Alphabet Inc. $GOOG Shares Acquired by Professional Advisory Services Inc.

Key Points

• Professional Advisory Services Inc. increased its Alphabet stake by 4.1% in the third quarter, purchasing 4,696 additional shares for a total of 118,368 shares valued at approximately $40.3 million.
• Institutional ownership remains significant, with hedge funds and other institutions holding 27.26% of Alphabet’s stock; major holders including BlackRock and State Street also increased their positions.
• Analyst sentiment is broadly positive, with Alphabet receiving a consensus “Buy” rating and an average price target of $421.95. The company also reported quarterly revenue growth of 24.2% and earnings that exceeded estimates.

Professional Advisory Services Inc. increased its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 118,368 shares of the information services provider's stock after buying an additional 4,696 shares during the period. Alphabet accounts for 4.7% of Professional Advisory Services Inc.'s portfolio, making the stock its 4th largest holding. Professional Advisory Services Inc.'s holdings in Alphabet were worth $40,333,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Readystate Asset Management LP bought a new position in shares of Alphabet during the 2nd quarter valued at $45,352,000. Auto Owners Insurance Co increased its position in 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 worth $5,643,262,000 after buying an additional 179,369,280 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in 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 buying an additional 6,300,900 shares in the last quarter. State Street Corp lifted its position 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 worth $67,458,980,000 after buying an additional 5,208,690 shares during the last quarter. Finally, BlackRock Inc. lifted its position 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 worth $130,704,718,000 after buying an additional 5,164,200 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of recent analyst reports. Citic Securities raised their price objective on Alphabet from $430.00 to $434.00 and gave the company a "buy" rating in a research note on Monday, July 27th. China Renaissance dropped their price target on shares of Alphabet from $485.00 to $445.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Truist Financial decreased their price objective on shares of Alphabet from $430.00 to $420.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. Citigroup reiterated a "market outperform" rating on shares of Alphabet in a report on Friday, August 14th. Finally, Stifel Nicolaus set a $485.00 price target on shares of Alphabet in a report on Thursday. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Alphabet has a consensus rating of "Buy" and an average price target of $421.95.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Gemini agent launch strengthens Alphabet’s enterprise AI position. Google introduced an agentic Gemini assistant that can complete tasks across workplace applications, increasing its competitive challenge to Microsoft and OpenAI and potentially supporting Google Cloud and Workspace growth. Google brings agentic AI to Gemini
• Positive Sentiment: AI infrastructure and adjacent businesses continue to expand. Alphabet-backed Waymo secured $5 billion in debt financing to accelerate robotaxi expansion, while Isomorphic Labs is reportedly seeking funding at a valuation of $40 billion to $50 billion. These developments highlight potential value in Alphabet’s nonadvertising businesses. Waymo $5 billion loan
• Positive Sentiment: Long-term power deals support data-center expansion. Alphabet is financing a $1.8 billion Black Hills project in Wyoming and has agreed to a long-term nuclear power arrangement with Constellation Energy. Securing dedicated electricity could reduce a major bottleneck for AI and cloud capacity. Alphabet Black Hills power deal
• Positive Sentiment: Analyst sentiment remains broadly favorable. Reports point to Alphabet’s comparatively modest valuation, accelerating revenue growth, and expectations that the stock can recover toward prior highs. Its Google-Unity AI gaming partnership also creates a potential new creator and platform ecosystem. Alphabet analyst sentiment

Insider Buying and Selling at Alphabet

In other Alphabet 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 sale, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the sale, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 441,399 shares of company stock valued at $8,677,053 in the last quarter. Corporate insiders own 12.99% of the company's stock.

Alphabet Price Performance

Shares of Alphabet stock opened at $344.86 on Friday. 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 Inc. has a fifty-two week low of $236.68 and a fifty-two week high of $404.47. The firm has a fifty day moving average price of $343.14 and a two-hundred day moving average price of $346.75. The company has a market cap of $4.22 trillion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 1.01 and a beta of 1.19.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $6.24. The company had revenue of $119.80 billion for 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 business's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.31 EPS. Analysts expect that Alphabet Inc. will post 20.55 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet's payout ratio is currently 4.42%.

About Alphabet

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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