3,409 Alphabet Inc. $GOOG Shares Acquired by NFSG Corp

Key Points

• NFSG Corp increased its Alphabet position by 6.6% in the third quarter, acquiring 3,409 shares and bringing its total holdings to 55,413 shares valued at approximately $18.9 million.
• Alphabet’s growth outlook is supported by potential TPU sales, advances in quantum computing, and expansion of Waymo and AI-content partnerships. Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $422.10.
• GOOG recently traded at $336.91, below its 50-day and 200-day moving averages, while investors face risks from higher interest rates, insider selling, and legal claims related to Gemini AI disclosures.

NFSG Corp raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 6.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,413 shares of the information services provider's stock after purchasing an additional 3,409 shares during the quarter. Alphabet accounts for approximately 2.0% of NFSG Corp's portfolio, making the stock its 10th largest position. NFSG Corp's holdings in Alphabet were worth $18,881,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management grew its holdings in Alphabet by 1.7% during the third quarter. Activest Wealth Management now owns 14,676 shares of the information services provider's stock worth $5,001,000 after buying an additional 247 shares in the last quarter. Whitener Capital Management Inc. raised its position in Alphabet by 1.4% in the 3rd quarter. Whitener Capital Management Inc. now owns 3,225 shares of the information services provider's stock valued at $1,099,000 after buying an additional 43 shares during the last quarter. V Square Quantitative Management LLC raised its position in Alphabet by 4.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 100,792 shares of the information services provider's stock valued at $34,344,000 after buying an additional 4,585 shares during the last quarter. YANKCOM Partnership lifted its stake in Alphabet by 13.5% during the 3rd quarter. YANKCOM Partnership now owns 7,041 shares of the information services provider's stock valued at $2,399,000 after acquiring an additional 837 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. lifted its stake in Alphabet by 2.4% during the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 4,960 shares of the information services provider's stock valued at $1,690,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI-chip opportunity: Evercore ISI raised its Alphabet estimates, arguing that the company could sell its internally developed tensor processing units (TPUs) to cloud customers. AI-chip revenue could become a meaningful contributor to Google Cloud, supporting growth and improving the return on Alphabet’s substantial infrastructure investments. Evercore raises Alphabet estimates on potential TPU hardware sales
• Positive Sentiment: Quantum-computing breakthrough: Google reported a technique that reduces quantum-computing errors by roughly 40 times. Although commercialization remains uncertain, the development reinforces Alphabet’s long-term technology leadership and could support investor enthusiasm around its research portfolio. Google demonstrates new quantum computer breakthrough
• Positive Sentiment: Expansion of growth businesses: Waymo received approval to participate in Ontario’s automated-vehicle pilot program and is targeting a Toronto robotaxi launch in 2028. Alphabet also reached a multiyear AI-content agreement with CNN, potentially strengthening its AI products and training resources. Google's Waymo plans first Canada robotaxi service in Toronto in 2028
• Neutral Sentiment: Analyst support remains favorable: JPMorgan raised its Alphabet target to $425 and maintained an overweight rating, while recent commentary continues to emphasize strong cloud and AI growth. However, investors remain focused on whether large capital expenditures can generate sufficient future returns.
• Negative Sentiment: Macro pressure: A hotter-than-expected producer-price report reduced expectations for near-term Federal Reserve rate cuts. Higher-for-longer rates typically weigh on high-growth technology valuations, contributing to weakness across major technology shares, including Alphabet.
• Negative Sentiment: Legal overhang: Multiple law firms publicized a securities class action involving investors who held Alphabet shares between May 19 and July 16, 2026, citing alleged securities-law violations related to disclosures about Gemini AI performance. The repeated deadline reminders may add short-term sentiment pressure, although the ultimate financial impact remains uncertain. Kaplan Fox Alphabet class action reminder

Alphabet Stock Performance

Alphabet stock traded down $8.00 during mid-day trading on Friday, reaching $336.91. 16,939,110 shares of the company's stock were exchanged, compared to its average volume of 17,087,756. The business's fifty day simple moving average is $341.08 and its 200 day simple moving average is $348.80. The firm has a market capitalization of $4.12 trillion, a PE ratio of 16.92, a P/E/G ratio of 1.00 and a beta of 1.19. Alphabet Inc. has a one year low of $244.67 and a one year high of $404.47. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The business had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $116.53 billion. During the same quarter in the previous year, the firm earned $2.31 earnings per share. The business's revenue was up 24.2% on a year-over-year basis. On average, sell-side analysts expect that Alphabet Inc. will post 20.54 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were issued 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 of this dividend was Friday, September 4th. Alphabet's payout ratio is 4.42%.

Insider Buying and Selling

In related news, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frances Arnold sold 83 shares of Alphabet 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 directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 420,865 shares of company stock valued at $8,293,477. 12.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $420.00 price objective (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. The Goldman Sachs Group lowered their target price on shares of Alphabet from $440.00 to $435.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. China Renaissance dropped their price target on shares of Alphabet from $485.00 to $445.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Piper Sandler raised their price target on shares of Alphabet from $395.00 to $400.00 and gave the company an "overweight" rating in a research report on Monday, September 28th. Finally, Royal Bank Of Canada restated a "buy" rating and set a $475.00 price target on shares of Alphabet in a report on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $422.10.

Alphabet Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet's chief executive officer and also leads Google.

Google is Alphabet's primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

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