Alphabet Inc. $GOOG Stock: Forum Financial Management LP Grows Position

Key Points

• Forum Financial Management LP increased its Alphabet position by 5.4% in the third quarter, bringing its holdings to 112,648 shares worth approximately $38.4 million. Institutional investors and hedge funds own 27.26% of Alphabet.
• Wall Street sentiment remains favorable, with Alphabet receiving a consensus “Buy” rating and an average price target of $422.10 from analysts.
• Alphabet’s latest quarter showed strong momentum, including 24.2% year-over-year revenue growth and earnings that exceeded estimates, while AI-chip sales, quantum computing and Waymo expansion offer additional growth opportunities.

Forum Financial Management LP grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 112,648 shares of the information services provider's stock after purchasing an additional 5,803 shares during the quarter. Alphabet makes up about 0.5% of Forum Financial Management LP's portfolio, making the stock its 17th biggest holding. Forum Financial Management LP's holdings in Alphabet were worth $38,384,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Providence Wealth Advisors LLC lifted its stake in shares of Alphabet by 0.3% in the 1st quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider's stock worth $3,094,000 after purchasing an additional 29 shares during the period. One Charles Private Wealth Services LLC raised its holdings in Alphabet by 0.6% during the first quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider's stock valued at $1,390,000 after acquiring an additional 29 shares during the period. Wisconsin Wealth Advisors LLC boosted its stake in shares of Alphabet by 1.3% in the second quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider's stock worth $785,000 after acquiring an additional 29 shares during the period. Cypress Financial Planning LLC boosted its stake in Alphabet by 1.3% in the 3rd quarter. Cypress Financial Planning LLC now owns 2,198 shares of the information services provider's stock worth $749,000 after purchasing an additional 29 shares during the period. Finally, Financial Enhancement Group LLC grew its stake in Alphabet by 2.3% during the first quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider's stock valued at $380,000 after acquiring an additional 30 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. BMO Capital Markets raised their price target on Alphabet from $455.00 to $465.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. DA Davidson cut their price objective on Alphabet from $375.00 to $350.00 and set a "neutral" rating on the stock in a research report on Thursday, July 23rd. DZ Bank raised shares of Alphabet from a "buy" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. KeyCorp reiterated an "overweight" rating and set a $435.00 target price on shares of Alphabet in a report on Thursday, October 1st. Finally, Citigroup reiterated a "market outperform" rating on shares of Alphabet in a report on Friday, October 9th. Six analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of "Buy" and a consensus price target of $422.10.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI-chip opportunity: Evercore ISI raised its Alphabet estimates, arguing that the company could sell its internally developed tensor processing units (TPUs) to cloud customers. AI-chip revenue could become a meaningful contributor to Google Cloud, supporting growth and improving the return on Alphabet’s substantial infrastructure investments. Evercore raises Alphabet estimates on potential TPU hardware sales
• Positive Sentiment: Quantum-computing breakthrough: Google reported a technique that reduces quantum-computing errors by roughly 40 times. Although commercialization remains uncertain, the development reinforces Alphabet’s long-term technology leadership and could support investor enthusiasm around its research portfolio. Google demonstrates new quantum computer breakthrough
• Positive Sentiment: Expansion of growth businesses: Waymo received approval to participate in Ontario’s automated-vehicle pilot program and is targeting a Toronto robotaxi launch in 2028. Alphabet also reached a multiyear AI-content agreement with CNN, potentially strengthening its AI products and training resources. Google's Waymo plans first Canada robotaxi service in Toronto in 2028
• Neutral Sentiment: Analyst support remains favorable: JPMorgan raised its Alphabet target to $425 and maintained an overweight rating, while recent commentary continues to emphasize strong cloud and AI growth. However, investors remain focused on whether large capital expenditures can generate sufficient future returns.
• Negative Sentiment: Macro pressure: A hotter-than-expected producer-price report reduced expectations for near-term Federal Reserve rate cuts. Higher-for-longer rates typically weigh on high-growth technology valuations, contributing to weakness across major technology shares, including Alphabet.
• Negative Sentiment: Legal overhang: Multiple law firms publicized a securities class action involving investors who held Alphabet shares between May 19 and July 16, 2026, citing alleged securities-law violations related to disclosures about Gemini AI performance. The repeated deadline reminders may add short-term sentiment pressure, although the ultimate financial impact remains uncertain. Kaplan Fox Alphabet class action reminder

Alphabet Price Performance

Shares of GOOG opened at $336.91 on Monday. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.12 trillion, a price-to-earnings ratio of 16.92, a PEG ratio of 0.98 and a beta of 1.19. The stock's 50-day moving average price is $341.08 and its 200-day moving average price is $349.33. Alphabet Inc. has a 52 week low of $244.67 and a 52 week high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating analysts' consensus estimates of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The business had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $116.53 billion. During the same period in the previous year, the business earned $2.31 earnings per share. The business's revenue was up 24.2% compared to the same quarter last year. On average, sell-side analysts predict that Alphabet Inc. will post 20.54 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet's payout ratio is presently 4.42%.

Insider Transactions at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 402,479 shares of company stock worth $7,946,534 in the last 90 days. 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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