Generali Asset Management SPA SGR Purchases 16,248 Shares of Alphabet Inc. $GOOGL

Generali Asset Management SPA SGR grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 3.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 520,287 shares of the information services provider’s stock after buying an additional 16,248 shares during the period. Alphabet comprises approximately 3.1% of Generali Asset Management SPA SGR’s holdings, making the stock its 4th biggest position. Generali Asset Management SPA SGR’s holdings in Alphabet were worth $179,020,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. Strategic Wealth Advisors LLC lifted its stake in shares of Alphabet by 6.0% in the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider’s stock worth $137,000 after buying an additional 27 shares in the last quarter. Rockbridge Investment Management LCC grew its stake in Alphabet by 0.5% during the 1st quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider’s stock valued at $1,570,000 after acquiring an additional 27 shares in the last quarter. Ruggaard & Associates LLC grew its stake in Alphabet by 0.9% during the 1st quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider’s stock valued at $840,000 after acquiring an additional 27 shares in the last quarter. Cadia Private Client LLC grew its stake in Alphabet by 1.1% during the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider’s stock valued at $744,000 after acquiring an additional 28 shares in the last quarter. Finally, Evansbrook LLC raised its holdings in Alphabet by 0.3% in the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider’s stock valued at $2,738,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In related news, Director Frances Arnold sold 83 shares of the company’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 transaction, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 247 shares of company stock valued at $79,238 in the last 90 days. Corporate insiders own 11.61% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL stock opened at $288.93 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69. The firm’s 50-day moving average is $335.23 and its two-hundred day moving average is $339.39. Alphabet Inc. has a 12 month low of $270.70 and a 12 month high of $408.61. The company has a market capitalization of $3.53 trillion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 0.84 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The firm had revenue of $127.58 billion during the quarter, compared to analysts’ expectations of $127.96 billion. Analysts predict that Alphabet Inc. will post 19.86 earnings per share for the current year.

Alphabet Announces Dividend

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

Analysts Set New Price Targets

GOOGL has been the topic of a number of research reports. Truist Financial decreased their target price on shares of Alphabet from $420.00 to $410.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. Tigress Financial restated a “strong-buy” rating and issued a $485.00 price target (up from $415.00) on shares of Alphabet in a research report on Thursday, September 17th. Roth Capital reaffirmed a “buy” rating and issued a $440.00 price target (up from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Guggenheim reaffirmed a “buy” rating and issued a $450.00 price target on shares of Alphabet in a report on Thursday, October 29th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $480.00 price objective (up from $465.00) on shares of Alphabet in a research report on Tuesday, October 20th. Five analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $412.51.

Check Out Our Latest Stock Report on Alphabet

More Alphabet News

Here are the key news stories impacting Alphabet this week:

  • Positive Sentiment: Election results were cited as a catalyst for the stock’s advance. The outcome also raises questions about possible data-center restrictions, so the longer-term policy impact is not yet clear. Why Alphabet Stock Popped on Wednesday
  • Positive Sentiment: AI demand remains a growth opportunity: Alphabet’s earnings-call coverage highlighted strong cloud demand and TPU sales, while Anthropic’s reported commitment to spend with Google could support future infrastructure demand. GOOGL Q3 Earnings Call Highlights AI Growth and Spending Pressures
  • Neutral Sentiment: Google plans to invest $15 billion in Malaysia over 2027–28 to expand data-center and digital infrastructure. This could build capacity for AI and cloud growth, but adds to already elevated investment needs. Google to Invest $15 Billion in Malaysia Over Two Years
  • Neutral Sentiment: OpenAI says ChatGPT’s search volume is about one-fifth of Google’s. The comparison has been questioned for lacking a clear baseline, but it underscores the competitive risk to Search. OpenAI Says ChatGPT’s Search Volume Is Now a Fifth of Google’s
  • Negative Sentiment: Spending pressure remains a key concern: reports say free cash flow fell below expectations as Alphabet invests heavily in AI infrastructure, and the supplied earnings figures show quarterly EPS missed the consensus estimate. Alphabet’s Free Cash Flow Is Declining Faster Than Analysts Expected
  • Negative Sentiment: Google is facing backlash over school accounts that link access to Search with access to AI features, creating reputational and potential policy risk. Separately, law firms are publicizing a securities class action alleging misrepresentations about Gemini development; the claims are allegations, not findings. Google Faces Backlash Over School Search Policy

About Alphabet

(Free Report)

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.

See Also

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL – Free Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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