetization rather than query volume alone.
• Neutral Sentiment: Alphabet launched Gemini 4 Carbon, expanded AI Search advertising internationally and introduced new crypto-security tools. These initiatives may broaden future revenue sources, but their near-term financial impact remains uncertain.
• Negative Sentiment: Third-quarter EPS missed expectations. Adjusted earnings were $2.12 per share versus consensus near $3.01, while revenue also fell slightly short. An approximately $8.7 billion investment loss, largely tied to Alphabet’s SpaceX stake, further reduced reported profit. Alphabet Q3 Earnings Report
• Negative Sentiment: Search and advertising trends raised AI-cannibalization concerns. Search revenue grew about 12% but missed estimates, while AI-mode searches may generate less revenue than traditional search. YouTube advertising revenue also came in below expectations.
• Negative Sentiment: AI spending is pressuring cash generation. Capital expenditures reached roughly $51.4 billion and free cash flow was negative by about $9.1 billion, prompting concerns about debt, financial obligations and the return on massive infrastructure investments.
• Negative Sentiment: Multiple law firms announced securities-fraud class actions or lead-plaintiff deadlines related to alleged disclosures about the Gemini 3.5 Pro development timeline. The lawsuits are an additional reputational and legal overhang, though their financial impact is uncertain. Alphabet Securities Class Action Notice

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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