Alphabet Inc. $GOOGL Stock Bought by Bank Pictet & Cie Europe AG

Key Points

• Bank Pictet & Cie Europe AG increased its Alphabet stake by 2.1% in the third quarter, bringing its holdings to 1.22 million shares valued at approximately $418.7 million. Alphabet represents 7.9% of the bank’s portfolio, while institutional investors own 40.03% of the stock.
• Alphabet reported quarterly EPS of $9.11, far exceeding the $2.89 consensus estimate, while revenue reached $119.8 billion versus expectations of $117.07 billion. GOOGL recently opened at $320.21, below its 50-day and 200-day moving averages.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $425.04, supported by expectations for AI, cloud and advertising growth. However, investors remain focused on rising AI infrastructure spending, potential margin pressure, legal claims and a reported Google Cloud outage.

Bank Pictet & Cie Europe AG grew its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,216,893 shares of the information services provider's stock after acquiring an additional 25,513 shares during the period. Alphabet comprises approximately 7.9% of Bank Pictet & Cie Europe AG's investment portfolio, making the stock its 4th biggest position. Bank Pictet & Cie Europe AG's holdings in Alphabet were worth $418,709,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GOOGL. EMC Capital Management purchased a new position in shares of Alphabet in the 2nd quarter valued at about $35,000. Core Capital Management & Research inc. purchased a new position in Alphabet during the second quarter worth approximately $41,000. Intelligent Financial Strategies purchased a new position in Alphabet during the third quarter worth approximately $41,000. Premier Financial Group purchased a new position in Alphabet during the second quarter worth approximately $45,000. Finally, Graney & King LLC boosted its position in Alphabet by 38.5% during the second quarter. Graney & King LLC now owns 180 shares of the information services provider's stock worth $64,000 after purchasing an additional 50 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Performance

GOOGL opened at $320.21 on Friday. The firm has a market capitalization of $3.92 trillion, a PE ratio of 16.08, a PEG ratio of 0.92 and a beta of 1.21. Alphabet Inc. has a twelve month low of $255.32 and a twelve month high of $408.61. The firm's 50-day moving average price is $342.79 and its 200 day moving average price is $352.81. 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 announced its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $6.22. The company had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. As a group, sell-side analysts expect that Alphabet Inc. will post 20.60 EPS for the current fiscal year.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s AI investment story remains a potential long-term support. Analysts and investors point to rising demand for Google Cloud, internally developed TPU chips, advertising resilience, and the potential for Gemini and other AI products to drive future growth. Alphabet Investing Behind AI Demand and TPU Growth
• Positive Sentiment: Pre-earnings coverage remains constructive on Alphabet’s third-quarter outlook, citing AI adoption, cloud growth, and advertising strength. Erste Group also modestly raised its fiscal 2027 EPS forecast, while Citizens JMP maintained a “market outperform” rating despite lowering its price target. Pre-Q3 Earnings Alphabet Stock Outlook
• Neutral Sentiment: Alphabet’s quarterly preferred-stock dividend announcement is unlikely to materially affect GOOGL common shares. Investors are instead focused on operating results, capital expenditures, margins, and management’s AI spending guidance.
• Neutral Sentiment: The upcoming earnings report is the key near-term catalyst. Strong cloud and advertising metrics could help stabilize the stock, but investors may react negatively if capital spending rises faster than AI-related revenue and cash flow.
• Negative Sentiment: Multiple law firms announced or promoted securities-fraud class actions against Alphabet concerning the May 19–July 16 trading period. The complaints allege that Alphabet failed to disclose important information about Gemini 3.5 Pro’s development and launch readiness; the allegations have not been proven. Lead-plaintiff deadlines are generally December 1, with one notice citing November 30. Kaplan Fox Alphabet Class Action Notice
• Negative Sentiment: A reported Google Cloud outage in London disrupted financial and public-sector services and prompted scrutiny from UK regulators and lawmakers, raising operational, reputational, and regulatory concerns. Alphabet Cloud Outage and Regulation
• Negative Sentiment: The broader AI sell-off is weighing on Alphabet as investors question whether enormous data-center, chip, power, and compute expenditures will generate adequate returns. Heavy spending is also contributing to concerns about future margins and valuation.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Cantor Fitzgerald restated an "overweight" rating and issued a $420.00 price objective on shares of Alphabet in a research report on Monday, October 12th. Piper Sandler increased their target price on Alphabet from $395.00 to $400.00 and gave the company an "overweight" rating in a research report on Monday, September 28th. Benchmark reissued a "buy" rating on shares of Alphabet in a research note on Thursday, October 1st. Yorkville Ives began coverage on shares of Alphabet in a report on Monday, October 5th. They issued an "outperform" rating and a $400.00 price target for the company. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $480.00 price target (up from $465.00) on shares of Alphabet in a report on Tuesday. Five investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Alphabet currently has a consensus rating of "Buy" and an average target price of $425.04.

Insiders Place Their Bets

In other news, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $28,257.35. Following the transaction, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% 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 ninety days. 11.61% of the stock is currently owned by corporate insiders.

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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