Alphabet Inc. $GOOGL Stock Sold by Steinberganna Wealth Management

Steinberganna Wealth Management decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 54.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,522 shares of the information services provider’s stock after selling 4,236 shares during the period. Steinberganna Wealth Management’s holdings in Alphabet were worth $1,212,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. State Street Corp increased its holdings in shares of Alphabet by 5.6% in 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 acquiring an additional 12,718,127 shares in the last quarter. Amundi grew its position in shares of Alphabet by 4.6% in the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider’s stock valued at $11,865,809,000 after purchasing an additional 1,457,371 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Alphabet by 10.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider’s stock valued at $6,334,186,000 after purchasing an additional 1,631,721 shares during the period. Swiss National Bank grew its position in shares of Alphabet by 7.1% in the 1st quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider’s stock valued at $4,911,467,000 after purchasing an additional 1,139,400 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Alphabet by 90.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider’s stock worth $4,900,078,000 after purchasing an additional 8,112,680 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results support Alphabet’s position as a major beneficiary of enterprise AI demand. Alphabet’s Cloud Business Just Doubled
• Positive Sentiment: Several analysts remain constructive after the selloff. Guggenheim and Needham reaffirmed “buy” ratings with $450 targets, while Citigroup and Wells Fargo retained bullish ratings and projected substantial upside despite lowering their targets.
• Positive Sentiment: Alphabet’s AI ecosystem could gain from rising demand for cloud capacity and specialized chips. Waymo is also expanding internationally through a partnership with Toyota, although the business remains small relative to Alphabet’s core operations. Waymo taps Toyota to supply robotaxis
• Neutral Sentiment: Multiple securities law firms publicized class-action lawsuits and lead-plaintiff deadlines tied to alleged disclosures about Alphabet’s Gemini AI development. These notices add headline risk, but their direct financial impact remains uncertain.
• Negative Sentiment: Alphabet reported adjusted earnings of $2.12 per share, below consensus near $2.94-$3.02, while revenue of $127.6 billion also missed expectations. Search and other revenue grew about 12% to roughly $63 billion, but fell short of forecasts, reinforcing fears that AI-generated answers and “AI mode” searches may monetize less effectively than traditional Search.
• Negative Sentiment: AI infrastructure spending caused free cash flow to remain negative by roughly $9.1 billion for a second consecutive quarter. Investors are questioning whether the enormous capital outlays will produce adequate returns and whether Alphabet may need additional debt or equity financing.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment reduced quarterly earnings by approximately $0.55 per share, while an EU antitrust fine further pressured results. Analysts including RBC, Wells Fargo, Citigroup, Wedbush, KeyCorp and Cantor Fitzgerald lowered price targets, even though most maintained positive ratings.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 83 shares of the firm’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 transaction, the director 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 247 shares of company stock valued at $79,238. 11.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on GOOGL. Sanford C. Bernstein restated a “market perform” rating and set a $325.00 target price (down from $385.00) on shares of Alphabet in a report on Thursday. Guggenheim reissued a “buy” rating and set a $450.00 price objective on shares of Alphabet in a research report on Thursday. Royal Bank Of Canada dropped their price objective on shares of Alphabet from $425.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Alphabet from $420.00 to $425.00 and gave the company an “overweight” rating in a research report on Thursday, October 15th. Finally, Barclays reaffirmed an “overweight” rating and issued a $405.00 target price (down from $425.00) on shares of Alphabet in a research note on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Alphabet has a consensus rating of “Buy” and an average price target of $410.46.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $279.84 on Monday. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $3.42 trillion, a P/E ratio of 14.61, a P/E/G ratio of 0.83 and a beta of 1.21. Alphabet Inc. has a 12 month low of $270.70 and a 12 month high of $408.61. The stock has a 50 day moving average of $339.07 and a 200-day moving average of $340.17.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.90). The company had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.96 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. As a group, equities research analysts predict that Alphabet Inc. will post 20.05 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, December 7th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 4.59%.

About Alphabet

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.