29,701 Alphabet Inc. $GOOG Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lowered its position in Alphabet Inc. (NASDAQ:GOOG) by 3.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 737,759 shares of the information services provider’s stock after selling 29,701 shares during the quarter. Alphabet accounts for about 3.1% of Douglas Lane & Associates LLC’s investment portfolio, making the stock its 4th biggest position. Douglas Lane & Associates LLC’s holdings in Alphabet were worth $251,384,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Readystate Asset Management LP bought a new position in Alphabet during the 2nd quarter valued at $45,352,000. Auto Owners Insurance Co lifted its holdings in Alphabet by 38,409.2% in the 4th quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock valued at $5,643,262,000 after acquiring an additional 179,369,280 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Alphabet by 76.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 14,581,870 shares of the information services provider’s stock worth $4,182,952,000 after purchasing an additional 6,300,900 shares during the last quarter. State Street Corp lifted its stake in Alphabet by 2.8% during the second quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock valued at $67,458,980,000 after purchasing an additional 5,208,690 shares during the last quarter. Finally, BlackRock Inc. lifted 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 valued at $130,704,718,000 after acquiring an additional 5,164,200 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of recent analyst reports. DA Davidson cut their price target on shares of Alphabet from $375.00 to $350.00 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a report on Friday, July 17th. JPMorgan Chase & Co. lowered their price target on shares of Alphabet from $460.00 to $420.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. HSBC set a $515.00 target price on Alphabet in a research report on Friday, August 14th. Finally, Zacks Research cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $421.95.

Alphabet Stock Up 0.9%

NASDAQ GOOG opened at $347.86 on Friday. Alphabet Inc. has a 1-year low of $236.68 and a 1-year high of $404.47. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average is $342.96 and its two-hundred day moving average is $346.76. The company has a market capitalization of $4.25 trillion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.00 and a beta of 1.19.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. During the same period last year, the company posted $2.31 earnings per share. The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. Equities analysts forecast that Alphabet Inc. will post 20.55 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were paid 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 of this dividend was Friday, September 4th. Alphabet’s payout ratio is 4.42%.

Insider Activity at Alphabet

In related news, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the transaction, the chief accounting officer directly owned 27,386 shares of the company’s stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The SEC filing for this sale provides additional information. Insiders have sold 441,399 shares of company stock worth $8,677,053 in the last ninety days. Company insiders own 12.99% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced a Gemini Agent designed to autonomously complete workplace tasks across Gmail, Docs, Sheets, Calendar, Microsoft 365, Salesforce, Jira and other business systems. The product could strengthen Google Cloud and Workspace monetization by giving enterprise customers a reason to increase AI spending. Google brings agentic AI to Gemini, starting with businesses
• Positive Sentiment: Employees are reportedly testing an even more advanced Gemini 4 model, internally codenamed Carbon. While unconfirmed and not yet a commercial launch, the report reinforces expectations that Alphabet remains competitive in the rapidly evolving AI market. Google employees test new Gemini 4 model
• Positive Sentiment: Analysts and financial commentators continue to view Alphabet as attractively valued relative to Microsoft, Amazon, Meta, Apple and Netflix. The company is growing rapidly while trading at a lower earnings multiple, supporting the argument that the stock has room to recover toward prior highs. Is Alphabet stock priced right against its peers?
• Positive Sentiment: Alphabet’s AI infrastructure strategy is expanding through long-term power and data-center investments, including reported Nordic buildouts and nuclear and microgrid arrangements. Securing reliable electricity could help address a major constraint on future AI and cloud capacity.
• Neutral Sentiment: GOOG benefited from broader technology-sector strength, with gains in major holdings helping lift the SPY and QQQ exchange-traded funds. This provides market support but is not a company-specific catalyst.
• Neutral Sentiment: A reported increase in short interest showed zero shares outstanding and a zero-day days-to-cover ratio, an internally inconsistent data point that offers no reliable trading signal.
• Negative Sentiment: Several law firms are promoting a securities class action alleging that Alphabet misled investors about Gemini development and AI issues during the May 19–July 16 class period. The lawsuits could create legal costs and reputational risk, although the announcements themselves do not establish liability. Rosen Alphabet securities class action announcement

Alphabet Company Profile

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.