Alphabet Inc. $GOOG Stock Position Boosted by Gerber Kawasaki Wealth & Investment Management

Key Points

• Gerber Kawasaki increased its Alphabet stake by 2.7% in the third quarter, adding 7,551 shares to hold 286,783 shares valued at about $97.7 million. Alphabet represents 2.5% of the firm’s portfolio and is its 10th-largest holding.
• Other institutional investors also adjusted or initiated positions; institutional investors and hedge funds collectively own 27.26% of Alphabet’s shares.
• Alphabet’s latest quarter showed revenue growth of 24.7% year over year, but earnings per share of $2.12 fell short of the $3.01 consensus estimate. Analysts’ consensus rating is “Moderate Buy,” with a $413.38 average price target.

Gerber Kawasaki Wealth & Investment Management boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 286,783 shares of the information services provider's stock after purchasing an additional 7,551 shares during the period. Alphabet comprises 2.5% of Gerber Kawasaki Wealth & Investment Management's holdings, making the stock its 10th largest position. Gerber Kawasaki Wealth & Investment Management's holdings in Alphabet were worth $97,719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Morton Brown Family Wealth LLC boosted its position in shares of Alphabet by 135.5% during the third quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider's stock worth $25,000 after buying an additional 42 shares during the period. Castlekeep Investment Advisors LLC bought a new position in shares of Alphabet during the second quarter worth about $29,000. Livelsberger Financial Advisory bought a new stake in Alphabet in the 3rd quarter valued at approximately $37,000. Toth Financial Advisory Corp bought a new stake in Alphabet in the 2nd quarter valued at approximately $41,000. Finally, Timbuktu Capital Management LLC bought a new stake in Alphabet in the 2nd quarter valued at approximately $46,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI momentum: A venture-capital investor ranked Alphabet’s Gemini as the leading AI model, supporting optimism about the company’s ability to compete in AI and potentially attract usage and spending. Top VC: The Best AI Models Take “80% Plus” of Spend. And Alphabet’s Gemini Just Ranked No. 1
• Positive Sentiment: Long-term infrastructure growth: Google plans to invest $15 billion in Malaysia over two years to expand data-center capacity and support regional AI and cloud demand. The investment could help grow future revenue, though it adds to near-term capital needs. Google to Invest $15 Billion in Malaysia Over Two Years
• Neutral Sentiment: Election-driven rally: Reports attributed the rebound in Alphabet and other mega-cap technology shares to a broad post-election market rally. The result may have eased some near-term concern about data-center policy, although regulatory uncertainty remains. Why Alphabet Stock Popped on Wednesday
• Negative Sentiment: Heavy AI investment weighs on cash flow: Recent coverage highlighted declining free cash flow and rising infrastructure costs, tempering the growth story. Investors remain focused on whether cloud and AI returns will justify the spending. Alphabet's Free Cash Flow Is Declining Faster Than Analysts Expected
• Negative Sentiment: School Search policy backlash and litigation: Google’s plan tying school access to Search with AI settings drew criticism from politicians and prompted competing search services to target schools. Separately, a securities class action alleges investors were misled about Gemini 3.5 Pro’s progress; the claims are allegations, but add legal and reputational uncertainty. Google faces backlash for plan that would turn off Search for schools that restrict AI

Analysts Set New Price Targets

GOOG has been the subject of several research reports. Susquehanna reaffirmed a "positive" rating and set a $400.00 price target on shares of Alphabet in a research note on Thursday, October 29th. Needham & Company LLC reiterated a "buy" rating on shares of Alphabet in a report on Tuesday, October 27th. BMO Capital Markets set a $425.00 price objective on shares of Alphabet in a research report on Thursday, October 29th. Guggenheim restated a "buy" rating and set a $450.00 target price on shares of Alphabet in a report on Thursday, October 29th. Finally, Freedom Capital upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus target price of $413.38.

Alphabet Stock Up 3.2%

NASDAQ:GOOG opened at $287.30 on Thursday. Alphabet Inc. has a twelve month low of $271.41 and a twelve month high of $404.47. The firm has a market capitalization of $3.51 trillion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. The stock's 50 day moving average price is $332.01 and its two-hundred day moving average price is $337.44.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.01 by ($0.89). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The company had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.97 billion. During the same period in the previous year, the company posted $2.87 EPS. The company's quarterly revenue was up 24.7% compared to the same quarter last year. Equities research analysts expect that Alphabet Inc. will post 19.80 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, December 7th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet's payout ratio is currently 4.59%.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 83 shares of the company's stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the sale, the director directly owned 19,076 shares of the company's stock, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 247 shares of company stock worth $79,238. 12.99% of the stock is owned by 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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