Alphabet Inc. $GOOGL Stock Bought by Generali Investments Management Co LLC

Key Points

• Generali Investments Management increased its Alphabet position by 7.2% in the third quarter, bringing its holdings to 110,598 shares worth approximately $38.1 million. Institutional investors collectively own 40.03% of Alphabet.
• Alphabet has a consensus “Buy” rating from analysts, with an average price target of $426.34, supported by expectations for growth in Google Cloud, AI services, Search and Waymo.
• Shares opened at $334.68, down 1.6%, while investors continue to weigh strong earnings and AI momentum against cloud-capacity constraints, outage concerns and ongoing regulatory and legal risks.

Generali Investments Management Co LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 110,598 shares of the information services provider's stock after acquiring an additional 7,472 shares during the period. Alphabet makes up about 7.3% of Generali Investments Management Co LLC's holdings, making the stock its 2nd biggest position. Generali Investments Management Co LLC's holdings in Alphabet were worth $38,055,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Onyx Bridge Wealth Group LLC lifted its position in Alphabet by 3.3% during the third quarter. Onyx Bridge Wealth Group LLC now owns 17,089 shares of the information services provider's stock valued at $5,880,000 after purchasing an additional 550 shares during the last quarter. Brown Lisle Cummings Inc. grew its stake in Alphabet by 0.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 52,898 shares of the information services provider's stock worth $18,201,000 after buying an additional 353 shares in the last quarter. Ardent Capital Management Inc. purchased a new position in Alphabet in the 3rd quarter worth approximately $8,003,000. FIDELIS iM LLC bought a new position in shares of Alphabet in the 3rd quarter worth $483,000. Finally, Founders Grove Wealth Partners LLC increased its holdings in shares of Alphabet by 1.8% in the 3rd quarter. Founders Grove Wealth Partners LLC now owns 9,398 shares of the information services provider's stock worth $3,234,000 after buying an additional 164 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: OpenAI deal supports Google Cloud. OpenAI plans to make its leading models available through Google Cloud, adding a high-profile customer and potentially increasing demand for Alphabet’s cloud infrastructure and AI services. OpenAI to sell its top models on Google Cloud
• Positive Sentiment: AI and cloud remain central to the bullish case. Analysts and investors point to accelerating Google Cloud growth, rising demand for Alphabet’s custom AI chips, resilient Search revenue and potential earnings upside. TikTok’s shift of advertising spending toward YouTube could also provide a modest advertising tailwind. Cathie Wood Trimmed Ark's Alphabet Stake
• Positive Sentiment: Waymo expansion adds longer-term optionality. Alphabet’s autonomous-driving unit has begun airport rides in Las Vegas and reportedly plans to expand its fleet substantially, while also preparing a Madrid launch. These developments could strengthen the value of Alphabet’s “Other Bets” portfolio. Waymo starts offering rides at the Las Vegas airport
• Neutral Sentiment: Earnings expectations are elevated. Wall Street expects continued revenue and earnings growth, with particular attention on Cloud growth, AI monetization, Search trends and capital spending. A beat or cautious guidance on October 28 could determine the next major move.
• Negative Sentiment: Cloud capacity and outage concerns are weighing on sentiment. Alphabet has acknowledged that Google Cloud is giving up some near-term revenue as it prioritizes AI capacity. A recent outage disrupted U.K. banking services and prompted questions from European regulators, highlighting operational and reputational risks. Europe's financial regulators query Google over cloud outage
• Negative Sentiment: Regulatory and legal overhang persists. U.S. senators are investigating Google’s push to use AI in schools amid concerns about student welfare. Separately, multiple law firms are publicizing a securities class action alleging misstatements related to the Gemini 3.5 Pro launch timeline, with lead-plaintiff deadlines in late November and early December. Senators launch inquiry into Google's AI push in schools

Wall Street Analyst Weigh In

GOOGL has been the topic of several research reports. Phillip Securities upgraded shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 27th. Rosenblatt Securities reiterated a "buy" rating and issued a $410.00 target price on shares of Alphabet in a research report on Thursday, September 3rd. Citizens Jmp reiterated a "market outperform" rating and issued a $515.00 target price on shares of Alphabet in a research report on Wednesday, July 22nd. Wells Fargo & Company reissued an "overweight" rating and issued a $417.00 target price (up from $411.00) on shares of Alphabet in a research note on Tuesday, October 6th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $425.00 price target on shares of Alphabet in a research report on Thursday, July 23rd. Five equities 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. According to MarketBeat.com, Alphabet has a consensus rating of "Buy" and an average target price of $426.34.

Alphabet Stock Down 1.6%

Shares of NASDAQ GOOGL opened at $334.68 on Thursday. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 52 week low of $249.29 and a 52 week high of $408.61. The firm's fifty day moving average is $343.75 and its 200 day moving average is $352.84. The company has a market cap of $4.09 trillion, a price-to-earnings ratio of 16.81, a PEG ratio of 0.98 and a beta of 1.21.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted 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. The company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, equities research analysts expect that Alphabet Inc. will post 20.60 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Marsida Saraci sold 449 shares of the company's 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 approximately $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frances Arnold sold 83 shares of the firm's stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the sale, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 339,182 shares of company stock valued at $6,740,093 in the last quarter. Insiders own 11.61% of the company's stock.

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.