OFI Invest Asset Management Sells 24,994 Shares of Alphabet Inc. $GOOG

OFI Invest Asset Management lowered its holdings in Alphabet Inc. (NASDAQ:GOOG) by 26.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,749 shares of the information services provider’s stock after selling 24,994 shares during the period. OFI Invest Asset Management’s holdings in Alphabet were worth $16,744,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. RDA Financial Network increased its position in shares of Alphabet by 5.3% in the second quarter. RDA Financial Network now owns 11,094 shares of the information services provider’s stock worth $1,968,000 after purchasing an additional 554 shares during the period. Bleakley Financial Group LLC lifted its position in Alphabet by 1.4% during the second quarter. Bleakley Financial Group LLC now owns 170,020 shares of the information services provider’s stock worth $30,160,000 after purchasing an additional 2,304 shares during the period. American National Bank of Texas acquired a new stake in Alphabet during the third quarter worth about $900,000. Northwestern Mutual Wealth Management Co. increased its holdings in Alphabet by 3.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,164,341 shares of the information services provider’s stock valued at $206,542,000 after buying an additional 42,028 shares during the period. Finally, Oldfather Financial Services LLC bought a new position in Alphabet in the 2nd quarter valued at about $213,000. 27.26% of the stock is owned by institutional investors.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet agreed to buy Intersect Power for roughly $4.75B to secure clean energy and data?center build capacity — a strategic, near?term solution to power constraints for AI workloads that supports faster cloud/AI deployments and reduces execution risk on capacity. Intersect acquisition
• Positive Sentiment: Google Cloud momentum: analysts and reports point to strong enterprise AI demand, a large backlog (~$155B reported) and major security deals (multi?year Palo Alto tie?ups) that underpin durable revenue and margin upside for the cloud business. Google Cloud outlook
• Neutral Sentiment: Market/analyst positioning: several firms reiterated or raised targets and ratings (BMO, Citi, others), and MarketBeat frames the recent pullback as consolidation not trend breakdown — supports longer?term investor conviction but is less likely to trigger sharp moves absent new fundamentals. Analyst sentiment & pullback
• Neutral Sentiment: Nvidia licensed Groq tech and hired Groq engineers — important for AI chip competition and infra dynamics but only an indirect/medium?term factor for Alphabet (affects cloud GPU/TPU competitive landscape). Nvidia-Groq deal
• Negative Sentiment: Waymo operational issue: a San Francisco power outage stalled robotaxis, prompting fleetwide software updates and a regulator review — a reputational and regulatory risk that could slow commercialization timelines or invite oversight. Waymo outage & response
• Negative Sentiment: Short interest has risen materially in December (roughly +34.8% from late November to ~56.15M shares as of Dec. 15), which increases downside pressure and could amplify volatility on negative headlines or weak tape days.
• Negative Sentiment: Legal risk: a high?profile suit alleges unlawful use of copyrighted material to train AI models (plaintiff includes NYT reporter John Carreyrou) — a sector?wide legal exposure that could produce litigation costs or constraints on model training practices. NYT reporter lawsuit

Alphabet Trading Down 0.1%

Shares of GOOG stock opened at $315.47 on Thursday. The firm has a market capitalization of $3.81 trillion, a P/E ratio of 31.11, a P/E/G ratio of 1.82 and a beta of 1.07. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $328.67. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $293.83 and its 200 day simple moving average is $238.02.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, beating the consensus estimate of $2.29 by $0.58. The firm had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the company earned $2.12 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 8th were given a dividend of $0.21 per share. The ex-dividend date was Monday, December 8th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 8.28%.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of recent analyst reports. HSBC reaffirmed a “buy” rating and set a $335.00 price target on shares of Alphabet in a report on Thursday, October 30th. Robert W. Baird raised their target price on Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a report on Monday, September 22nd. Mizuho set a $325.00 price target on Alphabet in a research note on Thursday, October 30th. Rosenblatt Securities set a $279.00 price objective on Alphabet in a research report on Thursday, October 30th. Finally, Scotiabank set a $336.00 target price on Alphabet and gave the company a “sector outperform” rating in a research report on Thursday, October 30th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $313.04.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $312.30, for a total value of $867,569.40. Following the completion of the transaction, the chief accounting officer directly owned 8,962 shares in the company, valued at approximately $2,798,832.60. This represents a 23.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction on Monday, December 1st. The stock was sold at an average price of $317.66, for a total transaction of $32,401.32. Following the transaction, the director owned 18,104 shares in the company, valued at approximately $5,750,916.64. This trade represents a 0.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 228,906 shares of company stock valued at $63,984,117. 12.99% of the stock is owned by insiders.

Alphabet Company Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.