Alphabet Inc. $GOOG Stock: Courier Capital LLC Lowers Position

by · The Cerbat Gem

Courier Capital LLC decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 95.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,720 shares of the information services provider’s stock after selling 64,221 shares during the quarter. Courier Capital LLC’s holdings in Alphabet were worth $927,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Castlekeep Investment Advisors LLC purchased a new stake in shares of Alphabet during the 2nd quarter valued at $29,000. Lifetime Wealth Management P.C. acquired a new position in Alphabet in the fourth quarter valued at $38,000. Bard Associates Inc. acquired a new position in Alphabet in the fourth quarter valued at $41,000. Timbuktu Capital Management LLC purchased a new stake in Alphabet during the second quarter valued at about $46,000. Finally, Robinswood Financial LLC acquired a new stake in Alphabet during the first quarter worth about $57,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Up 0.2%

GOOG traded up $0.55 on Tuesday, reaching $349.52. The company’s stock had a trading volume of 14,406,512 shares, compared to its average volume of 20,307,688. The stock has a market cap of $4.27 trillion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.01 and a beta of 1.19. Alphabet Inc. has a 1 year low of $241.18 and a 1 year high of $404.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The business’s 50 day moving average is $342.49 and its 200 day moving average is $347.52.

Alphabet (NASDAQ:GOOG – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The firm had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. During the same quarter last year, the firm earned $2.31 EPS. Alphabet’s quarterly revenue was up 24.2% on a year-over-year basis. As a group, research analysts forecast that Alphabet Inc. will post 20.54 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Insider Transactions at Alphabet

In related news, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares of the company’s stock, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frances Arnold sold 83 shares of the 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 $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 441,399 shares of company stock valued at $8,677,053. 12.99% of the stock is currently owned by corporate insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

  • Positive Sentiment: Google launched Gemini 4 Argon for developers, businesses and paying users, highlighting capabilities in coding, finance and legal work. The release may reassure investors that Alphabet is keeping pace in the competitive frontier-AI market. Reuters article on Gemini 4 Argon
  • Positive Sentiment: An analyst said Alphabet’s internally developed AI chips could create as much as $100 billion in value by 2028, adding to the investment case as investors assess AI infrastructure spending and Google Cloud growth. Benzinga article on Alphabet AI chips
  • Positive Sentiment: Alphabet and Unity announced Unity Spark, an AI-powered platform intended to let users create games through natural-language prompts. The initiative could expand Alphabet’s AI ecosystem and reach millions of nontechnical creators. Yahoo Finance article on Unity Spark
  • Positive Sentiment: BNP Paribas raised its price target on Alphabet, reflecting continued optimism about cloud expansion, AI monetization and the company’s long-term earnings outlook. TipRanks article on Alphabet price target
  • Neutral Sentiment: Google Play now supports private, AI-generated Android applications, while a new Fitbit product and health-related partnerships broaden Alphabet’s consumer ecosystem. These initiatives are strategically positive but are unlikely to materially affect near-term earnings. TechCrunch article on private Google Play apps
  • Negative Sentiment: Several law firms publicized a securities-fraud class action against Alphabet concerning alleged misrepresentations about the development schedule and training setbacks for Gemini 3.5 Pro. The lead-plaintiff deadline is generally December 1, 2026. The announcements repeat allegations and do not establish wrongdoing, but they could weigh on sentiment and create potential legal costs. PR Newswire article on Alphabet securities lawsuit

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research reports. DA Davidson decreased their target price on Alphabet from $375.00 to $350.00 and set a “neutral” rating for the company in a report on Thursday, July 23rd. Moffett Nathanson reduced their price target on shares of Alphabet from $380.00 to $370.00 and set a “buy” rating on the stock in a research report on Wednesday, September 16th. DZ Bank upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Phillip Securities raised shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating and cut their target price for the company from $450.00 to $425.00 in a research note on Monday, July 27th. Finally, Pivotal Research lifted their target price on shares of Alphabet from $470.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Alphabet currently has an average rating of “Buy” and an average price target of $421.95.

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About Alphabet

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Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet’s chief executive officer and also leads Google.

Google is Alphabet’s primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

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