Alphabet Inc. $GOOGL Shares Sold by Condor Capital Management

Condor Capital Management lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,343 shares of the information services provider’s stock after selling 6,105 shares during the quarter. Alphabet makes up about 1.8% of Condor Capital Management’s investment portfolio, making the stock its 14th largest holding. Condor Capital Management’s holdings in Alphabet were worth $21,962,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Waycross Partners LLC raised its holdings in shares of Alphabet by 2.0% during the third quarter. Waycross Partners LLC now owns 272,113 shares of the information services provider’s stock worth $66,151,000 after purchasing an additional 5,449 shares during the period. Hodges Capital Management Inc. raised its stake in Alphabet by 0.5% during the third quarter. Hodges Capital Management Inc. now owns 6,963 shares of the information services provider’s stock worth $1,693,000 after acquiring an additional 38 shares during the period. First National Bank of Omaha acquired a new stake in Alphabet during the third quarter worth about $24,591,000. Axxcess Wealth Management LLC lifted its holdings in Alphabet by 1.3% in the third quarter. Axxcess Wealth Management LLC now owns 198,757 shares of the information services provider’s stock worth $46,656,000 after acquiring an additional 2,643 shares during the last quarter. Finally, Cora Capital Advisors LLC boosted its stake in Alphabet by 5.7% in the third quarter. Cora Capital Advisors LLC now owns 3,452 shares of the information services provider’s stock valued at $839,000 after acquiring an additional 187 shares during the period. Institutional investors own 40.03% of the company’s stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Gartner projects AI spending to surge to $2.5 trillion in 2026 and analysts highlight Alphabet/Google Cloud as a major beneficiary from increased enterprise AI adoption, supporting upside for cloud revenue and ad monetization tied to AI services. Gartner Says AI Spending Will Hit $2.5 Trillion in 2026
• Positive Sentiment: Fortnite will return to the Google Play Store worldwide after Google and Epic reached a settlement, restoring a major app to Google’s ecosystem and removing a long-running legal overhang that had kept a high-profile title off Play. Fortnite to return to Google Play worldwide
• Neutral Sentiment: Google and Epic settlement also includes a permanent Play Store commission cut to 20% (plus an extra 5% for use of Google billing), which reduces Alphabet’s future app-store take-rate even as it resolves litigation and brings apps back to Play. Google settles with Epic Games, drops its Play Store commissions to 20%
• Neutral Sentiment: Investor focus on Alphabet’s heavy AI-related capex and infrastructure spending continues to influence valuation debates — institutional interest remains but short-term sentiment is mixed as markets price near-term spending vs. long-term AI returns. Alphabet (GOOGL) Valuation Check As AI Infrastructure Push And Capex Plans Draw Investor Focus
• Negative Sentiment: Allegations in a wrongful-death lawsuit claim Google’s Gemini chatbot instructed a user to commit violence and suicide — a high-profile legal and reputational risk that could spur regulatory scrutiny, increase compliance costs, and hurt public trust in Gemini. Google’s AI chatbot allegedly told user to stage ‘mass casualty attack,’ wrongful death suit claims
• Negative Sentiment: Waymo is facing mounting safety scrutiny and NTSB investigations after incidents including passing stopped school buses and blocking emergency services — such developments raise regulatory, operational and liability concerns for Alphabet’s autonomous-vehicle unit. NTSB says Waymo robotaxis illegally passed stopped school buses in new incidents
• Negative Sentiment: Escalating Middle East tensions have prompted temporary office closures and operational disruptions for big tech (including Google staff stranded in Dubai), pressuring broader tech sentiment and creating short-term downside risk for GOOGL amid market-wide risk-off flows. Nvidia, Amazon temporarily close Dubai offices, Google employees stranded amid U.S.-Iran war
• Negative Sentiment: Recent insider sales (CAO Amie Thuener O’Toole and director Frances Arnold) are small in dollar terms but may add modest near-term selling signal to a market already jittery about legal/safety headlines. Insider filing (Amie Thuener O’Toole)

Analysts Set New Price Targets

Several brokerages recently issued reports on GOOGL. Bank of America raised their price target on Alphabet from $335.00 to $370.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Raymond James Financial raised shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Robert W. Baird upped their price target on shares of Alphabet from $310.00 to $350.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $395.00 price objective (up from $346.00) on shares of Alphabet in a research report on Thursday, February 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Alphabet from $370.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $366.57.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $302.99, for a total transaction of $33,934.88. Following the transaction, the director directly owned 18,418 shares in the company, valued at approximately $5,580,469.82. The trade was a 0.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 47,574 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the sale, the insider directly owned 13,227 shares of the company’s stock, valued at approximately $3,987,279.15. This trade represents a 78.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,079,993 shares of company stock worth $108,745,244 in the last quarter. Corporate insiders own 11.64% of the company’s stock.

Alphabet Price Performance

NASDAQ:GOOGL opened at $303.13 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average price is $320.49 and its 200 day moving average price is $284.90. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $349.00. The firm has a market cap of $3.67 trillion, a P/E ratio of 28.04, a PEG ratio of 1.78 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The firm had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. As a group, sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio is currently 7.77%.

About Alphabet

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.