ProShare Advisors LLC Purchases 107,924 Shares of Alphabet Inc. $GOOG

Posted by Francis Steltz on Nov 4th, 2026

ProShare Advisors LLC raised its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 4.2% during the third quarter, HoldingsChannel.com reports. The firm owned 2,679,204 shares of the information services provider’s stock after buying an additional 107,924 shares during the quarter. Alphabet comprises 1.3% of ProShare Advisors LLC’s investment portfolio, making the stock its 11th biggest position. ProShare Advisors LLC’s holdings in Alphabet were worth $912,912,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Denali Advisors LLC boosted its holdings in Alphabet by 14.8% in the 2nd quarter. Denali Advisors LLC now owns 105,988 shares of the information services provider’s stock worth $37,449,000 after acquiring an additional 13,700 shares during the period. Heck Capital Advisors LLC grew its position in Alphabet by 298.2% in the second quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider’s stock valued at $7,854,000 after acquiring an additional 16,647 shares in the last quarter. Montchanin Asset Management LLC purchased a new stake in shares of Alphabet during the first quarter valued at approximately $7,075,000. NBT Bank N.A. purchased a new stake in shares of Alphabet during the third quarter valued at approximately $47,537,000. Finally, Sax Wealth Advisors LLC raised its stake in shares of Alphabet by 13.3% during the second quarter. Sax Wealth Advisors LLC now owns 30,489 shares of the information services provider’s stock valued at $10,773,000 after purchasing an additional 3,575 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Google Cloud revenue more than doubled year over year to about $30.7 billion, and the company has a substantial backlog. A report that OpenAI is interested in buying Google’s AI chips could also help Alphabet monetize its infrastructure investment. OpenAI Wants to Buy Google AI Chips
Positive Sentiment: Alphabet is reportedly in preliminary discussions related to the U.S. Defense Department’s Golden Dome initiative. A contract could diversify revenue and help generate returns on its AI infrastructure, though no agreement is confirmed. Alphabet’s Golden Dome Talks Could Open a New Market
Neutral Sentiment: Google says it will make AI tools opt-in for K–12 accounts, but the changes have drawn political criticism after reports that schools restricting AI could also lose Search by default. The controversy may create reputational risk, while the effect on revenue is unclear. Google responds to political backlash over removing search from schools
Negative Sentiment: The latest quarter’s $2.12 per-share earnings missed analyst expectations, while aggressive AI investment pushed free cash flow into negative territory. Investors are also weighing expectations for higher capital spending, which could pressure cash flow further before the investments pay off. Alphabet’s Free Cash Flow Just Turned Negative
Negative Sentiment: Several law firms publicized an existing securities class action concerning alleged disclosures about Gemini 3.5 Pro’s training results. The announcements add legal and headline risk, but are not findings of wrongdoing. Alphabet securities class action deadline notice

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of the stock in a transaction that occurred on 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 trade represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 247 shares of company stock worth $79,238. Company insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on GOOG. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, October 27th. Scotiabank reaffirmed a “sector outperform” rating and set a $375.00 price target (down from $450.00) on shares of Alphabet in a report on Thursday, October 29th. JPMorgan Chase & Co. dropped their price target on shares of Alphabet from $425.00 to $375.00 and set an “overweight” rating on the stock in a research note on Thursday, October 29th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, August 3rd. Finally, Citic Securities boosted their price objective on shares of Alphabet from $430.00 to $434.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Six analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $413.38.

Check Out Our Latest Analysis on GOOG

Alphabet Stock Performance

Shares of GOOG stock opened at $278.27 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. Alphabet Inc. has a one year low of $271.41 and a one year high of $404.47. The company’s 50-day simple moving average is $333.13 and its 200-day simple moving average is $337.67. The stock has a market capitalization of $3.40 trillion, a price-to-earnings ratio of 14.52, a PEG ratio of 0.84 and a beta of 1.21.

Alphabet (NASDAQ:GOOG – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.89). The firm had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.97 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The firm’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter last year, the business posted $2.87 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 19.80 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company 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 dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, December 7th. Alphabet’s dividend payout ratio (DPR) is currently 4.59%.

About Alphabet

(Free Report)

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.