Alphabet Inc. $GOOG Shares Newly Bought by Independence Wealth Advisors LLC

Key Points

• Independence Wealth Advisors initiated a position in Alphabet, buying 3,867 shares worth about $1.32 million in the third quarter. The stock represents roughly 0.6% of the firm’s portfolio.
• Other institutional investors also increased their holdings, and institutional investors collectively own 27.26% of Alphabet’s shares.
• Alphabet’s latest quarterly results missed analyst expectations for EPS and revenue, although revenue grew 24.7% year over year. Analysts hold a consensus “Moderate Buy” rating with an average price target of $413.38.

Independence Wealth Advisors LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,867 shares of the information services provider's stock, valued at approximately $1,318,000. Alphabet accounts for about 0.6% of Independence Wealth Advisors LLC's portfolio, making the stock its 29th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. One Way Holdings LLC raised its stake in Alphabet by 26.6% in the 3rd quarter. One Way Holdings LLC now owns 6,076 shares of the information services provider's stock valued at $2,070,000 after purchasing an additional 1,275 shares during the last quarter. Welch Group LLC lifted its position in Alphabet by 16.8% during the third quarter. Welch Group LLC now owns 15,791 shares of the information services provider's stock worth $5,381,000 after buying an additional 2,276 shares in the last quarter. Trek Financial LLC boosted its position in shares of Alphabet by 8.6% during the 3rd quarter. Trek Financial LLC now owns 25,441 shares of the information services provider's stock valued at $8,669,000 after acquiring an additional 2,014 shares during the last quarter. True Freedom Investing LLC grew its stake in shares of Alphabet by 0.9% in the 3rd quarter. True Freedom Investing LLC now owns 11,736 shares of the information services provider's stock valued at $3,999,000 after buying an additional 101 shares during the period. Finally, Hollow Brook Wealth Management LLC lifted its holdings in Alphabet by 3.0% in the third quarter. Hollow Brook Wealth Management LLC now owns 11,568 shares of the information services provider's stock valued at $3,942,000 after acquiring an additional 333 shares during 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 $287.30 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69. Alphabet Inc. has a 1-year low of $271.41 and a 1-year high of $404.47. The stock has a market cap of $3.51 trillion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21. The firm has a fifty day moving average price of $332.01 and a 200 day moving average price of $337.44.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data 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 return on equity of 43.33% and a net margin of 50.03%. The firm had revenue of $127.58 billion for the quarter, compared to analysts' expectations of $127.97 billion. During the same period in the previous year, the business posted $2.87 EPS. The business's revenue for the quarter was up 24.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alphabet Inc. will post 19.80 EPS for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet's dividend payout ratio (DPR) is currently 4.59%.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several research reports. Roth Capital lifted their target price on shares of Alphabet from $435.00 to $440.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Evercore reiterated an "outperform" rating and issued a $435.00 price target on shares of Alphabet in a research note on Thursday, October 29th. DA Davidson dropped their price objective on Alphabet from $375.00 to $350.00 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. Piper Sandler reissued an "overweight" rating and set a $345.00 target price on shares of Alphabet in a research report on Thursday, October 29th. Finally, KeyCorp restated an "overweight" rating and set a $385.00 target price on shares of Alphabet in a research note on Thursday, October 29th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $413.38.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI momentum: A venture-capital investor ranked Alphabet’s Gemini as the leading AI model, supporting optimism about the company’s ability to compete in AI and potentially attract usage and spending. Top VC: The Best AI Models Take “80% Plus” of Spend. And Alphabet’s Gemini Just Ranked No. 1
• Positive Sentiment: Long-term infrastructure growth: Google plans to invest $15 billion in Malaysia over two years to expand data-center capacity and support regional AI and cloud demand. The investment could help grow future revenue, though it adds to near-term capital needs. Google to Invest $15 Billion in Malaysia Over Two Years
• Neutral Sentiment: Election-driven rally: Reports attributed the rebound in Alphabet and other mega-cap technology shares to a broad post-election market rally. The result may have eased some near-term concern about data-center policy, although regulatory uncertainty remains. Why Alphabet Stock Popped on Wednesday
• Negative Sentiment: Heavy AI investment weighs on cash flow: Recent coverage highlighted declining free cash flow and rising infrastructure costs, tempering the growth story. Investors remain focused on whether cloud and AI returns will justify the spending. Alphabet's Free Cash Flow Is Declining Faster Than Analysts Expected
• Negative Sentiment: School Search policy backlash and litigation: Google’s plan tying school access to Search with AI settings drew criticism from politicians and prompted competing search services to target schools. Separately, a securities class action alleges investors were misled about Gemini 3.5 Pro’s progress; the claims are allegations, but add legal and reputational uncertainty. Google faces backlash for plan that would turn off Search for schools that restrict AI

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the transaction, the director owned 19,076 shares of the company's stock, valued at $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 247 shares of company stock worth $79,238. Company insiders own 12.99% of the company's stock.

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.

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