Alphabet Inc. $GOOG Stock: Confluence Wealth Services Inc. Trims Holdings

Confluence Wealth Services Inc. trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 5.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,599 shares of the information services provider’s stock after selling 1,998 shares during the period. Confluence Wealth Services Inc.’s holdings in Alphabet were worth $11,108,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in GOOG. Moneco Advisors LLC raised its stake in shares of Alphabet by 1.5% during the 3rd quarter. Moneco Advisors LLC now owns 28,584 shares of the information services provider’s stock worth $9,740,000 after purchasing an additional 425 shares during the period. Cornerstone Wealth Management LLC boosted its stake in Alphabet by 8.1% in the third quarter. Cornerstone Wealth Management LLC now owns 35,143 shares of the information services provider’s stock valued at $11,974,000 after acquiring an additional 2,637 shares during the last quarter. MKP Capital Management L.L.C. bought a new position in shares of Alphabet during the 3rd quarter valued at approximately $62,015,000. Triton Wealth Management PLLC grew its position in shares of Alphabet by 13.8% during the 3rd quarter. Triton Wealth Management PLLC now owns 12,836 shares of the information services provider’s stock valued at $4,374,000 after acquiring an additional 1,559 shares during the period. Finally, Csenge Advisory Group grew its position in shares of Alphabet by 2.6% during the 3rd quarter. Csenge Advisory Group now owns 13,926 shares of the information services provider’s stock valued at $4,745,000 after acquiring an additional 348 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction on 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 directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 247 shares of company stock valued at $79,238 in the last three months. 12.99% of the stock is currently owned by insiders.

More Alphabet News

Here’s some of the latest news about GOOG:

• Positive Sentiment: Google unveiled two new Tensor Processing Units aimed at agentic AI and confidential enterprise computing. The chips broaden Alphabet’s in-house hardware offering and could reduce reliance on outside processors. Article: Alphabet Edged Higher After Revealing New TPUs
• Positive Sentiment: Alphabet introduced AlphaGenome 2, an AI model reported to identify nearly twice as many disease-linked DNA changes, adding to its AI research and life-sciences applications. Article: Google’s New AI Model Can Identify Nearly Twice as Many DNA Changes Linked to Disease
• Neutral Sentiment: Alphabet is exploring up to $3 billion in its first Hong Kong- and Singapore-dollar bond offerings. The financing could diversify funding sources, though it adds debt obligations. Article: Alphabet explores first Hong Kong and Singapore dollar bond sales

Alphabet Stock Performance

Shares of GOOG stock opened at $290.63 on Thursday. The stock has a market capitalization of $3.57 trillion, a P/E ratio of 15.17, a PEG ratio of 0.86 and a beta of 1.21. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $326.81 and its 200 day moving average is $336.38. Alphabet Inc. has a 12 month low of $271.41 and a 12 month high of $404.47.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.89). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business had revenue of $127.58 billion during the quarter, compared to analysts’ expectations of $127.97 billion. During the same quarter in the prior year, the firm posted $2.87 earnings per share. The firm’s quarterly revenue was up 24.7% on a year-over-year basis. On average, sell-side analysts anticipate that Alphabet Inc. will post 19.74 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 7th. Alphabet’s dividend payout ratio (DPR) is presently 4.59%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. DA Davidson lowered their price target on shares of Alphabet from $375.00 to $350.00 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Citic Securities upped their price objective on Alphabet from $430.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Royal Bank Of Canada reissued a “buy” rating and set a $475.00 price objective on shares of Alphabet in a report on Thursday, July 23rd. Moffett Nathanson decreased their target price on Alphabet from $380.00 to $370.00 and set a “buy” rating for the company in a research report on Wednesday, September 16th. Finally, TD Cowen restated a “buy” rating and issued a $460.00 target price (down from $485.00) on shares of Alphabet in a research note on Thursday, October 29th. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $413.38.

Alphabet Company Profile

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer. Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.