163,212 Shares of Alphabet Inc. $GOOGL Acquired by Randolph Co Inc

Key Points

• Randolph Co Inc. acquired 163,212 Alphabet shares during the third quarter, worth approximately $56.2 million. Alphabet now represents 4.5% of the firm’s portfolio and is its eighth-largest holding.
• Alphabet reported quarterly EPS of $2.12, missing the $3.02 consensus estimate, while revenue of $127.58 billion was slightly below expectations. Analysts maintain a consensus “Buy” rating, with an average price target of $410.46.
• Alphabet declared a quarterly dividend of $0.22 per share, equivalent to $0.88 annually and a 0.3% yield. Institutional investors own 40.03% of the stock, while insiders sold 247 shares worth approximately $79,238 over the past quarter.

Randolph Co Inc purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 163,212 shares of the information services provider's stock, valued at approximately $56,158,000. Alphabet comprises 4.5% of Randolph Co Inc's portfolio, making the stock its 8th largest position.

Several other large investors have also recently made changes to their positions in the business. EMC Capital Management bought a new stake in Alphabet in the second quarter valued at approximately $35,000. Core Capital Management & Research inc. purchased a new stake in Alphabet in the second quarter worth about $41,000. Intelligent Financial Strategies purchased a new position in Alphabet during the 3rd quarter valued at about $41,000. Premier Financial Group purchased a new stake in shares of Alphabet in the second quarter worth $45,000. Finally, Graney & King LLC increased its position in shares of Alphabet by 38.5% during the second quarter. Graney & King LLC now owns 180 shares of the information services provider's stock valued at $64,000 after acquiring an additional 50 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alphabet 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 transaction of $28,257.35. Following the completion of the sale, the director owned 19,076 shares of the company's stock, valued at approximately $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 SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 247 shares of company stock valued at $79,238. 11.61% of the stock is currently owned by company insiders.

Alphabet Price Performance

NASDAQ GOOGL opened at $279.84 on Monday. Alphabet Inc. has a 52 week low of $270.70 and a 52 week high of $408.61. The firm has a market capitalization of $3.42 trillion, a P/E ratio of 14.61, a PEG ratio of 0.83 and a beta of 1.21. 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 company has a 50-day moving average price of $339.07 and a 200-day moving average price of $340.17.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.96 billion. Equities research analysts anticipate that Alphabet Inc. will post 20.05 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet's dividend payout ratio is 4.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GOOGL shares. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $325.00 price objective (down from $385.00) on shares of Alphabet in a research report on Thursday. Yorkville Ives started coverage on Alphabet in a research report on Monday, October 5th. They issued an "outperform" rating and a $400.00 target price for the company. Citigroup dropped their price target on shares of Alphabet from $447.00 to $375.00 and set a "buy" rating on the stock in a report on Friday. Benchmark reaffirmed a "buy" rating on shares of Alphabet in a report on Thursday, October 1st. Finally, Wells Fargo & Company reduced their price target on shares of Alphabet from $417.00 to $371.00 and set an "overweight" rating for the company in a research note on Friday. Five research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Alphabet has a consensus rating of "Buy" and a consensus price target of $410.46.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results support Alphabet’s position as a major beneficiary of enterprise AI demand. Alphabet's Cloud Business Just Doubled
• Positive Sentiment: Several analysts remain constructive after the selloff. Guggenheim and Needham reaffirmed “buy” ratings with $450 targets, while Citigroup and Wells Fargo retained bullish ratings and projected substantial upside despite lowering their targets.
• Positive Sentiment: Alphabet’s AI ecosystem could gain from rising demand for cloud capacity and specialized chips. Waymo is also expanding internationally through a partnership with Toyota, although the business remains small relative to Alphabet’s core operations. Waymo taps Toyota to supply robotaxis
• Neutral Sentiment: Multiple securities law firms publicized class-action lawsuits and lead-plaintiff deadlines tied to alleged disclosures about Alphabet’s Gemini AI development. These notices add headline risk, but their direct financial impact remains uncertain.
• Negative Sentiment: Alphabet reported adjusted earnings of $2.12 per share, below consensus near $2.94-$3.02, while revenue of $127.6 billion also missed expectations. Search and other revenue grew about 12% to roughly $63 billion, but fell short of forecasts, reinforcing fears that AI-generated answers and “AI mode” searches may monetize less effectively than traditional Search.
• Negative Sentiment: AI infrastructure spending caused free cash flow to remain negative by roughly $9.1 billion for a second consecutive quarter. Investors are questioning whether the enormous capital outlays will produce adequate returns and whether Alphabet may need additional debt or equity financing.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment reduced quarterly earnings by approximately $0.55 per share, while an EU antitrust fine further pressured results. Analysts including RBC, Wells Fargo, Citigroup, Wedbush, KeyCorp and Cantor Fitzgerald lowered price targets, even though most maintained positive ratings.

About Alphabet

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.

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