Alphabet Inc. $GOOG Stock Sold by Pilgrim Partners Asia Pte Ltd

Pilgrim Partners Asia Pte Ltd decreased its stake in Alphabet Inc. (NASDAQ:GOOG) by 28.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,350 shares of the information services provider’s stock after selling 3,760 shares during the period. Alphabet comprises about 0.6% of Pilgrim Partners Asia Pte Ltd’s investment portfolio, making the stock its 11th biggest position. Pilgrim Partners Asia Pte Ltd’s holdings in Alphabet were worth $3,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in GOOG. Morton Brown Family Wealth LLC grew its position in Alphabet by 135.5% in the third quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider’s stock worth $25,000 after acquiring an additional 42 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new position in Alphabet in the second quarter valued at $29,000. Livelsberger Financial Advisory purchased a new stake in Alphabet during the third quarter valued at about $37,000. Timbuktu Capital Management LLC purchased a new stake in Alphabet during the second quarter valued at about $46,000. Finally, Robinswood Financial LLC purchased a new stake in Alphabet during the first quarter valued at about $57,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $278.27 on Wednesday. The stock has a market cap of $3.40 trillion, a PE ratio of 14.52, a PEG ratio of 0.84 and a beta of 1.21. The company’s fifty day moving average is $333.13 and its 200 day moving average is $337.67. Alphabet Inc. has a 52 week low of $271.41 and a 52 week high of $404.47. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.89). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business had revenue of $127.58 billion for the quarter, compared to analysts’ expectations of $127.97 billion. During the same quarter in the previous year, the company earned $2.87 earnings per share. The business’s quarterly revenue was up 24.7% on a year-over-year basis. Research analysts anticipate that Alphabet Inc. will post 19.80 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 7th. Alphabet’s payout ratio is 4.59%.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 83 shares of the stock in a transaction dated Wednesday, September 30th. The stock was 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 in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 247 shares of company stock valued at $79,238. Insiders own 12.99% 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 about $30.7 billion, and the company has a substantial backlog. A report that OpenAI is interested in buying Google’s AI chips could also help Alphabet monetize its infrastructure investment. OpenAI Wants to Buy Google AI Chips
• Positive Sentiment: Alphabet is reportedly in preliminary discussions related to the U.S. Defense Department’s Golden Dome initiative. A contract could diversify revenue and help generate returns on its AI infrastructure, though no agreement is confirmed. Alphabet’s Golden Dome Talks Could Open a New Market
• Neutral Sentiment: Google says it will make AI tools opt-in for K–12 accounts, but the changes have drawn political criticism after reports that schools restricting AI could also lose Search by default. The controversy may create reputational risk, while the effect on revenue is unclear. Google responds to political backlash over removing search from schools
• Negative Sentiment: The latest quarter’s $2.12 per-share earnings missed analyst expectations, while aggressive AI investment pushed free cash flow into negative territory. Investors are also weighing expectations for higher capital spending, which could pressure cash flow further before the investments pay off. Alphabet’s Free Cash Flow Just Turned Negative
• Negative Sentiment: Several law firms publicized an existing securities class action concerning alleged disclosures about Gemini 3.5 Pro’s training results. The announcements add legal and headline risk, but are not findings of wrongdoing. Alphabet securities class action deadline notice

Analysts Set New Price Targets

A number of research firms have recently issued reports on GOOG. BMO Capital Markets set a $425.00 price objective on Alphabet in a report on Thursday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a report on Thursday, October 15th. Citizens Jmp cut Alphabet from a “mkt outperform” rating to a “market perform” rating in a report on Thursday, October 29th. The Goldman Sachs Group dropped their target price on Alphabet from $440.00 to $435.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $400.00 target price (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $413.38.

Alphabet Company 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.