11,968 Alphabet Inc. $GOOG Shares Acquired by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its Alphabet stake by 8.8% in the third quarter, acquiring 11,968 shares for a total holding of 147,309 shares valued at approximately $50.2 million. Alphabet now represents about 1.7% of the firm’s portfolio.
• Analyst sentiment remains favorable: 41 analysts rate Alphabet Buy or Strong Buy, compared with three Holds, producing an overall “Buy” rating and an average price target of $421.95.
• Alphabet reported quarterly revenue of $119.8 billion, up 24.2% year over year, while its AI expansion includes the agentic Gemini assistant, Waymo’s $5 billion financing, and major investments to secure power for data centers.

GAMMA Investing LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 8.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 147,309 shares of the information services provider's stock after buying an additional 11,968 shares during the quarter. Alphabet makes up approximately 1.7% of GAMMA Investing LLC's investment portfolio, making the stock its 7th largest position. GAMMA Investing LLC's holdings in Alphabet were worth $50,194,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Providence Wealth Advisors LLC increased its holdings 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 worth $3,094,000 after acquiring an additional 29 shares during the last quarter. One Charles Private Wealth Services LLC lifted its holdings in Alphabet by 0.6% during the 1st quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider's stock valued at $1,390,000 after purchasing an additional 29 shares during the last quarter. Wisconsin Wealth Advisors LLC lifted its holdings in Alphabet by 1.3% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider's stock valued at $785,000 after purchasing an additional 29 shares during the last quarter. Financial Enhancement Group LLC boosted its position in Alphabet by 2.3% during the first quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider's stock worth $380,000 after purchasing an additional 30 shares during the period. Finally, Johnson Wealth Management LLC boosted its position in Alphabet by 1.7% during the second quarter. Johnson Wealth Management LLC now owns 1,842 shares of the information services provider's stock worth $651,000 after purchasing an additional 30 shares during the period. Institutional investors own 27.26% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Gemini agent launch strengthens Alphabet’s enterprise AI position. Google introduced an agentic Gemini assistant that can complete tasks across workplace applications, increasing its competitive challenge to Microsoft and OpenAI and potentially supporting Google Cloud and Workspace growth. Google brings agentic AI to Gemini
• Positive Sentiment: AI infrastructure and adjacent businesses continue to expand. Alphabet-backed Waymo secured $5 billion in debt financing to accelerate robotaxi expansion, while Isomorphic Labs is reportedly seeking funding at a valuation of $40 billion to $50 billion. These developments highlight potential value in Alphabet’s nonadvertising businesses. Waymo $5 billion loan
• Positive Sentiment: Long-term power deals support data-center expansion. Alphabet is financing a $1.8 billion Black Hills project in Wyoming and has agreed to a long-term nuclear power arrangement with Constellation Energy. Securing dedicated electricity could reduce a major bottleneck for AI and cloud capacity. Alphabet Black Hills power deal
• Positive Sentiment: Analyst sentiment remains broadly favorable. Reports point to Alphabet’s comparatively modest valuation, accelerating revenue growth, and expectations that the stock can recover toward prior highs. Its Google-Unity AI gaming partnership also creates a potential new creator and platform ecosystem. Alphabet analyst sentiment

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research report on Friday, July 17th. Freedom Capital raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Rosenblatt Securities began coverage on shares of Alphabet in a research note on Thursday, August 20th. They issued a "buy" rating on the stock. DA Davidson lowered their price target on shares of Alphabet from $375.00 to $350.00 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. Finally, KeyCorp restated an "overweight" rating and set a $435.00 price objective on shares of Alphabet in a research report on Thursday, October 1st. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $421.95.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $344.86 on Friday. Alphabet Inc. has a 12-month low of $236.68 and a 12-month high of $404.47. The company's 50 day moving average price is $343.14 and its two-hundred day moving average price is $346.75. The firm has a market cap of $4.22 trillion, a PE ratio of 17.32, a PEG ratio of 1.01 and a beta of 1.19. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.87 by $6.24. The company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm's quarterly revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.31 earnings per share. Equities research analysts predict that Alphabet Inc. will post 20.55 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's payout ratio is currently 4.42%.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 83 shares of the business's stock in a transaction dated 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 transaction, the director owned 19,076 shares of the company's stock, valued at $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the transaction, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 441,399 shares of company stock valued at $8,677,053 in the last three months. Corporate insiders own 12.99% of the company's stock.

Alphabet Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet's chief executive officer and also leads Google.

Google is Alphabet's primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

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