Alphabet Inc. $GOOG Stock Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,428,270 shares of the information services provider’s stock after selling 212,747 shares during the quarter. Alphabet makes up 2.2% of Sumitomo Mitsui Trust Group Inc.’s investment portfolio, making the stock its 6th largest position. Sumitomo Mitsui Trust Group Inc.’s holdings in Alphabet were worth $3,894,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Denali Advisors LLC increased its stake in shares of Alphabet by 14.8% in the 2nd quarter. Denali Advisors LLC now owns 105,988 shares of the information services provider’s stock worth $37,449,000 after acquiring an additional 13,700 shares in the last quarter. Heck Capital Advisors LLC increased its position in Alphabet by 298.2% during the 2nd quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider’s stock valued at $7,854,000 after buying an additional 16,647 shares in the last quarter. Montchanin Asset Management LLC bought a new position in shares of Alphabet during the first quarter valued at $7,075,000. NBT Bank N.A. purchased a new stake in Alphabet during the 3rd quarter valued at about $47,537,000. Finally, Sax Wealth Advisors LLC grew its position in Alphabet by 13.3% during the 2nd quarter. Sax Wealth Advisors LLC now owns 30,489 shares of the information services provider’s stock valued at $10,773,000 after purchasing an additional 3,575 shares during the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about 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

Alphabet Trading Up 0.1%

Shares of Alphabet stock opened at $278.27 on Wednesday. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. Alphabet Inc. has a twelve month low of $271.41 and a twelve month high of $404.47. The business has a 50-day moving average price of $333.13 and a 200-day moving average price of $337.67. The firm has a market cap of $3.40 trillion, a price-to-earnings ratio of 14.52, a PEG ratio of 0.84 and a beta of 1.21.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $127.97 billion. During the same period last year, the business posted $2.87 earnings per share. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. Equities research analysts anticipate that Alphabet Inc. will post 19.80 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company 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 dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet’s dividend payout ratio is presently 4.59%.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction 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 directly owned 19,076 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 247 shares of company stock valued at $79,238 in the last 90 days. Company insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GOOG. Roth Capital lifted their target price on shares of Alphabet from $435.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. TD Cowen reissued a “buy” rating and issued a $460.00 target price (down from $485.00) on shares of Alphabet in a report on Thursday, October 29th. Guggenheim restated a “buy” rating and issued a $450.00 price target on shares of Alphabet in a research note on Thursday, October 29th. The Goldman Sachs Group dropped their price target on shares of Alphabet from $440.00 to $435.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet in a research note on Monday, August 3rd. Six analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $413.38.

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.