Third View Private Wealth LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 4.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 66,679 shares of the information services provider’s stock after buying an additional 2,852 shares during the quarter. Alphabet makes up approximately 2.7% of Third View Private Wealth LLC’s investment portfolio, making the stock its 8th biggest holding. Third View Private Wealth LLC’s holdings in Alphabet were worth $22,720,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of GOOG. Morton Brown Family Wealth LLC increased its position in Alphabet by 135.5% during the third quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider’s stock valued at $25,000 after acquiring an additional 42 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in shares of Alphabet in the second quarter valued at $29,000. Livelsberger Financial Advisory purchased a new stake in shares of Alphabet in the third quarter valued at $37,000. Toth Financial Advisory Corp bought a new stake in shares of Alphabet in the 2nd quarter worth about $41,000. Finally, Timbuktu Capital Management LLC bought a new stake in shares of Alphabet in the 2nd quarter worth about $46,000. 27.26% of the stock is currently owned by institutional investors.
Alphabet Stock Performance
Shares of Alphabet stock opened at $281.74 on Friday. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. The stock’s fifty day moving average is $330.86 and its two-hundred day moving average is $337.20. Alphabet Inc. has a 52 week low of $271.41 and a 52 week high of $404.47. The company has a market capitalization of $3.45 trillion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 0.87 and a beta of 1.21.
Alphabet (NASDAQ:GOOG – Get Free Report) last released its earnings results on Thursday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.89). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The business had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.97 billion. During the same quarter last year, the business posted $2.87 earnings per share. The firm’s revenue for the quarter was up 24.7% compared to the same quarter last year. As a group, analysts expect that Alphabet Inc. will post 19.80 earnings per share for the current year.
Alphabet Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be issued a $0.22 dividend. The ex-dividend date is Monday, December 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is presently 4.59%.
Wall Street Analyst Weigh In
GOOG has been the subject of a number of recent analyst reports. Zacks Research cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Freedom Capital upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Oppenheimer reissued an “outperform” rating and issued a $400.00 price objective (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Sanford C. Bernstein reissued a “market perform” rating and issued a $325.00 price objective on shares of Alphabet in a research note on Thursday, October 29th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $350.00 target price on shares of Alphabet in a research report on Thursday, October 29th. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $413.38.
Check Out Our Latest Stock Analysis on Alphabet
Key Headlines Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google is backing financing for TeraWulf’s data-center project tied to Anthropic’s long-term leases. The support could help secure infrastructure for AI demand, though it also exposes Google to a contingent commitment if Anthropic defaults. Article: Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Positive Sentiment: Waymo plans to expand its robotaxi fleet in Nashville by year-end, offering a potential growth signal for Alphabet’s autonomous-driving business. Article: Lyft to expand Waymo robotaxi fleet in Nashville by year-end
- Negative Sentiment: Google, Meta and TikTok sued California’s attorney general to block a law restricting features deemed addictive for under-16 users. The dispute adds regulatory uncertainty and scrutiny of Google’s services for young people. Article: Meta, Google, and TikTok sue California AG over teen social media law
- Negative Sentiment: Parents have sued Google, alleging a student used an AI chat on a school Chromebook while planning a suicide attempt. The claim is unproven, but it could heighten concerns about AI safety, liability and reputational risk. Article: Google faces claims student used AI chat on US school laptop to plan suicide attempt
- Negative Sentiment: Several law firms publicized a securities class action concerning investors who bought Alphabet shares from May 19 to July 16, alleging misleading statements about Gemini 3.5 Pro’s launch timing. The allegations have not been proven, but add legal overhang. Article: Rosen Law Firm investor notice
Insider Buying and Selling
In related news, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value 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 accessible through the SEC website. Over the last quarter, insiders have sold 247 shares of company stock valued at $79,238. Company insiders own 12.99% of the company’s stock.
Alphabet Company 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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