Alphabet Inc. $GOOGL Shares Purchased by E. Ohman J or Asset Management AB

Key Points

• E. Ohman J or Asset Management AB increased its Alphabet stake by 1.8% in the third quarter, adding 13,164 shares to hold 749,452 shares valued at approximately $257.9 million. Institutional investors collectively own 40.03% of Alphabet.
• Wall Street remains broadly positive, with an average rating of “Buy” and an average price target of $425.04; BMO raised its target to $480 while UBS maintained a neutral rating.
• Alphabet’s latest quarterly results missed expectations, with earnings of $2.12 per share and revenue of $127.58 billion, while heavy AI and data-center spending pressured free cash flow despite accelerating Google Cloud growth.

E. Ohman J or Asset Management AB lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 749,452 shares of the information services provider's stock after purchasing an additional 13,164 shares during the period. Alphabet makes up 5.8% of E. Ohman J or Asset Management AB's holdings, making the stock its 4th biggest holding. E. Ohman J or Asset Management AB's holdings in Alphabet were worth $257,871,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GOOGL. Reyes Financial Architecture Inc. grew its position in Alphabet by 21.0% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 3,895 shares of the information services provider's stock worth $1,340,000 after purchasing an additional 677 shares during the last quarter. Marion Wealth Management increased its stake in Alphabet by 1.3% in the third quarter. Marion Wealth Management now owns 18,415 shares of the information services provider's stock valued at $6,336,000 after purchasing an additional 236 shares during the period. Cypress Wealth Services LLC increased its stake in Alphabet by 0.9% in the third quarter. Cypress Wealth Services LLC now owns 27,835 shares of the information services provider's stock valued at $9,678,000 after purchasing an additional 240 shares during the period. Kooman & Associates raised its holdings in shares of Alphabet by 8.4% in the third quarter. Kooman & Associates now owns 1,277 shares of the information services provider's stock valued at $439,000 after buying an additional 99 shares during the last quarter. Finally, Woodward Diversified Capital LLC raised its holdings in shares of Alphabet by 4.7% in the third quarter. Woodward Diversified Capital LLC now owns 14,625 shares of the information services provider's stock valued at $5,032,000 after buying an additional 652 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Activity at Alphabet

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GOOGL. BMO Capital Markets restated an "outperform" rating and issued a $480.00 price target (up from $465.00) on shares of Alphabet in a research report on Tuesday, October 20th. Piper Sandler increased their price objective on Alphabet from $395.00 to $400.00 and gave the stock an "overweight" rating in a research report on Monday, September 28th. Morgan Stanley set a $400.00 target price on Alphabet and gave the company an "overweight" rating in a research note on Thursday, July 23rd. UBS Group reiterated a "neutral" rating and issued a $380.00 target price (up from $379.00) on shares of Alphabet in a research note on Wednesday, October 14th. Finally, Zacks Research lowered Alphabet from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. Five research 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. Based on data from MarketBeat.com, Alphabet has an average rating of "Buy" and an average target price of $425.04.

Alphabet Price Performance

Alphabet stock opened at $324.89 on Thursday. Alphabet Inc. has a one year low of $267.67 and a one year high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The business has a fifty day moving average of $341.50 and a two-hundred day moving average of $340.66. The company has a market cap of $3.97 trillion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 0.92 and a beta of 1.21.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its 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 return on equity of 51.32% and a net margin of 54.77%. The company had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.96 billion. As a group, analysts predict that Alphabet Inc. will post 20.60 earnings per share for the current fiscal year.

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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