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Andrew Hill Investment Advisors Inc. cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 58.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,283 shares of the information services provider's stock after selling 10,111 shares during the period. Alphabet makes up approximately 2.0% of Andrew Hill Investment Advisors Inc.'s holdings, making the stock its 17th biggest position. Andrew Hill Investment Advisors Inc.'s holdings in Alphabet were worth $2,506,000 as of its most recent SEC filing.

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Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EMC Capital Management acquired a new stake in Alphabet during the 2nd quarter worth about $35,000. Core Capital Management & Research inc. purchased a new stake in Alphabet during the second quarter valued at about $41,000. Intelligent Financial Strategies purchased a new stake in Alphabet during the third quarter valued at about $41,000. Premier Financial Group acquired a new position in shares of Alphabet in the second quarter worth about $45,000. Finally, Van Den Berg Management I Inc. boosted its holdings in shares of Alphabet by 319.6% in the first quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider's stock worth $61,000 after buying an additional 163 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other Alphabet news, 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 sale, the director owned 19,076 shares of the company's stock, valued at $6,494,424.20. This represents a 0.43% 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. 11.61% of the stock is owned by insiders.

Key Alphabet News

• Alphabet’s Cloud Is Paying Off—But the Bill for Building It Keeps Growing

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered exceptional growth. Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results indicate strong demand for Alphabet’s AI infrastructure and cloud services. Alphabet’s Cloud Business Just Doubled
• Positive Sentiment: Alphabet’s AI ecosystem is gaining commercial traction. OpenAI reportedly plans to use Google’s custom TPU chips, and search query growth reached its strongest year-over-year pace in five years. These developments could support longer-term cloud, chip and AI revenue opportunities.
• Positive Sentiment: Some analysts remain constructive despite reducing targets. Guggenheim and Needham reaffirmed “buy” ratings, while RBC, Wedbush, KeyCorp, Susquehanna and Truist retained positive or outperform-equivalent ratings.
• Neutral Sentiment: Analyst expectations were reset lower. Multiple firms cut price targets, including RBC to $400, Wedbush to $387 and DA Davidson to $300, although most remained positive or neutral rather than bearish.
• Neutral Sentiment: Alphabet faces several securities class-action notices concerning alleged disclosures about the development of its Gemini AI models. The lawsuits and lead-plaintiff deadlines add reputational and legal uncertainty, but their immediate financial impact is unclear.
• Negative Sentiment: Alphabet missed Wall Street’s quarterly expectations. Adjusted earnings were $2.12 per share versus roughly $3.02 expected, while revenue of $127.6 billion was slightly below forecasts. Search and other revenue grew 12% but missed estimates for a second consecutive quarter, and YouTube advertising revenue also fell short.
• Negative Sentiment: AI spending is pressuring cash generation. Alphabet reported approximately $9.1 billion of negative free cash flow as capital expenditures for data centers and AI capacity exceeded operating cash flow. Investors are questioning whether the spending will generate adequate returns and whether it could constrain buybacks or dividends. Alphabet earnings miss reflects first real sign that AI is taking a bite out of search
• Negative Sentiment: AI-powered search appears less profitable than traditional search, raising concerns that AI could disrupt Alphabet’s core advertising engine even as it increases user engagement.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment and an EU antitrust fine further reduced reported earnings, amplifying the quarter’s bottom-line miss.

Analyst Upgrades and Downgrades

GOOGL has been the topic of several analyst reports. Royal Bank Of Canada dropped their target price on shares of Alphabet from $425.00 to $400.00 and set an "outperform" rating on the stock in a research report on Thursday. Needham & Company LLC restated a "buy" rating and issued a $450.00 price target on shares of Alphabet in a research report on Thursday. Truist Financial decreased their price objective on shares of Alphabet from $420.00 to $410.00 and set a "buy" rating for the company in a research note on Thursday. Wedbush lowered their price objective on shares of Alphabet from $445.00 to $387.00 and set an "outperform" rating on the stock in a research report on Thursday. Finally, DZ Bank raised shares of Alphabet to a "strong-buy" rating in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Alphabet presently has an average rating of "Buy" and a consensus target price of $412.82.

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Read Our Latest Stock Report on Alphabet

Alphabet Price Performance

GOOGL opened at $283.82 on Friday. The stock has a fifty day moving average price of $340.29 and a 200 day moving average price of $340.43. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 1 year low of $270.70 and a 1 year high of $408.61. The stock has a market cap of $3.47 trillion, a price-to-earnings ratio of 14.81, a PEG ratio of 0.94 and a beta of 1.21.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued 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 $3.02 by ($0.90). The firm had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.96 billion. Alphabet had a return on equity of 46.63% and a net margin of 50.03%. Analysts forecast that Alphabet Inc. will post 20.60 EPS for the current fiscal year.

Alphabet Profile

(Free Report)

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.

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