Graves Light Lenhart Wealth Inc. lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 4.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,397 shares of the information services provider’s stock after selling 3,277 shares during the quarter. Alphabet comprises about 2.1% of Graves Light Lenhart Wealth Inc.’s holdings, making the stock its 18th largest position. Graves Light Lenhart Wealth Inc.’s holdings in Alphabet were worth $22,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet in the fourth quarter valued at about $32,000. EMC Capital Management bought a new stake in shares of Alphabet in the fourth quarter worth $33,000. Core Capital Management & Research inc. acquired a new position in Alphabet during the 2nd quarter worth $41,000. Premier Financial Group acquired a new position in Alphabet in the second quarter worth about $45,000. Finally, Bard Associates Inc. bought a new position in shares of Alphabet in the 4th quarter worth about $52,000. 40.03% of the stock is owned by institutional investors and hedge funds.
Alphabet News Roundup
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet unveiled Gemini Agent, an AI system designed to complete multistep tasks across Gmail, Docs, Sheets, Calendar and third-party platforms such as Microsoft 365, Salesforce Slack, Jira and Snowflake. The enterprise focus could support Google Cloud growth and create new Workspace monetization opportunities. Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
- Positive Sentiment: TD Cowen raised its Alphabet price target to $485 while maintaining a Buy rating after the Gemini Agent announcement. Other coverage continues to be broadly bullish, with analysts citing Alphabet’s valuation, advertising business, cloud expansion and AI potential. Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
- Positive Sentiment: Employees are reportedly testing Gemini 4 Carbon, a newer internal model that could improve Alphabet’s competitiveness against OpenAI and Anthropic if it delivers better performance. The report is speculative, but it reinforces expectations for continued AI investment. Google is about to roll out a new AI model
- Positive Sentiment: Alphabet’s reported roughly $13 billion Nordic AI data-center investment highlights access to reliable, lower-cost power and could help address U.S. permitting and grid constraints, though the spending also raises capital-intensity concerns. Google’s $13 Billion Nordic Bet
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on GOOGL
Alphabet Trading Up 1.0%
NASDAQ:GOOGL opened at $351.66 on Friday. The business’s 50-day simple moving average is $345.90 and its 200-day simple moving average is $349.18. Alphabet Inc. has a fifty-two week low of $235.84 and a fifty-two week high of $408.61. The stock has a market capitalization of $4.30 trillion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.
Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $117.07 billion. Sell-side analysts expect that Alphabet Inc. will post 20.55 earnings per share for the current fiscal year.
Alphabet Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were given a $0.22 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 4.42%.
Insiders Place Their Bets
In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer owned 27,386 shares of the company’s stock, valued at $9,125,015.20. This trade represents a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 441,399 shares of company stock worth $8,677,053. 11.61% of the stock is currently owned by insiders.
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.
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