Alphabet Inc. $GOOGL Holdings Increased by Simplicity Wealth LLC

Key Points

• Simplicity Wealth LLC increased its Alphabet stake by 4.2% in the third quarter to 113,542 shares valued at approximately $39.1 million. Institutional investors and hedge funds collectively own 40.03% of Alphabet.
• Alphabet’s latest results missed expectations, with adjusted EPS of $2.12 versus a $3.02 consensus and revenue of $127.6 billion. Heavy AI infrastructure spending kept free cash flow negative, while concerns about Search monetization and an EU fine pressured investor sentiment.
• Google Cloud revenue more than doubled to about $30.7 billion and its backlog reached $561 billion, supporting the company’s AI growth outlook. Despite recent target cuts and the stock trading near $279.84, analysts maintain an overall “Buy” rating with a consensus target of $410.46.

Simplicity Wealth LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 113,542 shares of the information services provider's stock after acquiring an additional 4,585 shares during the period. Alphabet comprises about 1.1% of Simplicity Wealth LLC's investment portfolio, making the stock its 10th largest position. Simplicity Wealth LLC's holdings in Alphabet were worth $39,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of GOOGL. Titleist Asset Management LLC grew its position in Alphabet by 6.4% during the 3rd quarter. Titleist Asset Management LLC now owns 34,613 shares of the information services provider's stock worth $11,909,000 after acquiring an additional 2,096 shares during the last quarter. PFG Investments LLC increased its holdings in Alphabet by 2.6% during the 1st quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock valued at $25,679,000 after purchasing an additional 2,269 shares in the last quarter. Elefante Mark B increased its holdings in Alphabet by 4.5% during the 2nd quarter. Elefante Mark B now owns 43,733 shares of the information services provider's stock valued at $15,629,000 after purchasing an additional 1,897 shares in the last quarter. Nwam LLC raised its position in Alphabet by 19.6% in the 1st quarter. Nwam LLC now owns 49,128 shares of the information services provider's stock valued at $14,127,000 after purchasing an additional 8,055 shares during the last quarter. Finally, WCM Investment Management LLC raised its position in Alphabet by 287.4% in the 1st quarter. WCM Investment Management LLC now owns 3,886 shares of the information services provider's stock valued at $1,063,000 after purchasing an additional 2,883 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet 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 transaction of $28,257.35. Following the transaction, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 247 shares of company stock worth $79,238. Insiders own 11.61% of the company's stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results support Alphabet’s position as a major beneficiary of enterprise AI demand. Alphabet's Cloud Business Just Doubled
• Positive Sentiment: Several analysts remain constructive after the selloff. Guggenheim and Needham reaffirmed “buy” ratings with $450 targets, while Citigroup and Wells Fargo retained bullish ratings and projected substantial upside despite lowering their targets.
• Positive Sentiment: Alphabet’s AI ecosystem could gain from rising demand for cloud capacity and specialized chips. Waymo is also expanding internationally through a partnership with Toyota, although the business remains small relative to Alphabet’s core operations. Waymo taps Toyota to supply robotaxis
• Neutral Sentiment: Multiple securities law firms publicized class-action lawsuits and lead-plaintiff deadlines tied to alleged disclosures about Alphabet’s Gemini AI development. These notices add headline risk, but their direct financial impact remains uncertain.
• Negative Sentiment: Alphabet reported adjusted earnings of $2.12 per share, below consensus near $2.94-$3.02, while revenue of $127.6 billion also missed expectations. Search and other revenue grew about 12% to roughly $63 billion, but fell short of forecasts, reinforcing fears that AI-generated answers and “AI mode” searches may monetize less effectively than traditional Search.
• Negative Sentiment: AI infrastructure spending caused free cash flow to remain negative by roughly $9.1 billion for a second consecutive quarter. Investors are questioning whether the enormous capital outlays will produce adequate returns and whether Alphabet may need additional debt or equity financing.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment reduced quarterly earnings by approximately $0.55 per share, while an EU antitrust fine further pressured results. Analysts including RBC, Wells Fargo, Citigroup, Wedbush, KeyCorp and Cantor Fitzgerald lowered price targets, even though most maintained positive ratings.

Alphabet Stock Down 1.4%

NASDAQ GOOGL opened at $279.84 on Friday. The stock has a fifty day moving average of $339.07 and a 200-day moving average of $340.17. The stock has a market capitalization of $3.42 trillion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 0.82 and a beta of 1.21. Alphabet Inc. has a 52 week low of $270.70 and a 52 week high of $408.61. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.64 and a current ratio of 2.79.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts' consensus estimates of $3.02 by ($0.90). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The firm had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.96 billion. On average, equities research analysts forecast that Alphabet Inc. will post 20.05 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on GOOGL. Sanford C. Bernstein reissued a "market perform" rating and issued a $325.00 price objective (down from $385.00) on shares of Alphabet in a research note on Thursday. Benchmark reaffirmed a "buy" rating on shares of Alphabet in a report on Thursday, October 1st. Wall Street Zen cut Alphabet from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Needham & Company LLC reiterated a "buy" rating and set a $450.00 price target on shares of Alphabet in a research report on Thursday. Finally, Truist Financial decreased their price objective on shares of Alphabet from $420.00 to $410.00 and set a "buy" rating on the stock in a report on Thursday. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $410.46.

Alphabet Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.

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