8,324 Alphabet Inc. $GOOGL Shares Sold by Coastline Trust Co

Coastline Trust Co trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163,780 shares of the information services provider’s stock after selling 8,324 shares during the quarter. Alphabet makes up 5.3% of Coastline Trust Co’s portfolio, making the stock its 3rd biggest position. Coastline Trust Co’s holdings in Alphabet were worth $56,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. State Street Corp lifted its stake in Alphabet by 5.6% during the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock worth $85,403,303,000 after purchasing an additional 12,718,127 shares during the last quarter. Diamant Asset Management Inc. lifted its position in shares of Alphabet by 28,950.0% in the 1st quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider’s stock worth $2,671,986,000 after buying an additional 9,259,940 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Alphabet by 90.9% in the 1st 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 period. Corient Private Wealth LLC boosted its holdings in shares of Alphabet by 127.9% in the 4th quarter. Corient Private Wealth LLC now owns 11,677,886 shares of the information services provider’s stock valued at $3,655,178,000 after buying an additional 6,554,842 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of Alphabet by 45.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,737,125 shares of the information services provider’s stock valued at $4,299,721,000 after buying an additional 4,313,745 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

GOOGL stock traded down $6.85 during trading on Thursday, reaching $337.23. 17,519,707 shares of the company’s stock were exchanged, compared to its average volume of 30,896,697. Alphabet Inc. has a 1-year low of $235.84 and a 1-year high of $408.61. The firm has a market cap of $4.12 trillion, a PE ratio of 16.93, a P/E/G ratio of 0.99 and a beta of 1.22. The company’s fifty day moving average price is $343.85 and its 200-day moving average price is $347.48. 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:GOOGL) last issued its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, research analysts expect that Alphabet Inc. will post 20.55 EPS for the current fiscal year.

Alphabet Announces Dividend

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

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google launched Gemini 4 Argon, its most advanced AI model to date, with reported improvements in coding, cybersecurity and complex professional workflows. JPMorgan maintained an Overweight rating, suggesting analysts view the launch as evidence that Alphabet remains competitive with OpenAI and Anthropic. Alphabet stock falls despite Gemini 4 Argon launch
• Positive Sentiment: Alphabet is testing its Project Suncatcher initiative by sending Google Tensor Processing Units into orbit on a SpaceX mission. Although commercially distant, the project could support future space-based AI infrastructure and demonstrates Alphabet’s willingness to pursue new computing platforms. SpaceX set to launch Google AI chips into orbit
• Positive Sentiment: Recent commentary continues to point to momentum in Search, YouTube, subscriptions, advertising and cloud services. Alphabet’s AI investments are viewed as potentially improving engagement and advertiser performance, while its valuation remains more reasonable than many high-growth AI stocks. Alphabet rides on Google Services growth
• Neutral Sentiment: Gemini 4 Argon is initially restricted to selected cybersecurity organizations because of safety concerns. A cautious rollout may reduce immediate revenue impact, but could help Alphabet limit reputational and regulatory risks before broader distribution. Google releases new Gemini model with guardrails
• Negative Sentiment: Reports that some Google employees questioned Gemini 4 Argon’s real-world performance, despite strong benchmark results, raise concerns about whether the model will translate into sustained user adoption and commercial gains. Google staff question Gemini 4 performance
• Negative Sentiment: Alphabet is challenging European Union orders that could require it to share search data and open services to AI rivals. An unfavorable outcome could weaken Google’s competitive advantages and increase compliance costs. Google asks EU court to suspend order
• Negative Sentiment: Pershing Square reportedly sold its entire Alphabet position to buy Microsoft, while a potential Anthropic IPO could make the value of Alphabet’s investment in the AI company more volatile. These developments may reinforce concerns about competition and the risk of paper gains reversing. Bill Ackman sold Alphabet to buy an AI stock

Insider Activity

In other news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frances Arnold sold 82 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $337.71, for a total value of $27,692.22. Following the completion of the sale, the director owned 18,995 shares of the company’s stock, valued at approximately $6,414,801.45. This trade represents a 0.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 441,316 shares of company stock worth $8,648,795 over the last three months. Corporate insiders own 11.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GOOGL. Needham & Company LLC reissued a “buy” rating and issued a $450.00 target price on shares of Alphabet in a report on Wednesday, June 3rd. BMO Capital Markets set a $465.00 price target on Alphabet and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Tigress Financial reissued a “strong-buy” rating and issued a $485.00 price target (up from $415.00) on shares of Alphabet in a report on Thursday, September 17th. Freedom Capital upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Citizens Jmp restated a “market outperform” rating and set a $515.00 price objective on shares of Alphabet in a research note on Wednesday, July 22nd. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Alphabet presently has an average rating of “Buy” and a consensus price target of $425.60.

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.