Alphabet Inc. $GOOG Stock: Bokf Na Decreases Stake

Key Points

• Bokf Na reduced its Alphabet stake by 7.2% in the third quarter, selling 17,422 shares and retaining 225,561 shares valued at approximately $76.9 million. Institutional investors collectively own 27.26% of Alphabet.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $413.54, despite some target-price reductions.
• Alphabet’s latest quarter showed 24.7% year-over-year revenue growth but missed EPS and revenue estimates; the company also declared a quarterly dividend of $0.22 per share, equivalent to a 0.3% annual yield.

Bokf Na reduced its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 7.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 225,561 shares of the information services provider's stock after selling 17,422 shares during the quarter. Alphabet comprises 1.1% of Bokf Na's holdings, making the stock its 14th largest holding. Bokf Na's holdings in Alphabet were worth $76,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Hanseatic Management Services Inc. increased its position in shares of Alphabet by 2.4% during the third quarter. Hanseatic Management Services Inc. now owns 4,639 shares of the information services provider's stock valued at $1,581,000 after buying an additional 110 shares during the period. Transmarket Holdings LP purchased a new position in shares of Alphabet in the 3rd quarter valued at $855,000. Pinnacle Wealth Planning Services Inc. grew its stake in Alphabet by 41.0% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 24,924 shares of the information services provider's stock valued at $8,493,000 after purchasing an additional 7,251 shares during the last quarter. North Dakota State Investment Board raised its position in shares of Alphabet by 3.9% in the third quarter. North Dakota State Investment Board now owns 145,630 shares of the information services provider's stock worth $49,622,000 after acquiring an additional 5,448 shares during the period. Finally, North Star Investment Management Corp. boosted its stake in Alphabet by 0.8% during the 3rd quarter. North Star Investment Management Corp. now owns 36,578 shares of the information services provider's stock worth $12,464,000 after purchasing an additional 290 shares during the last quarter. Institutional investors own 27.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Truist Financial set a $410.00 target price on shares of Alphabet in a report on Thursday. Roth Capital boosted their price objective on shares of Alphabet from $435.00 to $440.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Morgan Stanley reaffirmed an "overweight" rating and set a $375.00 price target on shares of Alphabet in a report on Thursday. Susquehanna reiterated a "positive" rating and set a $400.00 target price on shares of Alphabet in a research report on Thursday. Finally, New Street Research cut their target price on Alphabet from $455.00 to $405.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $413.54.

Alphabet Price Performance

Alphabet stock opened at $278.22 on Monday. Alphabet Inc. has a fifty-two week low of $271.41 and a fifty-two week high of $404.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. The stock has a 50-day simple moving average of $335.73 and a 200-day simple moving average of $338.25. The company has a market capitalization of $3.40 trillion, a P/E ratio of 14.52, a PEG ratio of 0.83 and a beta of 1.19.

Alphabet (NASDAQ:GOOG - Get Free Report) last released 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 company had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The firm's quarterly revenue was up 24.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.87 EPS. Equities research analysts expect that Alphabet Inc. will post 19.99 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be given 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 is Monday, December 7th. Alphabet's dividend payout ratio is currently 4.59%.

Key Headlines Impacting Alphabet

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, while operating margins expanded and the backlog reached roughly $561 billion. This supports the view that Alphabet’s AI investments are generating demand. Alphabet Cloud Business Article
• Positive Sentiment: Alphabet’s AI platform may create new revenue streams. OpenAI reportedly plans to use Google’s tensor-processing units, while Gemini performance and expanding AI Search advertising could help Alphabet compete in the AI infrastructure market. Analysts including Goldman Sachs and JPMorgan remain constructive, despite lowering price targets. OpenAI Google AI Chips Article
• Positive Sentiment: Valuation has become more attractive. Reports place GOOG’s price-to-earnings ratio near 14.6, the lowest level in many years, prompting some investors to characterize the selloff as a potential long-term buying opportunity. Google Valuation Article
• Neutral Sentiment: Waymo is expanding internationally. Alphabet’s autonomous-driving unit will test Toyota bZ4X robotaxis in Japan and the U.K., but the business remains small and cash-burning. Waymo Toyota Partnership Article
• Negative Sentiment: Quarterly results missed expectations. Alphabet reported approximately $2.12 in earnings per share and $127.6 billion in revenue, below consensus forecasts. Search revenue grew but missed estimates, and AI-powered searches are reportedly harder to monetize than traditional searches. Alphabet Search Earnings Article
• Negative Sentiment: AI spending is straining cash flow. Capital expenditures and infrastructure commitments pushed free cash flow approximately $9 billion negative for the quarter, raising concerns about returns on Alphabet’s enormous AI investment program and potential financing or dilution. Tech Giants AI Spending Article
• Negative Sentiment: Additional earnings pressure came from investments and legal risk. An unrealized loss on Alphabet’s SpaceX stake reduced earnings, while multiple law firms publicized securities class-action deadlines tied to alleged AI disclosures. These lawsuits are largely investor notices, but they add reputational and headline risk. Alphabet Class Action Notice

Insider Activity

In other news, Director Frances Arnold sold 83 shares of the 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 owned 19,076 shares of the company's stock, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 247 shares of company stock valued at $79,238. 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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