Sanders Morris Harris LLC Purchases 19,682 Shares of Alphabet Inc. $GOOG

Key Points

• Sanders Morris Harris LLC purchased 19,682 Alphabet shares worth approximately $6.7 million, making GOOG its 29th-largest holding and about 0.9% of its portfolio.
• Institutional ownership remains substantial, with major investors including BlackRock and State Street increasing their positions; institutions and hedge funds collectively own 27.26% of Alphabet.
• Alphabet reported quarterly revenue growth of 24.2% and earnings well above estimates. Analysts maintain a consensus “Buy” rating with an average price target of $421.98, although insiders have sold shares and investors face AI spending, competition and regulatory risks.

Sanders Morris Harris LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 19,682 shares of the information services provider's stock, valued at approximately $6,707,000. Alphabet makes up approximately 0.9% of Sanders Morris Harris LLC's investment portfolio, making the stock its 29th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOG. BlackRock Inc. raised 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 acquiring an additional 5,164,200 shares in the last quarter. State Street Corp grew its position 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 buying an additional 5,208,690 shares during the last quarter. Janus Henderson Group PLC raised its stake in Alphabet by 2.1% during the 4th quarter. Janus Henderson Group PLC now owns 24,595,622 shares of the information services provider's stock worth $7,693,281,000 after acquiring an additional 508,718 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Alphabet by 2.4% during the fourth quarter. Invesco Ltd. now owns 22,048,456 shares of the information services provider's stock worth $6,918,805,000 after purchasing an additional 517,108 shares during the last quarter. Finally, Amundi increased its position in shares of Alphabet by 22.9% during the first quarter. Amundi now owns 21,922,379 shares of the information services provider's stock worth $6,288,654,000 after purchasing an additional 4,083,758 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Activity

In related news, Director Frances Arnold sold 83 shares of the company's 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 represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 441,399 shares of company stock valued at $8,677,053. Company insiders own 12.99% of the company's stock.

Alphabet Stock Down 1.7%

GOOG opened at $343.65 on Thursday. Alphabet Inc. has a 12 month low of $244.67 and a 12 month high of $404.47. The business has a 50-day moving average of $341.65 and a two-hundred day moving average of $348.38. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The stock has a market capitalization of $4.20 trillion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 1.01 and a beta of 1.19.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.87 by $6.24. The firm had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Alphabet's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.31 earnings per share. On average, research analysts expect that Alphabet Inc. will post 20.54 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet's dividend payout ratio is presently 4.42%.

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of recent research reports. KeyCorp reaffirmed an "overweight" rating and issued a $435.00 target price on shares of Alphabet in a report on Thursday, October 1st. Barclays reaffirmed an "overweight" rating and set a $425.00 price objective (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Roth Capital increased their price target on Alphabet from $435.00 to $440.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. TD Cowen restated a "buy" rating and issued a $485.00 price objective (up from $475.00) on shares of Alphabet in a research report on Thursday, October 8th. Finally, UBS Group restated a "neutral" rating and issued a $380.00 price target (up from $379.00) on shares of Alphabet in a research note on Wednesday. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Alphabet presently has a consensus rating of "Buy" and a consensus price target of $421.98.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google began rolling out Gemini 4 Argon to developers, businesses and paying subscribers, adding coding tools and customization features. The model also scored 91.1% in an accounting benchmark, potentially strengthening Alphabet’s position in enterprise AI. Google launches flagship AI model Gemini 4 Argon for developers, businesses
• Positive Sentiment: Analysts and bullish investors continue to point to Google Cloud expansion, improving AI monetization and Alphabet’s internally developed AI chips as potential growth drivers. One analyst estimated the chip business could eventually unlock $100 billion in revenue. Alphabet Could Unlock $100 Billion From AI Chips by 2028
• Positive Sentiment: American Electric Power plans to invest approximately $4 billion in a Wyoming fuel-cell project to supply Google’s growing electricity needs. The agreement highlights strong demand for Alphabet’s data-center infrastructure, although it also underscores the scale of required AI spending. American Electric Power to invest $4 billion fuel-cell project to power Google
• Neutral Sentiment: The European Commission said it remains in dialogue with Google, suggesting ongoing regulatory uncertainty but no specific enforcement action was detailed in the report. EU Commission is in dialogue with Google
• Negative Sentiment: Several law firms publicized a securities-fraud class action against Alphabet concerning alleged disclosures about the development and timing of the Gemini 3.5 Pro model. Investors who purchased shares from May 19 through July 16, 2026, face lead-plaintiff deadlines around November 30 and December 1. The announcements increase headline and potential litigation risk, although they do not establish wrongdoing. Rosen Alphabet securities class action announcement
• Negative Sentiment: Investors also remain concerned that enormous data-center and AI capital expenditures could pressure free cash flow, while intensifying competition from Microsoft, Apple and Meta may raise the cost of defending Google’s AI and search franchises.

About Alphabet

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet's chief executive officer and also leads Google.

Google is Alphabet's primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

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