Alphabet Inc. $GOOG Stock Sold by Bank Pictet & Cie Europe AG

Key Points

• Bank Pictet & Cie Europe AG reduced its Alphabet stake by 5.1% in the third quarter, selling 13,341 shares and retaining 248,705 shares valued at approximately $84.7 million.
• Analysts remain broadly bullish, with Alphabet holding a consensus “Buy” rating and an average price target of $421.85; several firms recently raised their targets.
• Alphabet reported stronger-than-expected quarterly results, including $9.11 in EPS and $119.8 billion in revenue, while investors continue to weigh AI and Cloud growth against rising spending, regulatory scrutiny, and legal risks.

Bank Pictet & Cie Europe AG cut its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 248,705 shares of the information services provider's stock after selling 13,341 shares during the quarter. Alphabet comprises about 1.6% of Bank Pictet & Cie Europe AG's portfolio, making the stock its 16th biggest position. Bank Pictet & Cie Europe AG's holdings in Alphabet were worth $84,744,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Providence Wealth Advisors LLC grew its position 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 buying an additional 29 shares during the last quarter. One Charles Private Wealth Services LLC increased its holdings in shares of 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 in the last quarter. Wisconsin Wealth Advisors LLC raised its position in shares of Alphabet by 1.3% in the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider's stock valued at $785,000 after purchasing an additional 29 shares during the last quarter. Cypress Financial Planning LLC raised its position in shares of Alphabet by 1.3% in the 3rd quarter. Cypress Financial Planning LLC now owns 2,198 shares of the information services provider's stock valued at $749,000 after purchasing an additional 29 shares during the last quarter. Finally, Financial Enhancement Group LLC raised its position in shares of Alphabet by 2.3% in the 1st quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider's stock valued at $380,000 after purchasing an additional 30 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm's stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the transaction, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 315,765 shares of company stock valued at $6,297,980 over the last ninety days. Insiders own 12.99% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Barclays reaffirmed an "overweight" rating and set a $425.00 price target (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Pivotal Research increased their price objective on Alphabet from $470.00 to $475.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. TD Cowen reissued a "buy" rating and issued a $485.00 price objective (up from $475.00) on shares of Alphabet in a report on Thursday, October 8th. BMO Capital Markets restated an "outperform" rating and issued a $480.00 price objective on shares of Alphabet in a research note on Tuesday. Finally, Sanford C. Bernstein dropped their price objective on shares of Alphabet from $390.00 to $385.00 and set a "market perform" rating on the stock in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Alphabet presently has a consensus rating of "Buy" and a consensus price target of $421.85.

Alphabet Stock Performance

Shares of GOOG stock opened at $320.76 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The business's 50 day moving average is $339.94 and its two-hundred day moving average is $350.44. The company has a market capitalization of $3.92 trillion, a P/E ratio of 16.11, a P/E/G ratio of 0.95 and a beta of 1.19. Alphabet Inc. has a 12-month low of $252.77 and a 12-month high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. During the same quarter last year, the business earned $2.31 earnings per share. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. Analysts expect that Alphabet Inc. will post 20.60 EPS for the current fiscal year.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud growth and AI demand remain the main bullish drivers. Analysts and investors point to accelerating Cloud revenue, rising AI infrastructure demand, and potential upside if Alphabet demonstrates stronger margins and monetization. Alphabet could still have room to run
• Positive Sentiment: OpenAI’s cloud relationship expands Google Cloud’s enterprise opportunity. OpenAI plans to make its models and Codex coding agent available through Google Cloud, potentially driving additional compute consumption and customer demand. OpenAI brings models to Google Cloud
• Positive Sentiment: Longer-term technology and advertising catalysts remain intact. Coverage highlights a major quantum-computing error-reduction breakthrough, expanded virtual-power-plant activity with Voltus, and potential incremental YouTube advertising from TikTok. Google quantum breakthrough
• Neutral Sentiment: October 28 earnings are the key near-term catalyst. Investors will focus on Cloud growth, AI-related capital expenditures, margins, Gemini progress, and management’s outlook. Several bullish articles argue valuation could support substantial upside, while one analyst reduced a previously aggressive price target. Alphabet earnings outlook
• Negative Sentiment: AI spending is raising return-on-investment and cash-flow concerns. Reports say Alphabet is paying SpaceX approximately $11 billion annually for computing capacity and may be giving up near-term Cloud revenue to reserve capacity for AI workloads. Elevated spending is causing investors to question margins and the payoff from the AI buildout. Google SpaceX compute agreement
• Negative Sentiment: Gemini 3.5 Pro timing and performance concerns have triggered multiple securities lawsuits. Investor-rights firms allege Alphabet misled shareholders about the model’s launch readiness; the repeated notices and December 1 lead-plaintiff deadline add reputational and legal overhang, although the allegations have not been proven. Alphabet investor lawsuit notice
• Negative Sentiment: Regulatory and operational risks are broadening. European regulators are questioning a Google Cloud outage affecting banks, while U.S. senators are scrutinizing Google’s AI use in schools and environmental groups are criticizing data-center development in Finland. Google Cloud outage regulatory inquiry

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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