Boyd Wealth Management LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 87.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,425 shares of the information services provider's stock after acquiring an additional 1,601 shares during the period. Alphabet accounts for about 0.4% of Boyd Wealth Management LLC's portfolio, making the stock its 24th largest holding. Boyd Wealth Management LLC's holdings in Alphabet were worth $1,179,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the business. Strategic Wealth Advisors LLC boosted its stake in Alphabet by 6.0% during the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock worth $137,000 after buying an additional 27 shares during the period. Rockbridge Investment Management LCC increased its position in shares of Alphabet by 0.5% during the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider's stock valued at $1,570,000 after acquiring an additional 27 shares during the last quarter. Ruggaard & Associates LLC raised its stake in shares of Alphabet by 0.9% in the 1st quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider's stock valued at $840,000 after acquiring an additional 27 shares during the period. Cadia Private Client LLC lifted its holdings in shares of Alphabet by 1.1% in the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock worth $744,000 after acquiring an additional 28 shares during the last quarter. Finally, Evansbrook LLC lifted its holdings in shares of Alphabet by 0.3% in the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock worth $2,738,000 after acquiring an additional 28 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.
Alphabet Trading Down 1.2%
Shares of GOOGL stock opened at $320.21 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. Alphabet Inc. has a 1-year low of $255.32 and a 1-year high of $408.61. The business's fifty day moving average price is $342.79 and its 200 day moving average price is $352.81. The firm has a market capitalization of $3.92 trillion, a PE ratio of 16.08, a P/E/G ratio of 0.92 and a beta of 1.21.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. As a group, sell-side analysts forecast that Alphabet Inc. will post 20.60 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts recently weighed in on the stock. Piper Sandler lifted their target price on shares of Alphabet from $395.00 to $400.00 and gave the company an "overweight" rating in a report on Monday, September 28th. Morgan Stanley set a $400.00 price target on Alphabet and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. DZ Bank upgraded Alphabet to a "strong-buy" rating in a research report on Thursday, July 23rd. Barclays reaffirmed an "overweight" rating and issued a $425.00 price objective (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $450.00 price objective on shares of Alphabet in a research note on Thursday, October 8th. Five investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $425.04.
Get Our Latest Report on Alphabet
Insiders Place Their Bets
In other news, Director Frances Arnold sold 83 shares of the company's 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 legal filing with the SEC, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 315,765 shares of company stock valued at $6,297,980 in the last quarter. 11.61% of the stock is currently owned by company insiders.
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet’s AI investment story remains a potential long-term support. Analysts and investors point to rising demand for Google Cloud, internally developed TPU chips, advertising resilience, and the potential for Gemini and other AI products to drive future growth. Alphabet Investing Behind AI Demand and TPU Growth
- Positive Sentiment: Pre-earnings coverage remains constructive on Alphabet’s third-quarter outlook, citing AI adoption, cloud growth, and advertising strength. Erste Group also modestly raised its fiscal 2027 EPS forecast, while Citizens JMP maintained a “market outperform” rating despite lowering its price target. Pre-Q3 Earnings Alphabet Stock Outlook
- Neutral Sentiment: Alphabet’s quarterly preferred-stock dividend announcement is unlikely to materially affect GOOGL common shares. Investors are instead focused on operating results, capital expenditures, margins, and management’s AI spending guidance.
- Neutral Sentiment: The upcoming earnings report is the key near-term catalyst. Strong cloud and advertising metrics could help stabilize the stock, but investors may react negatively if capital spending rises faster than AI-related revenue and cash flow.
- Negative Sentiment: Multiple law firms announced or promoted securities-fraud class actions against Alphabet concerning the May 19–July 16 trading period. The complaints allege that Alphabet failed to disclose important information about Gemini 3.5 Pro’s development and launch readiness; the allegations have not been proven. Lead-plaintiff deadlines are generally December 1, with one notice citing November 30. Kaplan Fox Alphabet Class Action Notice
- Negative Sentiment: A reported Google Cloud outage in London disrupted financial and public-sector services and prompted scrutiny from UK regulators and lawmakers, raising operational, reputational, and regulatory concerns. Alphabet Cloud Outage and Regulation
- Negative Sentiment: The broader AI sell-off is weighing on Alphabet as investors question whether enormous data-center, chip, power, and compute expenditures will generate adequate returns. Heavy spending is also contributing to concerns about future margins and valuation.
About Alphabet
(
Free Report)
Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.
Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.
Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.
Further Reading
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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