Alphabet Inc. $GOOG Stock: Steinberganna Wealth Management Lowers Holdings

Key Points

• Steinberganna Wealth Management reduced its Alphabet stake by 53.6% in the third quarter, selling 4,675 shares and retaining 4,046 shares valued at approximately $1.38 million.
• Alphabet reported strong revenue growth of 24.7% to $127.58 billion, driven partly by accelerating Google Cloud demand, but third-quarter EPS of $2.12 missed the $3.01 consensus amid heavy AI infrastructure spending and an investment loss.
• Analysts maintain a broadly positive view, with Alphabet receiving an average “Buy” rating and a consensus price target of $421.85, despite concerns over profitability, cash flow, slowing Search advertising growth and regulatory risks.

Steinberganna Wealth Management cut its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 53.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,046 shares of the information services provider's stock after selling 4,675 shares during the quarter. Steinberganna Wealth Management's holdings in Alphabet were worth $1,379,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of GOOG. Castlekeep Investment Advisors LLC acquired a new stake in shares of Alphabet in the second quarter valued at about $29,000. Timbuktu Capital Management LLC purchased a new stake in shares of Alphabet during the 2nd quarter valued at about $46,000. Robinswood Financial LLC purchased a new stake in shares of Alphabet during the 1st quarter valued at about $57,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Alphabet during the 2nd quarter valued at about $86,000. Finally, Harborfront Financial Group LLC acquired a new position in Alphabet during the 2nd quarter worth approximately $89,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud growth accelerated sharply. Cloud revenue more than doubled to approximately $30.7 billion, reflecting strong enterprise demand and supporting the view that Alphabet’s AI investments are generating substantial revenue. Google Cloud Revenue Just Grew 103%, so Why Is the Stock Falling?
• Positive Sentiment: AI products and infrastructure offer longer-term upside. Alphabet launched its Gemini 4 Carbon model, expanded AI Search advertising internationally and reportedly attracted interest from OpenAI in its internally developed TPU chips. One analyst described the post-earnings pullback as a potential buying opportunity. Google's post-earnings stock pullback could be a buying opportunity
• Neutral Sentiment: Revenue remained solid but the mix was concerning. Total revenue rose 25% to about $127.6 billion, close to expectations, while YouTube advertising increased 9%. However, investors are increasingly focused on whether AI-driven businesses can offset slowing growth in Google’s core Search advertising franchise. Google Shares Fall as Ad Revenue Misses Estimates
• Negative Sentiment: Profitability and cash flow disappointed. Third-quarter EPS of $2.12 missed consensus estimates near $3.00 and fell from $2.87 a year earlier, partly due to an approximately $8.7 billion investment loss. Capital expenditures reached roughly $51.4 billion, while free cash flow turned negative as Alphabet expanded data-center capacity and hired AI talent. The heavy spending raised concerns that AI returns may take longer to materialize. Alphabet's heavy cloud spending drives bigger-than-expected cash burn
• Negative Sentiment: Regulatory and legal risks remain secondary overhangs. South Korean authorities fined Google over alleged app-market practices, while multiple law firms publicized securities litigation tied to alleged disclosures about Gemini development. These issues were less important than earnings but could add longer-term uncertainty. South Korea fines Google and Apple over unfair app market practices

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 12.99% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on GOOG. UBS Group restated a "neutral" rating and issued a $380.00 price target (up from $379.00) on shares of Alphabet in a report on Wednesday, October 14th. Stifel Nicolaus set a $485.00 price objective on shares of Alphabet in a research report on Thursday, October 8th. Wedbush began coverage on shares of Alphabet in a research note on Thursday, July 16th. They set an "outperform" rating and a $445.00 price objective on the stock. Arete Research lifted their price objective on shares of Alphabet from $425.00 to $450.00 in a research note on Monday, July 6th. Finally, Sanford C. Bernstein reduced their target price on shares of Alphabet from $390.00 to $385.00 and set a "market perform" rating on the stock in a research report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Alphabet presently has an average rating of "Buy" and an average target price of $421.85.

Alphabet Stock Up 1.6%

Shares of Alphabet stock opened at $321.89 on Thursday. The business has a 50-day moving average of $338.12 and a 200-day moving average of $338.76. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The company has a market capitalization of $3.94 trillion, a PE ratio of 16.17, a P/E/G ratio of 0.91 and a beta of 1.19. Alphabet Inc. has a 1-year low of $268.43 and a 1-year high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.01 by ($0.89). Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The business had revenue of $127.58 billion for the quarter, compared to analysts' expectations of $127.97 billion. During the same period in the previous year, the firm posted $2.87 earnings per share. The firm's revenue was up 24.7% compared to the same quarter last year. As a group, equities analysts forecast that Alphabet Inc. will post 20.60 EPS for the current fiscal year.

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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