Elite Wealth Management Inc. boosted its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 144.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,167 shares of the information services provider's stock after purchasing an additional 16,623 shares during the quarter. Alphabet comprises approximately 1.8% of Elite Wealth Management Inc.'s investment portfolio, making the stock its 13th largest holding. Elite Wealth Management Inc.'s holdings in Alphabet were worth $9,598,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of GOOG. M Holdings Securities Inc. raised its holdings in Alphabet by 2.3% during the third quarter. M Holdings Securities Inc. now owns 36,138 shares of the information services provider's stock worth $12,314,000 after buying an additional 801 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of Alphabet by 0.3% in the third quarter. Brighton Jones LLC now owns 215,338 shares of the information services provider's stock valued at $73,374,000 after buying an additional 542 shares in the last quarter. American State Bank Iowa lifted its stake in shares of Alphabet by 2.8% in the third quarter. American State Bank Iowa now owns 6,135 shares of the information services provider's stock valued at $2,090,000 after buying an additional 167 shares in the last quarter. Cullinan Associates Inc. grew its holdings in shares of Alphabet by 14.3% during the third quarter. Cullinan Associates Inc. now owns 135,378 shares of the information services provider's stock valued at $46,129,000 after buying an additional 16,981 shares during the last quarter. Finally, J. Derek Lewis & Associates Inc. grew its holdings in shares of Alphabet by 9.7% during the third quarter. J. Derek Lewis & Associates Inc. now owns 6,392 shares of the information services provider's stock valued at $2,178,000 after buying an additional 565 shares during the last quarter. Institutional investors own 27.26% of the company's stock.
Wall Street Analyst Weigh In
GOOG has been the subject of several recent research reports. Evercore reissued an "outperform" rating and set a $435.00 target price on shares of Alphabet in a research report on Thursday, October 29th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $325.00 price target on shares of Alphabet in a research report on Thursday, October 29th. Moffett Nathanson cut their price target on Alphabet from $380.00 to $370.00 and set a "buy" rating for the company in a research note on Wednesday, September 16th. TD Cowen reissued a "buy" rating and set a $460.00 price objective (down from $485.00) on shares of Alphabet in a report on Thursday, October 29th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $375.00 price objective on shares of Alphabet in a research note on Thursday, October 29th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $413.38.
View Our Latest Stock Report on Alphabet
Insider Buying and Selling
In related news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the sale, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 247 shares of company stock worth $79,238 in the last 90 days. Company insiders own 12.99% of the company's stock.
Alphabet Trading Up 0.7%
Shares of GOOG stock opened at $286.01 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. The company has a market capitalization of $3.50 trillion, a price-to-earnings ratio of 14.93, a PEG ratio of 0.87 and a beta of 1.21. Alphabet Inc. has a 52-week low of $271.41 and a 52-week high of $404.47. The company has a 50-day simple moving average of $328.65 and a two-hundred day simple moving average of $336.80.
Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, October 29th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.01 by ($0.89). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The firm had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.97 billion. During the same period in the prior year, the business earned $2.87 EPS. Alphabet's quarterly revenue was up 24.7% compared to the same quarter last year. Research analysts anticipate that Alphabet Inc. will post 19.80 EPS for the current fiscal year.
Alphabet Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 7th. Alphabet's dividend payout ratio (DPR) is presently 4.59%.
Key Headlines Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google introduced two new versions of its eighth-generation Tensor Processing Units (TPUs), expanding its offerings for large and sensitive AI workloads. Investors may see the chips as a way to strengthen Google Cloud and challenge Nvidia in AI infrastructure. Alphabet stock rises as Google expands AI chip lineup to challenge Nvidia
- Positive Sentiment: Google Cloud selected AMD’s fifth-generation EPYC processors to host its TPU 8tx systems. The deal supports Alphabet’s AI infrastructure plans and shows the potential for partnerships alongside its in-house chips. AMD Stock Rises On Google Cloud Deal, Wall Street Upgrade
- Neutral Sentiment: Several law firms publicized a securities class action concerning Alphabet shares bought between May 19 and July 16, 2026, with lead-plaintiff deadlines around November 30 and December 1. The claims—including alleged misrepresentation of a Gemini model launch timeline—are allegations, and the announcements do not establish wrongdoing. Alphabet Deadline Alert: Levi & Korsinsky
- Negative Sentiment: JPMorgan removed Alphabet from its Analyst Focus List, while retaining an Overweight rating, citing slower AI search monetization and heavy infrastructure spending. Those concerns could weigh on expectations for returns from Alphabet’s substantial AI investment. JPMorgan Just Removed Alphabet From Its Analyst Focus List
- Negative Sentiment: Federal safety regulators opened an investigation into Waymo robotaxis reportedly continuing to pass stopped school buses after a software fix. The probe adds regulatory and reputational risk to Alphabet’s autonomous-driving business. Waymo robotaxis kept illegally passing school buses after software fix, feds say
Alphabet Profile
(
Free Report)
Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer.
Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.
Featured Stories
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.
Before you consider Alphabet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.
While Alphabet currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead. This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Like this article? Share it with a colleague.
Link copied to clipboard.
