Sumitomo Mitsui Trust Group Inc. Sells 236,084 Shares of Alphabet Inc. $GOOGL

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.7% in the 3rd quarter, Holdings Channel reports. The firm owned 13,347,650 shares of the information services provider’s stock after selling 236,084 shares during the period. Alphabet comprises 2.6% of Sumitomo Mitsui Trust Group Inc.’s investment portfolio, making the stock its 5th largest holding. Sumitomo Mitsui Trust Group Inc.’s holdings in Alphabet were worth $4,592,659,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GOOGL. Mirae Asset Global Investments Co. Ltd. bought a new position in Alphabet during the third quarter valued at approximately $1,612,704,000. ARQ Wealth Advisors LLC lifted its holdings in shares of Alphabet by 2.7% in the 3rd quarter. ARQ Wealth Advisors LLC now owns 23,423 shares of the information services provider’s stock worth $8,060,000 after acquiring an additional 611 shares during the last quarter. Stevens Capital Partners boosted its stake in shares of Alphabet by 22.2% in the 3rd quarter. Stevens Capital Partners now owns 9,499 shares of the information services provider’s stock valued at $3,268,000 after purchasing an additional 1,725 shares in the last quarter. Royal Harbor Partners LLC boosted its stake in shares of Alphabet by 1.8% in the 3rd quarter. Royal Harbor Partners LLC now owns 12,440 shares of the information services provider’s stock valued at $4,280,000 after purchasing an additional 219 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Alphabet by 3.2% in the 3rd quarter. ProShare Advisors LLC now owns 3,076,096 shares of the information services provider’s stock valued at $1,058,423,000 after purchasing an additional 94,301 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $288.15 on Tuesday. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $331.76 and its 200 day simple moving average is $338.77. The stock has a market cap of $3.52 trillion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 0.87 and a beta of 1.23. Alphabet Inc. has a twelve month low of $270.70 and a twelve month high of $408.61.

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

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, December 7th will be issued a $0.22 dividend. 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 4.59%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GOOGL shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research report on Thursday, October 15th. Citizens Jmp lowered shares of Alphabet from a “market outperform” rating to a “hold” rating in a research report on Thursday, October 29th. UBS Group set a $332.00 price objective on Alphabet and gave the company a “neutral” rating in a research note on Thursday, October 29th. Yorkville Ives started coverage on Alphabet in a research note on Monday, October 5th. They issued an “outperform” rating and a $400.00 target price for the company. Finally, Barclays restated an “overweight” rating and set a $405.00 target price (down from $425.00) on shares of Alphabet in a report on Thursday, October 29th. Five research analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Alphabet currently has an average rating of “Buy” and an average price target of $412.51.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced two new versions of its eighth-generation Tensor Processing Units, broadening its AI-chip offerings and sharpening its challenge to Nvidia. Investors may see custom chips as a way to support Google Cloud growth and reduce reliance on outside suppliers. Alphabet stock rises as Google expands AI chip lineup to challenge Nvidia
• Neutral Sentiment: JPMorgan removed Alphabet from its Analyst Focus List but maintained an Overweight rating. The firm cited slower AI-search monetization and substantial infrastructure spending, highlighting execution risks without changing its overall positive rating. JPMorgan Just Removed Alphabet From Its Analyst Focus List
• Negative Sentiment: Federal safety regulators opened a new investigation into Waymo after reports that its robotaxis continued to pass stopped school buses despite a prior software fix. The probe could bring regulatory, reputational or operational costs for Alphabet’s autonomous-driving business. Waymo robotaxis kept illegally passing school buses after software fix, feds say
• Negative Sentiment: Several law firms publicized an existing securities class action concerning Alphabet investors who bought shares from May 19 to July 16, 2026. The lawsuit alleges investors were misled about the Gemini 3.5 Pro launch timeline; the lead-plaintiff deadlines are November 30 or December 1. Repeated notices may add legal overhang, though they are not new court findings. Alphabet Deadline Alert: Levi & Korsinsky Reminds Investors of Securities Class Action Deadline

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the transaction, the director owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 247 shares of company stock valued at $79,238 in the last ninety days. 11.61% of the stock is currently owned by corporate insiders.

Alphabet Company Profile

Alphabet Inc is a technology holding company whose largest business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company reorganized its businesses under the holding-company structure in 2015.

Google’s products and services include Search, YouTube, Android, Chrome, Google Maps, Google Play and Google Cloud. The company also generates revenue from digital advertising and offers devices, subscriptions and artificial intelligence products and services.

Alphabet serves consumers, businesses and organizations around the world.