Alphabet Inc. $GOOGL Shares Sold by Manchester Capital Management LLC

Manchester Capital Management LLC cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 47,097 shares of the information services provider’s stock after selling 2,024 shares during the quarter. Alphabet comprises about 2.2% of Manchester Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Manchester Capital Management LLC’s holdings in Alphabet were worth $16,205,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GOOGL. Titleist Asset Management LLC lifted its position in Alphabet by 6.4% during the third quarter. Titleist Asset Management LLC now owns 34,613 shares of the information services provider’s stock valued at $11,909,000 after buying an additional 2,096 shares in the last quarter. PFG Investments LLC grew its stake in Alphabet by 2.6% during the 1st quarter. PFG Investments LLC now owns 89,299 shares of the information services provider’s stock valued at $25,679,000 after purchasing an additional 2,269 shares in the last quarter. Elefante Mark B grew its position in shares of Alphabet by 4.5% during the second quarter. Elefante Mark B now owns 43,733 shares of the information services provider’s stock worth $15,629,000 after buying an additional 1,897 shares in the last quarter. Nwam LLC raised its stake in shares of Alphabet by 19.6% in the 1st quarter. Nwam LLC now owns 49,128 shares of the information services provider’s stock valued at $14,127,000 after purchasing an additional 8,055 shares in the last quarter. Finally, WCM Investment Management LLC grew its position in shares of Alphabet by 287.4% during the 1st quarter. WCM Investment Management LLC now owns 3,886 shares of the information services provider’s stock valued at $1,063,000 after buying an additional 2,883 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of the business’s 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 sale, the director owned 19,076 shares of the company’s stock, valued at $6,494,424.20. The trade was a 0.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 247 shares of company stock valued at $79,238 over the last three months. 11.61% of the stock is owned by company insiders.

Key Stories Impacting Alphabet

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.

Alphabet Trading Down 1.4%

NASDAQ:GOOGL opened at $279.84 on Friday. The firm has a market cap of $3.42 trillion, a price-to-earnings 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 company has a quick ratio of 2.64, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $339.07 and its 200-day moving average is $340.17.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.90). The business 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%. Equities analysts anticipate that Alphabet Inc. will post 20.40 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Pivotal Research restated a “buy” rating and set a $475.00 price objective (up from $470.00) on shares of Alphabet in a research note on Thursday, July 23rd. Citigroup dropped their target price on Alphabet from $447.00 to $375.00 and set a “buy” rating on the stock in a report on Friday. Citizens Jmp downgraded shares of Alphabet from a “market outperform” rating to a “hold” rating in a report on Thursday. Yorkville Ives assumed coverage on Alphabet in a research note on Monday, October 5th. They set an “outperform” rating and a $400.00 price objective for the company. Finally, Zacks Research downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $410.46.

Alphabet Profile

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.