15,616 Alphabet Inc. $GOOG Shares Sold by Philadelphia Trust Co.

Philadelphia Trust Co. reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 30.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,035 shares of the information services provider’s stock after selling 15,616 shares during the period. Philadelphia Trust Co.’s holdings in Alphabet were worth $11,938,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GOOG. Morton Brown Family Wealth LLC increased its position in Alphabet by 135.5% during the third quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider’s stock worth $25,000 after purchasing an additional 42 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new position in Alphabet during the second quarter worth approximately $29,000. Livelsberger Financial Advisory purchased a new position in Alphabet during the third quarter worth approximately $37,000. Toth Financial Advisory Corp purchased a new position in Alphabet during the second quarter worth approximately $41,000. Finally, Timbuktu Capital Management LLC acquired a new position in shares of Alphabet in the 2nd quarter valued at $46,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

More Alphabet News

These are some of the GOOG news items that stood out recently:

• Positive Sentiment: Google unveiled two new Tensor Processing Units aimed at agentic AI and confidential enterprise computing. The chips broaden Alphabet’s in-house hardware offering and could reduce reliance on outside processors. Article: Alphabet Edged Higher After Revealing New TPUs
• Positive Sentiment: Alphabet introduced AlphaGenome 2, an AI model reported to identify nearly twice as many disease-linked DNA changes, adding to its AI research and life-sciences applications. Article: Google’s New AI Model Can Identify Nearly Twice as Many DNA Changes Linked to Disease
• Negative Sentiment: Despite the new TPU announcements, one report flags cash flow as a larger challenge for GOOG, highlighting investor concern about the cost of funding AI infrastructure and expansion. Article: Alphabet Edged Higher After Revealing New TPUs

Alphabet Trading Up 2.0%

NASDAQ GOOG opened at $290.63 on Thursday. Alphabet Inc. has a one year low of $271.41 and a one year high of $404.47. The company’s 50 day moving average price is $326.81 and its 200 day moving average price is $336.38. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. The firm has a market capitalization of $3.57 trillion, a price-to-earnings ratio of 15.17, a PEG ratio of 0.86 and a beta of 1.21.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, October 29th. 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 for the quarter, compared to analyst estimates of $127.97 billion. During the same period last year, the firm earned $2.87 earnings per share. The company’s quarterly revenue was up 24.7% on a year-over-year basis. On average, sell-side analysts predict that Alphabet Inc. will post 19.74 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced 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. The ex-dividend date is Monday, December 7th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet’s payout ratio is presently 4.59%.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the transaction, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 247 shares of company stock worth $79,238. Insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

GOOG has been the subject of several research reports. Bank of America reissued a “buy” rating on shares of Alphabet in a research note on Thursday, October 29th. Tigress Financial upped their price objective on Alphabet from $415.00 to $485.00 and gave the stock a “strong-buy” rating in a report on Friday, September 18th. Susquehanna reaffirmed a “positive” rating and issued a $400.00 target price on shares of Alphabet in a research report on Thursday, October 29th. The Goldman Sachs Group cut their target price on Alphabet from $440.00 to $435.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Finally, Citic Securities lifted their target price on Alphabet from $430.00 to $434.00 and gave the company a “buy” rating in a report on Monday, July 27th. Six analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target of $413.38.

Alphabet Profile

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer. Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.