Investment Partners LTD. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 74.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,132 shares of the information services provider’s stock after buying an additional 6,023 shares during the quarter. Investment Partners LTD.’s holdings in Alphabet were worth $4,815,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in GOOG. Morton Brown Family Wealth LLC grew its position in Alphabet by 135.5% during the 3rd quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider’s stock worth $25,000 after purchasing an additional 42 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in Alphabet during the second quarter worth $29,000. Livelsberger Financial Advisory acquired a new stake in Alphabet during the third quarter valued at $37,000. Toth Financial Advisory Corp purchased a new position in Alphabet in the second quarter valued at $41,000. Finally, Timbuktu Capital Management LLC purchased a new position in shares of Alphabet in the 2nd quarter valued at about $46,000. 27.26% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the transaction, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 247 shares of company stock valued at $79,238. Company insiders own 12.99% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently commented on GOOG. Scotiabank reissued a “sector outperform” rating and issued a $375.00 price target (down from $450.00) on shares of Alphabet in a report on Thursday, October 29th. Benchmark reaffirmed a “buy” rating on shares of Alphabet in a research note on Thursday, October 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet in a report on Monday, August 3rd. Royal Bank Of Canada reissued a “buy” rating and set a $475.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. Finally, TD Cowen restated a “buy” rating and issued a $460.00 target price (down from $485.00) on shares of Alphabet in a report on Thursday, October 29th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $413.38.
Get Our Latest Research Report on GOOG
Alphabet Trading Up 0.1%
GOOG opened at $278.27 on Wednesday. Alphabet Inc. has a 52 week low of $271.41 and a 52 week high of $404.47. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $333.13 and a 200-day simple moving average of $337.67. The firm has a market cap of $3.40 trillion, a P/E ratio of 14.52, a P/E/G ratio of 0.84 and a beta of 1.21.
Alphabet (NASDAQ:GOOG – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.89). The firm had revenue of $127.58 billion during the quarter, compared to analysts’ expectations of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. Alphabet’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.87 EPS. On average, equities analysts expect that Alphabet Inc. will post 19.80 earnings per share for the current year.
Alphabet Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet’s dividend payout ratio (DPR) is presently 4.59%.
Alphabet News Summary
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google Cloud revenue more than doubled year over year to about $30.7 billion, and the company has a substantial backlog. A report that OpenAI is interested in buying Google’s AI chips could also help Alphabet monetize its infrastructure investment. OpenAI Wants to Buy Google AI Chips
- Positive Sentiment: Alphabet is reportedly in preliminary discussions related to the U.S. Defense Department’s Golden Dome initiative. A contract could diversify revenue and help generate returns on its AI infrastructure, though no agreement is confirmed. Alphabet’s Golden Dome Talks Could Open a New Market
- Neutral Sentiment: Google says it will make AI tools opt-in for K–12 accounts, but the changes have drawn political criticism after reports that schools restricting AI could also lose Search by default. The controversy may create reputational risk, while the effect on revenue is unclear. Google responds to political backlash over removing search from schools
- Negative Sentiment: The latest quarter’s $2.12 per-share earnings missed analyst expectations, while aggressive AI investment pushed free cash flow into negative territory. Investors are also weighing expectations for higher capital spending, which could pressure cash flow further before the investments pay off. Alphabet’s Free Cash Flow Just Turned Negative
- Negative Sentiment: Several law firms publicized an existing securities class action concerning alleged disclosures about Gemini 3.5 Pro’s training results. The announcements add legal and headline risk, but are not findings of wrongdoing. Alphabet securities class action deadline notice
Alphabet Profile
Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.
Google’s principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.
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