Alphabet Inc. $GOOGL Stock: Grace & White Inc. NY Grows Position

Key Points

• Grace & White Inc. NY increased its Alphabet position by 83% in the third quarter, bringing its holdings to 18,711 shares valued at approximately $6.44 million. Hedge funds and other institutional investors own 40.03% of Alphabet.
• Alphabet reported quarterly earnings of $2.12 per share, below the $3.02 consensus estimate, while revenue of $127.58 billion slightly missed expectations. Shares opened at $279.84, near their 52-week low and well below their 50- and 200-day moving averages.
• Analysts maintain an overall “Buy” rating with a consensus price target of $410.46, despite several recent target reductions. Investors remain focused on strong Google Cloud and AI growth, weighed against heavy infrastructure spending, weaker-than-expected Search results, and related earnings pressures.

Grace & White Inc. NY raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 83.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,711 shares of the information services provider's stock after purchasing an additional 8,486 shares during the period. Grace & White Inc. NY's holdings in Alphabet were worth $6,438,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Strategic Wealth Advisors LLC raised its holdings in shares of Alphabet by 6.0% in the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock valued at $137,000 after acquiring an additional 27 shares in the last quarter. Rockbridge Investment Management LCC lifted its stake in Alphabet by 0.5% in the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider's stock worth $1,570,000 after acquiring an additional 27 shares during the period. Ruggaard & Associates LLC lifted its stake in Alphabet by 0.9% in the first quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider's stock worth $840,000 after acquiring an additional 27 shares during the period. Cadia Private Client LLC grew its holdings in Alphabet by 1.1% during the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock worth $744,000 after acquiring an additional 28 shares in the last quarter. Finally, Evansbrook LLC grew its holdings in Alphabet by 0.3% during the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock worth $2,738,000 after acquiring an additional 28 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Down 1.4%

Shares of Alphabet stock opened at $279.84 on Friday. The firm's 50 day moving average price is $339.07 and its 200-day moving average price is $340.17. The company has a quick ratio of 2.64, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. Alphabet Inc. has a 52-week low of $270.70 and a 52-week high of $408.61. The company has a market cap of $3.42 trillion, a P/E ratio of 14.61, a PEG ratio of 0.82 and a beta of 1.21.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The firm had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.96 billion. On average, sell-side analysts predict that Alphabet Inc. will post 20.05 EPS for the current fiscal year.

Analyst Ratings Changes

GOOGL has been the topic of a number of research reports. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research report on Thursday, October 15th. Rosenblatt Securities lowered their price target on shares of Alphabet from $410.00 to $380.00 and set a "buy" rating for the company in a research report on Thursday. DA Davidson dropped their price objective on shares of Alphabet from $350.00 to $300.00 and set a "neutral" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of Alphabet from $420.00 to $425.00 and gave the company an "overweight" rating in a report on Thursday, October 15th. Finally, Yorkville Ives assumed coverage on Alphabet in a report on Monday, October 5th. They issued an "outperform" rating and a $400.00 price target on the stock. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $410.46.

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director directly owned 19,076 shares of the company's stock, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 247 shares of company stock valued at $79,238 over the last 90 days. 11.61% of the stock is currently owned by insiders.

More Alphabet News

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.

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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