47,468 Alphabet Inc. $GOOG Shares Purchased by Mather Group LLC.

Key Points

• Mather Group LLC increased its Alphabet stake by 58.6% in the third quarter, purchasing 47,468 shares and bringing its holdings to 128,469 shares valued at approximately $43.8 million.
• Other major institutional investors, including BlackRock and State Street, also expanded their Alphabet positions; institutional investors collectively own 27.26% of the company.
• Alphabet reported quarterly revenue of $119.8 billion and earnings of $9.11 per share, exceeding analyst expectations. Analysts maintain a consensus “Buy” rating with an average price target of $422.10, while the company pays a $0.22 quarterly dividend.

Mather Group LLC. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 58.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 128,469 shares of the information services provider's stock after purchasing an additional 47,468 shares during the period. Mather Group LLC.'s holdings in Alphabet were worth $43,775,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in GOOG. BlackRock Inc. increased its position in Alphabet by 1.4% in the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock valued at $130,704,718,000 after buying an additional 5,164,200 shares in the last quarter. State Street Corp raised its stake in Alphabet by 2.8% during the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider's stock worth $67,458,980,000 after buying an additional 5,208,690 shares during the period. Janus Henderson Group PLC boosted its holdings in Alphabet by 2.1% in the fourth quarter. Janus Henderson Group PLC now owns 24,595,622 shares of the information services provider's stock worth $7,693,281,000 after acquiring an additional 508,718 shares in the last quarter. Invesco Ltd. boosted its holdings in Alphabet by 2.4% in the fourth quarter. Invesco Ltd. now owns 22,048,456 shares of the information services provider's stock worth $6,918,805,000 after acquiring an additional 517,108 shares in the last quarter. Finally, Amundi boosted its holdings in Alphabet by 22.9% in the first quarter. Amundi now owns 21,922,379 shares of the information services provider's stock worth $6,288,654,000 after acquiring an additional 4,083,758 shares in the last quarter. Institutional investors own 27.26% of the company's stock.

Alphabet Price Performance

GOOG stock opened at $344.91 on Friday. The company has a market capitalization of $4.22 trillion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 1.00 and a beta of 1.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a 52-week low of $244.67 and a 52-week high of $404.47. The business has a 50-day simple moving average of $341.41 and a two-hundred day simple moving average of $348.88.

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

Alphabet Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BMO Capital Markets raised their price objective on Alphabet from $455.00 to $465.00 and gave the company an "outperform" rating in a research note on Thursday, July 23rd. HSBC set a $515.00 target price on Alphabet in a research report on Friday, August 14th. UBS Group reaffirmed a "neutral" rating and set a $380.00 target price (up from $379.00) on shares of Alphabet in a research report on Wednesday. DA Davidson cut their target price on Alphabet from $375.00 to $350.00 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. Finally, Roth Capital lifted their price target on shares of Alphabet from $435.00 to $440.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Six investment 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $422.10.

Insider Activity at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. This represents 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 420,865 shares of company stock valued at $8,293,477 over the last 90 days. Insiders own 12.99% of the company's stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: JPMorgan raised its price target to $425 from $420 and maintained an Overweight rating. The firm cited sustained Google Cloud growth and Alphabet’s ability to remain competitive in artificial intelligence. Alphabet Stocks Rise as JPMorgan Lifts Target on Cloud Growth
• Positive Sentiment: Alphabet continues to generate positive AI momentum. Gemini 4 Argon reportedly scored highly on accounting and enterprise benchmarks, while Google demonstrated a quantum-computing technique that could reduce errors significantly. These developments support the company’s positioning against OpenAI, Anthropic and other rivals. Gemini 4 Argon Accounting Benchmark
• Positive Sentiment: New commercial initiatives—including Google’s Universal Cart shopping tool, a multiyear AI partnership with CNN and potential YouTube audiobook offerings—could broaden monetization across Search, Gemini and YouTube. Google Universal Cart Launch
• Neutral Sentiment: Investors are looking ahead to Alphabet’s upcoming earnings, with analysts generally bullish on AI and cloud growth. However, the company’s substantial data-center and AI infrastructure spending raises questions about near-term free cash flow and returns on capital. Alphabet Q3 Preview
• Negative Sentiment: Multiple law firms are promoting a securities class action alleging that Alphabet failed to disclose disappointing Gemini training results. The repeated notices and December lead-plaintiff deadline create a reputational and potential litigation overhang, although they do not represent new operating results. Alphabet Securities Fraud Lawsuit
• Negative Sentiment: Google warned that suspected China-linked hackers may exploit a vulnerability in BeyondTrust software, adding cybersecurity and trust concerns. Separately, renewed fears over stretched AI valuations and competition for digital advertising could limit further gains. Google Warns of BeyondTrust Exploitation Risk

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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