2,137 Alphabet Inc. $GOOG Shares Sold by Mill Capital Management LLC

Mill Capital Management LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 321,965 shares of the information services provider’s stock after selling 2,137 shares during the period. Alphabet accounts for about 7.2% of Mill Capital Management LLC’s portfolio, making the stock its 3rd biggest position. Mill Capital Management LLC’s holdings in Alphabet were worth $109,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Providence Wealth Advisors LLC grew its holdings in shares of Alphabet by 0.3% during the 1st quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider’s stock worth $3,094,000 after purchasing an additional 29 shares in the last quarter. One Charles Private Wealth Services LLC raised its stake in Alphabet by 0.6% in the first quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider’s stock valued at $1,390,000 after purchasing an additional 29 shares in the last quarter. Wisconsin Wealth Advisors LLC raised its stake in Alphabet by 1.3% in the second quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider’s stock valued at $785,000 after purchasing an additional 29 shares in the last quarter. Cypress Financial Planning LLC raised its stake in Alphabet by 1.3% in the third quarter. Cypress Financial Planning LLC now owns 2,198 shares of the information services provider’s stock valued at $749,000 after purchasing an additional 29 shares in the last quarter. Finally, Johnson Wealth Management LLC lifted its position in Alphabet by 1.7% during the second quarter. Johnson Wealth Management LLC now owns 1,842 shares of the information services provider’s stock worth $651,000 after purchasing an additional 30 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Down 12.3%

GOOG stock opened at $282.32 on Friday. The stock has a market capitalization of $3.45 trillion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. 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 12 month low of $271.41 and a 12 month high of $404.47. The firm has a 50-day moving average price of $336.93 and a 200-day moving average price of $338.53.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.89). The company had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 46.63%. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same period last year, the firm posted $2.87 earnings per share. As a group, equities research analysts anticipate that Alphabet Inc. will post 20.60 EPS for the current fiscal year.

Insider Buying and Selling

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 shares were sold at an average price of $340.45, for a total value of $28,257.35. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 12.99% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GOOG. Arete Research increased their price objective on shares of Alphabet from $425.00 to $450.00 in a research note on Monday, July 6th. Zacks Research cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Susquehanna reaffirmed a “positive” rating and set a $400.00 price target on shares of Alphabet in a report on Thursday. KeyCorp reiterated an “overweight” rating and set a $385.00 price target on shares of Alphabet in a research report on Thursday. Finally, Phillip Securities raised shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating and decreased their price objective for the company from $450.00 to $425.00 in a research note on Monday, July 27th. Six analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $414.72.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered exceptional growth. Revenue more than doubled year over year to approximately $30.7 billion, operating margins expanded to about 36%, and backlog reached $561 billion. These results support the long-term case that Cloud and AI infrastructure can become major earnings drivers. Alphabet’s Cloud Business Just Doubled
• Positive Sentiment: Alphabet’s custom AI-chip opportunity is expanding. New TPU 8t and 8i chips reportedly offer improved performance per dollar, while OpenAI is considering using Google TPUs and Alphabet is selling chips through third-party cloud providers. This could create a new revenue stream and reduce reliance on Nvidia. Alphabet’s $250 Billion AI Chip Opportunity
• Positive Sentiment: Some analysts remain bullish on the long-term outlook. JPMorgan maintained an “overweight” rating despite reducing its price target from $425 to $375, while other commentary characterized the selloff as a potential buying opportunity.
• Neutral Sentiment: Alphabet’s revenue rose approximately 25% year over year to $127.6 billion, and search queries continued to grow. However, the market is increasingly weighing growth quality and monetization rather than query volume alone.
• Neutral Sentiment: Alphabet launched Gemini 4 Carbon, expanded AI Search advertising internationally and introduced new crypto-security tools. These initiatives may broaden future revenue sources, but their near-term financial impact remains uncertain.
• Negative Sentiment: Third-quarter EPS missed expectations. Adjusted earnings were $2.12 per share versus consensus near $3.01, while revenue also fell slightly short. An approximately $8.7 billion investment loss, largely tied to Alphabet’s SpaceX stake, further reduced reported profit. Alphabet Q3 Earnings Report
• Negative Sentiment: Search and advertising trends raised AI-cannibalization concerns. Search revenue grew about 12% but missed estimates, while AI-mode searches may generate less revenue than traditional search. YouTube advertising revenue also came in below expectations.
• Negative Sentiment: AI spending is pressuring cash generation. Capital expenditures reached roughly $51.4 billion and free cash flow was negative by about $9.1 billion, prompting concerns about debt, financial obligations and the return on massive infrastructure investments.
• Negative Sentiment: Multiple law firms announced securities-fraud class actions or lead-plaintiff deadlines related to alleged disclosures about the Gemini 3.5 Pro development timeline. The lawsuits are an additional reputational and legal overhang, though their financial impact is uncertain. Alphabet Securities Class Action Notice

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.