2,813 Alphabet Inc. $GOOG Shares Sold by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOG) by 12.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,981 shares of the information services provider’s stock after selling 2,813 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Alphabet were worth $6,468,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Providence Wealth Advisors LLC lifted its stake in shares of Alphabet by 0.3% in the 1st quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider’s stock valued at $3,094,000 after purchasing an additional 29 shares during the last quarter. One Charles Private Wealth Services LLC boosted its holdings in Alphabet by 0.6% in the first quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider’s stock worth $1,390,000 after purchasing an additional 29 shares in the last quarter. Wisconsin Wealth Advisors LLC increased its position in Alphabet by 1.3% during the second quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider’s stock worth $785,000 after buying an additional 29 shares during the last quarter. Cypress Financial Planning LLC increased its position in Alphabet by 1.3% during the third quarter. Cypress Financial Planning LLC now owns 2,198 shares of the information services provider’s stock worth $749,000 after buying an additional 29 shares during the last quarter. Finally, Johnson Wealth Management LLC raised its holdings in Alphabet by 1.7% during the second quarter. Johnson Wealth Management LLC now owns 1,842 shares of the information services provider’s stock valued at $651,000 after buying an additional 30 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of the stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the sale, the director directly owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GOOG. New Street Research decreased their price target on Alphabet from $455.00 to $405.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Citic Securities raised their price objective on Alphabet from $430.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Monday, August 3rd. Tigress Financial increased their price target on Alphabet from $415.00 to $485.00 and gave the company a “strong-buy” rating in a report on Friday, September 18th. Finally, Wolfe Research reiterated an “outperform” rating on shares of Alphabet in a report on Thursday, August 27th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $414.72.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered exceptional growth. Revenue more than doubled year over year to approximately $30.7 billion, operating margins expanded to about 36%, and backlog reached $561 billion. These results support the long-term case that Cloud and AI infrastructure can become major earnings drivers. Alphabet’s Cloud Business Just Doubled
• Positive Sentiment: Alphabet’s custom AI-chip opportunity is expanding. New TPU 8t and 8i chips reportedly offer improved performance per dollar, while OpenAI is considering using Google TPUs and Alphabet is selling chips through third-party cloud providers. This could create a new revenue stream and reduce reliance on Nvidia. Alphabet’s $250 Billion AI Chip Opportunity
• Positive Sentiment: Some analysts remain bullish on the long-term outlook. JPMorgan maintained an “overweight” rating despite reducing its price target from $425 to $375, while other commentary characterized the selloff as a potential buying opportunity.
• Neutral Sentiment: Alphabet’s revenue rose approximately 25% year over year to $127.6 billion, and search queries continued to grow. However, the market is increasingly weighing growth quality and monetization rather than query volume alone.
• Neutral Sentiment: Alphabet launched Gemini 4 Carbon, expanded AI Search advertising internationally and introduced new crypto-security tools. These initiatives may broaden future revenue sources, but their near-term financial impact remains uncertain.
• Negative Sentiment: Third-quarter EPS missed expectations. Adjusted earnings were $2.12 per share versus consensus near $3.01, while revenue also fell slightly short. An approximately $8.7 billion investment loss, largely tied to Alphabet’s SpaceX stake, further reduced reported profit. Alphabet Q3 Earnings Report
• Negative Sentiment: Search and advertising trends raised AI-cannibalization concerns. Search revenue grew about 12% but missed estimates, while AI-mode searches may generate less revenue than traditional search. YouTube advertising revenue also came in below expectations.
• Negative Sentiment: AI spending is pressuring cash generation. Capital expenditures reached roughly $51.4 billion and free cash flow was negative by about $9.1 billion, prompting concerns about debt, financial obligations and the return on massive infrastructure investments.
• Negative Sentiment: Multiple law firms announced securities-fraud class actions or lead-plaintiff deadlines related to alleged disclosures about the Gemini 3.5 Pro development timeline. The lawsuits are an additional reputational and legal overhang, though their financial impact is uncertain. Alphabet Securities Class Action Notice

Alphabet Stock Down 12.3%

Shares of GOOG stock opened at $282.32 on Friday. Alphabet Inc. has a 12 month low of $271.41 and a 12 month high of $404.47. The firm has a market cap of $3.45 trillion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The stock has a 50 day moving average of $336.93 and a 200-day moving average of $338.53. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.89). The business had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 46.63%. The firm’s revenue was up 24.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.87 earnings per share. On average, equities analysts predict that Alphabet Inc. will post 20.60 EPS for the current year.

Alphabet 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.