Alphabet Inc. $GOOGL Shares Bought by Albion Financial Group UT

Key Points

• Albion Financial Group UT increased its Alphabet stake by 2.9% in the third quarter, bringing its holdings to 193,016 shares valued at approximately $66.4 million. Alphabet represents about 3.7% of the firm’s portfolio, while institutional investors collectively own 40.03% of the company.
• Alphabet shares opened at $316.80, down 1.1%, and remain below their 50-day and 200-day moving averages. The stock has traded between $264.28 and $408.61 over the past year.
• Analysts maintain a consensus “Buy” rating with an average price target of $425.04, though investors are watching whether AI infrastructure spending pressures margins and free cash flow. Positive catalysts include strong Google Cloud demand and Anthropic’s reported $114.5 billion in non-cancelable cloud commitments with Alphabet.

Albion Financial Group UT boosted its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193,016 shares of the information services provider's stock after acquiring an additional 5,520 shares during the period. Alphabet accounts for approximately 3.7% of Albion Financial Group UT's holdings, making the stock its 3rd biggest holding. Albion Financial Group UT's holdings in Alphabet were worth $66,413,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of GOOGL. Titleist Asset Management LLC increased its stake in Alphabet by 6.4% in the third 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 last quarter. PFG Investments LLC raised its holdings in shares of 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 buying an additional 2,269 shares in the last quarter. Elefante Mark B raised its holdings in shares of 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 buying an additional 1,897 shares in the last quarter. Nwam LLC lifted 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 worth $14,127,000 after buying an additional 8,055 shares during the last quarter. Finally, WCM Investment Management LLC lifted 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 worth $1,063,000 after buying an additional 2,883 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Anthropic’s IPO filing disclosed approximately $114.5 billion in non-cancelable cloud commitments with Alphabet. The agreements could provide significant long-term revenue visibility for Google Cloud, although investors will focus on whether the business can convert that demand into higher margins and free cash flow. Anthropic's IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
• Positive Sentiment: Google Cloud reportedly grew sharply and its backlog reached about $514 billion, while the Gemini app expanded to roughly 950 million monthly users. These figures support the view that cloud and AI could become increasingly important growth engines alongside Search. Alphabet Has $514 Billion in Cloud Orders
• Neutral Sentiment: Options traders expect a sizable move following the October 28 earnings report. The key issues will be Search growth, Google Cloud margins, AI monetization, capital-expenditure guidance, and free cash flow. Alphabet has historically had mixed next-day earnings reactions. Here's How Much Traders See Google Parent Alphabet's Stock Moving After Earnings
• Negative Sentiment: Investors remain wary that heavy AI infrastructure spending could pressure margins and free cash flow, as happened after the prior quarterly report. An analyst also reduced the price target ahead of earnings, adding to caution. Alphabet Stock Slips After Citizens Cuts Price Target
• Negative Sentiment: Several law firms publicized securities class actions alleging Alphabet misled investors during the May 19–July 16 period. The filings are largely investor-solicitation notices rather than new operating developments, but they add reputational and potential financial risk. Alphabet Securities Fraud Class Action Deadline

Insider Buying and Selling

In related news, Director Frances Arnold sold 83 shares of Alphabet 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 completion of the transaction, the director directly owned 19,076 shares of the company's stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer directly 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 a total of 696 shares of company stock worth $232,894 in the last quarter. Company insiders own 11.61% of the company's stock.

Analysts Set New Price Targets

GOOGL has been the subject of several research reports. Yorkville Ives began coverage on Alphabet in a research note on Monday, October 5th. They issued an "outperform" rating and a $400.00 target price for the company. Freedom Capital raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. Truist Financial set a $420.00 price objective on shares of Alphabet and gave the stock a "buy" rating in a report on Thursday, July 23rd. Wall Street Zen lowered shares of Alphabet from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Zacks Research cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Five research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $425.04.

Alphabet Trading Down 1.1%

NASDAQ:GOOGL opened at $316.80 on Tuesday. The firm has a market capitalization of $3.87 trillion, a P/E ratio of 15.91, a P/E/G ratio of 0.92 and a beta of 1.21. The company has a fifty day moving average of $342.94 and a 200 day moving average of $340.66. 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 Inc. has a 52 week low of $264.28 and a 52 week high of $408.61.

Alphabet Company 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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