Wedbush Securities Inc. boosted its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 2.4% in the third quarter, HoldingsChannel reports. The firm owned 134,323 shares of the information services provider’s stock after buying an additional 3,192 shares during the quarter. Alphabet accounts for about 1.1% of Wedbush Securities Inc.’s holdings, making the stock its 10th largest holding. Wedbush Securities Inc.’s holdings in Alphabet were worth $45,769,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of Alphabet during the 2nd quarter valued at $29,000. Timbuktu Capital Management LLC bought a new stake in shares of Alphabet during the 2nd quarter worth $46,000. Robinswood Financial LLC bought a new position in Alphabet during the first quarter valued at about $57,000. Commonwealth Retirement Investments LLC bought a new position in Alphabet during the second quarter valued at about $86,000. Finally, Harborfront Financial Group LLC purchased a new stake in Alphabet during the second quarter worth about $89,000. Institutional investors own 27.26% of the company’s stock.
Wall Street Analysts Forecast Growth
GOOG has been the topic of several research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Canaccord Genuity Group set a $450.00 target price on shares of Alphabet in a research note on Thursday, July 23rd. UBS Group reissued a “neutral” rating and set a $380.00 target price (up from $379.00) on shares of Alphabet in a research report on Wednesday, October 14th. Rosenblatt Securities assumed coverage on shares of Alphabet in a research note on Thursday, August 20th. They set a “buy” rating for the company. Finally, Stifel Nicolaus set a $485.00 price target on shares of Alphabet in a report on Thursday, October 8th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Buy” and a consensus target price of $421.85.
Alphabet Stock Down 1.0%
GOOG stock opened at $314.19 on Tuesday. 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 capitalization of $3.84 trillion, a price-to-earnings ratio of 15.78, a PEG ratio of 0.91 and a beta of 1.19. Alphabet Inc. has a fifty-two week low of $264.94 and a fifty-two week high of $404.47. The stock has a fifty day moving average of $339.58 and a 200-day moving average of $338.81.
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet’s Google Cloud business remains a major growth driver. Cloud revenue reportedly grew 82% in the second quarter, while its backlog reached approximately $514 billion. Anthropic’s IPO filing also disclosed roughly $114.5 billion in non-cancelable cloud commitments with Alphabet, potentially providing substantial long-term revenue visibility. Alphabet Has $514 Billion in Cloud Orders
- Positive Sentiment: Analysts and investment managers continue to identify Alphabet as a potential leader in AI assistants, with growth prospects supported by resilient advertising, Google Cloud expansion and increasing Gemini adoption. Some long-term forecasts anticipate significant earnings growth over the next five years. Alphabet Stock: 3 Reasons Why GOOGL Is a Buy
- Neutral Sentiment: Alphabet’s upcoming quarterly results are the central near-term catalyst. Investors are focused on Search growth, Google Cloud margins, Gemini monetization and management’s capital-expenditure outlook. The stock has historically moved inconsistently after earnings, increasing the risk of a sharp reaction in either direction. Expected Alphabet Earnings Move
- Neutral Sentiment: Anthropic’s IPO filing supports demand for Alphabet’s cloud infrastructure, but it also highlights the cost of serving AI customers. Investors will need evidence that heavy data-center investment can translate into expanding cloud margins and free cash flow.
- Negative Sentiment: Investors remain concerned that elevated AI infrastructure spending could pressure margins and free cash flow, similar to the negative market reaction following Alphabet’s second-quarter results. Competition from Amazon, Microsoft, Meta and Anthropic adds to uncertainty around returns on AI investment.
- Negative Sentiment: Several law firms publicized securities-fraud class actions alleging Alphabet misled investors about AI progress during the May 19–July 16 period. Although the announcements do not establish liability, the repeated legal headlines add reputational and potential financial risk. Alphabet Securities Class Action Deadline
Insider Transactions at Alphabet
In other Alphabet news, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the transaction, the chief accounting officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frances Arnold sold 83 shares of the stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the transaction, the director owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 696 shares of company stock worth $232,894 over the last 90 days. 12.99% of the stock is currently owned by company 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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