46,060 Alphabet Inc. $GOOG Shares Bought by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management nearly doubled its Alphabet stake in the third quarter, buying 46,060 shares to reach 94,364 shares valued at approximately $32.5 million.
• Alphabet reported strong quarterly results, with revenue up 24.2% year over year to $119.8 billion and EPS of $9.11, substantially exceeding analyst expectations.
• Analysts remain broadly bullish, with a consensus “Buy” rating and $421.95 price target; however, insiders sold 441,399 shares worth about $8.7 million over the past three months.

NorthCrest Asset Manangement LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 95.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,364 shares of the information services provider's stock after purchasing an additional 46,060 shares during the period. Alphabet makes up about 0.8% of NorthCrest Asset Manangement LLC's investment portfolio, making the stock its 23rd biggest position. NorthCrest Asset Manangement LLC's holdings in Alphabet were worth $32,542,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of GOOG. Castlekeep Investment Advisors LLC acquired a new position in Alphabet during the 2nd quarter worth $29,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet in the 4th quarter valued at $38,000. Bard Associates Inc. acquired a new stake in shares of Alphabet in the 4th quarter valued at $41,000. Timbuktu Capital Management LLC bought a new stake in shares of Alphabet during the second quarter worth $46,000. Finally, Robinswood Financial LLC bought a new stake in shares of Alphabet during the first quarter worth $57,000. 27.26% of the stock is owned by institutional investors.

Insider Transactions at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company's stock in a transaction on Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frances Arnold sold 83 shares of the firm's stock in a transaction 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 in the company, valued at $6,494,424.20. The trade was a 0.43% decrease in their position. 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 over the last three months. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Trading Up 0.3%

NASDAQ:GOOG opened at $348.97 on Tuesday. Alphabet Inc. has a 1-year low of $240.75 and a 1-year high of $404.47. The business's 50-day moving average price is $342.49 and its two-hundred day moving average price is $347.52. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4.27 trillion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.01 and a beta of 1.19.

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

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were issued a $0.22 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is 4.42%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GOOG. Roth Capital raised their price target on Alphabet from $435.00 to $440.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Raymond James Financial restated a "strong-buy" rating on shares of Alphabet in a research report on Thursday, July 23rd. Morgan Stanley reduced their target price on shares of Alphabet from $415.00 to $400.00 and set an "overweight" rating on the stock in a research note on Thursday, July 23rd. Jefferies Financial Group reiterated a "buy" rating on shares of Alphabet in a research report on Monday, August 3rd. Finally, Moffett Nathanson dropped their price target on shares of Alphabet from $380.00 to $370.00 and set a "buy" rating for the company in a research note on Wednesday, September 16th. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $421.95.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts and financial commentators remain constructive on Alphabet’s long-term outlook, citing Google Cloud’s rapid growth, a reported $514 billion backlog and expanding AI Mode adoption. Some forecasts point to meaningful upside over the next 12 months and through 2030. Wall Street analysts update Google stock price target
• Positive Sentiment: Alphabet and Constellation reportedly signed a 3.59-gigawatt nuclear power agreement. The deal supports Alphabet’s ability to secure reliable electricity for energy-intensive AI data centers and highlights growing demand for nuclear power across the technology sector. Google and Constellation nuclear deal
• Positive Sentiment: New consumer-health initiatives—including partnerships with Flo Health and Function Health—and the $180 Fitbit Edge could broaden Alphabet’s ecosystem, increase engagement and create additional data and services opportunities beyond advertising. Alphabet Flo Health partnership
• Neutral Sentiment: Waymo reportedly raised $5 billion in private credit, providing additional funding for its robotaxi expansion. The financing could accelerate growth but also underscores the substantial capital requirements of Alphabet’s autonomous-driving business. Waymo borrowing
• Negative Sentiment: Several law firms publicized a securities-fraud class action against Alphabet, alleging the company misrepresented progress on its Gemini 3.5 Pro model, including coding and training-data setbacks. The allegations relate to a reported 4% share-price decline and are not proven; multiple firms cited December 1, 2026 lead-plaintiff deadlines, while one notice cited November 30. Alphabet AI issues securities lawsuit
• Negative Sentiment: Reach PLC reported a sharp decline in digital revenue as Google referrals weakened, offering a reminder that changes to Google Search and AI-generated answers may disrupt traffic-dependent publishers and attract scrutiny from the broader media ecosystem. Daily Mirror publisher Reach hit by Google traffic slump

About Alphabet

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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