Alphabet Inc. $GOOG Stock Purchased by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Alphabet stake by 4.8% in the third quarter, adding 70,942 shares for a total of 1.56 million shares valued at approximately $523.4 million. Alphabet now represents 1.4% of the institution’s portfolio.
• Analyst sentiment remains positive: Alphabet has a consensus “Buy” rating and an average price target of $422.10, with Barclays and JPMorgan recently raising their targets to $425.
• Alphabet reported strong operating results, including 24.2% year-over-year revenue growth and quarterly earnings of $9.11 per share versus estimates of $2.87. Potential AI-chip growth and quantum-computing advances support the outlook, although higher interest rates and legal concerns remain risks.

TD Waterhouse Canada Inc. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,561,414 shares of the information services provider's stock after buying an additional 70,942 shares during the quarter. Alphabet comprises 1.4% of TD Waterhouse Canada Inc.'s holdings, making the stock its 18th biggest position. TD Waterhouse Canada Inc.'s holdings in Alphabet were worth $523,392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in GOOG. Readystate Asset Management LP acquired a new position in shares of Alphabet during the second quarter valued at approximately $45,352,000. BlackRock Inc. raised its holdings in Alphabet by 1.4% during the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock worth $130,704,718,000 after purchasing an additional 5,164,200 shares in the last quarter. State Street Corp raised its holdings in Alphabet by 2.8% during the second quarter. State Street Corp now owns 190,923,442 shares of the information services provider's stock worth $67,458,980,000 after purchasing an additional 5,208,690 shares in the last quarter. Auto Owners Insurance Co raised its holdings in Alphabet by 38,409.2% during the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider's stock worth $5,643,262,000 after purchasing an additional 179,369,280 shares in the last quarter. Finally, Amundi lifted its position in Alphabet by 22.9% in the first quarter. Amundi now owns 21,922,379 shares of the information services provider's stock worth $6,288,654,000 after purchasing an additional 4,083,758 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Alphabet

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

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research reports. Barclays reaffirmed an "overweight" rating and set a $425.00 price target (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. JPMorgan Chase & Co. boosted their price objective on Alphabet from $420.00 to $425.00 and gave the stock an "overweight" rating in a research note on Thursday. Sanford C. Bernstein dropped their price objective on Alphabet from $390.00 to $385.00 and set a "market perform" rating on the stock in a research note on Thursday, July 23rd. DZ Bank upgraded Alphabet from a "buy" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Finally, Piper Sandler raised their target price on Alphabet from $395.00 to $400.00 and gave the company an "overweight" rating in a research note on Monday, September 28th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $422.10.

Alphabet Price Performance

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 firm has a market capitalization of $4.12 trillion, a P/E ratio of 16.92, a PEG ratio of 0.98 and a beta of 1.19. The stock has a fifty day moving average of $341.08 and a 200-day moving average of $349.33. Alphabet Inc. has a 12-month low of $244.67 and a 12-month high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced 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. The firm had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm's revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.31 earnings per share. Equities analysts forecast that Alphabet Inc. will post 20.54 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were paid a $0.22 dividend. 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 Activity at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the 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 filing with the SEC, which is available at this link. Also, Director Frances Arnold sold 83 shares of the company's stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the sale, the director owned 19,076 shares of the company's stock, valued at $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 402,479 shares of company stock valued at $7,946,534. 12.99% of the stock is owned by corporate insiders.

About Alphabet

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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