Alphabet Inc. $GOOGL Stock Position Cut by Sowell Financial Services LLC

Sowell Financial Services LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGL) by 8.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 91,561 shares of the information services provider’s stock after selling 8,399 shares during the period. Alphabet accounts for approximately 0.9% of Sowell Financial Services LLC’s investment portfolio, making the stock its 19th largest holding. Sowell Financial Services LLC’s holdings in Alphabet were worth $31,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. EMC Capital Management bought a new position in shares of Alphabet in the second quarter worth about $35,000. Core Capital Management & Research inc. purchased a new position in shares of Alphabet during the 2nd quarter valued at about $41,000. Intelligent Financial Strategies bought a new position in shares of Alphabet during the 3rd quarter valued at approximately $41,000. Premier Financial Group bought a new position in shares of Alphabet during the 2nd quarter valued at approximately $45,000. Finally, Van Den Berg Management I Inc. grew its stake in shares of Alphabet by 319.6% during the 1st quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider’s stock valued at $61,000 after acquiring an additional 163 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Anthropic’s IPO filing disclosed approximately $114.5 billion in non-cancelable cloud commitments with Alphabet. The agreements could provide significant long-term revenue visibility for Google Cloud, although investors will focus on whether the business can convert that demand into higher margins and free cash flow. Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
• Positive Sentiment: Google Cloud reportedly grew sharply and its backlog reached about $514 billion, while the Gemini app expanded to roughly 950 million monthly users. These figures support the view that cloud and AI could become increasingly important growth engines alongside Search. Alphabet Has $514 Billion in Cloud Orders
• Neutral Sentiment: Options traders expect a sizable move following the October 28 earnings report. The key issues will be Search growth, Google Cloud margins, AI monetization, capital-expenditure guidance, and free cash flow. Alphabet has historically had mixed next-day earnings reactions. Here’s How Much Traders See Google Parent Alphabet’s Stock Moving After Earnings
• Negative Sentiment: Investors remain wary that heavy AI infrastructure spending could pressure margins and free cash flow, as happened after the prior quarterly report. An analyst also reduced the price target ahead of earnings, adding to caution. Alphabet Stock Slips After Citizens Cuts Price Target
• Negative Sentiment: Several law firms publicized securities class actions alleging Alphabet misled investors during the May 19–July 16 period. The filings are largely investor-solicitation notices rather than new operating developments, but they add reputational and potential financial risk. Alphabet Securities Fraud Class Action Deadline

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the transaction, the director directly owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares of the company’s stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 696 shares of company stock worth $232,894 in the last three months. Insiders own 11.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Benchmark restated a “buy” rating on shares of Alphabet in a research note on Thursday, October 1st. Citizens Jmp dropped their price target on shares of Alphabet from $515.00 to $450.00 and set a “market outperform” rating for the company in a research report on Thursday, October 22nd. Evercore reissued an “outperform” rating and issued a $450.00 price objective on shares of Alphabet in a research note on Wednesday, September 16th. DZ Bank upgraded shares of Alphabet to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Truist Financial set a $420.00 target price on shares of Alphabet and gave the company a “buy” rating in a research note on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $425.04.

Alphabet Trading Down 1.1%

GOOGL stock opened at $316.80 on Tuesday. 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 Inc. has a 1-year low of $264.28 and a 1-year high of $408.61. The business has a 50 day simple moving average of $342.94 and a two-hundred day simple moving average of $340.66. The company has a market capitalization of $3.87 trillion, a price-to-earnings ratio of 15.91, a PEG ratio of 0.92 and a beta of 1.21.

Alphabet Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.