22,605 Alphabet Inc. $GOOG Shares Acquired by Lyell Wealth Management LP

Key Points

• Lyell Wealth Management increased its Alphabet stake by 8.9% in the third quarter, adding 22,605 shares to hold 276,741 shares worth about $94.3 million. Alphabet represents 5.6% of the firm’s portfolio and is its second-largest holding.
• Alphabet’s latest quarterly results fell short of analyst expectations: earnings were $2.12 per share versus a $3.01 estimate, while revenue was $127.58 billion versus a $127.97 billion estimate. Revenue nevertheless grew 24.7% year over year.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $413.38 price target; Alphabet also announced a quarterly dividend of $0.22 per share.

Lyell Wealth Management LP grew its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 8.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 276,741 shares of the information services provider's stock after purchasing an additional 22,605 shares during the quarter. Alphabet makes up about 5.6% of Lyell Wealth Management LP's investment portfolio, making the stock its 2nd largest holding. Lyell Wealth Management LP's holdings in Alphabet were worth $94,297,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in Alphabet by 1.4% in the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock worth $130,704,718,000 after buying an additional 5,164,200 shares during the period. State Street Corp increased its stake in Alphabet by 2.8% in the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider's stock worth $67,458,980,000 after buying an additional 5,208,690 shares in the last quarter. Amundi raised its holdings in Alphabet by 22.9% during the first quarter. Amundi now owns 21,922,379 shares of the information services provider's stock valued at $6,288,654,000 after acquiring an additional 4,083,758 shares during the period. Deutsche Bank AG raised its holdings in Alphabet by 5.6% during the second quarter. Deutsche Bank AG now owns 17,313,729 shares of the information services provider's stock valued at $6,117,460,000 after acquiring an additional 913,666 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Alphabet by 24.9% during the second quarter. Wellington Management Group LLP now owns 17,209,454 shares of the information services provider's stock valued at $6,080,616,000 after acquiring an additional 3,432,287 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $281.74 on Friday. The company has a market cap of $3.45 trillion, a P/E ratio of 14.70, a P/E/G ratio of 0.87 and a beta of 1.21. Alphabet Inc. has a 52-week low of $271.41 and a 52-week high of $404.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. The firm's fifty day moving average is $330.86 and its two-hundred day moving average is $337.20.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.01 by ($0.89). The company had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The firm's revenue for the quarter was up 24.7% on a year-over-year basis. During the same period last year, the company earned $2.87 EPS. As a group, analysts anticipate that Alphabet Inc. will post 19.80 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GOOG shares. Susquehanna reaffirmed a "positive" rating and issued a $400.00 price objective on shares of Alphabet in a research note on Thursday, October 29th. Bank of America reissued a "buy" rating on shares of Alphabet in a research note on Thursday, October 29th. Canaccord Genuity Group set a $450.00 target price on Alphabet in a research note on Thursday, July 23rd. Citizens Jmp cut Alphabet from a "mkt outperform" rating to a "market perform" rating in a report on Thursday, October 29th. Finally, TD Cowen restated a "buy" rating and issued a $460.00 price target (down from $485.00) on shares of Alphabet in a research note on Thursday, October 29th. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Alphabet has an average rating of "Moderate Buy" and a consensus target price of $413.38.

Insider Buying and Selling

In related news, Director Frances Arnold sold 83 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 19,076 shares of the company's stock, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 247 shares of company stock worth $79,238 over the last three months. 12.99% of the stock is currently owned by corporate insiders.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is backing financing for TeraWulf’s data-center project tied to Anthropic’s long-term leases. The support could help secure infrastructure for AI demand, though it also exposes Google to a contingent commitment if Anthropic defaults. Article: Google's Credit Backstop May Be TeraWulf's Biggest Advantage
• Positive Sentiment: Waymo plans to expand its robotaxi fleet in Nashville by year-end, offering a potential growth signal for Alphabet’s autonomous-driving business. Article: Lyft to expand Waymo robotaxi fleet in Nashville by year-end
• Negative Sentiment: Google, Meta and TikTok sued California’s attorney general to block a law restricting features deemed addictive for under-16 users. The dispute adds regulatory uncertainty and scrutiny of Google’s services for young people. Article: Meta, Google, and TikTok sue California AG over teen social media law
• Negative Sentiment: Parents have sued Google, alleging a student used an AI chat on a school Chromebook while planning a suicide attempt. The claim is unproven, but it could heighten concerns about AI safety, liability and reputational risk. Article: Google faces claims student used AI chat on US school laptop to plan suicide attempt
• Negative Sentiment: Several law firms publicized a securities class action concerning investors who bought Alphabet shares from May 19 to July 16, alleging misleading statements about Gemini 3.5 Pro’s launch timing. The allegations have not been proven, but add legal overhang. Article: Rosen Law Firm investor notice

Alphabet Company Profile

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google's principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.

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