Partners Wealth Management LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 23,679 shares of the information services provider’s stock, valued at approximately $8,068,000. Alphabet makes up about 0.8% of Partners Wealth Management LLC’s holdings, making the stock its 22nd largest position.
A number of other large investors also recently added to or reduced their stakes in the stock. Readystate Asset Management LP acquired a new stake in Alphabet in the 2nd quarter valued at about $45,352,000. Arrowstreet Capital Limited Partnership grew its position in shares of Alphabet by 76.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 14,581,870 shares of the information services provider’s stock worth $4,182,952,000 after buying an additional 6,300,900 shares in the last quarter. State Street Corp increased its holdings in Alphabet by 2.8% in the second quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock valued at $67,458,980,000 after buying an additional 5,208,690 shares during the last quarter. BlackRock Inc. increased its stake in Alphabet by 1.4% in the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock valued at $130,704,718,000 after purchasing an additional 5,164,200 shares during the last quarter. Finally, Amundi lifted its holdings in shares of Alphabet by 22.9% in the 1st quarter. Amundi now owns 21,922,379 shares of the information services provider’s stock valued at $6,288,654,000 after purchasing an additional 4,083,758 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently commented on GOOG. Stifel Nicolaus set a $485.00 price target on Alphabet in a report on Thursday, October 8th. Wells Fargo & Company set a $365.00 price objective on shares of Alphabet in a research note on Monday. Zacks Research lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Canaccord Genuity Group set a $450.00 price objective on Alphabet in a research note on Thursday, July 23rd. Finally, Evercore reissued an “outperform” rating and issued a $435.00 target price on shares of Alphabet in a research note on Thursday. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $413.38.
Check Out Our Latest Research Report on GOOG
Alphabet Stock Performance
NASDAQ:GOOG opened at $278.04 on Tuesday. The firm’s fifty day simple moving average is $334.45 and its 200 day simple moving average is $337.96. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a twelve month low of $271.41 and a twelve month high of $404.47. The firm has a market capitalization of $3.40 trillion, a price-to-earnings ratio of 14.51, a PEG ratio of 0.92 and a beta of 1.19.
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 analysts’ consensus estimates of $3.01 by ($0.89). Alphabet had a net margin of 50.03% and a return on equity of 46.63%. The firm had revenue of $127.58 billion for the quarter, compared to analysts’ expectations of $127.97 billion. During the same quarter in the prior year, the business earned $2.87 EPS. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. As a group, equities research analysts expect that Alphabet Inc. will post 19.99 earnings per share for the current fiscal year.
Alphabet Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, December 7th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 7th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 4.59%.
Key Stories Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google Cloud and AI demand remain major growth drivers. Google Cloud revenue reportedly nearly doubled year over year to approximately $30.7 billion, while its backlog reached about $561 billion. Analysts also point to accelerating cloud usage, potential external TPU sales and future Gemini monetization as evidence that Alphabet’s AI investments could create new revenue streams. Alphabet: Cloud Acceleration And TPU Sales Hedge Against Search Cannibalization
- Positive Sentiment: Alphabet is raising capital to fund infrastructure expansion. The company launched a roughly €6 billion ($6.7 billion) European bond offering, reportedly attracting orders well above the amount offered. Strong demand from debt investors may signal confidence in Alphabet’s balance sheet and long-term AI strategy, although it also confirms that the build-out will require substantial financing. Alphabet kicks off €6 billion bond sale
- Positive Sentiment: Some investors view the sell-off as a valuation opportunity. At roughly 14.5 times earnings, Alphabet is considered inexpensive relative to its historical valuation by several commentators, who believe cloud growth and AI infrastructure demand can eventually offset pressure on traditional search. Preliminary discussions involving Alphabet-related technology and a potential U.S. defense initiative could provide another long-term enterprise revenue channel, but no final contract has been announced. Alphabet Plummets After Earnings
- Neutral Sentiment: Investor attention is increasingly focused on Alphabet’s changing business mix. Search now accounts for less than half of revenue, while cloud and other businesses are expanding. This diversification could reduce dependence on advertising over time, but investors still need evidence that newer AI products can achieve the margins and monetization rates of traditional search. What’s Going on with Alphabet Stock?
- Negative Sentiment: High AI spending is creating immediate financial pressure. Alphabet missed quarterly EPS expectations, search growth slowed to roughly 12%, and capital spending pushed free cash flow negative by approximately $9.1 billion for a second consecutive quarter. Investors fear AI-generated answers may produce less advertising revenue than conventional search while requiring billions in additional data-center investment. Alphabet’s Google spending derails major shareholder perk
- Negative Sentiment: Multiple securities-law firms are publicizing a shareholder class action. The lawsuit concerns investors who purchased Alphabet securities between May 19 and July 16, 2026, with lead-plaintiff deadlines in late November or December. The notices are primarily legal solicitations, but they add reputational and headline risk. Rosen Alphabet securities class action notice
Insider Activity at Alphabet
In related news, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 247 shares of company stock worth $79,238 over the last three months. 12.99% of the stock is currently owned by corporate insiders.
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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