Alphabet Inc. $GOOG Shares Acquired by Kwmg LLC

Key Points

• Kwmg LLC more than doubled its Alphabet stake in the third quarter, acquiring 4,429 additional shares for a total of 8,609 shares valued at approximately $2.93 million. Institutional investors and hedge funds collectively own 27.26% of Alphabet.
• Alphabet reported strong quarterly results, with revenue up 24.2% year over year and earnings well above consensus estimates. Analysts maintain a consensus “Buy” rating with an average price target of $420.07.
• Alphabet’s AI expansion is supported by a long-term nuclear-power agreement for its data centers and a new AI gaming partnership with Unity, though data-center permitting delays and ongoing antitrust litigation remain risks.

Kwmg LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 106.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,609 shares of the information services provider's stock after buying an additional 4,429 shares during the period. Kwmg LLC's holdings in Alphabet were worth $2,933,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GOOG. Readystate Asset Management LP bought a new stake in shares of Alphabet in the 2nd quarter worth approximately $45,352,000. Auto Owners Insurance Co increased its position in shares of Alphabet by 38,409.2% during the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider's stock valued at $5,643,262,000 after purchasing an additional 179,369,280 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Alphabet by 76.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 14,581,870 shares of the information services provider's stock valued at $4,182,952,000 after purchasing an additional 6,300,900 shares during the period. State Street Corp raised its stake in shares of Alphabet by 2.8% in the second quarter. State Street Corp now owns 190,923,442 shares of the information services provider's stock valued at $67,458,980,000 after purchasing an additional 5,208,690 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Alphabet by 1.4% in the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock valued at $130,704,718,000 after purchasing an additional 5,164,200 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet and Constellation Energy agreed to long-term nuclear-power arrangements supporting roughly 3,590 megawatts for Google’s data centers. The agreement strengthens Alphabet’s ability to secure reliable electricity for AI infrastructure and signals confidence in sustained AI demand. Google and Constellation nuclear agreement
• Positive Sentiment: Google is partnering with Unity on an AI-powered game-creation platform that could expand the reach of Google AI and create new engagement opportunities across its ecosystem. The announcement also highlights Alphabet’s broader push to commercialize AI beyond Search and Cloud. Google and Unity AI gaming partnership
• Positive Sentiment: Analyst and investor commentary remains broadly bullish, citing resilient Search advertising, rapid Cloud growth, strong profitability and a comparatively modest valuation. Reported price targets generally range from approximately $416 to $450, above recent trading levels. Alphabet price target commentary
• Neutral Sentiment: Alphabet launched SynthID, a public tool for identifying AI-generated images, video and audio. The product may support trust and safety initiatives, although near-term revenue impact is unclear. Google SynthID website
• Negative Sentiment: Construction on two Google data centers in Finland was ordered halted pending environmental-impact assessments, creating potential delays and highlighting permitting risks for Alphabet’s capital-intensive AI expansion. Google Finland data center halt
• Negative Sentiment: Alphabet continues to face securities-fraud and Play Store antitrust litigation tied to alleged disclosures about Gemini development and app-store fees. The lawsuits may increase legal costs, damages exposure and regulatory uncertainty, though the repeated law-firm announcements do not represent new judgments against the company. Alphabet Play Store antitrust lawsuit

Alphabet Price Performance

Shares of GOOG traded down $0.61 during trading hours on Wednesday, hitting $343.98. The stock had a trading volume of 5,890,546 shares, compared to its average volume of 20,433,744. The stock has a market capitalization of $4.21 trillion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 1.00 and a beta of 1.19. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The company's fifty day moving average is $342.68 and its two-hundred day moving average is $346.13. Alphabet Inc. has a 52 week low of $236.68 and a 52 week high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $6.24. The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm's quarterly revenue was up 24.2% on a year-over-year basis. During the same period last year, the firm posted $2.31 EPS. On average, analysts anticipate that Alphabet Inc. will post 20.55 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were issued 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 dividend payout ratio (DPR) is presently 4.42%.

Insider Activity

In related news, Director Frances Arnold sold 83 shares of the firm's 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 completion of the sale, the director directly owned 19,076 shares of the company's stock, 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 at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction on Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 441,399 shares of company stock worth $8,677,053. Insiders own 12.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. DZ Bank upgraded shares of Alphabet from a "buy" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. Citic Securities raised their price objective on shares of Alphabet from $430.00 to $434.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Jefferies Financial Group reiterated a "buy" rating on shares of Alphabet in a research report on Monday, August 3rd. Royal Bank Of Canada reissued a "buy" rating and issued a $475.00 price target on shares of Alphabet in a research report on Thursday, July 23rd. Finally, HSBC set a $515.00 price objective on Alphabet in a report on Friday, August 14th. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $420.07.

Alphabet Company 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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