2,723 Alphabet Inc. $GOOGL Shares Purchased by Asset One Wealth Management LLC

Key Points

• Asset One Wealth Management increased its Alphabet stake by 10.4% in the third quarter, buying 2,723 shares to hold 28,839 shares valued at about $9.9 million.
• Analyst sentiment remains broadly positive: Alphabet has a consensus Buy rating and an average price target of $412.51.
• Alphabet’s latest quarterly results fell short of expectations, reporting EPS of $2.12 versus a $3.02 consensus and revenue of $127.58 billion versus estimates of $127.96 billion.

Asset One Wealth Management LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 10.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,839 shares of the information services provider's stock after acquiring an additional 2,723 shares during the quarter. Alphabet comprises 0.8% of Asset One Wealth Management LLC's investment portfolio, making the stock its 23rd biggest holding. Asset One Wealth Management LLC's holdings in Alphabet were worth $9,923,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in GOOGL. EMC Capital Management purchased a new stake in shares of Alphabet during the second quarter worth approximately $35,000. Core Capital Management & Research inc. acquired a new stake in shares of Alphabet during the second quarter worth $41,000. Intelligent Financial Strategies acquired a new stake in shares of Alphabet during the third quarter worth $41,000. Premier Financial Group purchased a new position in Alphabet in the 2nd quarter valued at $45,000. Finally, Van Den Berg Management I Inc. grew its position in Alphabet by 319.6% in the 1st quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider's stock valued at $61,000 after buying an additional 163 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Moffett Nathanson set a $345.00 price objective on shares of Alphabet in a research note on Thursday, October 29th. Piper Sandler set a $345.00 target price on shares of Alphabet and gave the stock an "overweight" rating in a research note on Thursday, October 29th. Pivotal Research restated a "buy" rating and issued a $475.00 target price (up from $470.00) on shares of Alphabet in a research note on Thursday, July 23rd. Wells Fargo & Company lowered their target price on shares of Alphabet from $417.00 to $371.00 and set an "overweight" rating on the stock in a report on Friday, October 30th. Finally, Zacks Research lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Five research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $412.51.

Insider Activity at Alphabet

In other 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 transaction, the director directly 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 document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 247 shares of company stock worth $79,238. 11.61% of the stock is currently owned by insiders.

Key Headlines Impacting Alphabet

These are some of the GOOGL headlines that stood out recently:

• Positive Sentiment: Nvidia CEO Jensen Huang’s abrupt departure could encourage cloud customers to diversify AI-chip suppliers. Alphabet’s TPUs may benefit from that shift; Google Cloud also uses AMD processors in TPU infrastructure. Read More.
• Neutral Sentiment: An investor commentary argues that Alphabet’s substantial cash generation and business strengths provide reasons not to overreact to AI-related capital spending, though the returns on that spending remain a key issue for investors. Read More.
• Negative Sentiment: A securities class action covering investors who bought Alphabet shares from May 19 to July 16, 2026, is prompting new law-firm notices. The lawsuit adds legal and reputational risk; the allegations have not been established in court. Read More.

Alphabet Stock Down 1.0%

Alphabet stock opened at $295.77 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69. Alphabet Inc. has a 1-year low of $270.70 and a 1-year high of $408.61. The company has a market cap of $3.64 trillion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 0.90 and a beta of 1.23. The stock's 50 day moving average price is $328.18 and its 200 day moving average price is $338.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts' consensus estimates of $3.02 by ($0.90). The business had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.96 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. On average, sell-side analysts predict that Alphabet Inc. will post 19.81 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

About Alphabet

Alphabet Inc. is a technology holding company whose largest business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company reorganized its businesses under the holding-company structure in 2015. Google's products and services include Search, YouTube, Android, Chrome, Google Maps, Google Play and Google Cloud. The company also generates revenue from digital advertising and offers devices, subscriptions and artificial intelligence products and services.

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