Alphabet Inc. $GOOGL Shares Acquired by Parkway Wealth Management Group LLC

Parkway Wealth Management Group LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 16.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,109 shares of the information services provider’s stock after buying an additional 2,377 shares during the period. Parkway Wealth Management Group LLC’s holdings in Alphabet were worth $5,887,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GOOGL. State Street Corp grew its stake in Alphabet by 5.6% during the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock worth $85,403,303,000 after buying an additional 12,718,127 shares during the last quarter. Amundi raised its stake in Alphabet by 4.6% in the second quarter. Amundi now owns 33,203,350 shares of the information services provider’s stock valued at $11,865,809,000 after buying an additional 1,457,371 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Alphabet by 10.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider’s stock valued at $6,334,186,000 after buying an additional 1,631,721 shares during the last quarter. Swiss National Bank boosted its holdings in Alphabet by 7.1% in the first quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider’s stock worth $4,911,467,000 after acquiring an additional 1,139,400 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Alphabet by 90.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider’s stock worth $4,900,078,000 after acquiring an additional 8,112,680 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Down 1.2%

Alphabet stock opened at $320.21 on Friday. The business’s 50-day simple moving average is $342.79 and its two-hundred day simple moving average is $352.81. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The company has a market cap of $3.92 trillion, a PE ratio of 16.08, a PEG ratio of 0.92 and a beta of 1.21. Alphabet Inc. has a fifty-two week low of $255.32 and a fifty-two week high of $408.61.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The firm had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $117.07 billion. Equities analysts anticipate that Alphabet Inc. will post 20.60 EPS for the current year.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s AI investment story remains a potential long-term support. Analysts and investors point to rising demand for Google Cloud, internally developed TPU chips, advertising resilience, and the potential for Gemini and other AI products to drive future growth. Alphabet Investing Behind AI Demand and TPU Growth
• Positive Sentiment: Pre-earnings coverage remains constructive on Alphabet’s third-quarter outlook, citing AI adoption, cloud growth, and advertising strength. Erste Group also modestly raised its fiscal 2027 EPS forecast, while Citizens JMP maintained a “market outperform” rating despite lowering its price target. Pre-Q3 Earnings Alphabet Stock Outlook
• Neutral Sentiment: Alphabet’s quarterly preferred-stock dividend announcement is unlikely to materially affect GOOGL common shares. Investors are instead focused on operating results, capital expenditures, margins, and management’s AI spending guidance.
• Neutral Sentiment: The upcoming earnings report is the key near-term catalyst. Strong cloud and advertising metrics could help stabilize the stock, but investors may react negatively if capital spending rises faster than AI-related revenue and cash flow.
• Negative Sentiment: Multiple law firms announced or promoted securities-fraud class actions against Alphabet concerning the May 19–July 16 trading period. The complaints allege that Alphabet failed to disclose important information about Gemini 3.5 Pro’s development and launch readiness; the allegations have not been proven. Lead-plaintiff deadlines are generally December 1, with one notice citing November 30. Kaplan Fox Alphabet Class Action Notice
• Negative Sentiment: A reported Google Cloud outage in London disrupted financial and public-sector services and prompted scrutiny from UK regulators and lawmakers, raising operational, reputational, and regulatory concerns. Alphabet Cloud Outage and Regulation
• Negative Sentiment: The broader AI sell-off is weighing on Alphabet as investors question whether enormous data-center, chip, power, and compute expenditures will generate adequate returns. Heavy spending is also contributing to concerns about future margins and valuation.

Insider Activity at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Frances Arnold sold 83 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction 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 SEC filing for this sale provides additional information. Insiders have sold a total of 315,765 shares of company stock worth $6,297,980 over the last quarter. Insiders own 11.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GOOGL shares. Truist Financial set a $420.00 price target on Alphabet and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $425.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. Morgan Stanley set a $400.00 target price on shares of Alphabet and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. DZ Bank raised shares of Alphabet to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Zacks Research lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Five research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $425.04.

Alphabet Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.