44,680 Alphabet Inc. $GOOG Shares Bought by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors increased its Alphabet position by 16.9% in the third quarter, buying 44,680 shares and bringing its total holdings to 309,531 shares valued at approximately $105.5 million.
• Several other institutional investors also expanded their Alphabet stakes, while institutional investors collectively owned 27.26% of the company. However, insiders sold 441,399 shares worth $8.7 million over the past 90 days.
• Alphabet reported strong quarterly results, with revenue up 24.2% year over year and earnings exceeding estimates; analysts maintain a consensus “Buy” rating with an average price target of $421.95.

Farther Finance Advisors LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 16.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,531 shares of the information services provider's stock after buying an additional 44,680 shares during the quarter. Alphabet comprises 0.7% of Farther Finance Advisors LLC's portfolio, making the stock its 23rd biggest holding. Farther Finance Advisors LLC's holdings in Alphabet were worth $105,469,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GOOG. Denali Advisors LLC grew its stake in Alphabet by 14.8% in the second quarter. Denali Advisors LLC now owns 105,988 shares of the information services provider's stock valued at $37,449,000 after purchasing an additional 13,700 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management lifted its position in shares of Alphabet by 1.0% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider's stock valued at $86,596,000 after buying an additional 2,850 shares during the last quarter. Heck Capital Advisors LLC lifted its position in shares of Alphabet by 298.2% during the second quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider's stock valued at $7,854,000 after buying an additional 16,647 shares during the last quarter. Montchanin Asset Management LLC bought a new stake in shares of Alphabet in the 1st quarter valued at about $7,075,000. Finally, Sax Wealth Advisors LLC grew its position in shares of Alphabet by 13.3% in the 2nd quarter. Sax Wealth Advisors LLC now owns 30,489 shares of the information services provider's stock worth $10,773,000 after buying an additional 3,575 shares during the last quarter. Institutional investors own 27.26% of the company's stock.

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 83 shares of the stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the transaction, the chief accounting officer owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 441,399 shares of company stock valued at $8,677,053 in the last ninety days. Company insiders own 12.99% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Gemini agent launch strengthens Alphabet’s enterprise AI position. Google introduced an agentic Gemini assistant that can complete tasks across workplace applications, increasing its competitive challenge to Microsoft and OpenAI and potentially supporting Google Cloud and Workspace growth. Google brings agentic AI to Gemini
• Positive Sentiment: AI infrastructure and adjacent businesses continue to expand. Alphabet-backed Waymo secured $5 billion in debt financing to accelerate robotaxi expansion, while Isomorphic Labs is reportedly seeking funding at a valuation of $40 billion to $50 billion. These developments highlight potential value in Alphabet’s nonadvertising businesses. Waymo $5 billion loan
• Positive Sentiment: Long-term power deals support data-center expansion. Alphabet is financing a $1.8 billion Black Hills project in Wyoming and has agreed to a long-term nuclear power arrangement with Constellation Energy. Securing dedicated electricity could reduce a major bottleneck for AI and cloud capacity. Alphabet Black Hills power deal
• Positive Sentiment: Analyst sentiment remains broadly favorable. Reports point to Alphabet’s comparatively modest valuation, accelerating revenue growth, and expectations that the stock can recover toward prior highs. Its Google-Unity AI gaming partnership also creates a potential new creator and platform ecosystem. Alphabet analyst sentiment

Alphabet Stock Performance

Shares of Alphabet stock opened at $344.86 on Friday. The firm has a market capitalization of $4.22 trillion, a P/E ratio of 17.32, a PEG ratio of 1.01 and a beta of 1.19. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average price of $343.14 and a 200 day moving average price of $346.75. Alphabet Inc. has a 52 week low of $236.68 and a 52 week high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results 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. The company had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Alphabet's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.31 EPS. Sell-side analysts expect that Alphabet Inc. will post 20.55 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's payout ratio is 4.42%.

Analyst Ratings Changes

GOOG has been the subject of several recent analyst reports. Freedom Capital upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. Arete Research raised their target price on shares of Alphabet from $425.00 to $450.00 in a research note on Monday, July 6th. BMO Capital Markets lifted their price target on shares of Alphabet from $455.00 to $465.00 and gave the stock an "outperform" rating in a report on Thursday, July 23rd. DA Davidson reduced their price target on Alphabet from $375.00 to $350.00 and set a "neutral" rating on the stock in a research report on Thursday, July 23rd. Finally, Sanford C. Bernstein decreased their price objective on Alphabet from $390.00 to $385.00 and set a "market perform" rating for the company in a report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $421.95.

Alphabet Company 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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