Alphabet Inc. $GOOGL Shares Sold by Cortland Associates Inc. MO

Cortland Associates Inc. MO lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 57.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,862 shares of the information services provider’s stock after selling 112,774 shares during the quarter. Alphabet comprises approximately 2.4% of Cortland Associates Inc. MO’s portfolio, making the stock its 17th biggest position. Cortland Associates Inc. MO’s holdings in Alphabet were worth $20,387,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Financial Gravity Companies Inc. purchased a new position in Alphabet during the 2nd quarter worth $31,000. Corsicana & Co. acquired a new position in shares of Alphabet during the third quarter worth about $54,000. CarsonAllaria Wealth Management Ltd. raised its holdings in Alphabet by 36.4% during the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock worth $44,000 after purchasing an additional 67 shares in the last quarter. Vermillion & White Wealth Management Group LLC raised its holdings in Alphabet by 37.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock worth $57,000 after purchasing an additional 89 shares in the last quarter. Finally, S&T Bank PA lifted its position in Alphabet by 40.2% in the second quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock valued at $61,000 after purchasing an additional 99 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Down 2.4%

Shares of NASDAQ GOOGL opened at $322.00 on Wednesday. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $340.49. The company has a market capitalization of $3.89 trillion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. The firm’s 50-day moving average is $312.75 and its two-hundred day moving average is $257.45.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The business had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. Equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GOOGL has been the topic of several recent analyst reports. Piper Sandler reiterated an “overweight” rating and set a $365.00 target price (up previously from $330.00) on shares of Alphabet in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft upped their price objective on Alphabet from $340.00 to $370.00 and gave the stock a “buy” rating in a report on Tuesday. Arete Research raised their target price on Alphabet from $300.00 to $380.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Wedbush restated an “outperform” rating and set a $350.00 target price (up from $320.00) on shares of Alphabet in a research report on Friday, December 19th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $329.08.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts raised targets — Deutsche Bank boosted its price target to $370 and kept a buy rating, and Robert W. Baird raised its target to $350 with an outperform rating. These lifts signal continued analyst confidence and create upside support for the stock. Deutsche Bank Raises Target Baird Raises Target
• Positive Sentiment: Product/AI momentum — reports show a surge in sales of Google’s Gemini AI models, which supports revenue growth from higher-margin AI services and strengthens the company’s competitive AI positioning. Gemini Sales Surge
• Neutral Sentiment: Google-backed drug discovery timeline pushed — Isomorphic Labs now expects first clinical trials by end‑2026. This delays any near-term biotech upside tied to Alphabet’s life‑sciences investments but has limited impact on core ad/cloud businesses. Isomorphic Labs Delay
• Neutral Sentiment: Product development coverage — media pieces on Google’s new AI‑powered smart glasses and long-term cloud/AI revenue narratives reiterate growth potential but are not immediate catalysts. AI Smart Glasses Coverage
• Negative Sentiment: Sector risk-off pressured shares — escalating geopolitical/tariff rhetoric (Greenland tensions) triggered a tech-led sell-off that weighed on Alphabet along with peers; market positioning and broader risk sentiment are the main short-term drivers of the decline. Tech Sell-off / Greenland Tensions
• Negative Sentiment: Price action noted by market coverage — headlines point out Alphabet fell more than the broader market today, reflecting both the sector pullback and profit‑taking after recent gains. That media focus can amplify short‑term selling pressure. Zacks: Why GOOGL Fell

Insiders Place Their Bets

In other news, insider John Kent Walker sold 17,829 shares of the business’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $314.89, for a total value of $5,614,173.81. Following the completion of the transaction, the insider directly owned 42,972 shares of the company’s stock, valued at $13,531,453.08. The trade was a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $312.30, for a total value of $867,569.40. Following the sale, the chief accounting officer directly owned 8,962 shares in the company, valued at approximately $2,798,832.60. The trade was a 23.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 189,909 shares of company stock valued at $57,927,282. Corporate insiders own 11.55% of the company’s stock.

Alphabet Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.