Alphabet Inc. $GOOG Shares Bought by Investment Partners LTD.

Key Points

• Investment Partners LTD. increased its Alphabet stake by 74.3% in the third quarter, adding 6,023 shares to hold 14,132 shares valued at about $4.82 million.
• Alphabet reported quarterly revenue of $127.58 billion, up 24.7% year over year, but EPS of $2.12 missed analyst expectations of $3.01.
• Analysts give Alphabet a consensus “Moderate Buy” rating and an average price target of $413.38; the company also declared a quarterly dividend of $0.22 per share.

Investment Partners LTD. grew its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 74.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 14,132 shares of the information services provider's stock after acquiring an additional 6,023 shares during the quarter. Investment Partners LTD.'s holdings in Alphabet were worth $4,815,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Alphabet by 1.4% during 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 acquiring an additional 5,164,200 shares during the last quarter. State Street Corp raised its stake in shares of Alphabet by 2.8% during 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 acquiring an additional 5,208,690 shares in the last quarter. Amundi raised its stake in shares of Alphabet by 22.9% during the first quarter. Amundi now owns 21,922,379 shares of the information services provider's stock valued at $6,288,654,000 after acquiring an additional 4,083,758 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Alphabet by 5.6% in the second quarter. Deutsche Bank AG now owns 17,313,729 shares of the information services provider's stock valued at $6,117,460,000 after purchasing an additional 913,666 shares during the period. Finally, Wellington Management Group LLP grew its stake in Alphabet by 24.9% in the second quarter. Wellington Management Group LLP now owns 17,209,454 shares of the information services provider's stock worth $6,080,616,000 after purchasing an additional 3,432,287 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Price Performance

Shares of GOOG opened at $278.27 on Wednesday. Alphabet Inc. has a twelve month low of $271.41 and a twelve month high of $404.47. The company has a 50 day moving average of $333.13 and a two-hundred day moving average of $337.67. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. The company has a market cap of $3.40 trillion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.89). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.97 billion. During the same period in the prior year, the company earned $2.87 earnings per share. The company's quarterly revenue was up 24.7% on a year-over-year basis. As a group, analysts predict that Alphabet Inc. will post 19.80 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to about $30.7 billion, and the company has a substantial backlog. A report that OpenAI is interested in buying Google’s AI chips could also help Alphabet monetize its infrastructure investment. OpenAI Wants to Buy Google AI Chips
• Positive Sentiment: Alphabet is reportedly in preliminary discussions related to the U.S. Defense Department’s Golden Dome initiative. A contract could diversify revenue and help generate returns on its AI infrastructure, though no agreement is confirmed. Alphabet’s Golden Dome Talks Could Open a New Market
• Neutral Sentiment: Google says it will make AI tools opt-in for K–12 accounts, but the changes have drawn political criticism after reports that schools restricting AI could also lose Search by default. The controversy may create reputational risk, while the effect on revenue is unclear. Google responds to political backlash over removing search from schools
• Negative Sentiment: The latest quarter’s $2.12 per-share earnings missed analyst expectations, while aggressive AI investment pushed free cash flow into negative territory. Investors are also weighing expectations for higher capital spending, which could pressure cash flow further before the investments pay off. Alphabet's Free Cash Flow Just Turned Negative
• Negative Sentiment: Several law firms publicized an existing securities class action concerning alleged disclosures about Gemini 3.5 Pro’s training results. The announcements add legal and headline risk, but are not findings of wrongdoing. Alphabet securities class action deadline notice

Insider Activity

In related news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the sale, the director directly 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 Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 247 shares of company stock worth $79,238 in the last 90 days. Corporate insiders own 12.99% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GOOG. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $350.00 target price on shares of Alphabet in a research report on Thursday, October 29th. KeyCorp reissued an "overweight" rating and set a $385.00 price target on shares of Alphabet in a research report on Thursday, October 29th. Citizens Jmp lowered Alphabet from a "mkt outperform" rating to a "market perform" rating in a research note on Thursday, October 29th. Evercore restated an "outperform" rating and issued a $435.00 price target on shares of Alphabet in a report on Thursday, October 29th. Finally, Phillip Securities raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating and lowered their price target for the stock from $450.00 to $425.00 in a research report on Monday, July 27th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and a consensus price target of $413.38.

Alphabet Company 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.

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