Segment Wealth Management LLC Sells 1,891 Shares of Alphabet Inc. $GOOGL

Segment Wealth Management LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,756 shares of the information services provider’s stock after selling 1,891 shares during the quarter. Alphabet comprises about 1.6% of Segment Wealth Management LLC’s portfolio, making the stock its 13th biggest position. Segment Wealth Management LLC’s holdings in Alphabet were worth $30,539,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its holdings in shares of 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. Arrowstreet Capital Limited Partnership lifted its position in shares of Alphabet by 90.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider’s stock valued at $4,900,078,000 after buying an additional 8,112,680 shares during the last quarter. Amundi grew its position in shares of Alphabet by 12.7% in the 1st quarter. Amundi now owns 31,745,979 shares of the information services provider’s stock worth $9,128,850,000 after buying an additional 3,574,810 shares during the last quarter. Jupiter Topco LLC purchased a new stake in Alphabet during the second quarter valued at approximately $1,058,385,000. Finally, Nykredit A S purchased a new stake in Alphabet during the second quarter valued at approximately $1,004,749,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 83 shares of Alphabet 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 owned 19,076 shares in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 247 shares of company stock worth $79,238 over the last quarter. Company insiders own 11.61% of the company’s stock.

Alphabet Stock Up 0.4%

GOOGL stock opened at $280.03 on Wednesday. The firm has a market cap of $3.42 trillion, a PE ratio of 14.62, a P/E/G ratio of 0.84 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. The firm’s fifty day moving average is $336.39 and its 200 day moving average is $339.61. Alphabet Inc. has a one year low of $270.70 and a one year high of $408.61.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.02 by ($0.90). The firm had revenue of $127.58 billion for the quarter, compared to analysts’ expectations of $127.96 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. On average, research analysts forecast that Alphabet Inc. will post 19.86 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, December 7th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, December 7th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio is currently 4.59%.

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 in the latest quarter, and its reported backlog was about $561 billion, highlighting strong enterprise demand. Read More.
• Positive Sentiment: Alphabet is in preliminary discussions related to the U.S. “Golden Dome” defense initiative. A contract could create a new, recurring revenue stream and help monetize its infrastructure investments, though no deal has been confirmed. Read More.
• Neutral Sentiment: Google plans to make its AI tools opt-in for K-12 students, responding to concerns from educators and policymakers. Reports that restricting AI could also limit Search have drawn political criticism, creating reputational risk while the company adjusts its school policies. Read More.
• Negative Sentiment: Recent earnings concerns continue to weigh on the outlook: Alphabet missed quarterly EPS expectations, Search growth slowed, and AI-generated results may produce less advertising revenue than traditional Search. ChatGPT’s search volume is also reported at roughly 20% of Google’s, underscoring competition for users. Read More.
• Negative Sentiment: Heavy AI infrastructure spending pushed free cash flow negative, and management expects capital expenditures to rise further. That raises questions about when the investment will generate sufficient returns and may help explain continued pressure on the shares after earnings. Read More.
• Negative Sentiment: Several law firms publicized an existing securities class action concerning alleged statements about Gemini 3.5 Pro training results. The repeated notices do not indicate separate new cases, but the litigation could add legal and reputational risk. Read More.

Analysts Set New Price Targets

Several research firms have issued reports on GOOGL. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a report on Thursday, October 15th. Truist Financial cut their price objective on shares of Alphabet from $420.00 to $410.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Wedbush dropped their target price on shares of Alphabet from $445.00 to $387.00 and set an “outperform” rating on the stock in a research report on Thursday, October 29th. UBS Group set a $332.00 target price on Alphabet and gave the company a “neutral” rating in a research report on Thursday, October 29th. Finally, Susquehanna dropped their price target on Alphabet from $460.00 to $400.00 and set a “positive” rating on the stock in a research note on Thursday, October 29th. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Buy” and an average price target of $412.51.

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.