VCI Wealth Management LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 5.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 42,487 shares of the information services provider’s stock after purchasing an additional 2,215 shares during the period. Alphabet accounts for about 3.5% of VCI Wealth Management LLC’s investment portfolio, making the stock its 7th biggest holding. VCI Wealth Management LLC’s holdings in Alphabet were worth $14,477,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Providence Wealth Advisors LLC lifted its position in shares of Alphabet by 0.3% during the 1st quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider’s stock valued at $3,094,000 after buying an additional 29 shares in the last quarter. One Charles Private Wealth Services LLC increased its holdings in Alphabet by 0.6% in the 1st quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider’s stock worth $1,390,000 after acquiring an additional 29 shares in the last quarter. Wisconsin Wealth Advisors LLC increased its holdings in Alphabet by 1.3% in the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider’s stock worth $785,000 after acquiring an additional 29 shares in the last quarter. Cypress Financial Planning LLC raised its stake in Alphabet by 1.3% during the 3rd quarter. Cypress Financial Planning LLC now owns 2,198 shares of the information services provider’s stock worth $749,000 after acquiring an additional 29 shares during the period. Finally, Johnson Wealth Management LLC raised its stake in Alphabet by 1.7% during the 2nd quarter. Johnson Wealth Management LLC now owns 1,842 shares of the information services provider’s stock worth $651,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.
Alphabet Trading Up 3.2%
Alphabet stock opened at $287.30 on Thursday. Alphabet Inc. has a 1 year low of $271.41 and a 1 year high of $404.47. The firm’s 50 day moving average price is $332.01 and its 200-day moving average price is $337.44. 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 stock has a market cap of $3.51 trillion, a P/E ratio of 14.99, a PEG ratio of 0.84 and a beta of 1.21.
Alphabet (NASDAQ:GOOG – Get Free Report) last issued its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.89). The company had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.97 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. Alphabet’s revenue was up 24.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.87 EPS. On average, equities analysts predict that Alphabet Inc. will post 19.80 earnings per share for the current fiscal year.
Alphabet Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, December 7th will be paid a $0.22 dividend. The ex-dividend date is Monday, December 7th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet’s payout ratio is presently 4.59%.
Analysts Set New Price Targets
Several equities analysts have weighed in on the stock. Bank of America reaffirmed a “buy” rating on shares of Alphabet in a report on Thursday, October 29th. Citigroup cut shares of Alphabet from a “market outperform” rating to a “market perform” rating in a research note on Thursday, October 29th. KeyCorp restated an “overweight” rating and set a $385.00 price objective on shares of Alphabet in a research report on Thursday, October 29th. New Street Research decreased their price objective on shares of Alphabet from $455.00 to $405.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Finally, TD Cowen restated a “buy” rating and set a $460.00 target price (down from $485.00) on shares of Alphabet in a research note on Thursday, October 29th. Six investment 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $413.38.
View Our Latest Report on GOOG
Insider Buying and Selling
In other Alphabet news, Director Frances Arnold sold 83 shares of the stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 247 shares of company stock valued at $79,238. 12.99% of the stock is owned by insiders.
Alphabet News Roundup
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: AI momentum: A venture-capital investor ranked Alphabet’s Gemini as the leading AI model, supporting optimism about the company’s ability to compete in AI and potentially attract usage and spending. Top VC: The Best AI Models Take “80% Plus” of Spend. And Alphabet’s Gemini Just Ranked No. 1
- Positive Sentiment: Long-term infrastructure growth: Google plans to invest $15 billion in Malaysia over two years to expand data-center capacity and support regional AI and cloud demand. The investment could help grow future revenue, though it adds to near-term capital needs. Google to Invest $15 Billion in Malaysia Over Two Years
- Neutral Sentiment: Election-driven rally: Reports attributed the rebound in Alphabet and other mega-cap technology shares to a broad post-election market rally. The result may have eased some near-term concern about data-center policy, although regulatory uncertainty remains. Why Alphabet Stock Popped on Wednesday
- Negative Sentiment: Heavy AI investment weighs on cash flow: Recent coverage highlighted declining free cash flow and rising infrastructure costs, tempering the growth story. Investors remain focused on whether cloud and AI returns will justify the spending. Alphabet’s Free Cash Flow Is Declining Faster Than Analysts Expected
- Negative Sentiment: School Search policy backlash and litigation: Google’s plan tying school access to Search with AI settings drew criticism from politicians and prompted competing search services to target schools. Separately, a securities class action alleges investors were misled about Gemini 3.5 Pro’s progress; the claims are allegations, but add legal and reputational uncertainty. Google faces backlash for plan that would turn off Search for schools that restrict AI
About Alphabet
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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