Alphabet Inc. $GOOGL Shares Newly Bought by Leo Wealth LLC

Key Points

• Leo Wealth LLC initiated a position in Alphabet during the third quarter, purchasing 15,562 shares valued at approximately $5.36 million. Alphabet represents about 1.1% of the firm’s portfolio, while institutional investors collectively own 40.03% of the stock.
• Alphabet’s latest quarterly results fell short of expectations, with earnings per share of $2.12 versus the $3.02 consensus estimate and revenue of $127.58 billion compared with $127.96 billion expected. The stock opened at $278.99, near its one-year low of $270.70 and well below its 50- and 200-day moving averages.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and an average price target of $412.51, despite some recent target cuts and downgrades. Alphabet also declared a quarterly dividend of $0.22 per share, equivalent to a 0.3% annualized yield.

Leo Wealth LLC bought a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,562 shares of the information services provider's stock, valued at approximately $5,355,000. Alphabet comprises about 1.1% of Leo Wealth LLC's investment portfolio, making the stock its 20th biggest position.

A number of other large investors have also recently made changes to their positions in GOOGL. Titleist Asset Management LLC increased its position in shares of Alphabet by 6.4% during 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 buying an additional 2,096 shares during the period. PFG Investments LLC raised its stake in Alphabet by 2.6% in the first quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock worth $25,679,000 after buying an additional 2,269 shares in the last quarter. Elefante Mark B raised its stake in 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 buying an additional 1,897 shares in the last quarter. Nwam LLC lifted its holdings in 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 buying an additional 8,055 shares during the period. Finally, WCM Investment Management LLC lifted its holdings in 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 buying an additional 2,883 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Alphabet Price Performance

GOOGL opened at $278.99 on Tuesday. The stock has a 50-day moving average price of $337.75 and a 200-day moving average price of $339.89. 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 firm has a market cap of $3.41 trillion, a PE ratio of 14.56, a P/E/G ratio of 0.94 and a beta of 1.21. Alphabet Inc. has a 1 year low of $270.70 and a 1 year high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 46.63%. The firm had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.96 billion. Sell-side analysts predict that Alphabet Inc. will post 20.05 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, December 7th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is presently 4.59%.

Insider Activity at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the sale, the director owned 19,076 shares of the company's stock, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 247 shares of company stock valued at $79,238. 11.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on GOOGL shares. Truist Financial cut their price objective on Alphabet from $420.00 to $410.00 and set a "buy" rating on the stock in a research report on Thursday, October 29th. DA Davidson decreased their target price on Alphabet from $350.00 to $300.00 and set a "neutral" rating for the company in a research report on Thursday, October 29th. Citizens Jmp cut Alphabet from a "market outperform" rating to a "hold" rating in a research note on Thursday, October 29th. Evercore restated an "outperform" rating and set a $450.00 price target on shares of Alphabet in a research report on Wednesday, September 16th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research note on Thursday, October 15th. Five analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $412.51.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud and AI demand remain important growth drivers. Google Cloud revenue reportedly nearly doubled year over year to approximately $30.7 billion, while its backlog approached $561 billion. Analysts and bullish commentators argue that enterprise AI usage could eventually justify Alphabet’s infrastructure spending. Alphabet’s Cloud and AI outlook
• Positive Sentiment: Potential defense and cybersecurity contracts could diversify revenue. Alphabet is reportedly in preliminary discussions related to the Pentagon’s roughly $185 billion Golden Dome initiative. A finalized agreement could help monetize its AI infrastructure through sticky government and enterprise contracts, although no deal has been confirmed. Alphabet and Pentagon discussions
• Positive Sentiment: Debt-market demand suggests lenders remain confident in Alphabet. The company launched a roughly €6 billion bond sale, with reported orders substantially exceeding the amount offered. The financing provides additional capital for data centers, though it also highlights the scale of Alphabet’s spending needs. Alphabet bond sale
• Neutral Sentiment: Analysts and investors are divided. Some view the selloff as a valuation opportunity because Alphabet’s shares appear inexpensive relative to its growth potential, while others prefer to see evidence that AI spending is producing stronger cash returns.
• Negative Sentiment: AI spending is pressuring cash flow. Capital expenditures on chips, data centers and related infrastructure reportedly pushed free cash flow negative by about $9.1 billion for a second consecutive quarter. Management also expects spending to remain elevated, raising concerns about returns on invested capital and the need for external financing. Alphabet AI spending concerns
• Negative Sentiment: Core search growth and quarterly profitability disappointed. Search revenue reportedly grew about 12% to approximately $63 billion, as AI-generated answers threaten traditional advertising and user clicks. Alphabet also reported quarterly EPS of $2.12 versus a $3.02 consensus estimate, reinforcing fears that AI may disrupt its highest-margin business before new revenue streams mature.
• Negative Sentiment: Legal overhang has increased. Several law firms publicized securities class-action deadlines for investors who purchased Alphabet shares between May 19 and July 16, alleging undisclosed adverse information. The announcements may weigh on sentiment, although they do not establish liability. Alphabet securities lawsuit notice

About Alphabet

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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