2,728 Alphabet Inc. $GOOGL Shares Bought by Woodmont Investment Counsel LLC

Key Points

• Woodmont Investment Counsel increased its Alphabet stake by 5.3% in the third quarter, buying 2,728 shares to reach 54,588 shares valued at about $18.8 million.
• Analyst sentiment remained broadly positive: 50 analysts rated the stock Strong Buy or Buy, and the average price target was $412.51; five analysts rated it Hold.
• Alphabet reported quarterly EPS of $2.12, below the $3.02 consensus estimate, while revenue of $127.58 billion was slightly under forecasts. The company also declared a quarterly dividend of $0.22 per share.

Woodmont Investment Counsel LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,588 shares of the information services provider's stock after buying an additional 2,728 shares during the period. Alphabet makes up about 1.0% of Woodmont Investment Counsel LLC's portfolio, making the stock its 27th largest position. Woodmont Investment Counsel LLC's holdings in Alphabet were worth $18,783,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its position in shares of Alphabet by 5.6% during the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock worth $85,403,303,000 after purchasing an additional 12,718,127 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Alphabet by 90.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider's stock worth $4,900,078,000 after purchasing an additional 8,112,680 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Alphabet in the 3rd quarter worth $1,612,704,000. Amundi boosted its position in shares of Alphabet by 12.7% in the 1st quarter. Amundi now owns 31,745,979 shares of the information services provider's stock worth $9,128,850,000 after purchasing an additional 3,574,810 shares in the last quarter. Finally, Jupiter Topco LLC purchased a new position in Alphabet during the 2nd quarter worth $1,058,385,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GOOGL shares. Needham & Company LLC reissued a "buy" rating and issued a $450.00 price target on shares of Alphabet in a report on Thursday, October 29th. Guggenheim restated a "buy" rating and set a $450.00 price objective on shares of Alphabet in a report on Thursday, October 29th. Piper Sandler set a $345.00 price objective on shares of Alphabet and gave the company an "overweight" rating in a report on Thursday, October 29th. Truist Financial decreased their price objective on shares of Alphabet from $420.00 to $410.00 and set a "buy" rating for the company in a research report on Thursday, October 29th. Finally, Cantor Fitzgerald lowered their target price on shares of Alphabet from $420.00 to $350.00 and set an "overweight" rating for the company in a research note on Thursday, October 29th. Five research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Alphabet has an average rating of "Buy" and an average target price of $412.51.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 83 shares of the firm's stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the sale, the director directly owned 19,076 shares of the company's stock, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 247 shares of company stock valued at $79,238. Corporate insiders own 11.61% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced two new versions of its eighth-generation Tensor Processing Units, broadening its AI-chip offerings and sharpening its challenge to Nvidia. Investors may see custom chips as a way to support Google Cloud growth and reduce reliance on outside suppliers. Alphabet stock rises as Google expands AI chip lineup to challenge Nvidia
• Neutral Sentiment: JPMorgan removed Alphabet from its Analyst Focus List but maintained an Overweight rating. The firm cited slower AI-search monetization and substantial infrastructure spending, highlighting execution risks without changing its overall positive rating. JPMorgan Just Removed Alphabet From Its Analyst Focus List
• Negative Sentiment: Federal safety regulators opened a new investigation into Waymo after reports that its robotaxis continued to pass stopped school buses despite a prior software fix. The probe could bring regulatory, reputational or operational costs for Alphabet’s autonomous-driving business. Waymo robotaxis kept illegally passing school buses after software fix, feds say
• Negative Sentiment: Several law firms publicized an existing securities class action concerning Alphabet investors who bought shares from May 19 to July 16, 2026. The lawsuit alleges investors were misled about the Gemini 3.5 Pro launch timeline; the lead-plaintiff deadlines are November 30 or December 1. Repeated notices may add legal overhang, though they are not new court findings. Alphabet Deadline Alert: Levi & Korsinsky Reminds Investors of Securities Class Action Deadline

Alphabet Stock Up 1.2%

Shares of GOOGL stock opened at $288.15 on Tuesday. The stock has a 50 day moving average of $331.76 and a 200 day moving average of $338.77. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.52 trillion, a P/E ratio of 15.04, a P/E/G ratio of 0.87 and a beta of 1.23. Alphabet Inc. has a twelve month low of $270.70 and a twelve month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing analysts' consensus estimates of $3.02 by ($0.90). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The firm had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.96 billion. As a group, sell-side analysts expect that Alphabet Inc. will post 19.86 EPS for the current year.

Alphabet Dividend Announcement

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

Alphabet Company Profile

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.

Alphabet serves consumers, businesses and organizations around the world.

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