Alphabet Inc. $GOOGL Shares Sold by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 45.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 292,349 shares of the information services provider’s stock after selling 244,864 shares during the period. Alphabet accounts for about 2.2% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 16th largest position. Mondrian Investment Partners LTD’s holdings in Alphabet were worth $100,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of GOOGL. Ascent Wealth Partners LLC lifted its holdings in shares of Alphabet by 1.5% in the third quarter. Ascent Wealth Partners LLC now owns 75,625 shares of the information services provider’s stock worth $26,021,000 after buying an additional 1,087 shares in the last quarter. Lorne Steinberg Wealth Management Inc. boosted its position in shares of Alphabet by 0.9% during the third quarter. Lorne Steinberg Wealth Management Inc. now owns 62,806 shares of the information services provider’s stock worth $21,610,000 after acquiring an additional 582 shares during the last quarter. Nabity Jensen Investment Management Inc grew its stake in Alphabet by 3.9% during the third quarter. Nabity Jensen Investment Management Inc now owns 7,191 shares of the information services provider’s stock valued at $2,474,000 after acquiring an additional 270 shares in the last quarter. Canton Hathaway LLC grew its stake in Alphabet by 1.9% during the third quarter. Canton Hathaway LLC now owns 12,979 shares of the information services provider’s stock valued at $4,466,000 after acquiring an additional 241 shares in the last quarter. Finally, Gibbs Wealth Management grew its stake in Alphabet by 25.2% during the third quarter. Gibbs Wealth Management now owns 40,841 shares of the information services provider’s stock valued at $14,053,000 after acquiring an additional 8,232 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GOOGL. Roth Capital reiterated a “buy” rating and issued a $440.00 price target (up from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Truist Financial dropped their price objective on shares of Alphabet from $420.00 to $410.00 and set a “buy” rating for the company in a report on Thursday. Tigress Financial restated a “strong-buy” rating and set a $485.00 price objective (up from $415.00) on shares of Alphabet in a research report on Thursday, September 17th. Wells Fargo & Company reduced their target price on Alphabet from $417.00 to $371.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Cantor Fitzgerald decreased their target price on Alphabet from $420.00 to $350.00 and set an “overweight” rating on the stock in a research report on Thursday. Five research 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. Based on data from MarketBeat, Alphabet presently has an average rating of “Buy” and an average target price of $410.46.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 83 shares of the business’s stock in a transaction dated 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 directly owned 19,076 shares in the company, valued at $6,494,424.20. The trade was a 0.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 247 shares of company stock valued at $79,238. Insiders own 11.61% of the company’s stock.

Alphabet Trading Down 1.4%

Shares of GOOGL opened at $279.84 on Friday. The company’s fifty day moving average is $339.07 and its 200 day moving average is $340.17. Alphabet Inc. has a fifty-two week low of $270.70 and a fifty-two week high of $408.61. The stock has a market capitalization of $3.42 trillion, a PE ratio of 14.61, a P/E/G ratio of 0.82 and a beta of 1.21. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.64 and a current ratio of 2.79.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.90). 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 the consensus estimate of $127.96 billion. Sell-side analysts expect that Alphabet Inc. will post 20.05 earnings per share for the current fiscal year.

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 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 Company 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.