Alphabet Inc. $GOOGL Stock Holdings Raised by Vertrix Wealth Management LLC

Key Points

• Vertrix Wealth Management increased its Alphabet position by 31% in the third quarter, bringing its holdings to 15,281 shares valued at approximately $5.26 million. Institutional investors collectively own about 40% of Alphabet’s stock.
• Alphabet reported quarterly revenue of $119.8 billion and earnings of $9.11 per share, exceeding analyst expectations. The company also pays a quarterly dividend of $0.22 per share, equating to a 0.2% yield.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $425.72, although Gemini-related litigation and disruptions to Google search referrals represent notable risks.

Vertrix Wealth Management LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 31.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,281 shares of the information services provider's stock after acquiring an additional 3,618 shares during the period. Alphabet makes up approximately 1.8% of Vertrix Wealth Management LLC's portfolio, making the stock its 17th largest position. Vertrix Wealth Management LLC's holdings in Alphabet were worth $5,258,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GOOGL. State Street Corp boosted its stake in Alphabet by 5.6% during the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock valued at $85,403,303,000 after purchasing an additional 12,718,127 shares during the last quarter. Invesco Ltd. raised its stake in shares of Alphabet by 0.5% in the fourth quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider's stock worth $14,208,470,000 after purchasing an additional 208,362 shares during the last quarter. Amundi raised 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 purchasing an additional 1,457,371 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Alphabet by 10.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider's stock valued at $6,334,186,000 after purchasing an additional 1,631,721 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Alphabet by 11.9% during the fourth quarter. Hsbc Holdings PLC now owns 16,466,253 shares of the information services provider's stock valued at $5,154,034,000 after purchasing an additional 1,749,161 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Performance

GOOGL stock opened at $352.72 on Tuesday. The company has a market cap of $4.31 trillion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21. Alphabet Inc. has a 1 year low of $239.71 and a 1 year high of $408.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The stock's fifty day moving average price is $345.48 and its 200-day moving average price is $349.96.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate 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 return on equity of 51.32% and a net margin of 54.77%. On average, equities analysts forecast that Alphabet Inc. will post 20.54 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet's dividend payout ratio is presently 4.42%.

Insider Buying and Selling

In related news, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction that occurred on 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 sale, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frances Arnold sold 83 shares of the business's stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 441,399 shares of company stock valued at $8,677,053. 11.61% of the stock is owned by insiders.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analyst support remains strong. Cantor Fitzgerald reaffirmed an “Overweight” rating and a $420 price target, implying meaningful upside from recent levels. Longer-term commentary also points to Alphabet’s large Google Cloud backlog and growing AI demand as potential drivers. Cantor Fitzgerald Reaffirms Overweight Rating for Alphabet
• Positive Sentiment: Cloud and AI infrastructure remain key growth themes. Google Cloud reportedly generated $24.8 billion in second-quarter revenue, while its backlog reached approximately $514 billion. Alphabet’s 3.59-gigawatt nuclear-power agreement with Constellation also highlights efforts to secure reliable electricity for energy-intensive AI data centers. Alphabet Google Cloud Growth
• Positive Sentiment: New consumer-health initiatives could broaden Alphabet’s ecosystem. Google introduced the $180 Fitbit Edge and partnered with Function Health to combine wearable data with extensive laboratory testing, potentially increasing engagement with Google’s devices and subscription services. Fitbit Edge Is Google’s Middle Ground
• Negative Sentiment: Gemini-related litigation is the most immediate overhang. A securities-fraud class action alleges Alphabet misrepresented the development progress of Gemini 3.5 Pro, including coding and training-data setbacks, before a sharp share-price decline. Multiple law firms are publicizing the case and lead-plaintiff deadlines, increasing headline and potential legal risk. The allegations have not been proven. Alphabet AI Issues and Securities Fraud Class Action
• Negative Sentiment: Google search-distribution changes are hurting some publishers. Reach, publisher of the Daily Mirror and Express, reported a 20.3% decline in third-quarter digital revenue, attributing much of the weakness to disrupted Google referrals. While this is not direct evidence of weaker Alphabet revenue, it highlights potential publisher backlash and uncertainty around AI-driven search traffic. Daily Mirror Publisher Reach Hit by Google Traffic Slump

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GOOGL shares. Cantor Fitzgerald reiterated an "overweight" rating and issued a $420.00 price objective on shares of Alphabet in a report on Monday. Evercore reissued an "outperform" rating and issued a $450.00 target price on shares of Alphabet in a research report on Wednesday, September 16th. Phillip Securities upgraded shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 27th. Wedbush reaffirmed an "outperform" rating and set a $445.00 price target on shares of Alphabet in a report on Thursday, July 23rd. Finally, Piper Sandler raised their price target on shares of Alphabet from $395.00 to $400.00 and gave the company an "overweight" rating in a report on Monday, September 28th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Buy" and an average target price of $425.72.

Alphabet Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.

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