Alphabet Inc. $GOOGL Shares Acquired by Loftus Peak Pty Ltd

Key Points

• Loftus Peak Pty Ltd increased its Alphabet position by 15.1% in the third quarter, adding 13,880 shares to own 105,662 shares valued at approximately $36.4 million. Alphabet represents about 4.2% of the firm’s portfolio, while institutional investors collectively own 40.03% of the stock.
• Alphabet reported strong quarterly results, with $9.11 in earnings per share and $119.8 billion in revenue, supported by cloud and AI growth. Analysts maintain a consensus “Buy” rating with an average price target of $425.04, although elevated AI capital spending, litigation and regulatory risks remain concerns.
• Alphabet shares traded near $340.59, below their 50-day and 200-day moving averages, while insiders sold approximately $8.3 million of stock during the latest quarter.

Loftus Peak Pty Ltd grew its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 15.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 105,662 shares of the information services provider's stock after buying an additional 13,880 shares during the period. Alphabet accounts for about 4.2% of Loftus Peak Pty Ltd's portfolio, making the stock its 7th largest position. Loftus Peak Pty Ltd's holdings in Alphabet were worth $36,356,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Titleist Asset Management LLC lifted its stake 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 valued at $11,909,000 after acquiring an additional 2,096 shares during the period. PFG Investments LLC boosted its holdings in shares of Alphabet by 2.6% in the 1st quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock valued at $25,679,000 after acquiring an additional 2,269 shares during the last quarter. Elefante Mark B increased its stake in shares of Alphabet by 4.5% in the second quarter. Elefante Mark B now owns 43,733 shares of the information services provider's stock worth $15,629,000 after acquiring an additional 1,897 shares during the period. Nwam LLC increased its stake in shares of Alphabet by 19.6% in the first quarter. Nwam LLC now owns 49,128 shares of the information services provider's stock worth $14,127,000 after acquiring an additional 8,055 shares during the period. Finally, WCM Investment Management LLC increased its stake in shares of Alphabet by 287.4% in the first quarter. WCM Investment Management LLC now owns 3,886 shares of the information services provider's stock worth $1,063,000 after acquiring an additional 2,883 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Activity

In other news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the sale, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. The SEC filing for this sale provides additional information. Insiders have sold 420,865 shares of company stock worth $8,293,477 in the last quarter. Corporate insiders own 11.61% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Strong cloud and AI momentum: Recent commentary highlights approximately 24% overall revenue growth and an 82% increase in Google Cloud, suggesting that cloud demand and AI monetization may be offsetting concerns about rising capital expenditures. Alphabet’s Cloud Surge and AI Dominance Overshadow Capex Fears
• Positive Sentiment: JPMorgan remains bullish: JPMorgan raised its Alphabet price target to $425 from $420 and maintained an “overweight” rating, implying significant upside from the referenced price. The firm believes Google can withstand fears that generative AI will disrupt Search. JPMorgan Alphabet Price Target
• Positive Sentiment: Waymo expansion: Alphabet’s autonomous-driving unit received approval to participate in Ontario’s automated-vehicle pilot program and is targeting a Toronto robotaxi launch in 2028, expanding a potential long-term growth business. Waymo Toronto Robotaxi Launch
• Positive Sentiment: Additional product and technology catalysts: Google launched its Universal Cart shopping tool in the U.S., while reports of progress in quantum-computing error reduction and a multiyear CNN AI partnership support Alphabet’s efforts to broaden AI-related revenue.
• Neutral Sentiment: Investor attention is elevated: Zacks reported unusually heavy searches for both GOOGL and GOOG, reflecting strong interest but not necessarily a change in fundamentals.
• Negative Sentiment: Capex and profitability concerns: Investors remain concerned that Alphabet’s large data-center and AI investments could pressure free cash flow and take time to generate adequate returns. A reported multibillion-dollar computing arrangement with SpaceX adds to scrutiny of spending discipline.
• Negative Sentiment: Litigation over AI disclosures: Several law firms publicized a securities-fraud class action covering investors who bought shares from May 19 through July 16, 2026. The allegations reportedly involve representations about Gemini 3.5 Pro training results; the repeated notices add headline and potential liability risk, although they do not establish wrongdoing.
• Negative Sentiment: Other risks: Google warned that suspected China-linked hackers could exploit a BeyondTrust software flaw, while political and regulatory uncertainty could affect Search, advertising and the profits funding Alphabet’s AI buildout.

Alphabet Stock Performance

Shares of NASDAQ GOOGL traded down $8.63 during midday trading on Friday, reaching $340.59. 28,484,155 shares of the stock were exchanged, compared to its average volume of 26,079,582. The firm has a market cap of $4.17 trillion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.01 and a beta of 1.21. Alphabet Inc. has a twelve month low of $244.15 and a twelve month high of $408.61. The firm has a 50-day simple moving average of $344.26 and a two-hundred day simple moving average of $351.32. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. As a group, analysts anticipate that Alphabet Inc. will post 20.54 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were given a dividend of $0.22 per share. The ex-dividend date was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio is currently 4.42%.

Analysts Set New Price Targets

GOOGL has been the subject of several recent research reports. Needham & Company LLC reissued a "buy" rating and set a $450.00 target price on shares of Alphabet in a report on Thursday, October 8th. Benchmark reaffirmed a "buy" rating on shares of Alphabet in a report on Thursday, October 1st. Tigress Financial reaffirmed a "strong-buy" rating and issued a $485.00 price target (up from $415.00) on shares of Alphabet in a report on Thursday, September 17th. DA Davidson set a $350.00 price target on Alphabet and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $417.00 price target (up from $411.00) on shares of Alphabet in a research report on Tuesday, October 6th. Five analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of "Buy" and a consensus price target of $425.04.

Alphabet Company Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.

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