13,152 Alphabet Inc. $GOOG Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 215,121 shares of the information services provider’s stock after selling 13,152 shares during the period. Alphabet comprises 1.5% of Sterling Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Sterling Capital Management LLC’s holdings in Alphabet were worth $73,300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of GOOG. Readystate Asset Management LP purchased a new stake in shares of Alphabet during the 2nd quarter valued at about $45,352,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Alphabet by 76.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 14,581,870 shares of the information services provider’s stock worth $4,182,952,000 after buying an additional 6,300,900 shares during the last quarter. State Street Corp boosted its holdings 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 buying an additional 5,208,690 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Alphabet by 1.4% in the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock worth $130,704,718,000 after buying an additional 5,164,200 shares during the last quarter. Finally, Amundi grew its position in Alphabet by 22.9% during the first quarter. Amundi now owns 21,922,379 shares of the information services provider’s stock valued at $6,288,654,000 after buying an additional 4,083,758 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Down 1.0%

GOOG stock opened at $314.19 on Tuesday. The business’s 50-day moving average price is $339.58 and its 200-day moving average price is $338.81. The stock has a market cap of $3.84 trillion, a P/E ratio of 15.78, a PEG ratio of 0.91 and a beta of 1.19. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a twelve month low of $264.94 and a twelve month high of $404.47.

Insider Activity at Alphabet

In other Alphabet news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction that occurred 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 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frances Arnold sold 83 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the transaction, the director owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 696 shares of company stock valued at $232,894 over the last three months. 12.99% of the stock is currently owned by insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google Cloud business remains a major growth driver. Cloud revenue reportedly grew 82% in the second quarter, while its backlog reached approximately $514 billion. Anthropic’s IPO filing also disclosed roughly $114.5 billion in non-cancelable cloud commitments with Alphabet, potentially providing substantial long-term revenue visibility. Alphabet Has $514 Billion in Cloud Orders
• Positive Sentiment: Analysts and investment managers continue to identify Alphabet as a potential leader in AI assistants, with growth prospects supported by resilient advertising, Google Cloud expansion and increasing Gemini adoption. Some long-term forecasts anticipate significant earnings growth over the next five years. Alphabet Stock: 3 Reasons Why GOOGL Is a Buy
• Neutral Sentiment: Alphabet’s upcoming quarterly results are the central near-term catalyst. Investors are focused on Search growth, Google Cloud margins, Gemini monetization and management’s capital-expenditure outlook. The stock has historically moved inconsistently after earnings, increasing the risk of a sharp reaction in either direction. Expected Alphabet Earnings Move
• Neutral Sentiment: Anthropic’s IPO filing supports demand for Alphabet’s cloud infrastructure, but it also highlights the cost of serving AI customers. Investors will need evidence that heavy data-center investment can translate into expanding cloud margins and free cash flow.
• Negative Sentiment: Investors remain concerned that elevated AI infrastructure spending could pressure margins and free cash flow, similar to the negative market reaction following Alphabet’s second-quarter results. Competition from Amazon, Microsoft, Meta and Anthropic adds to uncertainty around returns on AI investment.
• Negative Sentiment: Several law firms publicized securities-fraud class actions alleging Alphabet misled investors about AI progress during the May 19–July 16 period. Although the announcements do not establish liability, the repeated legal headlines add reputational and potential financial risk. Alphabet Securities Class Action Deadline

Wall Street Analyst Weigh In

A number of analysts have commented on GOOG shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, August 3rd. BMO Capital Markets reiterated an “outperform” rating and set a $480.00 price target on shares of Alphabet in a research note on Tuesday, October 20th. DA Davidson cut their price objective on shares of Alphabet from $375.00 to $350.00 and set a “neutral” rating for the company in a research report on Thursday, July 23rd. Raymond James Financial restated a “strong-buy” rating on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Zacks Research lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Six analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Alphabet has an average rating of “Buy” and an average price target of $421.85.

Alphabet Profile

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.