Alphabet Inc. $GOOGL Shares Purchased by Mirador Capital Partners LP

Key Points

• Mirador Capital Partners increased its Alphabet stake by 2.9% in the third quarter, holding 57,592 shares valued at approximately $19.8 million. Institutional investors own about 40.03% of Alphabet.
• Alphabet’s AI expansion remains a major focus, with the company unveiling Gemini Agent for multistep enterprise tasks and reportedly testing a newer Gemini model. Analysts remain bullish, with a consensus “Buy” rating and an average price target of $425.72.
• Alphabet recently reported quarterly revenue of $119.8 billion and EPS of $9.11, both exceeding expectations. Shares opened at $351.66, while the company continues paying a quarterly dividend of $0.22 per share.

Mirador Capital Partners LP lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 57,592 shares of the information services provider's stock after acquiring an additional 1,597 shares during the period. Alphabet makes up 2.3% of Mirador Capital Partners LP's investment portfolio, making the stock its 9th biggest position. Mirador Capital Partners LP's holdings in Alphabet were worth $19,816,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Wealth Advisors LLC raised its position in Alphabet by 6.0% during the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock valued at $137,000 after purchasing an additional 27 shares in the last quarter. Rockbridge Investment Management LCC boosted its holdings in shares of Alphabet by 0.5% in the 1st quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider's stock worth $1,570,000 after purchasing an additional 27 shares in the last quarter. Ruggaard & Associates LLC boosted its holdings in shares of Alphabet by 0.9% in the 1st quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider's stock worth $840,000 after purchasing an additional 27 shares in the last quarter. Cadia Private Client LLC boosted its holdings in shares of Alphabet by 1.1% in the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock worth $744,000 after purchasing an additional 28 shares in the last quarter. Finally, Evansbrook LLC grew its position in Alphabet by 0.3% during the first quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock valued at $2,738,000 after acquiring an additional 28 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled Gemini Agent, an AI system designed to complete multistep tasks across Gmail, Docs, Sheets, Calendar and third-party platforms such as Microsoft 365, Salesforce Slack, Jira and Snowflake. The enterprise focus could support Google Cloud growth and create new Workspace monetization opportunities. Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
• Positive Sentiment: TD Cowen raised its Alphabet price target to $485 while maintaining a Buy rating after the Gemini Agent announcement. Other coverage continues to be broadly bullish, with analysts citing Alphabet’s valuation, advertising business, cloud expansion and AI potential. Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
• Positive Sentiment: Employees are reportedly testing Gemini 4 Carbon, a newer internal model that could improve Alphabet’s competitiveness against OpenAI and Anthropic if it delivers better performance. The report is speculative, but it reinforces expectations for continued AI investment. Google is about to roll out a new AI model
• Positive Sentiment: Alphabet’s reported roughly $13 billion Nordic AI data-center investment highlights access to reliable, lower-cost power and could help address U.S. permitting and grid constraints, though the spending also raises capital-intensity concerns. Google's $13 Billion Nordic Bet

Insider Transactions at Alphabet

In related 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 transaction of $149,606.80. Following the completion of the transaction, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. This trade represents a 1.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The disclosure for this sale is available in the SEC filing. Insiders have sold 441,399 shares of company stock valued at $8,677,053 in the last three months. 11.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on GOOGL shares. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research note on Friday, July 17th. Rosenblatt Securities restated a "buy" rating and set a $410.00 target price on shares of Alphabet in a report on Thursday, September 3rd. Benchmark reaffirmed a "buy" rating on shares of Alphabet in a research note on Thursday, October 1st. Truist Financial set a $420.00 price target on Alphabet and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Finally, Roth Capital reiterated a "buy" rating and issued a $440.00 price target (up from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Five analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Alphabet has a consensus rating of "Buy" and an average target price of $425.72.

Alphabet Price Performance

Shares of GOOGL stock opened at $351.66 on Friday. The business's fifty day moving average is $345.90 and its 200 day moving average is $349.18. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The stock has a market cap of $4.30 trillion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.02 and a beta of 1.21. Alphabet Inc. has a twelve month low of $235.84 and a twelve month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.89 by $6.22. The business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Research analysts expect that Alphabet Inc. will post 20.54 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

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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