Legacy Wealth Management LLC MS Sells 5,755 Shares of Alphabet Inc. $GOOG

Legacy Wealth Management LLC MS lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 47.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,425 shares of the information services provider’s stock after selling 5,755 shares during the period. Alphabet accounts for about 0.7% of Legacy Wealth Management LLC MS’s investment portfolio, making the stock its 26th biggest holding. Legacy Wealth Management LLC MS’s holdings in Alphabet were worth $2,189,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Readystate Asset Management LP acquired a new stake in Alphabet in the 2nd quarter valued at approximately $45,352,000. BlackRock Inc. raised its stake in 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 in the last quarter. State Street Corp boosted its position in Alphabet by 2.8% during the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock worth $67,458,980,000 after acquiring an additional 5,208,690 shares during the period. Amundi boosted its position in Alphabet by 22.9% during the 1st quarter. Amundi now owns 21,922,379 shares of the information services provider’s stock worth $6,288,654,000 after acquiring an additional 4,083,758 shares during the period. Finally, Deutsche Bank AG boosted its position in Alphabet by 5.6% during the 2nd quarter. Deutsche Bank AG now owns 17,313,729 shares of the information services provider’s stock worth $6,117,460,000 after acquiring an additional 913,666 shares during the period. Institutional investors own 27.26% of the company’s stock.

Insiders Place Their Bets

In related news, Director Frances Arnold sold 83 shares of Alphabet 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 transaction, the director directly owned 19,076 shares of the company’s stock, valued at $6,494,424.20. The trade was 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 available at the SEC website. Insiders sold a total of 247 shares of company stock worth $79,238 over the last ninety days. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

GOOG opened at $281.74 on Friday. The business has a 50 day moving average price of $330.86 and a two-hundred day moving average price of $337.20. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69. The company has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 0.87 and a beta of 1.21. Alphabet Inc. has a 1-year low of $271.41 and a 1-year high of $404.47.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, October 29th. 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 firm had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.97 billion. During the same quarter last year, the business posted $2.87 earnings per share. The firm’s revenue for the quarter was up 24.7% compared to the same quarter last year. Research analysts predict that Alphabet Inc. will post 19.80 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is backing financing for TeraWulf’s data-center project tied to Anthropic’s long-term leases. The support could help secure infrastructure for AI demand, though it also exposes Google to a contingent commitment if Anthropic defaults. Article: Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
• Positive Sentiment: Waymo plans to expand its robotaxi fleet in Nashville by year-end, offering a potential growth signal for Alphabet’s autonomous-driving business. Article: Lyft to expand Waymo robotaxi fleet in Nashville by year-end
• Negative Sentiment: Google, Meta and TikTok sued California’s attorney general to block a law restricting features deemed addictive for under-16 users. The dispute adds regulatory uncertainty and scrutiny of Google’s services for young people. Article: Meta, Google, and TikTok sue California AG over teen social media law
• Negative Sentiment: Parents have sued Google, alleging a student used an AI chat on a school Chromebook while planning a suicide attempt. The claim is unproven, but it could heighten concerns about AI safety, liability and reputational risk. Article: Google faces claims student used AI chat on US school laptop to plan suicide attempt
• Negative Sentiment: Several law firms publicized a securities class action concerning investors who bought Alphabet shares from May 19 to July 16, alleging misleading statements about Gemini 3.5 Pro’s launch timing. The allegations have not been proven, but add legal overhang. Article: Rosen Law Firm investor notice

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. China Renaissance decreased their price target on Alphabet from $485.00 to $445.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Barclays reaffirmed an “overweight” rating on shares of Alphabet in a report on Thursday, October 29th. Citic Securities upped their price objective on shares of Alphabet from $430.00 to $434.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Freedom Capital upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $475.00 target price on shares of Alphabet in a research note on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $413.38.

About Alphabet

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.