Alphabet Inc. $GOOGL Stock: Fifth Third Wealth Advisors LLC Boosts Stake

Key Points

• Fifth Third Wealth Advisors increased its Alphabet stake by 1.2% in the third quarter, bringing its holdings to 247,898 shares valued at approximately $85.3 million. Institutional investors own about 40% of Alphabet.
• Alphabet’s stock opened at $279.84, well below its 50-day and 200-day moving averages, after the company reported quarterly earnings and revenue below analyst expectations. Heavy AI infrastructure spending also resulted in approximately $9.1 billion in negative free cash flow.
• Despite recent weakness and concerns over AI monetization, analysts remain broadly bullish, citing strong Google Cloud growth and AI demand. Alphabet has a consensus “Buy” rating and an average price target of $410.46, though some firms recently lowered their targets.

Fifth Third Wealth Advisors LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 247,898 shares of the information services provider's stock after purchasing an additional 2,850 shares during the period. Alphabet comprises approximately 2.2% of Fifth Third Wealth Advisors LLC's holdings, making the stock its 8th biggest holding. Fifth Third Wealth Advisors LLC's holdings in Alphabet were worth $85,297,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. EMC Capital Management bought a new position in Alphabet in the 2nd quarter worth approximately $35,000. Core Capital Management & Research inc. acquired a new position in shares of Alphabet during the second quarter valued at $41,000. Intelligent Financial Strategies bought a new position in Alphabet in the third quarter valued at about $41,000. Premier Financial Group acquired a new stake in Alphabet in the second quarter worth about $45,000. Finally, Van Den Berg Management I Inc. raised its holdings in Alphabet by 319.6% during the 1st quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider's stock worth $61,000 after purchasing an additional 163 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of the firm'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 completion of the transaction, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 247 shares of company stock worth $79,238 over the last ninety days. Corporate insiders own 11.61% of the company's stock.

Alphabet Trading Down 1.4%

Alphabet stock opened at $279.84 on Friday. The firm has a 50-day moving average of $339.07 and a 200-day moving average of $340.17. Alphabet Inc. has a one year low of $270.70 and a one year high of $408.61. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.64. The company has a market cap of $3.42 trillion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 0.83 and a beta of 1.21.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.02 by ($0.90). The company had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.96 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. On average, equities analysts expect that Alphabet Inc. will post 20.40 earnings per share for the current fiscal year.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results support Alphabet’s position as a major beneficiary of enterprise AI demand. Alphabet's Cloud Business Just Doubled
• Positive Sentiment: Several analysts remain constructive after the selloff. Guggenheim and Needham reaffirmed “buy” ratings with $450 targets, while Citigroup and Wells Fargo retained bullish ratings and projected substantial upside despite lowering their targets.
• Positive Sentiment: Alphabet’s AI ecosystem could gain from rising demand for cloud capacity and specialized chips. Waymo is also expanding internationally through a partnership with Toyota, although the business remains small relative to Alphabet’s core operations. Waymo taps Toyota to supply robotaxis
• Neutral Sentiment: Multiple securities law firms publicized class-action lawsuits and lead-plaintiff deadlines tied to alleged disclosures about Alphabet’s Gemini AI development. These notices add headline risk, but their direct financial impact remains uncertain.
• Negative Sentiment: Alphabet reported adjusted earnings of $2.12 per share, below consensus near $2.94-$3.02, while revenue of $127.6 billion also missed expectations. Search and other revenue grew about 12% to roughly $63 billion, but fell short of forecasts, reinforcing fears that AI-generated answers and “AI mode” searches may monetize less effectively than traditional Search.
• Negative Sentiment: AI infrastructure spending caused free cash flow to remain negative by roughly $9.1 billion for a second consecutive quarter. Investors are questioning whether the enormous capital outlays will produce adequate returns and whether Alphabet may need additional debt or equity financing.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment reduced quarterly earnings by approximately $0.55 per share, while an EU antitrust fine further pressured results. Analysts including RBC, Wells Fargo, Citigroup, Wedbush, KeyCorp and Cantor Fitzgerald lowered price targets, even though most maintained positive ratings.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Alphabet from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research note on Thursday, October 15th. Needham & Company LLC reissued a "buy" rating and set a $450.00 price target on shares of Alphabet in a research note on Thursday. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $385.00 price objective on shares of Alphabet in a research note on Thursday. Finally, Guggenheim reissued a "buy" rating and issued a $450.00 price target on shares of Alphabet in a research note on Thursday. Five research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $410.46.

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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