Sustainable Growth Advisers LP reduced its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 1.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,104,137 shares of the information services provider’s stock after selling 25,574 shares during the quarter. Alphabet comprises about 7.8% of Sustainable Growth Advisers LP’s portfolio, making the stock its 3rd largest holding. Sustainable Growth Advisers LP’s holdings in Alphabet were worth $716,964,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of GOOG. BlackRock Inc. raised its stake in Alphabet by 1.4% during the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock worth $130,704,718,000 after acquiring an additional 5,164,200 shares in the last quarter. State Street Corp lifted its stake in shares of Alphabet by 2.8% in the second quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock worth $67,458,980,000 after acquiring an additional 5,208,690 shares during the period. Amundi raised its stake in Alphabet by 22.9% during the first quarter. Amundi now owns 21,922,379 shares of the information services provider’s stock worth $6,288,654,000 after buying an additional 4,083,758 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Alphabet by 5.6% in the 2nd quarter. Deutsche Bank AG now owns 17,313,729 shares of the information services provider’s stock valued at $6,117,460,000 after purchasing an additional 913,666 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Alphabet by 24.9% during the second quarter. Wellington Management Group LLP now owns 17,209,454 shares of the information services provider’s stock worth $6,080,616,000 after acquiring an additional 3,432,287 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.
Insider Transactions at Alphabet
In related news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares of the company’s stock, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 420,865 shares of company stock worth $8,293,477. 12.99% of the stock is currently owned by insiders.
Alphabet Stock Performance
NASDAQ GOOG opened at $336.91 on Friday. The firm has a market cap of $4.12 trillion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 0.98 and a beta of 1.19. Alphabet Inc. has a twelve month low of $244.67 and a twelve month high of $404.47. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $341.08 and a 200-day moving average price of $348.80.
Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.87 by $6.24. The business had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business’s revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.31 EPS. As a group, equities research analysts predict that Alphabet Inc. will post 20.54 EPS for the current fiscal year.
Alphabet Dividend Announcement
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s payout ratio is 4.42%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on GOOG. Evercore upped their price objective on shares of Alphabet from $420.00 to $450.00 and gave the stock an “outperform” rating in a research report on Thursday, September 17th. BMO Capital Markets upped their target price on shares of Alphabet from $455.00 to $465.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Royal Bank Of Canada reissued a “buy” rating and set a $475.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. China Renaissance dropped their price objective on Alphabet from $485.00 to $445.00 and set a “buy” rating for the company in a report on Friday, July 24th. Finally, Morgan Stanley cut their target price on Alphabet from $415.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $422.10.
Check Out Our Latest Stock Analysis on GOOG
Alphabet News Summary
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: AI-chip opportunity: Evercore ISI raised its Alphabet estimates, arguing that the company could sell its internally developed tensor processing units (TPUs) to cloud customers. AI-chip revenue could become a meaningful contributor to Google Cloud, supporting growth and improving the return on Alphabet’s substantial infrastructure investments. Evercore raises Alphabet estimates on potential TPU hardware sales
- Positive Sentiment: Quantum-computing breakthrough: Google reported a technique that reduces quantum-computing errors by roughly 40 times. Although commercialization remains uncertain, the development reinforces Alphabet’s long-term technology leadership and could support investor enthusiasm around its research portfolio. Google demonstrates new quantum computer breakthrough
- Positive Sentiment: Expansion of growth businesses: Waymo received approval to participate in Ontario’s automated-vehicle pilot program and is targeting a Toronto robotaxi launch in 2028. Alphabet also reached a multiyear AI-content agreement with CNN, potentially strengthening its AI products and training resources. Google’s Waymo plans first Canada robotaxi service in Toronto in 2028
- Neutral Sentiment: Analyst support remains favorable: JPMorgan raised its Alphabet target to $425 and maintained an overweight rating, while recent commentary continues to emphasize strong cloud and AI growth. However, investors remain focused on whether large capital expenditures can generate sufficient future returns.
- Negative Sentiment: Macro pressure: A hotter-than-expected producer-price report reduced expectations for near-term Federal Reserve rate cuts. Higher-for-longer rates typically weigh on high-growth technology valuations, contributing to weakness across major technology shares, including Alphabet.
- Negative Sentiment: Legal overhang: Multiple law firms publicized a securities class action involving investors who held Alphabet shares between May 19 and July 16, 2026, citing alleged securities-law violations related to disclosures about Gemini AI performance. The repeated deadline reminders may add short-term sentiment pressure, although the ultimate financial impact remains uncertain. Kaplan Fox Alphabet class action reminder
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.
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