Douglas Lane & Associates LLC Sells 6,448 Shares of Alphabet Inc. $GOOGL

Douglas Lane & Associates LLC cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.1% during the third quarter, HoldingsChannel.com reports. The firm owned 150,376 shares of the information services provider’s stock after selling 6,448 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Alphabet were worth $51,741,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GOOGL. EMC Capital Management bought a new stake in shares of Alphabet during the fourth quarter worth approximately $33,000. Lifetime Wealth Management P.C. bought a new position in Alphabet in the fourth quarter valued at approximately $32,000. Core Capital Management & Research inc. acquired a new stake in Alphabet during the 2nd quarter worth $41,000. Premier Financial Group bought a new stake in shares of Alphabet during the 2nd quarter valued at $45,000. Finally, Bard Associates Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at $52,000. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frances Arnold sold 83 shares of the company’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 approximately $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 441,399 shares of company stock worth $8,677,053 in the last ninety days. 11.61% of the stock is owned by company insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled Gemini Agent, an AI system designed to complete multistep tasks across Gmail, Docs, Sheets, Calendar and third-party platforms such as Microsoft 365, Salesforce Slack, Jira and Snowflake. The enterprise focus could support Google Cloud growth and create new Workspace monetization opportunities. Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
• Positive Sentiment: TD Cowen raised its Alphabet price target to $485 while maintaining a Buy rating after the Gemini Agent announcement. Other coverage continues to be broadly bullish, with analysts citing Alphabet’s valuation, advertising business, cloud expansion and AI potential. Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
• Positive Sentiment: Employees are reportedly testing Gemini 4 Carbon, a newer internal model that could improve Alphabet’s competitiveness against OpenAI and Anthropic if it delivers better performance. The report is speculative, but it reinforces expectations for continued AI investment. Google is about to roll out a new AI model
• Positive Sentiment: Alphabet’s reported roughly $13 billion Nordic AI data-center investment highlights access to reliable, lower-cost power and could help address U.S. permitting and grid constraints, though the spending also raises capital-intensity concerns. Google’s $13 Billion Nordic Bet

Alphabet Stock Up 1.0%

Alphabet stock opened at $351.66 on Friday. Alphabet Inc. has a 1-year low of $235.84 and a 1-year high of $408.61. The company has a market cap of $4.30 trillion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21. 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 company has a fifty day simple moving average of $345.90 and a 200 day simple moving average of $349.18.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating the consensus estimate of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $117.07 billion. Research analysts anticipate that Alphabet Inc. will post 20.55 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 4.42%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. DZ Bank upgraded Alphabet to a “strong-buy” rating in a research report on Thursday, July 23rd. Phillip Securities upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 27th. Evercore reissued an “outperform” rating and issued a $450.00 target price on shares of Alphabet in a research note on Wednesday, September 16th. Pivotal Research restated a “buy” rating and set a $475.00 target price (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. Finally, Piper Sandler boosted their target price on Alphabet from $395.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, September 28th. Five investment 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 company’s stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Buy” and an average price target of $425.72.

Alphabet 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.