Steginsky Capital LLC Sells 38,970 Shares of Alphabet Inc. $GOOG

Steginsky Capital LLC reduced its holdings in Alphabet Inc. (NASDAQ:GOOG) by 5.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 650,350 shares of the information services provider’s stock after selling 38,970 shares during the quarter. Alphabet accounts for 36.3% of Steginsky Capital LLC’s holdings, making the stock its biggest position. Steginsky Capital LLC’s holdings in Alphabet were worth $221,600,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GOOG. Kwmg LLC boosted its holdings in Alphabet by 106.0% during the third quarter. Kwmg LLC now owns 8,609 shares of the information services provider’s stock worth $2,933,000 after buying an additional 4,429 shares in the last quarter. Worth Asset Management LLC increased its holdings in shares of Alphabet by 24.3% in the third quarter. Worth Asset Management LLC now owns 3,569 shares of the information services provider’s stock valued at $1,216,000 after buying an additional 698 shares in the last quarter. Crumly & Associates Inc. increased its holdings in shares of Alphabet by 49.6% in the third quarter. Crumly & Associates Inc. now owns 1,224 shares of the information services provider’s stock valued at $417,000 after buying an additional 406 shares in the last quarter. Weaver Consulting Group lifted its position in shares of Alphabet by 20.0% during the 3rd quarter. Weaver Consulting Group now owns 3,618 shares of the information services provider’s stock valued at $1,233,000 after acquiring an additional 602 shares during the last quarter. Finally, Juncture Wealth Strategies LLC boosted its stake in shares of Alphabet by 3.2% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 2,243 shares of the information services provider’s stock worth $764,000 after acquiring an additional 69 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet and Constellation Energy agreed to long-term nuclear-power arrangements supporting roughly 3,590 megawatts for Google’s data centers. The agreement strengthens Alphabet’s ability to secure reliable electricity for AI infrastructure and signals confidence in sustained AI demand. Google and Constellation nuclear agreement
• Positive Sentiment: Google is partnering with Unity on an AI-powered game-creation platform that could expand the reach of Google AI and create new engagement opportunities across its ecosystem. The announcement also highlights Alphabet’s broader push to commercialize AI beyond Search and Cloud. Google and Unity AI gaming partnership
• Positive Sentiment: Analyst and investor commentary remains broadly bullish, citing resilient Search advertising, rapid Cloud growth, strong profitability and a comparatively modest valuation. Reported price targets generally range from approximately $416 to $450, above recent trading levels. Alphabet price target commentary
• Neutral Sentiment: Alphabet launched SynthID, a public tool for identifying AI-generated images, video and audio. The product may support trust and safety initiatives, although near-term revenue impact is unclear. Google SynthID website
• Negative Sentiment: Construction on two Google data centers in Finland was ordered halted pending environmental-impact assessments, creating potential delays and highlighting permitting risks for Alphabet’s capital-intensive AI expansion. Google Finland data center halt
• Negative Sentiment: Alphabet continues to face securities-fraud and Play Store antitrust litigation tied to alleged disclosures about Gemini development and app-store fees. The lawsuits may increase legal costs, damages exposure and regulatory uncertainty, though the repeated law-firm announcements do not represent new judgments against the company. Alphabet Play Store antitrust lawsuit

Alphabet Stock Down 0.1%

Shares of Alphabet stock traded down $0.43 during midday trading on Wednesday, hitting $344.16. The company’s stock had a trading volume of 5,890,546 shares, compared to its average volume of 20,433,744. Alphabet Inc. has a 1-year low of $236.68 and a 1-year 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 firm has a market capitalization of $4.21 trillion, a P/E ratio of 17.28, a PEG ratio of 1.00 and a beta of 1.19. The stock has a 50-day simple moving average of $342.68 and a 200-day simple moving average of $346.13.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, beating the consensus estimate of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. During the same period in the previous year, the firm earned $2.31 earnings per share. Alphabet’s quarterly revenue was up 24.2% on a year-over-year basis. As a group, sell-side analysts expect that Alphabet Inc. will post 20.55 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet’s dividend payout ratio is 4.42%.

Insider Transactions at Alphabet

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 441,399 shares of company stock valued at $8,677,053 over the last three months. 12.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Barclays reaffirmed an “overweight” rating and set a $425.00 target price (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Wells Fargo & Company set a $417.00 price target on Alphabet and gave the stock an “overweight” rating in a research note on Tuesday. BMO Capital Markets boosted their price objective on Alphabet from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Oppenheimer reaffirmed an “outperform” rating and set a $400.00 price objective (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, China Renaissance decreased their target price on shares of Alphabet from $485.00 to $445.00 and set a “buy” rating for the company in a report on Friday, July 24th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $420.07.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet’s chief executive officer and also leads Google.

Google is Alphabet’s primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.