Alphabet Inc. $GOOG Shares Bought by Fifth Third Wealth Advisors LLC

Key Points

• Fifth Third Wealth Advisors increased its Alphabet position by 5.3% in the third quarter, adding 5,895 shares for a total of 117,785 shares valued at approximately $40.1 million. Institutional investors and hedge funds own 27.26% of Alphabet.
• Wall Street remains broadly bullish: Alphabet has an average “Buy” rating and a consensus price target of $421.85, supported by expectations for growth in Google Cloud, advertising and artificial intelligence.
• Alphabet shares opened at $314.19, below their 50-day and 200-day moving averages. Investors are focused on upcoming results, including Search performance, Cloud margins, Gemini monetization and the impact of elevated AI infrastructure spending on profitability.

Fifth Third Wealth Advisors LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,785 shares of the information services provider's stock after buying an additional 5,895 shares during the quarter. Alphabet accounts for 1.0% of Fifth Third Wealth Advisors LLC's investment portfolio, making the stock its 17th largest position. Fifth Third Wealth Advisors LLC's holdings in Alphabet were worth $40,134,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Castlekeep Investment Advisors LLC purchased a new position in Alphabet during the second quarter valued at $29,000. Timbuktu Capital Management LLC purchased a new position in Alphabet during the second quarter valued at $46,000. Robinswood Financial LLC acquired a new stake in shares of Alphabet in the first quarter valued at about $57,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of Alphabet in the second quarter valued at about $86,000. Finally, Harborfront Financial Group LLC acquired a new stake in shares of Alphabet in the second quarter valued at about $89,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frances Arnold sold 83 shares of the stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the sale, the director owned 19,076 shares of the company's stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 696 shares of company stock worth $232,894. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GOOG shares. DZ Bank raised shares of Alphabet from a "buy" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. HSBC set a $515.00 price target on shares of Alphabet in a research report on Friday, August 14th. Phillip Securities raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating and decreased their price target for the company from $450.00 to $425.00 in a research note on Monday, July 27th. Raymond James Financial reiterated a "strong-buy" rating on shares of Alphabet in a report on Thursday, July 23rd. Finally, China Renaissance lowered their price objective on Alphabet from $485.00 to $445.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $421.85.

Alphabet Stock Down 1.0%

NASDAQ GOOG opened at $314.19 on Tuesday. The business has a fifty day moving average price of $339.58 and a 200 day moving average price of $338.81. Alphabet Inc. has a one year low of $264.94 and a one year high of $404.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The company has a market cap of $3.84 trillion, a P/E ratio of 15.78, a P/E/G ratio of 0.91 and a beta of 1.19.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google Cloud business remains a major growth driver. Cloud revenue reportedly grew 82% in the second quarter, while its backlog reached approximately $514 billion. Anthropic’s IPO filing also disclosed roughly $114.5 billion in non-cancelable cloud commitments with Alphabet, potentially providing substantial long-term revenue visibility. Alphabet Has $514 Billion in Cloud Orders
• Positive Sentiment: Analysts and investment managers continue to identify Alphabet as a potential leader in AI assistants, with growth prospects supported by resilient advertising, Google Cloud expansion and increasing Gemini adoption. Some long-term forecasts anticipate significant earnings growth over the next five years. Alphabet Stock: 3 Reasons Why GOOGL Is a Buy
• Neutral Sentiment: Alphabet’s upcoming quarterly results are the central near-term catalyst. Investors are focused on Search growth, Google Cloud margins, Gemini monetization and management’s capital-expenditure outlook. The stock has historically moved inconsistently after earnings, increasing the risk of a sharp reaction in either direction. Expected Alphabet Earnings Move
• Neutral Sentiment: Anthropic’s IPO filing supports demand for Alphabet’s cloud infrastructure, but it also highlights the cost of serving AI customers. Investors will need evidence that heavy data-center investment can translate into expanding cloud margins and free cash flow.
• Negative Sentiment: Investors remain concerned that elevated AI infrastructure spending could pressure margins and free cash flow, similar to the negative market reaction following Alphabet’s second-quarter results. Competition from Amazon, Microsoft, Meta and Anthropic adds to uncertainty around returns on AI investment.
• Negative Sentiment: Several law firms publicized securities-fraud class actions alleging Alphabet misled investors about AI progress during the May 19–July 16 period. Although the announcements do not establish liability, the repeated legal headlines add reputational and potential financial risk. Alphabet Securities Class Action Deadline

Alphabet Profile

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google's principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through 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.