Alphabet Inc. $GOOGL Stock: Thurston Springer Miller Herd & Titak Inc. Reduces Stake

Thurston Springer Miller Herd & Titak Inc. trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 79.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,401 shares of the information services provider’s stock after selling 5,489 shares during the quarter. Alphabet comprises 0.8% of Thurston Springer Miller Herd & Titak Inc.’s holdings, making the stock its 20th biggest position. Thurston Springer Miller Herd & Titak Inc.’s holdings in Alphabet were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Alphabet by 5.6% during the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock valued at $85,403,303,000 after acquiring an additional 12,718,127 shares during the period. Invesco Ltd. lifted its position in Alphabet by 0.5% in the fourth quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider’s stock worth $14,208,470,000 after purchasing an additional 208,362 shares during the period. Amundi lifted its position in Alphabet by 4.6% in the second quarter. Amundi now owns 33,203,350 shares of the information services provider’s stock worth $11,865,809,000 after purchasing an additional 1,457,371 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Alphabet by 10.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider’s stock worth $6,334,186,000 after purchasing an additional 1,631,721 shares during the period. Finally, Swiss National Bank boosted its stake in Alphabet by 7.1% during the 1st quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider’s stock valued at $4,911,467,000 after purchasing an additional 1,139,400 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google launched Gemini 4 Argon, a new frontier AI model for developers, businesses and paid users. The model includes expanded coding and knowledge-work capabilities, potentially strengthening Alphabet’s competitive position and supporting future Cloud and subscription revenue. Google launches flagship AI model Gemini 4 Argon for developers and businesses
• Positive Sentiment: UBS raised its Alphabet price target, while BNP Paribas reportedly lifted its target to $450 based partly on the outlook for Alphabet’s in-house Tensor Processing Units. Analysts see potential for the chip business to become a significant revenue opportunity. Alphabet target bumped to $450 at BNP Paribas on TPU outlook
• Positive Sentiment: American Electric Power plans to invest approximately $4 billion in Wyoming fuel-cell generation to serve Google’s growing electricity demand. The project supports Alphabet’s expanding data-center and AI infrastructure capacity, although it also highlights the significant cost of scaling AI. American Electric Power to invest $4 billion fuel-cell project to power Google
• Neutral Sentiment: Alphabet’s Google DeepMind and Google Cloud will give European researchers access to frontier AI models, potentially improving research adoption and ecosystem influence. Meanwhile, the European Commission said it remains in dialogue with Google, leaving regulatory implications unclear.
• Negative Sentiment: Multiple law firms publicized a securities class action covering investors who purchased Alphabet shares between May 19 and July 16, 2026. The lawsuit alleges Alphabet misrepresented delays and training problems involving the Gemini 3.5 Pro launch after a subsequent stock decline. The repeated notices increase headline, litigation and reputational risk, although they do not represent new findings of liability. Alphabet AI issues and subsequent stock drop trigger securities-fraud class action
• Negative Sentiment: Investor commentary also flagged heavy AI capital spending and the gap between operating cash flow and free cash flow, reinforcing concerns that data-center expansion could pressure near-term cash generation despite strong reported earnings.

Wall Street Analyst Weigh In

GOOGL has been the topic of several research analyst reports. Wall Street Zen cut Alphabet from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Roth Capital reissued a “buy” rating and issued a $440.00 price objective (up from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Royal Bank Of Canada restated an “outperform” rating and issued a $425.00 price objective on shares of Alphabet in a report on Thursday, July 23rd. BMO Capital Markets set a $465.00 price objective on Alphabet and gave the company an “outperform” rating in a report on Thursday, July 23rd. Finally, Truist Financial set a $420.00 target price on 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-six have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $425.74.

Insider Activity

In other news, Director Frances Arnold sold 83 shares of the firm’s 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 of the company’s stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 441,399 shares of company stock worth $8,677,053. Insiders own 11.61% of the company’s stock.

Alphabet Stock Down 1.7%

GOOGL stock opened at $347.64 on Thursday. Alphabet Inc. has a 12 month low of $244.15 and a 12 month high of $408.61. The firm has a market cap of $4.25 trillion, a PE ratio of 17.46, a P/E/G ratio of 1.02 and a beta of 1.21. The firm has a 50 day simple moving average of $344.71 and a 200 day simple moving average of $350.87. 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 (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $6.22. The firm had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Equities research analysts forecast that Alphabet Inc. will post 20.54 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet’s dividend payout ratio is 4.42%.

Alphabet Company Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.