7,013 Alphabet Inc. $GOOGL Shares Sold by Studio Investment Management LLC

Studio Investment Management LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 14.6% in the third quarter, HoldingsChannel reports. The firm owned 40,987 shares of the information services provider’s stock after selling 7,013 shares during the quarter. Alphabet accounts for approximately 2.4% of Studio Investment Management LLC’s investment portfolio, making the stock its 8th largest holding. Studio Investment Management LLC’s holdings in Alphabet were worth $14,103,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Mills Wealth Advisors LLC increased its holdings in shares of Alphabet by 20.8% in the third quarter. Mills Wealth Advisors LLC now owns 1,057 shares of the information services provider’s stock worth $364,000 after purchasing an additional 182 shares during the last quarter. Old North State Wealth Management LLC boosted its stake in Alphabet by 4.0% during the third quarter. Old North State Wealth Management LLC now owns 12,513 shares of the information services provider’s stock valued at $4,318,000 after buying an additional 480 shares during the last quarter. Lake Street Private Wealth LLC boosted its stake in Alphabet by 0.5% during the third quarter. Lake Street Private Wealth LLC now owns 40,455 shares of the information services provider’s stock valued at $13,920,000 after buying an additional 209 shares during the last quarter. Curry Webb Wealth Management LLC grew its holdings in Alphabet by 22.6% during the 3rd quarter. Curry Webb Wealth Management LLC now owns 1,904 shares of the information services provider’s stock valued at $655,000 after buying an additional 351 shares in the last quarter. Finally, Sepio Capital LP grew its holdings in Alphabet by 2.9% during the 3rd quarter. Sepio Capital LP now owns 46,845 shares of the information services provider’s stock valued at $16,119,000 after buying an additional 1,323 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GOOGL. Freedom Capital raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Pivotal Research reiterated a “buy” rating and set a $475.00 target price (up from $470.00) on shares of Alphabet in a research report on Thursday, July 23rd. Wells Fargo & Company reissued an “overweight” rating and issued a $417.00 target price (up from $411.00) on shares of Alphabet in a report on Tuesday, October 6th. Benchmark reissued a “buy” rating on shares of Alphabet in a report on Thursday, October 1st. Finally, Wedbush reduced their price target on shares of Alphabet from $445.00 to $387.00 and set an “outperform” rating on the stock in a research report on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $412.82.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of the company’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.61% of the stock is owned by company insiders.

Alphabet Stock Down 12.6%

Shares of NASDAQ GOOGL opened at $283.82 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The company has a market cap of $3.47 trillion, a P/E ratio of 14.81, a PEG ratio of 0.94 and a beta of 1.21. Alphabet Inc. has a 1 year low of $270.70 and a 1 year high of $408.61. The firm has a 50-day simple moving average of $340.29 and a two-hundred day simple moving average of $340.43.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a return on equity of 46.63% and a net margin of 50.03%. The business had revenue of $127.58 billion during the quarter, compared to analysts’ expectations of $127.96 billion. Research analysts anticipate that Alphabet Inc. will post 20.60 earnings per share for the current year.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered exceptional growth. Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results indicate strong demand for Alphabet’s AI infrastructure and cloud services. Alphabet’s Cloud Business Just Doubled
• Positive Sentiment: Alphabet’s AI ecosystem is gaining commercial traction. OpenAI reportedly plans to use Google’s custom TPU chips, and search query growth reached its strongest year-over-year pace in five years. These developments could support longer-term cloud, chip and AI revenue opportunities.
• Positive Sentiment: Some analysts remain constructive despite reducing targets. Guggenheim and Needham reaffirmed “buy” ratings, while RBC, Wedbush, KeyCorp, Susquehanna and Truist retained positive or outperform-equivalent ratings.
• Neutral Sentiment: Analyst expectations were reset lower. Multiple firms cut price targets, including RBC to $400, Wedbush to $387 and DA Davidson to $300, although most remained positive or neutral rather than bearish.
• Neutral Sentiment: Alphabet faces several securities class-action notices concerning alleged disclosures about the development of its Gemini AI models. The lawsuits and lead-plaintiff deadlines add reputational and legal uncertainty, but their immediate financial impact is unclear.
• Negative Sentiment: Alphabet missed Wall Street’s quarterly expectations. Adjusted earnings were $2.12 per share versus roughly $3.02 expected, while revenue of $127.6 billion was slightly below forecasts. Search and other revenue grew 12% but missed estimates for a second consecutive quarter, and YouTube advertising revenue also fell short.
• Negative Sentiment: AI spending is pressuring cash generation. Alphabet reported approximately $9.1 billion of negative free cash flow as capital expenditures for data centers and AI capacity exceeded operating cash flow. Investors are questioning whether the spending will generate adequate returns and whether it could constrain buybacks or dividends. Alphabet earnings miss reflects first real sign that AI is taking a bite out of search
• Negative Sentiment: AI-powered search appears less profitable than traditional search, raising concerns that AI could disrupt Alphabet’s core advertising engine even as it increases user engagement.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment and an EU antitrust fine further reduced reported earnings, amplifying the quarter’s bottom-line miss.

About Alphabet

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.