Cortland Associates Inc. MO Lowers Stock Holdings in Alphabet Inc. $GOOGL

Cortland Associates Inc. MO lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 57.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 83,862 shares of the information services provider’s stock after selling 112,774 shares during the quarter. Alphabet makes up about 2.4% of Cortland Associates Inc. MO’s investment portfolio, making the stock its 17th biggest position. Cortland Associates Inc. MO’s holdings in Alphabet were worth $20,387,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its position in Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after purchasing an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after acquiring an additional 506 shares in the last quarter. My Legacy Advisors LLC raised its stake in shares of Alphabet by 6.2% in the 2nd quarter. My Legacy Advisors LLC now owns 22,216 shares of the information services provider’s stock valued at $3,946,000 after acquiring an additional 1,304 shares during the period. Wright Investors Service Inc. lifted its holdings in shares of Alphabet by 37.4% during the 2nd quarter. Wright Investors Service Inc. now owns 41,318 shares of the information services provider’s stock valued at $7,281,000 after acquiring an additional 11,243 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. lifted its holdings in shares of Alphabet by 2.6% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 32,690 shares of the information services provider’s stock valued at $5,761,000 after acquiring an additional 840 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $322.00 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $340.49. The company has a fifty day moving average price of $312.75 and a two-hundred day moving average price of $257.45. The company has a market cap of $3.89 trillion, a PE ratio of 31.76, a P/E/G ratio of 1.82 and a beta of 1.08.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) 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 company had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $312.30, for a total transaction of $867,569.40. Following the completion of the transaction, the chief accounting officer owned 8,962 shares in the company, valued at $2,798,832.60. The trade was a 23.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 17,829 shares of the 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 sale, the insider directly owned 42,972 shares in the company, valued at $13,531,453.08. This represents a 29.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 189,909 shares of company stock valued at $57,927,282 over the last quarter. Insiders own 11.55% of the company’s stock.

Alphabet News Roundup

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

Wall Street Analyst Weigh In

Several research firms have commented on GOOGL. Rosenblatt Securities raised their price objective on Alphabet from $224.00 to $279.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Stifel Nicolaus set a $333.00 price objective on shares of Alphabet in a report on Thursday, October 30th. KeyCorp restated an “overweight” rating and set a $300.00 target price (up from $265.00) on shares of Alphabet in a research note on Monday, October 27th. CICC Research lifted their target price on Alphabet from $240.00 to $303.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, China Renaissance boosted their price target on Alphabet from $207.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Three investment analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $329.08.

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.