In its latest quarterly report, Alphabet delivered earnings per share of $2.87, beating analyst consensus by $0.58. Revenue came in at $102.35 billion, topping estimates of $99.90 billion and marking a year-over-year increase of 11.3%. The company’s net margin reached 32.2%, while return on equity stood at 35.0%. YouTube ad revenue grew by 14% year-over-year, and Google Cloud revenue climbed 27%, underscoring continued strength in both core advertising and enterprise services.

Portfolio manager Canoe Financial LP reduced its stake in Alphabet by 11.5% during the third quarter, selling 152,500 shares. After the transaction, Canoe holds 1,176,314 shares, representing 4.1% of its overall assets and making Alphabet its second-largest position. The remaining stake was valued at $285.96 million at quarter end, reflecting the firm’s decision to reallocate capital following strong year-to-date gains in the stock.

Two senior insiders have recently disclosed significant share sales. John Kent Walker sold 17,829 shares for proceeds of $5.61 million, reducing his position by 29.3%. Chief Accounting Officer Amie Thuener O’Toole sold 2,778 shares for $0.87 million, a 23.7% reduction in her holdings. These transactions follow routine equity vesting but represent the largest insider sell-through in the last ninety days and may weigh on near-term market sentiment.

Following the quarterly beat, four research firms raised price targets on the stock, including Citizens JMP boosting its target to $385 and Canaccord Genuity raising theirs to $330. Overall, analysts maintain a consensus “Moderate Buy” rating, with an average target of $317.76. Upgrade activity has accelerated fund flows into the stock, while some analysts caution that near-term valuation at a forward P/E near 31x could limit upside unless growth accelerates further.