Alphabet Inc. $GOOG Stock Bought by BG Investment Services LLC

Key Points

• BG Investment Services LLC increased its Alphabet stake by 5,778.7% during the third quarter, ending with 98,115 shares worth approximately $34.7 million. Alphabet now represents 5.2% of the fund’s portfolio, while institutional investors collectively own 27.26% of the stock.
• Alphabet’s latest results were mixed: revenue rose 24.7% year over year to $127.58 billion, but EPS of $2.12 missed the $3.01 consensus. Google Cloud growth and AI investment remain strong, though heavy capital spending and negative free cash flow raised concerns about profitability.
• Analysts remain broadly bullish, with a consensus “Buy” rating and a $421.85 price target. The stock opened at $321.89, below its 52-week high of $404.47.

BG Investment Services LLC raised its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5,778.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 98,115 shares of the information services provider's stock after acquiring an additional 96,446 shares during the period. Alphabet makes up 5.2% of BG Investment Services LLC's portfolio, making the stock its 2nd largest holding. BG Investment Services LLC's holdings in Alphabet were worth $34,687,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Morton Capital Management LLC CA lifted its stake in shares of Alphabet by 3.5% in the 3rd quarter. Morton Capital Management LLC CA now owns 8,870 shares of the information services provider's stock valued at $3,022,000 after purchasing an additional 301 shares during the last quarter. McGuire Investment Group LLC increased its position in shares of Alphabet by 24.5% during the 3rd quarter. McGuire Investment Group LLC now owns 2,570 shares of the information services provider's stock valued at $876,000 after purchasing an additional 505 shares during the last quarter. Citizens Financial Group Inc. RI increased its position in shares of Alphabet by 5.8% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 271,465 shares of the information services provider's stock valued at $92,499,000 after purchasing an additional 14,842 shares during the last quarter. Anderson Hoagland & Co. raised its holdings in Alphabet by 0.6% during the 3rd quarter. Anderson Hoagland & Co. now owns 13,109 shares of the information services provider's stock valued at $4,205,000 after buying an additional 77 shares during the period. Finally, Simplicity Wealth LLC raised its holdings in Alphabet by 13.3% during the 3rd quarter. Simplicity Wealth LLC now owns 54,191 shares of the information services provider's stock valued at $18,465,000 after buying an additional 6,358 shares during the period. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud growth accelerated sharply. Cloud revenue more than doubled to approximately $30.7 billion, reflecting strong enterprise demand and supporting the view that Alphabet’s AI investments are generating substantial revenue. Google Cloud Revenue Just Grew 103%, so Why Is the Stock Falling?
• Positive Sentiment: AI products and infrastructure offer longer-term upside. Alphabet launched its Gemini 4 Carbon model, expanded AI Search advertising internationally and reportedly attracted interest from OpenAI in its internally developed TPU chips. One analyst described the post-earnings pullback as a potential buying opportunity. Google's post-earnings stock pullback could be a buying opportunity
• Neutral Sentiment: Revenue remained solid but the mix was concerning. Total revenue rose 25% to about $127.6 billion, close to expectations, while YouTube advertising increased 9%. However, investors are increasingly focused on whether AI-driven businesses can offset slowing growth in Google’s core Search advertising franchise. Google Shares Fall as Ad Revenue Misses Estimates
• Negative Sentiment: Profitability and cash flow disappointed. Third-quarter EPS of $2.12 missed consensus estimates near $3.00 and fell from $2.87 a year earlier, partly due to an approximately $8.7 billion investment loss. Capital expenditures reached roughly $51.4 billion, while free cash flow turned negative as Alphabet expanded data-center capacity and hired AI talent. The heavy spending raised concerns that AI returns may take longer to materialize. Alphabet's heavy cloud spending drives bigger-than-expected cash burn
• Negative Sentiment: Regulatory and legal risks remain secondary overhangs. South Korean authorities fined Google over alleged app-market practices, while multiple law firms publicized securities litigation tied to alleged disclosures about Gemini development. These issues were less important than earnings but could add longer-term uncertainty. South Korea fines Google and Apple over unfair app market practices

Analyst Upgrades and Downgrades

GOOG has been the subject of several analyst reports. Stifel Nicolaus set a $485.00 target price on shares of Alphabet in a report on Thursday, October 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of Alphabet in a report on Thursday, October 15th. TD Cowen reissued a "buy" rating and issued a $485.00 price objective (up from $475.00) on shares of Alphabet in a research report on Thursday, October 8th. Royal Bank Of Canada reissued a "buy" rating and issued a $475.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company set a $417.00 target price on Alphabet and gave the company an "overweight" rating in a research report on Tuesday, October 6th. Six analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $421.85.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 83 shares of Alphabet 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Up 1.6%

NASDAQ:GOOG opened at $321.89 on Thursday. Alphabet Inc. has a twelve month low of $268.43 and a twelve month high of $404.47. The company has a market cap of $3.94 trillion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19. The stock has a fifty day simple moving average of $338.12 and a 200-day simple moving average of $338.76. 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 (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing analysts' consensus estimates of $3.01 by ($0.89). The company had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.97 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Alphabet's revenue was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.87 earnings per share. Analysts anticipate that Alphabet Inc. will post 20.60 EPS for the current year.

About Alphabet

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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