5,307 Alphabet Inc. $GOOGL Shares Purchased by Private Wealth Partners LLC

Key Points

• Private Wealth Partners increased its Alphabet position by 2% in the third quarter, purchasing 5,307 shares to bring its holdings to 273,959 shares worth approximately $94.3 million. Institutional investors and hedge funds own 40.03% of Alphabet.
• Analysts remain broadly positive, with Alphabet receiving a consensus “Buy” rating and an average price target of $412.82, although several firms recently lowered their targets.
• Alphabet’s latest quarter fell short of expectations, with EPS of $2.12 versus $3.02 expected and revenue slightly below forecasts. Strong cloud and AI growth was offset by heavy AI infrastructure spending, negative free cash flow and concerns about pressure on traditional search profitability.

Private Wealth Partners LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 273,959 shares of the information services provider's stock after acquiring an additional 5,307 shares during the period. Alphabet makes up about 6.4% of Private Wealth Partners LLC's portfolio, making the stock its 4th biggest holding. Private Wealth Partners LLC's holdings in Alphabet were worth $94,264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EMC Capital Management acquired a new position in shares of Alphabet in the second quarter valued at about $35,000. Core Capital Management & Research inc. acquired a new stake in shares of Alphabet during the second quarter worth about $41,000. Intelligent Financial Strategies acquired a new stake in shares of Alphabet during the third quarter worth about $41,000. Premier Financial Group acquired a new stake in shares of Alphabet during the second quarter worth about $45,000. Finally, Graney & King LLC boosted its position in Alphabet by 38.5% in the second quarter. Graney & King LLC now owns 180 shares of the information services provider's stock valued at $64,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. DZ Bank upgraded shares of Alphabet to a "strong-buy" rating in a report on Thursday, July 23rd. Evercore restated an "outperform" rating and set a $450.00 price objective on shares of Alphabet in a research note on Wednesday, September 16th. Phillip Securities raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 27th. Susquehanna cut their price objective on shares of Alphabet from $460.00 to $400.00 and set a "positive" rating on the stock in a research note on Thursday. Finally, Truist Financial reduced their target price on shares of Alphabet from $420.00 to $410.00 and set a "buy" rating for the company in a report on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Alphabet presently has an average rating of "Buy" and a consensus price target of $412.82.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of the company's stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the transaction, the director owned 19,076 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Company insiders own 11.61% of the company's stock.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $283.82 on Friday. The stock has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 14.81, a PEG ratio of 0.94 and a beta of 1.21. Alphabet Inc. has a 12 month low of $270.70 and a 12 month high of $408.61. The firm's 50 day simple moving average is $340.29 and its 200-day simple moving average is $340.43. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 46.63%. The firm had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.96 billion. Analysts expect that Alphabet Inc. will post 20.60 EPS for the current year.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered exceptional growth. Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results indicate strong demand for Alphabet’s AI infrastructure and cloud services. Alphabet’s Cloud Business Just Doubled
• Positive Sentiment: Alphabet’s AI ecosystem is gaining commercial traction. OpenAI reportedly plans to use Google’s custom TPU chips, and search query growth reached its strongest year-over-year pace in five years. These developments could support longer-term cloud, chip and AI revenue opportunities.
• Positive Sentiment: Some analysts remain constructive despite reducing targets. Guggenheim and Needham reaffirmed “buy” ratings, while RBC, Wedbush, KeyCorp, Susquehanna and Truist retained positive or outperform-equivalent ratings.
• Neutral Sentiment: Analyst expectations were reset lower. Multiple firms cut price targets, including RBC to $400, Wedbush to $387 and DA Davidson to $300, although most remained positive or neutral rather than bearish.
• Neutral Sentiment: Alphabet faces several securities class-action notices concerning alleged disclosures about the development of its Gemini AI models. The lawsuits and lead-plaintiff deadlines add reputational and legal uncertainty, but their immediate financial impact is unclear.
• Negative Sentiment: Alphabet missed Wall Street’s quarterly expectations. Adjusted earnings were $2.12 per share versus roughly $3.02 expected, while revenue of $127.6 billion was slightly below forecasts. Search and other revenue grew 12% but missed estimates for a second consecutive quarter, and YouTube advertising revenue also fell short.
• Negative Sentiment: AI spending is pressuring cash generation. Alphabet reported approximately $9.1 billion of negative free cash flow as capital expenditures for data centers and AI capacity exceeded operating cash flow. Investors are questioning whether the spending will generate adequate returns and whether it could constrain buybacks or dividends. Alphabet earnings miss reflects first real sign that AI is taking a bite out of search
• Negative Sentiment: AI-powered search appears less profitable than traditional search, raising concerns that AI could disrupt Alphabet’s core advertising engine even as it increases user engagement.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment and an EU antitrust fine further reduced reported earnings, amplifying the quarter’s bottom-line miss.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.