Alphabet Inc. $GOOG Stock: Pictet Asset Management Holding SA Grows Stake

Key Points

• Pictet Asset Management increased its Alphabet stake by 3.2% in the third quarter, adding 92,394 shares to hold about 2.96 million shares valued at roughly $1.01 billion.
• Alphabet’s latest quarterly results missed earnings and revenue expectations: EPS was $2.12 versus $3.01 expected, and revenue was $127.58 billion versus $127.97 billion expected. Revenue nevertheless grew 24.7% year over year.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $413.38; the company also announced a quarterly dividend of $0.22 per share.

Pictet Asset Management Holding SA boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,960,173 shares of the information services provider's stock after purchasing an additional 92,394 shares during the period. Alphabet makes up approximately 1.0% of Pictet Asset Management Holding SA's holdings, making the stock its 12th biggest position. Pictet Asset Management Holding SA's holdings in Alphabet were worth $1,008,526,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Denali Advisors LLC raised its position in shares of Alphabet by 14.8% during the second quarter. Denali Advisors LLC now owns 105,988 shares of the information services provider's stock worth $37,449,000 after purchasing an additional 13,700 shares during the period. Heck Capital Advisors LLC boosted its position in shares of Alphabet by 298.2% in the 2nd quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider's stock valued at $7,854,000 after purchasing an additional 16,647 shares during the period. Montchanin Asset Management LLC acquired a new position in shares of Alphabet in the 1st quarter valued at $7,075,000. NBT Bank N.A. acquired a new position in shares of Alphabet in the 3rd quarter valued at $47,537,000. Finally, Sax Wealth Advisors LLC increased its stake in Alphabet by 13.3% in the 2nd quarter. Sax Wealth Advisors LLC now owns 30,489 shares of the information services provider's stock worth $10,773,000 after purchasing an additional 3,575 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of Alphabet stock opened at $283.93 on Monday. The stock has a market cap of $3.49 trillion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 0.86 and a beta of 1.21. The business has a fifty day simple moving average of $329.78 and a 200-day simple moving average of $337.01. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. Alphabet Inc. has a 12 month low of $271.41 and a 12 month high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts' consensus estimates of $3.01 by ($0.89). The business had revenue of $127.58 billion for the quarter, compared to analysts' expectations of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business's quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.87 EPS. On average, sell-side analysts anticipate that Alphabet Inc. will post 19.80 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, December 7th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, December 7th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is presently 4.59%.

Analyst Ratings Changes

GOOG has been the topic of several recent analyst reports. Citic Securities boosted their price objective on Alphabet from $430.00 to $434.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Guggenheim reiterated a "buy" rating and issued a $450.00 target price on shares of Alphabet in a report on Thursday, October 29th. BMO Capital Markets set a $425.00 target price on shares of Alphabet in a report on Thursday, October 29th. Citizens Jmp downgraded shares of Alphabet from a "mkt outperform" rating to a "market perform" rating in a research report on Thursday, October 29th. Finally, The Goldman Sachs Group cut their price target on shares of Alphabet from $440.00 to $435.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. Six 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 given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $413.38.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google’s Cloud, Gemini, advertising and streaming businesses are showing improving demand, according to market commentary. Reports also cite more than 1 billion Gemini app users and rapid Google Cloud growth, supporting the case that AI can create revenue beyond traditional Search. Article: GOOGL Cloud Momentum Clashes with Google Search Concerns
• Positive Sentiment: Alphabet disclosed a roughly $548 million Qualcomm stake, which could strengthen its AI data-center supply and technology relationships. Article: Alphabet discloses $548 million worth of Qualcomm stake
• Neutral Sentiment: Google acquired Crusoe’s planned Wyoming data-center site as part of a reported $17 billion expansion, with a pledge to cover the facility’s power costs. More capacity could support AI and cloud growth, while the scale of investment and energy needs add to concerns about spending and infrastructure constraints. Article: Google acquires Wyoming data center site from AI infrastructure firm Crusoe
• Neutral Sentiment: Alphabet’s Wing plans to invest up to $125 million in a Texas manufacturing facility, expanding its drone-delivery capacity. It offers longer-term growth potential but is a relatively small, multi-year investment compared with Alphabet’s core businesses. Article: Alphabet's Drone Unit to Invest Up to $125 Million in New Texas Facility
• Negative Sentiment: Investors continue to question whether AI assistants could weaken Search growth and how effectively Alphabet can monetize AI search. Heavy data-center spending also raises concerns about cash flow, electricity availability and potential regulation. Article: Are the Fears Around Alphabet’s Search Slowdown Warranted?
• Negative Sentiment: Several law firms publicized an existing securities class action alleging investor harm during May–July 2026; the claims remain allegations, but the publicity may add a legal overhang. Separately, parents’ claims over an AI chatbot’s alleged role in a student’s suicide attempt raise potential safety and reputational concerns. Article: Google faces claims student used AI chat on US school laptop to plan suicide attempt

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 247 shares of company stock worth $79,238. Company insiders own 12.99% of the company's stock.

Alphabet Profile

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer.

Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.

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