Alphabet Inc. $GOOG Shares Sold by Townsend & Associates Inc

Posted by Brian Himes on Oct 30th, 2026

Townsend & Associates Inc decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 19.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,961 shares of the information services provider’s stock after selling 1,914 shares during the period. Townsend & Associates Inc’s holdings in Alphabet were worth $2,682,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Readystate Asset Management LP acquired a new position in shares of Alphabet in the second quarter worth about $45,352,000. Arrowstreet Capital Limited Partnership grew its stake in Alphabet by 76.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 14,581,870 shares of the information services provider’s stock valued at $4,182,952,000 after purchasing an additional 6,300,900 shares in the last quarter. State Street Corp increased its holdings in Alphabet by 2.8% during the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock worth $67,458,980,000 after purchasing an additional 5,208,690 shares during the last quarter. BlackRock Inc. increased its holdings in Alphabet by 1.4% during the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock worth $130,704,718,000 after purchasing an additional 5,164,200 shares during the last quarter. Finally, Amundi raised its position in shares of Alphabet by 22.9% in the 1st quarter. Amundi now owns 21,922,379 shares of the information services provider’s stock valued at $6,288,654,000 after purchasing an additional 4,083,758 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Google Cloud delivered exceptional growth. Revenue more than doubled year over year to approximately $30.7 billion, operating margins expanded to about 36%, and backlog reached $561 billion. These results support the long-term case that Cloud and AI infrastructure can become major earnings drivers. Alphabet’s Cloud Business Just Doubled
Positive Sentiment: Alphabet’s custom AI-chip opportunity is expanding. New TPU 8t and 8i chips reportedly offer improved performance per dollar, while OpenAI is considering using Google TPUs and Alphabet is selling chips through third-party cloud providers. This could create a new revenue stream and reduce reliance on Nvidia. Alphabet’s $250 Billion AI Chip Opportunity
Positive Sentiment: Some analysts remain bullish on the long-term outlook. JPMorgan maintained an “overweight” rating despite reducing its price target from $425 to $375, while other commentary characterized the selloff as a potential buying opportunity.
Neutral Sentiment: Alphabet’s revenue rose approximately 25% year over year to $127.6 billion, and search queries continued to grow. However, the market is increasingly weighing growth quality and monetization rather than query volume alone.
Neutral Sentiment: Alphabet launched Gemini 4 Carbon, expanded AI Search advertising internationally and introduced new crypto-security tools. These initiatives may broaden future revenue sources, but their near-term financial impact remains uncertain.
Negative Sentiment: Third-quarter EPS missed expectations. Adjusted earnings were $2.12 per share versus consensus near $3.01, while revenue also fell slightly short. An approximately $8.7 billion investment loss, largely tied to Alphabet’s SpaceX stake, further reduced reported profit. Alphabet Q3 Earnings Report
Negative Sentiment: Search and advertising trends raised AI-cannibalization concerns. Search revenue grew about 12% but missed estimates, while AI-mode searches may generate less revenue than traditional search. YouTube advertising revenue also came in below expectations.
Negative Sentiment: AI spending is pressuring cash generation. Capital expenditures reached roughly $51.4 billion and free cash flow was negative by about $9.1 billion, prompting concerns about debt, financial obligations and the return on massive infrastructure investments.
Negative Sentiment: Multiple law firms announced securities-fraud class actions or lead-plaintiff deadlines related to alleged disclosures about the Gemini 3.5 Pro development timeline. The lawsuits are an additional reputational and legal overhang, though their financial impact is uncertain. Alphabet Securities Class Action Notice

Alphabet Trading Down 12.3%

Shares of NASDAQ GOOG opened at $282.32 on Friday. The company has a market cap of $3.45 trillion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The stock’s 50 day simple moving average is $336.93 and its 200 day simple moving average is $338.53. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $271.41 and a 12-month high of $404.47.

Alphabet (NASDAQ:GOOG – Get Free Report) last issued its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.89). The company had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.97 billion. Alphabet had a return on equity of 46.63% and a net margin of 50.03%. Alphabet’s quarterly revenue was up 24.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.87 earnings per share. Equities research analysts expect that Alphabet Inc. will post 20.60 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GOOG. Citic Securities raised their price target on shares of Alphabet from $430.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday. Zacks Research downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada restated a “buy” rating and issued a $475.00 target price on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Canaccord Genuity Group set a $450.00 price target on Alphabet in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $414.72.

Read Our Latest Stock Analysis on GOOG

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 83 shares of the stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the sale, the director owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.99% of the company’s stock.

Alphabet Company Profile

(Free Report)

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.