WealthPlan Investment Management LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 7.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 74,385 shares of the information services provider’s stock after selling 6,069 shares during the quarter. Alphabet accounts for about 1.2% of WealthPlan Investment Management LLC’s portfolio, making the stock its 25th biggest holding. WealthPlan Investment Management LLC’s holdings in Alphabet were worth $25,346,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Readystate Asset Management LP purchased a new position in Alphabet during the second quarter valued at $45,352,000. BlackRock Inc. grew its position in shares of 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 period. State Street Corp grew its position in shares of 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 purchasing an additional 5,208,690 shares during the period. Auto Owners Insurance Co grew its position in shares of Alphabet by 38,409.2% in the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock valued at $5,643,262,000 after purchasing an additional 179,369,280 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Alphabet by 2.1% during the fourth quarter. Janus Henderson Group PLC now owns 24,595,622 shares of the information services provider’s stock worth $7,693,281,000 after purchasing an additional 508,718 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: JPMorgan raised its price target to $425 from $420 and maintained an Overweight rating. The firm cited sustained Google Cloud growth and Alphabet’s ability to remain competitive in artificial intelligence. Alphabet Stocks Rise as JPMorgan Lifts Target on Cloud Growth
- Positive Sentiment: Alphabet continues to generate positive AI momentum. Gemini 4 Argon reportedly scored highly on accounting and enterprise benchmarks, while Google demonstrated a quantum-computing technique that could reduce errors significantly. These developments support the company’s positioning against OpenAI, Anthropic and other rivals. Gemini 4 Argon Accounting Benchmark
- Positive Sentiment: New commercial initiatives—including Google’s Universal Cart shopping tool, a multiyear AI partnership with CNN and potential YouTube audiobook offerings—could broaden monetization across Search, Gemini and YouTube. Google Universal Cart Launch
- Neutral Sentiment: Investors are looking ahead to Alphabet’s upcoming earnings, with analysts generally bullish on AI and cloud growth. However, the company’s substantial data-center and AI infrastructure spending raises questions about near-term free cash flow and returns on capital. Alphabet Q3 Preview
- Negative Sentiment: Multiple law firms are promoting a securities class action alleging that Alphabet failed to disclose disappointing Gemini training results. The repeated notices and December lead-plaintiff deadline create a reputational and potential litigation overhang, although they do not represent new operating results. Alphabet Securities Fraud Lawsuit
- Negative Sentiment: Google warned that suspected China-linked hackers may exploit a vulnerability in BeyondTrust software, adding cybersecurity and trust concerns. Separately, renewed fears over stretched AI valuations and competition for digital advertising could limit further gains. Google Warns of BeyondTrust Exploitation Risk
Insider Buying and Selling at Alphabet
In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 420,865 shares of company stock worth $8,293,477 in the last three months. 12.99% of the stock is owned by corporate insiders.
Alphabet Trading Up 0.4%
GOOG opened at $344.91 on Friday. The firm has a market capitalization of $4.22 trillion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.00 and a beta of 1.19. The company’s 50 day simple moving average is $341.41 and its two-hundred day simple moving average is $348.88. Alphabet Inc. has a 1-year low of $244.67 and a 1-year high of $404.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.
Alphabet (NASDAQ:GOOG – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $6.24. The business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The business’s revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.31 earnings per share. Analysts expect that Alphabet Inc. will post 20.54 EPS for the current fiscal year.
Alphabet Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is 4.42%.
Analyst Ratings Changes
Several research firms recently weighed in on GOOG. Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a research report on Monday, August 3rd. Oppenheimer reiterated an “outperform” rating and issued a $400.00 price objective (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. Barclays reiterated an “overweight” rating and set a $425.00 price objective (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. DZ Bank raised Alphabet from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, Sanford C. Bernstein reduced their target price on Alphabet from $390.00 to $385.00 and set a “market perform” rating for the company in a report on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $422.10.
Get Our Latest Stock Report on Alphabet
Alphabet Company Profile
Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet’s chief executive officer and also leads Google.
Google is Alphabet’s primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.
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