TrinityBridge Ltd Sells 143,993 Shares of Alphabet Inc. $GOOG

TrinityBridge Ltd cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 41.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,551 shares of the information services provider’s stock after selling 143,993 shares during the period. Alphabet comprises about 2.1% of TrinityBridge Ltd’s portfolio, making the stock its 15th biggest position. TrinityBridge Ltd’s holdings in Alphabet were worth $70,731,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Morton Brown Family Wealth LLC grew its holdings in shares of Alphabet by 135.5% in the third quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 42 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in Alphabet during the 2nd quarter worth approximately $29,000. Livelsberger Financial Advisory acquired a new stake in Alphabet during the 3rd quarter worth approximately $37,000. Timbuktu Capital Management LLC acquired a new stake in Alphabet during the 2nd quarter worth approximately $46,000. Finally, Robinswood Financial LLC acquired a new stake in Alphabet during the 1st quarter worth approximately $57,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Activity

In other news, Director Frances Arnold sold 83 shares of the business’s stock in a transaction that occurred 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 approximately $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 247 shares of company stock valued at $79,238 over the last quarter. Insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several recent research reports. HSBC set a $515.00 price target on shares of Alphabet in a research report on Friday, August 14th. Phillip Securities raised Alphabet from a “moderate buy” rating to a “strong-buy” rating and cut their price objective for the stock from $450.00 to $425.00 in a research report on Monday, July 27th. KeyCorp reiterated an “overweight” rating and issued a $385.00 price objective on shares of Alphabet in a research note on Thursday, October 29th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $325.00 price target on shares of Alphabet in a research report on Thursday, October 29th. Finally, Canaccord Genuity Group set a $450.00 price target on Alphabet in a research report on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $413.38.

Alphabet Trading Down 1.9%

NASDAQ GOOG opened at $281.74 on Friday. The firm’s fifty day moving average price is $330.86 and its 200 day moving average price is $337.20. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69. Alphabet Inc. has a 12 month low of $271.41 and a 12 month high of $404.47. The company has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 0.87 and a beta of 1.21.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 29th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.01 by ($0.89). The business had revenue of $127.58 billion during the quarter, compared to analysts’ expectations of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The firm’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.87 EPS. On average, sell-side analysts expect that Alphabet Inc. will post 19.80 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s payout ratio is presently 4.59%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is backing financing for TeraWulf’s data-center project tied to Anthropic’s long-term leases. The support could help secure infrastructure for AI demand, though it also exposes Google to a contingent commitment if Anthropic defaults. Article: Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
• Positive Sentiment: Waymo plans to expand its robotaxi fleet in Nashville by year-end, offering a potential growth signal for Alphabet’s autonomous-driving business. Article: Lyft to expand Waymo robotaxi fleet in Nashville by year-end
• Negative Sentiment: Google, Meta and TikTok sued California’s attorney general to block a law restricting features deemed addictive for under-16 users. The dispute adds regulatory uncertainty and scrutiny of Google’s services for young people. Article: Meta, Google, and TikTok sue California AG over teen social media law
• Negative Sentiment: Parents have sued Google, alleging a student used an AI chat on a school Chromebook while planning a suicide attempt. The claim is unproven, but it could heighten concerns about AI safety, liability and reputational risk. Article: Google faces claims student used AI chat on US school laptop to plan suicide attempt
• Negative Sentiment: Several law firms publicized a securities class action concerning investors who bought Alphabet shares from May 19 to July 16, alleging misleading statements about Gemini 3.5 Pro’s launch timing. The allegations have not been proven, but add legal overhang. Article: Rosen Law Firm investor notice

About Alphabet

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google’s principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.