Alphabet Inc. $GOOG Shares Bought by Seven Mile Advisory

Key Points

• Seven Mile Advisory increased its stake in Alphabet by 34.9% in Q3, owning 20,745 shares (about $5.05 million) after buying an additional 5,372 shares.
• Alphabet beat estimates with $2.82 EPS and $113.83 billion revenue for the quarter, and analysts remain broadly positive — MarketBeat shows a consensus rating of "Buy" with a $343.90 consensus price target.
• Alphabet completed a $32 billion acquisition of Wiz and is rapidly embedding Gemini across products to drive monetization, though the large cash outlay and integration/competition risks could pressure near‑term free cash flow.

Seven Mile Advisory grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 34.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,745 shares of the information services provider's stock after purchasing an additional 5,372 shares during the period. Seven Mile Advisory's holdings in Alphabet were worth $5,052,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Robinson Smith Wealth Advisors LLC lifted its stake in Alphabet by 1.8% during the third quarter. Robinson Smith Wealth Advisors LLC now owns 2,070 shares of the information services provider's stock valued at $504,000 after purchasing an additional 36 shares during the last quarter. Searle & CO. grew its position in Alphabet by 0.6% in the third quarter. Searle & CO. now owns 5,703 shares of the information services provider's stock worth $1,389,000 after buying an additional 36 shares during the last quarter. Navellier & Associates Inc. increased its holdings in shares of Alphabet by 0.6% in the third quarter. Navellier & Associates Inc. now owns 5,846 shares of the information services provider's stock valued at $1,424,000 after buying an additional 36 shares in the last quarter. BankPlus Wealth Management LLC increased its holdings in shares of Alphabet by 1.2% in the third quarter. BankPlus Wealth Management LLC now owns 3,143 shares of the information services provider's stock valued at $766,000 after buying an additional 37 shares in the last quarter. Finally, Activest Wealth Management lifted its position in shares of Alphabet by 0.5% during the 3rd quarter. Activest Wealth Management now owns 7,997 shares of the information services provider's stock valued at $1,948,000 after acquiring an additional 38 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Guggenheim reissued a "buy" rating and set a $375.00 price objective on shares of Alphabet in a research note on Monday, December 1st. Scotiabank reaffirmed an "outperform" rating and set a $400.00 target price (up from $375.00) on shares of Alphabet in a research report on Thursday, February 5th. Wells Fargo & Company raised Alphabet from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. Canaccord Genuity Group increased their price target on Alphabet from $330.00 to $390.00 and gave the company a "buy" rating in a research report on Wednesday, January 7th. Finally, TD Cowen reissued a "buy" rating and issued a $365.00 price target (up from $355.00) on shares of Alphabet in a research note on Thursday, February 5th. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $343.90.

Alphabet Trading Down 1.7%

NASDAQ GOOG opened at $303.21 on Friday. The firm's 50 day moving average price is $319.64 and its two-hundred day moving average price is $289.11. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $350.15. The stock has a market cap of $3.67 trillion, a price-to-earnings ratio of 28.05, a PEG ratio of 1.81 and a beta of 1.10.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.23. The company had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The company's revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.15 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. Alphabet's dividend payout ratio is currently 7.77%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet closed its largest‑ever acquisition, buying cybersecurity firm Wiz for $32 billion — a move that strengthens Google Cloud’s security offering and could help accelerate enterprise cloud adoption. Google completes $32B acquisition of Wiz
• Positive Sentiment: Alphabet continues to monetize AI across products: Gemini is being added to Google Maps (“Ask Maps”) and Workspace (Docs/Sheets/Slides/Drive), which can drive engagement and incremental ad/cloud revenue over time. Google Adds Gemini AI to Google Maps
• Positive Sentiment: Google cut Android developer fees and expanded billing options, resolving a long dispute with Epic and enabling Fortnite’s return to the Play Store — a signal that policy changes may improve Play Store monetization and developer relations. Google App Store Brings Back Fortnite, Changes Fee Structure
• Neutral Sentiment: Alphabet is combining its GFiber unit with Astound Broadband, retaining a minority stake while Stonepeak becomes majority owner — this monetizes a capital‑intensive asset but limits future control/returns. Google sells partial stake in fiber business
• Neutral Sentiment: Analyst and institutional backdrop remains supportive: multiple upgrades, a large buy consensus and continued inflows help underpin the longer‑term case even as the stock retraces; MarketBeat/analysis note $300 area as key technical support. Alphabet pullback and analyst coverage
• Neutral Sentiment: Short‑interest reports in recent feeds show zero or inconsistent figures (likely data anomalies), so don’t read too much into the reported “spike” — short interest appears not to be a driver today.
• Negative Sentiment: Regulatory and legal risks: UK regulator pressure to protect children online and ongoing AI‑related legal/competitive noise (lawsuits mentioned around Gemini) add headline risk that can pressure multiples for large tech names. Big tech warned to protect children online
• Negative Sentiment: Sizeable cash outlay for Wiz and heightened competition from other AI/cloud players mean investors may be cautious about near‑term free‑cash flow and integration risk despite strategic rationale. Google completes $32B purchase of Wiz

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 600 shares of the company's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $306.73, for a total value of $184,038.00. Following the transaction, the director owned 20,624 shares in the company, valued at $6,325,999.52. This represents a 2.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frances Arnold sold 112 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $302.99, for a total transaction of $33,934.88. Following the completion of the sale, the director directly owned 18,418 shares of the company's stock, valued at $5,580,469.82. This trade represents a 0.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 2,112,493 shares of company stock worth $118,605,094. 12.99% of the stock is currently owned by company insiders.

Alphabet Company Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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