Alphabet Inc. $GOOGL Stock Acquired by Cyndeo Wealth Partners LLC

Key Points

• Cyndeo Wealth Partners increased its Alphabet stake by 10.1% in the third quarter, adding 9,506 shares for a total of 104,020 shares valued at approximately $35.8 million. Alphabet now represents about 1.6% of Cyndeo’s portfolio.
• Alphabet continues to attract institutional support, with State Street, Amundi, Mitsubishi UFJ and other major investors also raising their positions; institutions and hedge funds own approximately 40.03% of the stock.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and an average price target of $426.04, although investors remain focused on Google Cloud and AI growth as well as risks from a TPU delay and legal challenges.

Cyndeo Wealth Partners LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 10.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,020 shares of the information services provider's stock after buying an additional 9,506 shares during the period. Alphabet makes up approximately 1.6% of Cyndeo Wealth Partners LLC's investment portfolio, making the stock its 8th largest position. Cyndeo Wealth Partners LLC's holdings in Alphabet were worth $35,791,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Alphabet by 5.6% during the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock worth $85,403,303,000 after acquiring an additional 12,718,127 shares during the period. Amundi boosted its position in shares of Alphabet by 4.6% during the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider's stock worth $11,865,809,000 after acquiring an additional 1,457,371 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Alphabet by 10.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider's stock worth $6,334,186,000 after acquiring an additional 1,631,721 shares in the last quarter. Swiss National Bank boosted its position in shares of Alphabet by 7.1% during the 1st quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider's stock worth $4,911,467,000 after acquiring an additional 1,139,400 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Alphabet by 90.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider's stock valued at $4,900,078,000 after acquiring an additional 8,112,680 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud’s 82% second-quarter growth remains the key catalyst. Investors expect another strong performance, potentially exceeding 100% revenue growth, as demand for AI computing capacity remains high. Google Cloud revenue outlook
• Positive Sentiment: Analysts and market commentators continue to highlight Alphabet’s AI advantages, including Gemini, internally developed tensor processing units (TPUs), strong cash generation and a lower valuation relative to some large technology peers. KeyCorp maintained an “overweight” rating despite lowering its price target to $410 from $435. Alphabet AI strategy
• Positive Sentiment: Google reported a major quantum-computing error-reduction breakthrough, while its carbon-removal and lower-carbon power initiatives could strengthen Alphabet’s long-term technology and infrastructure positioning. Quantum computing breakthrough
• Neutral Sentiment: Former Google CEO Eric Schmidt reportedly owns a 1% stake in Anthropic. The investment underscores the competitive AI landscape but does not directly change Alphabet’s financial results. Schmidt Anthropic stake
• Negative Sentiment: Investors remain concerned that a reported delay to Google’s next TPU could postpone revenue and profit benefits from Alphabet’s custom-chip strategy. Upcoming results will need to show that TPU demand is translating into meaningful earnings. Google TPU delay
• Negative Sentiment: Multiple law firms publicized a securities-fraud class action covering investors who purchased Alphabet securities from May 19 through July 16, 2026. The complaints allege Alphabet failed to disclose adverse information related to the delayed Gemini 3.5 Pro launch; the lead-plaintiff deadline is December 1, 2026. Alphabet shareholder lawsuit alert
• Negative Sentiment: The U.S. Supreme Court rejected Google’s challenge to a patent-agency review policy, leaving the company exposed to potentially less favorable patent-review procedures. Supreme Court patent ruling

Analyst Upgrades and Downgrades

GOOGL has been the subject of several research analyst reports. Truist Financial set a $420.00 price objective on shares of Alphabet and gave the company a "buy" rating in a research report on Thursday, July 23rd. Pivotal Research reaffirmed a "buy" rating and issued a $475.00 target price (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. Evercore reaffirmed an "outperform" rating and issued a $450.00 target price on shares of Alphabet in a report on Wednesday, September 16th. Weiss Ratings reiterated a "buy (b)" rating on shares of Alphabet in a research note on Thursday. Finally, Morgan Stanley set a $400.00 price target on Alphabet and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Five 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 data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $426.04.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction dated 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 directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 402,479 shares of company stock valued at $7,946,534 in the last 90 days. Corporate insiders own 11.61% of the company's stock.

Alphabet Stock Up 1.1%

Shares of NASDAQ:GOOGL opened at $344.18 on Tuesday. The company has a fifty day moving average of $344.00 and a 200-day moving average of $352.27. The company has a market capitalization of $4.21 trillion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a 52-week low of $244.15 and a 52-week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The company had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. On average, equities analysts predict that Alphabet Inc. will post 20.55 EPS for the current fiscal year.

Alphabet Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.