Northeast Investment Management lessened its position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,483 shares of the information services provider’s stock after selling 4,559 shares during the quarter. Alphabet comprises about 1.1% of Northeast Investment Management’s investment portfolio, making the stock its 27th largest position. Northeast Investment Management’s holdings in Alphabet were worth $30,150,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Chicago Partners Investment Group LLC raised its stake in shares of Alphabet by 3.5% during the third quarter. Chicago Partners Investment Group LLC now owns 86,845 shares of the information services provider’s stock worth $27,554,000 after buying an additional 2,961 shares during the last quarter. Basso Capital Management L.P. bought a new position in shares of Alphabet in the 3rd quarter worth $367,000. Attestor Capital Ltd bought a new stake in shares of Alphabet in the 3rd quarter valued at about $28,673,000. 3Chopt Investment Partners LLC increased its stake in Alphabet by 3.5% in the third quarter. 3Chopt Investment Partners LLC now owns 51,178 shares of the information services provider’s stock valued at $17,438,000 after purchasing an additional 1,714 shares in the last quarter. Finally, Team Financial Group LLC bought a new stake in shares of Alphabet in the 3rd quarter valued at $60,000. Institutional investors own 27.26% of the company’s stock.
Key Alphabet News
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
Alphabet Stock Performance
Shares of Alphabet stock traded up $2.19 during trading on Friday, hitting $283.93. 24,574,811 shares of the stock were exchanged, compared to its average volume of 22,294,856. Alphabet Inc. has a 1-year low of $271.41 and a 1-year high of $404.47. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21. The company has a fifty day moving average price of $329.78 and a 200-day moving average price of $337.01.
Alphabet (NASDAQ:GOOG – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $127.97 billion. During the same period last year, the firm earned $2.87 EPS. Alphabet’s quarterly revenue was up 24.7% compared to the same quarter last year. As a group, equities analysts predict that Alphabet Inc. will post 19.80 EPS for the current fiscal year.
Alphabet Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet’s dividend payout ratio is 4.59%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on GOOG shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $475.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. HSBC set a $515.00 price objective on Alphabet in a report on Friday, August 14th. TD Cowen reissued a “buy” rating and issued a $460.00 target price (down from $485.00) on shares of Alphabet in a research report on Thursday, October 29th. Raymond James Financial reissued a “strong-buy” rating and issued a $350.00 price objective on shares of Alphabet in a research report on Thursday, October 29th. Finally, BMO Capital Markets set a $425.00 target price on shares of Alphabet in a report on Thursday, October 29th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $413.38.
Get Our Latest Stock Report on GOOG
Insiders Place Their Bets
In other Alphabet news, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction 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 completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 247 shares of company stock valued at $79,238. 12.99% of the stock is currently owned by corporate insiders.
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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