Chicago Partners Investment Group LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 3.5% in the third quarter, HoldingsChannel.com reports. The firm owned 86,845 shares of the information services provider’s stock after purchasing an additional 2,961 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Alphabet were worth $27,554,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Morton Brown Family Wealth LLC increased its position in shares of Alphabet by 135.5% during the third quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider’s stock worth $25,000 after buying an additional 42 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in Alphabet in the second quarter valued at $29,000. Livelsberger Financial Advisory acquired a new position in Alphabet in the third quarter valued at $37,000. Toth Financial Advisory Corp bought a new stake in Alphabet during the second quarter valued at $41,000. Finally, Timbuktu Capital Management LLC bought a new stake in Alphabet during the second quarter valued at $46,000. Institutional investors own 27.26% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on GOOG shares. Guggenheim reiterated a “buy” rating and set a $450.00 price target on shares of Alphabet in a report on Thursday, October 29th. Citizens Jmp downgraded Alphabet from a “mkt outperform” rating to a “market perform” rating in a research note on Thursday, October 29th. Sanford C. Bernstein restated a “market perform” rating and set a $325.00 price target on shares of Alphabet in a report on Thursday, October 29th. Barclays reaffirmed an “overweight” rating on shares of Alphabet in a research report on Thursday, October 29th. Finally, China Renaissance cut their target price on shares of Alphabet from $485.00 to $445.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $413.38.
Get Our Latest Analysis on GOOG
Alphabet Stock Up 0.8%
Shares of Alphabet stock traded up $2.19 during trading hours on Friday, reaching $283.93. The company’s stock had a trading volume of 24,574,811 shares, compared to its average volume of 22,294,856. Alphabet Inc. has a one year low of $271.41 and a one year high of $404.47. The company has a market capitalization of $3.47 trillion, a P/E ratio of 14.82, a P/E/G ratio of 0.84 and a beta of 1.21. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. The stock’s fifty day simple moving average is $329.78 and its two-hundred day simple moving average is $337.01.
Alphabet (NASDAQ:GOOG – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The information services provider reported $2.12 EPS 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%. The business’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.87 earnings per share. On average, research analysts forecast that Alphabet Inc. will post 19.80 earnings per share for the current year.
Alphabet Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, December 7th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio is 4.59%.
Trending Headlines about Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google’s Cloud, Gemini, advertising and streaming businesses are showing improving demand, according to market commentary. Reports also cite more than 1 billion Gemini app users and rapid Google Cloud growth, supporting the case that AI can create revenue beyond traditional Search. Article: GOOGL Cloud Momentum Clashes with Google Search Concerns
- Positive Sentiment: Alphabet disclosed a roughly $548 million Qualcomm stake, which could strengthen its AI data-center supply and technology relationships. Article: Alphabet discloses $548 million worth of Qualcomm stake
- Neutral Sentiment: Google acquired Crusoe’s planned Wyoming data-center site as part of a reported $17 billion expansion, with a pledge to cover the facility’s power costs. More capacity could support AI and cloud growth, while the scale of investment and energy needs add to concerns about spending and infrastructure constraints. Article: Google acquires Wyoming data center site from AI infrastructure firm Crusoe
- Neutral Sentiment: Alphabet’s Wing plans to invest up to $125 million in a Texas manufacturing facility, expanding its drone-delivery capacity. It offers longer-term growth potential but is a relatively small, multi-year investment compared with Alphabet’s core businesses. Article: Alphabet’s Drone Unit to Invest Up to $125 Million in New Texas Facility
- Negative Sentiment: Investors continue to question whether AI assistants could weaken Search growth and how effectively Alphabet can monetize AI search. Heavy data-center spending also raises concerns about cash flow, electricity availability and potential regulation. Article: Are the Fears Around Alphabet’s Search Slowdown Warranted?
- Negative Sentiment: Several law firms publicized an existing securities class action alleging investor harm during May–July 2026; the claims remain allegations, but the publicity may add a legal overhang. Separately, parents’ claims over an AI chatbot’s alleged role in a student’s suicide attempt raise potential safety and reputational concerns. Article: Google faces claims student used AI chat on US school laptop to plan suicide attempt
Insider Transactions at Alphabet
In related news, Director Frances Arnold sold 83 shares of the stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the sale, the director directly owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 247 shares of company stock worth $79,238 in the last ninety days. Corporate insiders own 12.99% of the company’s stock.
Alphabet Profile
Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer.
Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.
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