Sound Income Strategies LLC Purchases 19,906 Shares of Alphabet Inc. $GOOG

Sound Income Strategies LLC increased its position in Alphabet Inc. (NASDAQ:GOOG) by 354.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,516 shares of the information services provider’s stock after purchasing an additional 19,906 shares during the quarter. Sound Income Strategies LLC’s holdings in Alphabet were worth $6,180,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOG. Vanguard Group Inc. lifted its position in Alphabet by 1.3% during the second quarter. Vanguard Group Inc. now owns 416,753,033 shares of the information services provider’s stock valued at $73,927,821,000 after buying an additional 5,182,111 shares during the period. State Street Corp lifted its position in Alphabet by 1.3% during the 2nd quarter. State Street Corp now owns 188,914,125 shares of the information services provider’s stock valued at $33,511,477,000 after acquiring an additional 2,428,266 shares during the period. Kingstone Capital Partners Texas LLC lifted its position in Alphabet by 580,897.4% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 135,087,705 shares of the information services provider’s stock valued at $23,963,208,000 after acquiring an additional 135,064,454 shares during the period. Geode Capital Management LLC boosted its stake in Alphabet by 0.4% during the second quarter. Geode Capital Management LLC now owns 107,760,033 shares of the information services provider’s stock worth $19,022,926,000 after acquiring an additional 441,177 shares in the last quarter. Finally, Sanders Capital LLC grew its holdings in Alphabet by 6.4% in the second quarter. Sanders Capital LLC now owns 35,357,943 shares of the information services provider’s stock worth $6,272,146,000 after purchasing an additional 2,117,990 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet agreed to acquire Intersect Power for about $4.75B (plus assumed debt), securing clean energy and data-center projects to accelerate AI compute capacity — a direct strategic move to remove power bottlenecks for Google Cloud and AI workloads. Alphabet to buy data center infrastructure firm Intersect
• Positive Sentiment: Product momentum: Google rolled out Gemini 3 Flash, reinforcing Alphabet’s AI leadership and helping investor confidence in future revenue and monetization opportunities across search, cloud, and enterprise AI. As Google Launches Gemini 3 Flash
• Positive Sentiment: Wall Street and institutional backing: recent analyst upgrades and higher price targets (e.g., Wedbush raising PT to $350; multiple “buy/outperform” notes) plus heavy institutional inflows support valuation and buying interest. Alphabet price/analyst coverage summary
• Neutral Sentiment: Waymo is showing strong operational progress (miles and performance metrics), positioning Alphabet well in autonomous mobility long-term; but near-term commercialization timelines remain uncertain. Waymo and Uber set for market war
• Neutral Sentiment: Alphabet-backed startup Motive filed for an IPO — a positive for Alphabet’s VC arm (GV) if the offering succeeds, but limited direct near-term impact on GOOG’s core earnings. Motive files for IPO
• Negative Sentiment: Legal and regulatory overhangs: a lawsuit from a New York Times reporter alleges unauthorized use of copyrighted books to train AI models, and California regulators are reviewing a Waymo stall incident after a power outage — both add execution and litigation risk. NYT reporter sues Google over chatbot training

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $308.19, for a total transaction of $184,914.00. Following the completion of the sale, the director owned 3,916 shares in the company, valued at approximately $1,206,872.04. This represents a 13.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $299.80, for a total value of $9,743,500.00. Following the completion of the transaction, the chief executive officer directly owned 2,239,619 shares in the company, valued at approximately $671,437,776.20. This represents a 1.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 228,906 shares of company stock valued at $63,984,117 in the last quarter. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Trading Up 1.4%

Alphabet stock opened at $315.68 on Wednesday. Alphabet Inc. has a one year low of $142.66 and a one year high of $328.67. The business’s fifty day moving average is $292.55 and its 200 day moving average is $237.48. The stock has a market capitalization of $3.81 trillion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 1.79 and a beta of 1.07. 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 (NASDAQ:GOOG) last posted its earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The business had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. During the same quarter in the prior year, the business earned $2.12 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, sell-side analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, December 8th. Alphabet’s payout ratio is 8.28%.

Wall Street Analyst Weigh In

GOOG has been the subject of several recent research reports. UBS Group reiterated a “neutral” rating on shares of Alphabet in a report on Thursday, October 30th. Raymond James Financial set a $275.00 price objective on Alphabet and gave the company an “outperform” rating in a research note on Friday, October 24th. Wolfe Research increased their target price on Alphabet from $290.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. KeyCorp reaffirmed an “overweight” rating and issued a $330.00 price target on shares of Alphabet in a research report on Thursday, October 30th. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of Alphabet in a research note on Wednesday, December 3rd. Seven research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $313.04.

Alphabet Company Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.