Alphabet Inc. $GOOG Shares Acquired by Cullinan Associates Inc.

Key Points

• Cullinan Associates increased its Alphabet stake by 14.3% in the third quarter, adding 16,981 shares to hold 135,378 shares valued at about $46.1 million.
• Alphabet is expanding its AI infrastructure, unveiling two new Tensor Processing Unit versions and partnering with AMD to supply processors for its TPU systems; JPMorgan cited slower AI-search monetization and high infrastructure spending as concerns.
• Alphabet’s latest quarterly results missed analyst expectations for both earnings per share and revenue, despite revenue growing 24.7% year over year.

Cullinan Associates Inc. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 14.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,378 shares of the information services provider's stock after buying an additional 16,981 shares during the period. Alphabet accounts for approximately 3.5% of Cullinan Associates Inc.'s portfolio, making the stock its 5th largest holding. Cullinan Associates Inc.'s holdings in Alphabet were worth $46,129,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GOOG. Providence Wealth Advisors LLC lifted its stake in Alphabet by 0.3% in the 1st quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider's stock worth $3,094,000 after purchasing an additional 29 shares in the last quarter. One Charles Private Wealth Services LLC grew its position in shares of Alphabet by 0.6% during the 1st quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider's stock valued at $1,390,000 after purchasing an additional 29 shares in the last quarter. Wisconsin Wealth Advisors LLC grew its position in shares of Alphabet by 1.3% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider's stock valued at $785,000 after purchasing an additional 29 shares in the last quarter. Cypress Financial Planning LLC grew its position in shares of Alphabet by 1.3% during the 3rd quarter. Cypress Financial Planning LLC now owns 2,198 shares of the information services provider's stock valued at $749,000 after purchasing an additional 29 shares in the last quarter. Finally, Johnson Wealth Management LLC increased its holdings in shares of Alphabet by 1.7% in the second quarter. Johnson Wealth Management LLC now owns 1,842 shares of the information services provider's stock worth $651,000 after purchasing an additional 30 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet News Summary

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 Price Performance

GOOG stock opened at $286.01 on Tuesday. Alphabet Inc. has a 1 year low of $271.41 and a 1 year high of $404.47. The company has a market cap of $3.50 trillion, a P/E ratio of 14.93, a PEG ratio of 0.87 and a beta of 1.21. The firm has a 50-day moving average of $328.65 and a 200 day moving average of $336.80. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $127.58 billion during the quarter, compared to analysts' expectations of $127.97 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The business's quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the business earned $2.87 earnings per share. On average, sell-side analysts forecast that Alphabet Inc. will post 19.80 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 7th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet's dividend payout ratio is currently 4.59%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Bank of America reissued a "buy" rating on shares of Alphabet in a research note on Thursday, October 29th. DA Davidson decreased their price objective on shares of Alphabet from $375.00 to $350.00 and set a "neutral" rating on the stock in a research report on Thursday, July 23rd. New Street Research decreased their price objective on shares of Alphabet from $455.00 to $405.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Roth Capital upped their price objective on shares of Alphabet from $435.00 to $440.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Finally, HSBC set a $515.00 target price on shares of Alphabet in a report on Friday, August 14th. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus target price of $413.38.

Insider Activity

In other news, Director Frances Arnold sold 83 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director owned 19,076 shares in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 247 shares of company stock valued at $79,238. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Company Profile

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.

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG - Free Report).

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.