Alphabet Inc. $GOOGL Shares Newly Acquired by NBT Bank N.A.

Key Points

• NBT Bank acquired 136,653 Alphabet shares worth approximately $47 million during the third quarter, making Alphabet its fifth-largest portfolio holding at 3.2%. Institutional investors collectively own about 40.03% of the company.
• Alphabet’s latest quarterly results missed expectations, with earnings of $2.12 per share versus a $3.02 consensus and revenue of $127.58 billion. Heavy spending on AI infrastructure and data centers pressured free cash flow, while YouTube advertising and broader search-ad growth were mixed.
• Analysts remain broadly optimistic, with a consensus “Buy” rating and average price target of $425.04. Investors are focused on accelerating Google Cloud growth and expanding AI monetization opportunities, including AI Search ads and custom TPU chips.

NBT Bank N.A. bought a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 136,653 shares of the information services provider's stock, valued at approximately $47,020,000. Alphabet comprises 3.2% of NBT Bank N.A.'s investment portfolio, making the stock its 5th biggest position.

Other hedge funds have also made changes to their positions in the company. EMC Capital Management acquired a new position in Alphabet in the second quarter valued at approximately $35,000. Core Capital Management & Research inc. purchased a new position in Alphabet in the second quarter worth approximately $41,000. Intelligent Financial Strategies acquired a new stake in Alphabet during the third quarter worth $41,000. Premier Financial Group acquired a new stake in Alphabet during the second quarter worth $45,000. Finally, Graney & King LLC increased its stake in Alphabet by 38.5% during the second quarter. Graney & King LLC now owns 180 shares of the information services provider's stock worth $64,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $324.89 on Thursday. The stock has a market capitalization of $3.97 trillion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 0.92 and a beta of 1.21. 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 business has a 50-day moving average of $341.50 and a 200 day moving average of $340.66. Alphabet Inc. has a 12 month low of $267.67 and a 12 month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly 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 $3.02 by ($0.90). The business had revenue of $127.58 billion for the quarter, compared to analysts' expectations of $127.96 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. As a group, sell-side analysts forecast that Alphabet Inc. will post 20.60 earnings per share for the current year.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 83 shares of the company's stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the sale, the director directly owned 19,076 shares of the company's stock, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.61% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GOOGL shares. KeyCorp reduced their target price on Alphabet from $435.00 to $410.00 and set an "overweight" rating on the stock in a research report on Monday, October 19th. DZ Bank upgraded Alphabet to a "strong-buy" rating in a report on Thursday, July 23rd. Citizens Jmp cut their price objective on Alphabet from $515.00 to $450.00 and set a "market outperform" rating for the company in a research report on Thursday, October 22nd. Benchmark restated a "buy" rating on shares of Alphabet in a report on Thursday, October 1st. Finally, Wall Street Zen lowered shares of Alphabet from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Five analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $425.04.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud growth accelerated: Cloud revenue more than doubled, rising 103% year over year and exceeding expectations. The results suggest Alphabet’s investments in AI infrastructure, cloud capacity and custom TPU chips are generating meaningful demand. Google Cloud Revenue Just Grew 103%, so Why Is the Stock Falling?
• Positive Sentiment: AI monetization opportunities are expanding: Google is rolling out AI Search ads internationally, opening its AI experiences to more third-party apps, and reportedly attracting interest from OpenAI for its TPU chips. These developments could diversify Alphabet’s revenue and strengthen its position against Nvidia in AI infrastructure. Google expands AI Search ads globally as core ad growth slows
• Neutral Sentiment: New Gemini 4 Carbon launch: Google introduced a cybersecurity-focused AI model that received positive attention from Elon Musk. The launch supports Alphabet’s long-term AI strategy, but its near-term financial contribution remains uncertain. Google launches Gemini 4 Carbon AI model with cybersecurity focus
• Negative Sentiment: Quarterly results missed estimates: Alphabet reported adjusted earnings of $2.12 per share, below consensus estimates ranging from $2.94 to $3.02. Revenue of $127.6 billion also fell short of expectations near $128.2 billion, while profit declined from the prior year. Alphabet Q3 Earnings and Revenues Miss Estimates
• Negative Sentiment: Cash flow is the main concern: Free cash flow fell as Alphabet spent heavily on data centers, cloud capacity and AI research. Investors are concerned that the rapid expansion may pressure returns and limit buybacks, even as cloud revenue grows quickly. Alphabet's free cash flow sinks further
• Negative Sentiment: Advertising momentum was mixed: YouTube advertising revenue rose 9% to $11.2 billion but missed the $11.43 billion analyst estimate, while broader search-ad growth slowed. South Korea also imposed an app-market fine, adding to regulatory pressure.

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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