11,891 Shares of Alphabet Inc. $GOOGL Bought by Sanders Morris Harris LLC

Sanders Morris Harris LLC purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the third quarter, HoldingsChannel reports. The firm purchased 11,891 shares of the information services provider’s stock, valued at approximately $4,090,000.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Alphabet by 5.6% in the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock valued at $85,403,303,000 after purchasing an additional 12,718,127 shares in the last quarter. Diamant Asset Management Inc. increased its position in Alphabet by 28,950.0% during the 1st quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider’s stock worth $2,671,986,000 after purchasing an additional 9,259,940 shares during the period. Arrowstreet Capital Limited Partnership increased its position 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 during the period. Corient Private Wealth LLC raised its stake in shares of Alphabet by 127.9% during the 4th quarter. Corient Private Wealth LLC now owns 11,677,886 shares of the information services provider’s stock worth $3,655,178,000 after buying an additional 6,554,842 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of Alphabet by 45.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,737,125 shares of the information services provider’s stock worth $4,299,721,000 after buying an additional 4,313,745 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director directly owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 420,865 shares of company stock valued at $8,293,477 in the last ninety days. Corporate insiders own 11.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on GOOGL. Royal Bank Of Canada reissued an “outperform” rating and issued a $425.00 price target on shares of Alphabet in a report on Thursday, July 23rd. Wells Fargo & Company restated an “overweight” rating and issued a $417.00 price target (up from $411.00) on shares of Alphabet in a research note on Tuesday, October 6th. Piper Sandler upped their price objective on Alphabet from $395.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, September 28th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, June 22nd. Finally, Zacks Research cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Five analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $425.04.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Higher analyst target: JPMorgan raised its Alphabet price target to $425 from $420 and maintained an “overweight” rating, implying substantial upside based on Alphabet’s AI, advertising and cloud prospects. Alphabet stock information
• Positive Sentiment: AI commercialization is expanding: CNN signed a multiyear AI partnership with Google, while Google launched Universal Cart in the United States, allowing users to track products across Search and Gemini. These initiatives could strengthen Gemini adoption and Google’s commerce and enterprise offerings. CNN signs AI partnership with Google
• Positive Sentiment: Gemini momentum remains a key bullish argument: Recent coverage highlights Gemini 4 Argon’s rollout, enterprise capabilities and potential to keep Alphabet competitive with OpenAI, Anthropic and Meta. Alphabet’s cash-generating advertising business and relatively reasonable valuation provide additional support for the long-term investment case. Google expands Gemini capabilities
• Neutral Sentiment: AI infrastructure demand is a double-edged sword: Alphabet is committing heavily to data centers and reportedly plans roughly $30 billion in compute spending through a SpaceX contract. The investment may support growth but increases capital-expenditure and free-cash-flow pressure. Google SpaceX compute contract
• Negative Sentiment: Litigation headlines are accumulating: Several law firms publicized a securities class action alleging misleading disclosures concerning Gemini 3.5 Pro training results. The announcements are largely duplicative, but they add reputational and potential financial risk; the lead-plaintiff deadline is December 1, 2026. Alphabet securities class action
• Negative Sentiment: Near-term technical and security concerns remain: The recent AI-led market sell-off left Alphabet testing support near its 200-day moving average around $340. Google also warned that suspected China-linked hackers could exploit a BeyondTrust software flaw, creating potential cybersecurity and customer-confidence concerns. Google warning on BeyondTrust flaw

Alphabet Trading Up 0.5%

Shares of Alphabet stock opened at $349.22 on Friday. Alphabet Inc. has a 12-month low of $244.15 and a 12-month high of $408.61. 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 has a market cap of $4.27 trillion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21. The company has a 50-day moving average of $344.54 and a two-hundred day moving average of $351.40.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, research analysts anticipate that Alphabet Inc. will post 20.54 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were issued a $0.22 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is currently 4.42%.

Alphabet Company Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.