1,762 Alphabet Inc. $GOOGL Shares Bought by Crescent Grove Advisors LLC

Key Points

• Crescent Grove Advisors increased its Alphabet stake by 29.8% in the third quarter, purchasing 1,762 additional shares for a total holding of 7,678 shares valued at approximately $2.64 million. Institutional investors collectively own 40.03% of Alphabet.
• Alphabet’s AI and cloud businesses showed strong momentum, with Google Cloud revenue rising 103% year over year and new AI monetization initiatives expanding. However, heavy spending on data centers and AI pressured free cash flow, while advertising growth was mixed.
• Alphabet’s quarterly results missed analyst expectations: adjusted EPS was $2.12 versus a $3.02 consensus estimate, and revenue reached $127.58 billion versus expectations of $127.96 billion. Despite the miss, analysts maintain an overall “Buy” rating with an average price target of $425.04.

Crescent Grove Advisors LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 29.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,678 shares of the information services provider's stock after acquiring an additional 1,762 shares during the period. Crescent Grove Advisors LLC's holdings in Alphabet were worth $2,642,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. 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 valued at $137,000 after buying an additional 27 shares during the period. Rockbridge Investment Management LCC raised its holdings in shares of Alphabet by 0.5% in the 1st 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 in the last quarter. Ruggaard & Associates LLC boosted its position in shares of Alphabet by 0.9% during 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 last quarter. Cadia Private Client LLC boosted its position in shares of Alphabet by 1.1% during the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock valued at $744,000 after acquiring an additional 28 shares during the last quarter. Finally, Evansbrook LLC boosted its position in shares of Alphabet by 0.3% during the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock valued at $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 News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud growth accelerated: Cloud revenue more than doubled, rising 103% year over year and exceeding expectations. The results suggest Alphabet’s investments in AI infrastructure, cloud capacity and custom TPU chips are generating meaningful demand. Google Cloud Revenue Just Grew 103%, so Why Is the Stock Falling?
• Positive Sentiment: AI monetization opportunities are expanding: Google is rolling out AI Search ads internationally, opening its AI experiences to more third-party apps, and reportedly attracting interest from OpenAI for its TPU chips. These developments could diversify Alphabet’s revenue and strengthen its position against Nvidia in AI infrastructure. Google expands AI Search ads globally as core ad growth slows
• Neutral Sentiment: New Gemini 4 Carbon launch: Google introduced a cybersecurity-focused AI model that received positive attention from Elon Musk. The launch supports Alphabet’s long-term AI strategy, but its near-term financial contribution remains uncertain. Google launches Gemini 4 Carbon AI model with cybersecurity focus
• Negative Sentiment: Quarterly results missed estimates: Alphabet reported adjusted earnings of $2.12 per share, below consensus estimates ranging from $2.94 to $3.02. Revenue of $127.6 billion also fell short of expectations near $128.2 billion, while profit declined from the prior year. Alphabet Q3 Earnings and Revenues Miss Estimates
• Negative Sentiment: Cash flow is the main concern: Free cash flow fell as Alphabet spent heavily on data centers, cloud capacity and AI research. Investors are concerned that the rapid expansion may pressure returns and limit buybacks, even as cloud revenue grows quickly. Alphabet's free cash flow sinks further
• Negative Sentiment: Advertising momentum was mixed: YouTube advertising revenue rose 9% to $11.2 billion but missed the $11.43 billion analyst estimate, while broader search-ad growth slowed. South Korea also imposed an app-market fine, adding to regulatory pressure.

Insider Buying and Selling

In related news, Director Frances Arnold sold 83 shares of the company's stock in a transaction on 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 sale, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 11.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Roth Capital restated a "buy" rating and issued a $440.00 price objective (up from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $417.00 target price (up from $411.00) on shares of Alphabet in a research note on Tuesday, October 6th. DA Davidson set a $350.00 target price on shares of Alphabet and gave the company a "neutral" rating in a research report on Thursday, July 23rd. Morgan Stanley set a $400.00 price target on shares of Alphabet and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Finally, Benchmark reissued a "buy" rating on shares of Alphabet in a research note on Thursday, October 1st. Five research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $425.04.

Alphabet Stock Performance

Shares of GOOGL stock opened at $324.89 on Thursday. The company has a market capitalization of $3.97 trillion, a P/E ratio of 16.32, a PEG ratio of 0.92 and a beta of 1.21. Alphabet Inc. has a fifty-two week low of $267.67 and a fifty-two week high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The stock has a 50 day moving average price of $341.50 and a two-hundred day moving average price of $340.66.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued 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 return on equity of 51.32% and a net margin of 54.77%. The firm had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.96 billion. Analysts expect that Alphabet Inc. will post 20.60 earnings per share for the current year.

Alphabet Company Profile

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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