5,631 Alphabet Inc. $GOOG Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp lessened its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.6% during the third quarter, HoldingsChannel.com reports. The fund owned 344,425 shares of the information services provider’s stock after selling 5,631 shares during the quarter. Alphabet makes up about 3.3% of Heritage Investors Management Corp’s portfolio, making the stock its 6th biggest holding. Heritage Investors Management Corp’s holdings in Alphabet were worth $117,359,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GOOG. Readystate Asset Management LP acquired a new stake in Alphabet in the 2nd quarter valued at $45,352,000. BlackRock Inc. raised its position in Alphabet by 1.4% in the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock valued at $130,704,718,000 after purchasing an additional 5,164,200 shares during the period. State Street Corp lifted its stake in shares of Alphabet by 2.8% during 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 purchasing an additional 5,208,690 shares in the last quarter. Amundi lifted its stake in shares of 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 purchasing an additional 4,083,758 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Alphabet by 5.6% during the second quarter. Deutsche Bank AG now owns 17,313,729 shares of the information services provider’s stock worth $6,117,460,000 after purchasing an additional 913,666 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Scotiabank reaffirmed a “sector outperform” rating and issued a $375.00 target price (down from $450.00) on shares of Alphabet in a research report on Thursday, October 29th. Citigroup downgraded Alphabet from a “market outperform” rating to a “market perform” rating in a report on Thursday, October 29th. Morgan Stanley reissued an “overweight” rating and set a $375.00 price target on shares of Alphabet in a research report on Thursday, October 29th. Royal Bank Of Canada restated a “buy” rating and issued a $475.00 price target on shares of Alphabet in a report on Thursday, July 23rd. Finally, Needham & Company LLC restated a “buy” rating on shares of Alphabet in a report on Tuesday, October 27th. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $413.38.

Alphabet Stock Performance

Shares of GOOG stock opened at $278.27 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69. The company’s fifty day moving average price is $333.13 and its two-hundred day moving average price is $337.67. The firm has a market capitalization of $3.40 trillion, a P/E ratio of 14.52, a P/E/G ratio of 0.84 and a beta of 1.21. Alphabet Inc. has a 12 month low of $271.41 and a 12 month high of $404.47.

Alphabet (NASDAQ:GOOG) last announced 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). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.97 billion. During the same quarter in the prior year, the business earned $2.87 earnings per share. The firm’s revenue was up 24.7% on a year-over-year basis. On average, research analysts anticipate that Alphabet Inc. will post 19.80 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 7th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio is currently 4.59%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to about $30.7 billion, and the company has a substantial backlog. A report that OpenAI is interested in buying Google’s AI chips could also help Alphabet monetize its infrastructure investment. OpenAI Wants to Buy Google AI Chips
• Positive Sentiment: Alphabet is reportedly in preliminary discussions related to the U.S. Defense Department’s Golden Dome initiative. A contract could diversify revenue and help generate returns on its AI infrastructure, though no agreement is confirmed. Alphabet’s Golden Dome Talks Could Open a New Market
• Neutral Sentiment: Google says it will make AI tools opt-in for K–12 accounts, but the changes have drawn political criticism after reports that schools restricting AI could also lose Search by default. The controversy may create reputational risk, while the effect on revenue is unclear. Google responds to political backlash over removing search from schools
• Negative Sentiment: The latest quarter’s $2.12 per-share earnings missed analyst expectations, while aggressive AI investment pushed free cash flow into negative territory. Investors are also weighing expectations for higher capital spending, which could pressure cash flow further before the investments pay off. Alphabet’s Free Cash Flow Just Turned Negative
• Negative Sentiment: Several law firms publicized an existing securities class action concerning alleged disclosures about Gemini 3.5 Pro’s training results. The announcements add legal and headline risk, but are not findings of wrongdoing. Alphabet securities class action deadline notice

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 83 shares of the firm’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 sale, the director owned 19,076 shares in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 247 shares of company stock worth $79,238. 12.99% of the stock is owned by company insiders.

Alphabet Company 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.