9,805 Alphabet Inc. $GOOGL Shares Acquired by Atlatl Advisers LLC

Key Points

• Atlatl Advisers increased its Alphabet position by 197.3% in the third quarter, acquiring 9,805 shares for a total of 14,775 shares valued at approximately $5.08 million. Institutional investors own about 40% of Alphabet.
• Alphabet reported quarterly earnings of $2.12 per share, missing the $3.02 consensus estimate, while revenue also fell slightly short. Heavy AI infrastructure spending kept free cash flow negative, and concerns about AI search monetization weighed on investor sentiment.
• Google Cloud revenue more than doubled to about $30.7 billion and its backlog reached $561 billion, supporting the long-term AI growth case. Despite several analysts cutting price targets, Alphabet retains a consensus “Buy” rating with an average target of $410.46.

Atlatl Advisers LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 197.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 14,775 shares of the information services provider's stock after purchasing an additional 9,805 shares during the period. Alphabet accounts for approximately 1.2% of Atlatl Advisers LLC's portfolio, making the stock its 24th largest position. Atlatl Advisers LLC's holdings in Alphabet were worth $5,084,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. EMC Capital Management bought a new position in shares of Alphabet during the 2nd quarter worth approximately $35,000. Core Capital Management & Research inc. bought a new position in Alphabet during the second quarter worth $41,000. Intelligent Financial Strategies acquired a new stake in Alphabet in the third quarter worth $41,000. Premier Financial Group acquired a new stake in Alphabet in the second quarter worth $45,000. Finally, Graney & King LLC increased its stake 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 purchasing an additional 50 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results support Alphabet’s position as a major beneficiary of enterprise AI demand. Alphabet's Cloud Business Just Doubled
• Positive Sentiment: Several analysts remain constructive after the selloff. Guggenheim and Needham reaffirmed “buy” ratings with $450 targets, while Citigroup and Wells Fargo retained bullish ratings and projected substantial upside despite lowering their targets.
• Positive Sentiment: Alphabet’s AI ecosystem could gain from rising demand for cloud capacity and specialized chips. Waymo is also expanding internationally through a partnership with Toyota, although the business remains small relative to Alphabet’s core operations. Waymo taps Toyota to supply robotaxis
• Neutral Sentiment: Multiple securities law firms publicized class-action lawsuits and lead-plaintiff deadlines tied to alleged disclosures about Alphabet’s Gemini AI development. These notices add headline risk, but their direct financial impact remains uncertain.
• Negative Sentiment: Alphabet reported adjusted earnings of $2.12 per share, below consensus near $2.94-$3.02, while revenue of $127.6 billion also missed expectations. Search and other revenue grew about 12% to roughly $63 billion, but fell short of forecasts, reinforcing fears that AI-generated answers and “AI mode” searches may monetize less effectively than traditional Search.
• Negative Sentiment: AI infrastructure spending caused free cash flow to remain negative by roughly $9.1 billion for a second consecutive quarter. Investors are questioning whether the enormous capital outlays will produce adequate returns and whether Alphabet may need additional debt or equity financing.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment reduced quarterly earnings by approximately $0.55 per share, while an EU antitrust fine further pressured results. Analysts including RBC, Wells Fargo, Citigroup, Wedbush, KeyCorp and Cantor Fitzgerald lowered price targets, even though most maintained positive ratings.

Insider Buying and Selling

In other Alphabet 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 247 shares of company stock worth $79,238 in the last three months. 11.61% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

Shares of GOOGL opened at $279.84 on Friday. The stock has a market cap of $3.42 trillion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.83 and a beta of 1.21. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.64 and a current ratio of 2.79. Alphabet Inc. has a fifty-two week low of $270.70 and a fifty-two week high of $408.61. The firm's 50-day simple moving average is $339.07 and its two-hundred day simple moving average is $340.17.

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). The company had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.96 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. Analysts anticipate that Alphabet Inc. will post 20.40 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of recent research reports. Phillip Securities upgraded Alphabet from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 27th. Wells Fargo & Company lowered their price objective on shares of Alphabet from $417.00 to $371.00 and set an "overweight" rating on the stock in a report on Friday. KeyCorp dropped their price objective on shares of Alphabet from $410.00 to $385.00 and set an "overweight" rating on the stock in a research note on Thursday. Royal Bank Of Canada decreased their price target on Alphabet from $425.00 to $400.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, Citizens Jmp lowered shares of Alphabet from a "market outperform" rating to a "hold" rating in a research note on Thursday. Five research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Alphabet currently has an average rating of "Buy" and a consensus price target of $410.46.

About Alphabet

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.

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