Alphabet Inc. $GOOGL Stock Acquired by Fairvoy Private Wealth LLC

Key Points

• Fairvoy Private Wealth LLC increased its Alphabet stake by 13.4% in the third quarter, bringing its holdings to 22,153 shares valued at approximately $7.6 million.
• Several major institutional investors, including State Street, Amundi, Mitsubishi UFJ Asset Management, Swiss National Bank and Arrowstreet Capital, also expanded their positions; institutions collectively own 40.03% of Alphabet.
• Alphabet reported quarterly revenue of $119.8 billion and earnings per share of $9.11, beating analyst estimates, while analysts maintain a consensus “Buy” rating with a $425.04 price target. Insiders, however, have sold about $6.3 million of stock over the past 90 days.

Fairvoy Private Wealth LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 13.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 22,153 shares of the information services provider's stock after purchasing an additional 2,619 shares during the period. Alphabet makes up approximately 1.5% of Fairvoy Private Wealth LLC's holdings, making the stock its 16th largest position. Fairvoy Private Wealth LLC's holdings in Alphabet were worth $7,622,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GOOGL. State Street Corp lifted its holdings in shares of Alphabet by 5.6% during the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock worth $85,403,303,000 after buying an additional 12,718,127 shares during the last quarter. Amundi grew its stake in shares of Alphabet by 4.6% in the second 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 during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Alphabet by 10.1% in the second 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 during the last quarter. Swiss National Bank grew its stake in shares of Alphabet by 7.1% in the first 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 during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of 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 worth $4,900,078,000 after acquiring an additional 8,112,680 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 315,765 shares of company stock valued at $6,297,980 in the last 90 days. 11.61% of the stock is currently owned by company insiders.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $324.22 on Friday. The firm has a market capitalization of $3.97 trillion, a price-to-earnings ratio of 16.28, a PEG ratio of 0.97 and a beta of 1.21. Alphabet Inc. has a one year low of $251.85 and a one year high of $408.61. The business has a fifty day simple moving average of $343.31 and a 200 day simple moving average of $353.04. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. Sell-side analysts expect that Alphabet Inc. will post 20.60 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Tigress Financial reaffirmed a "strong-buy" rating and set a $485.00 target price (up from $415.00) on shares of Alphabet in a research report on Thursday, September 17th. UBS Group reissued a "neutral" rating and issued a $380.00 price target (up from $379.00) on shares of Alphabet in a report on Wednesday, October 14th. Roth Capital restated a "buy" rating and issued a $440.00 price target (up from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Benchmark restated a "buy" rating on shares of Alphabet in a report on Thursday, October 1st. Finally, Yorkville Ives assumed coverage on shares of Alphabet in a research report on Monday, October 5th. They set an "outperform" rating and a $400.00 price objective for the company. Five research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $425.04.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud and AI demand remain key bullish factors. Coverage highlights accelerating Google Cloud growth, expanding demand for AI infrastructure, and Alphabet’s Gemini models and in-house chips as potential drivers of future revenue and margins. OpenAI’s decision to make its models available through Google Cloud could also increase enterprise cloud usage. OpenAI to bring AI models to Google's cloud
• Positive Sentiment: Some analysts see substantial upside. Bullish commentary points to strong search and cloud fundamentals, a lower valuation than many large technology peers, and potential upside if Alphabet demonstrates that AI spending is translating into durable growth. TikTok’s reported shift of advertising toward YouTube may provide an additional, though smaller, benefit. Alphabet could still have room to run
• Positive Sentiment: Citizens JMP maintained an outperform rating. The firm lowered its price target from $515 to $450, but the revised target still implies considerable potential appreciation from current levels. Banking giant cuts Google stock price target

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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