Alphabet Inc. $GOOG Stock Bought by Oppenheimer & Co. Inc.

Key Points

• Oppenheimer increased its Alphabet stake by 2.9% in the third quarter, adding 13,333 shares to reach 473,492 shares valued at approximately $161.3 million. Institutional investors and hedge funds collectively own 27.26% of Alphabet.
• Alphabet’s quarterly results missed expectations, with earnings per share of $2.12 versus a $3.01 consensus and revenue of $127.58 billion versus $127.97 billion expected. Despite strong Google Cloud growth and AI demand, heavy AI infrastructure spending pushed quarterly free cash flow approximately $9 billion negative.
• GOOG traded near $278, with a price-to-earnings ratio of 14.52 after a significant selloff. Analysts maintain a Moderate Buy consensus rating and an average price target of $413.54, although ratings range from “Market Perform” to price targets as high as $450.

Oppenheimer & Co. Inc. raised its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 473,492 shares of the information services provider's stock after purchasing an additional 13,333 shares during the quarter. Alphabet accounts for 1.7% of Oppenheimer & Co. Inc.'s holdings, making the stock its 6th largest holding. Oppenheimer & Co. Inc.'s holdings in Alphabet were worth $161,338,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GOOG. Morton Brown Family Wealth LLC increased its position in shares of Alphabet by 135.5% during the 3rd quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider's stock worth $25,000 after purchasing an additional 42 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in Alphabet in the 2nd quarter valued at about $29,000. Toth Financial Advisory Corp purchased a new stake in Alphabet in the 2nd quarter valued at about $41,000. Timbuktu Capital Management LLC acquired a new position in Alphabet in the second quarter valued at about $46,000. Finally, Robinswood Financial LLC acquired a new position in Alphabet in the first quarter valued at about $57,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Key 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, 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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GOOG. Barclays reaffirmed an "overweight" rating on shares of Alphabet in a research note on Thursday. Sanford C. Bernstein reiterated a "market perform" rating and set a $325.00 price target on shares of Alphabet in a research report on Thursday. Citizens Jmp downgraded shares of Alphabet from a "mkt outperform" rating to a "market perform" rating in a research note on Thursday. Guggenheim restated a "buy" rating and issued a $450.00 price objective on shares of Alphabet in a report on Thursday. Finally, Wedbush started coverage on shares of Alphabet in a research report on Thursday, July 16th. They set an "outperform" rating and a $445.00 price objective for the company. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus price target of $413.54.

Alphabet Price Performance

GOOG opened at $278.22 on Friday. The stock's 50-day moving average price is $335.73 and its 200 day moving average price is $338.25. Alphabet Inc. has a 12-month low of $271.41 and a 12-month high of $404.47. The firm has a market cap of $3.40 trillion, a price-to-earnings ratio of 14.52, a PEG ratio of 0.82 and a beta of 1.19. The company has a current ratio of 2.79, a quick ratio of 2.64 and a debt-to-equity ratio of 0.19.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share 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 analyst estimates of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business's revenue was up 24.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.87 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 20.40 earnings per share for the current year.

Insider Activity

In other news, Director Frances Arnold sold 83 shares of the firm's 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 transaction, the director owned 19,076 shares of the company's stock, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 247 shares of company stock worth $79,238 over the last 90 days. 12.99% of the stock is currently owned by corporate insiders.

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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