Alphabet Inc. $GOOG Shares Bought by Quintet Private Bank Europe S.A.

Key Points

• Quintet Private Bank Europe increased its Alphabet position by 35.1% in the third quarter, acquiring 38,467 additional shares and holding 147,958 shares valued at approximately $50.4 million.
• Alphabet reported strong quarterly results, with revenue up 24.2% year over year to $119.8 billion and EPS of $9.11, far exceeding analyst expectations. Analysts maintain a consensus “Buy” rating with an average price target of $421.95.
• Alphabet’s AI expansion is supported by enterprise Gemini adoption, Waymo’s $5 billion debt financing and new energy agreements for data centers, though rising capital spending, legal risks and execution concerns remain potential headwinds.

Quintet Private Bank Europe S.A. lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 35.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,958 shares of the information services provider's stock after acquiring an additional 38,467 shares during the quarter. Alphabet accounts for approximately 2.3% of Quintet Private Bank Europe S.A.'s portfolio, making the stock its 11th largest holding. Quintet Private Bank Europe S.A.'s holdings in Alphabet were worth $50,415,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Readystate Asset Management LP purchased a new stake in Alphabet in the 2nd quarter valued at approximately $45,352,000. Auto Owners Insurance Co lifted its holdings in shares of Alphabet by 38,409.2% in the 4th 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 buying an additional 179,369,280 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Alphabet by 76.1% in the 1st 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 during the period. State Street Corp boosted 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 buying an additional 5,208,690 shares in the last quarter. Finally, BlackRock Inc. boosted 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 buying an additional 5,164,200 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GOOG has been the subject of several research analyst reports. Sanford C. Bernstein cut their price objective on Alphabet from $390.00 to $385.00 and set a "market perform" rating for the company in a research report on Thursday, July 23rd. Moffett Nathanson cut their price target on shares of Alphabet from $380.00 to $370.00 and set a "buy" rating for the company in a report on Wednesday, September 16th. KeyCorp reiterated an "overweight" rating and issued a $435.00 price objective on shares of Alphabet in a research note on Thursday, October 1st. Roth Capital boosted their price objective on shares of Alphabet from $435.00 to $440.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Finally, Wolfe Research restated an "outperform" rating on shares of Alphabet in a research report on Thursday, August 27th. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Alphabet has a consensus rating of "Buy" and an average price target of $421.95.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Isomorphic Labs valuation could validate Alphabet’s AI portfolio. The Alphabet-backed drug-discovery startup is reportedly seeking funding at a valuation of at least $40 billion, potentially reaching $50 billion. A successful financing round could highlight the value of Alphabet’s AI assets beyond advertising and cloud services. Alphabet's Isomorphic Labs seeks valuation of at least $40 billion in new funding round
• Positive Sentiment: Waymo secured $5 billion in debt financing from Blackstone, PIMCO and Sixth Street to accelerate robotaxi expansion. The funding provides additional capital for Alphabet’s autonomous-driving unit without requiring an immediate equity contribution from the parent company. Waymo locks in $5B loan from Blackstone, PIMCO to fuel robotaxi expansion
• Positive Sentiment: Google is broadening commercial applications for Gemini and cloud. Google Cloud is deploying Gemini models with Balyasny Asset Management, while an education partnership will provide Gemini Enterprise to more than 30,000 users. These deals offer evidence of enterprise demand and potential returns on Alphabet’s substantial AI infrastructure spending. Balyasny Asset Management Deploys Gemini Models for Agentic Financial Research
• Positive Sentiment: Long-term power agreements support AI data-center expansion. Alphabet’s nuclear and utility arrangements are designed to secure reliable electricity for data centers, reducing a key bottleneck for cloud and AI growth. Its Unity gaming partnership and new AI media-authentication tools also expand Alphabet’s product ecosystem. Google and Constellation Energy sign latest nuclear energy deal
• Neutral Sentiment: Analysts remain overwhelmingly bullish. Reports cite unanimous positive coverage and price targets well above the current trading range, but some analysts warn that Alphabet’s premium valuation leaves little room for disappointing AI returns. Alphabet Price Prediction: 56 Analysts Bullish, Zero Sells
• Negative Sentiment: Shareholder litigation remains an overhang. Multiple law firms are promoting a securities class action alleging that Alphabet failed to disclose issues related to the anticipated Gemini 3.5 Pro launch and training performance. The allegations are unresolved, but they could increase legal costs and reputational risk. Alphabet Shareholder Alert
• Negative Sentiment: Execution and capital-spending risks are rising. Google was ordered to pause work on two Finnish data centers pending environmental assessments, while commentary points to negative free cash flow and higher debt as AI spending accelerates. These issues could pressure margins if AI monetization fails to keep pace with infrastructure investment. Google ordered to halt work on two data centers in Finland

Insider Buying and Selling

In related news, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The stock was 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 of the company's stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business's stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 441,399 shares of company stock worth $8,677,053 in the last ninety days. Insiders own 12.99% of the company's stock.

Alphabet Price Performance

Shares of GOOG stock traded down $1.16 during mid-day trading on Thursday, reaching $346.21. The stock had a trading volume of 6,508,782 shares, compared to its average volume of 20,389,168. The company has a market cap of $4.23 trillion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 1.00 and a beta of 1.19. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $236.68 and a 12-month high of $404.47. The business has a 50-day simple moving average of $342.92 and a 200 day simple moving average of $346.43.

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

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet's dividend payout ratio (DPR) is 4.42%.

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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