Alphabet Inc. $GOOG Stock Acquired by Noesis Capital Mangement Corp

Key Points

• Noesis Capital Management increased its Alphabet position by 2.8% in the third quarter to 174,753 shares valued at approximately $59.5 million, making Alphabet its largest holding. Institutional investors collectively own 27.26% of the company.
• Alphabet reported third-quarter revenue of $127.58 billion, up 24.7% year over year, but adjusted EPS of $2.12 missed analyst expectations of $3.01. The results also highlighted concerns about heavy AI infrastructure spending, weaker-than-expected search and YouTube advertising trends, and negative free cash flow.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $414.72, despite several firms lowering targets. Alphabet shares opened at $282.32, near the lower end of their one-year range.

Noesis Capital Mangement Corp grew its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 174,753 shares of the information services provider's stock after buying an additional 4,689 shares during the quarter. Alphabet accounts for about 7.1% of Noesis Capital Mangement Corp's portfolio, making the stock its largest holding. Noesis Capital Mangement Corp's holdings in Alphabet were worth $59,545,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in Alphabet by 0.8% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 117,868 shares of the information services provider's stock worth $40,162,000 after purchasing an additional 974 shares during the period. Viewpoint Investment Partners Corp lifted its stake in shares of Alphabet by 5.3% in the third quarter. Viewpoint Investment Partners Corp now owns 1,195 shares of the information services provider's stock valued at $421,000 after buying an additional 60 shares in the last quarter. Motive Wealth Advisors lifted its stake in shares of Alphabet by 4.1% in the third quarter. Motive Wealth Advisors now owns 5,026 shares of the information services provider's stock valued at $1,713,000 after buying an additional 200 shares in the last quarter. Leo Wealth LLC bought a new position in shares of Alphabet in the third quarter valued at $1,662,000. Finally, Davidson Kahn Capital Management LLC grew its holdings in shares of Alphabet by 4.0% during the third quarter. Davidson Kahn Capital Management LLC now owns 1,929 shares of the information services provider's stock valued at $657,000 after buying an additional 75 shares during the last quarter. Institutional investors own 27.26% of the company's stock.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 83 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 12.99% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered exceptional growth. Revenue more than doubled year over year to approximately $30.7 billion, operating margins expanded to about 36%, and backlog reached $561 billion. These results support the long-term case that Cloud and AI infrastructure can become major earnings drivers. Alphabet's Cloud Business Just Doubled
• Positive Sentiment: Alphabet’s custom AI-chip opportunity is expanding. New TPU 8t and 8i chips reportedly offer improved performance per dollar, while OpenAI is considering using Google TPUs and Alphabet is selling chips through third-party cloud providers. This could create a new revenue stream and reduce reliance on Nvidia. Alphabet's $250 Billion AI Chip Opportunity
• Positive Sentiment: Some analysts remain bullish on the long-term outlook. JPMorgan maintained an “overweight” rating despite reducing its price target from $425 to $375, while other commentary characterized the selloff as a potential buying opportunity.
• Neutral Sentiment: Alphabet’s revenue rose approximately 25% year over year to $127.6 billion, and search queries continued to grow. However, the market is increasingly weighing growth quality and monetization rather than query volume alone.
• Neutral Sentiment: Alphabet launched Gemini 4 Carbon, expanded AI Search advertising internationally and introduced new crypto-security tools. These initiatives may broaden future revenue sources, but their near-term financial impact remains uncertain.
• Negative Sentiment: Third-quarter EPS missed expectations. Adjusted earnings were $2.12 per share versus consensus near $3.01, while revenue also fell slightly short. An approximately $8.7 billion investment loss, largely tied to Alphabet’s SpaceX stake, further reduced reported profit. Alphabet Q3 Earnings Report
• Negative Sentiment: Search and advertising trends raised AI-cannibalization concerns. Search revenue grew about 12% but missed estimates, while AI-mode searches may generate less revenue than traditional search. YouTube advertising revenue also came in below expectations.
• Negative Sentiment: AI spending is pressuring cash generation. Capital expenditures reached roughly $51.4 billion and free cash flow was negative by about $9.1 billion, prompting concerns about debt, financial obligations and the return on massive infrastructure investments.
• Negative Sentiment: Multiple law firms announced securities-fraud class actions or lead-plaintiff deadlines related to alleged disclosures about the Gemini 3.5 Pro development timeline. The lawsuits are an additional reputational and legal overhang, though their financial impact is uncertain. Alphabet Securities Class Action Notice

Analyst Upgrades and Downgrades

Several research firms have recently commented on GOOG. Arete Research boosted their target price on shares of Alphabet from $425.00 to $450.00 in a research report on Monday, July 6th. Benchmark reaffirmed a "buy" rating on shares of Alphabet in a research report on Thursday. Oppenheimer reiterated an "outperform" rating and set a $400.00 price target (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Evercore reiterated an "outperform" rating and set a $435.00 price target on shares of Alphabet in a research note on Thursday. Finally, Freedom Capital raised Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $414.72.

Alphabet Price Performance

GOOG opened at $282.32 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The company has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 0.92 and a beta of 1.19. The firm's fifty day moving average price is $336.93 and its two-hundred day moving average price is $338.53. Alphabet Inc. has a 1 year low of $271.41 and a 1 year high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.01 by ($0.89). The firm had revenue of $127.58 billion during the quarter, compared to analysts' expectations of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 46.63%. The business's revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.87 EPS. As a group, analysts anticipate that Alphabet Inc. will post 20.60 earnings per share for the current fiscal year.

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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