Alphabet Inc. $GOOG Stock: Kieckhefer Group LLC Raises Position

Key Points

• Kieckhefer Group LLC increased its Alphabet position by 1,403.4% in the third quarter, bringing its holdings to 13,125 shares valued at approximately $4.47 million. Institutional investors collectively own 27.26% of Alphabet.
• Alphabet shares rose 0.6% to $350.96, while analysts maintained a generally bullish outlook with an average “Buy” rating and a consensus price target of $421.95.
• Alphabet’s latest quarterly results exceeded expectations, with $9.11 in earnings per share and $119.8 billion in revenue, up 24.2% year over year. The company also pays a quarterly dividend of $0.22, equivalent to a 0.3% annual yield.

Kieckhefer Group LLC grew its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1,403.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,125 shares of the information services provider's stock after purchasing an additional 12,252 shares during the quarter. Alphabet makes up 1.8% of Kieckhefer Group LLC's investment portfolio, making the stock its 10th largest position. Kieckhefer Group LLC's holdings in Alphabet were worth $4,472,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of Alphabet in the 2nd quarter valued at about $29,000. Lifetime Wealth Management P.C. acquired a new position in Alphabet in the 4th quarter valued at $38,000. Bard Associates Inc. purchased a new stake in Alphabet in the 4th quarter valued at approximately $41,000. Toth Financial Advisory Corp acquired a new stake in shares of Alphabet in the 2nd quarter valued at approximately $41,000. Finally, Timbuktu Capital Management LLC acquired a new stake in Alphabet in the second quarter valued at $46,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Up 0.6%

GOOG stock traded up $1.99 during midday trading on Tuesday, hitting $350.96. 6,730,952 shares of the company's stock were exchanged, compared to its average volume of 20,267,902. The firm has a 50 day moving average price of $342.49 and a 200-day moving average price of $347.52. Alphabet Inc. has a 12-month low of $241.18 and a 12-month high of $404.47. The stock has a market capitalization of $4.29 trillion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.01 and a beta of 1.19. 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 released its earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The company had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $116.53 billion. During the same period in the prior year, the business posted $2.31 EPS. The business's revenue was up 24.2% on a year-over-year basis. On average, analysts anticipate that Alphabet Inc. will post 20.54 EPS for the current year.

Alphabet Dividend Announcement

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

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google launched Gemini 4 Argon, a flagship AI model for developers, businesses and paying users. The model is being positioned as particularly strong in coding and finance and legal knowledge work, reinforcing Alphabet’s effort to compete in the rapidly growing generative-AI market. Google launches flagship AI model Gemini 4 Argon for developers and businesses
• Positive Sentiment: An analyst said Alphabet’s internally developed AI chips could unlock as much as $100 billion in value by 2028. In-house chips could reduce dependence on outside suppliers, improve AI economics and create a potentially meaningful new revenue stream. Alphabet could unlock $100 billion from AI chips by 2028
• Positive Sentiment: BNP Paribas raised its price target for Alphabet, adding to bullish analyst expectations ahead of the company’s third-quarter results. Investors are watching Google Cloud growth, AI monetization and capital spending for evidence that recent investments are producing returns. Google stock gets a price target boost
• Positive Sentiment: Google Play will let users privately install personal, “vibe-coded” Android applications without publishing them publicly. The feature could encourage experimentation with AI-generated software and increase engagement with Google Play and Android. Google Play now supports private vibe-coded apps
• Neutral Sentiment: Alphabet’s 3.59-gigawatt nuclear power agreement with Constellation supports the electricity needs of its AI data centers and may improve long-term capacity planning, but it also underscores the substantial cost of expanding AI infrastructure. Google and Constellation sign nuclear power deal
• Negative Sentiment: Several law firms are publicizing a securities class action alleging Alphabet misrepresented the development progress of its Gemini 3.5 Pro model, including coding and training-data setbacks. The litigation creates headline and potential financial risk, although the allegations have not been proven. Alphabet securities fraud class action announcement
• Negative Sentiment: Commentary questioning whether Alphabet’s strong reported earnings benefited from non-operating gains, while data-center spending exceeded operating cash generation, highlights execution and free-cash-flow risks. Investors may remain cautious until the upcoming earnings report clarifies AI spending returns.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Morgan Stanley lowered their price target on Alphabet from $415.00 to $400.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Pivotal Research lifted their target price on shares of Alphabet from $470.00 to $475.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Wells Fargo & Company set a $417.00 target price on shares of Alphabet and gave the company an "overweight" rating in a report on Tuesday, October 6th. KeyCorp restated an "overweight" rating and issued a $435.00 price objective on shares of Alphabet in a report on Thursday, October 1st. Finally, Arete Research increased their price target on Alphabet from $425.00 to $450.00 in a report on Monday, July 6th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $421.95.

Insider Buying and Selling at Alphabet

In related news, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. The SEC filing for this sale provides additional information. Insiders have sold 441,399 shares of company stock worth $8,677,053 in the last ninety days. 12.99% of the stock is owned by insiders.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet's chief executive officer and also leads Google.

Google is Alphabet's primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

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