Alphabet Inc. $GOOGL Stock: N10 Wealth LLC Raises Holdings

Key Points

• N10 Wealth LLC increased its Alphabet stake by 39.6% in the third quarter to 48,455 shares valued at $16.7 million, making Alphabet its sixth-largest portfolio holding. Institutional investors collectively own 40.03% of Alphabet.
• Alphabet’s AI expansion remains a key growth driver, with the launch of Gemini 4 Argon and rising analyst price targets tied to its AI software and in-house TPU chip business. Analysts maintain a consensus “Buy” rating with a $425.74 target price.
• Investors also face risks from heavy AI infrastructure spending, potential pressure on free cash flow, and securities litigation alleging misrepresentations related to the Gemini 3.5 Pro launch.

N10 Wealth LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 39.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,455 shares of the information services provider's stock after acquiring an additional 13,749 shares during the quarter. Alphabet accounts for approximately 4.7% of N10 Wealth LLC's portfolio, making the stock its 6th largest position. N10 Wealth LLC's holdings in Alphabet were worth $16,672,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GOOGL. State Street Corp grew its stake in Alphabet by 5.6% in the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock valued at $85,403,303,000 after acquiring an additional 12,718,127 shares during the period. Diamant Asset Management Inc. lifted its holdings in shares of Alphabet by 28,950.0% in the first quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider's stock valued at $2,671,986,000 after purchasing an additional 9,259,940 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Alphabet by 90.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider's stock worth $4,900,078,000 after buying an additional 8,112,680 shares in the last quarter. Corient Private Wealth LLC raised its position in Alphabet by 127.9% in the 4th quarter. Corient Private Wealth LLC now owns 11,677,886 shares of the information services provider's stock valued at $3,655,178,000 after buying an additional 6,554,842 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in shares of Alphabet by 45.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,737,125 shares of the information services provider's stock valued at $4,299,721,000 after purchasing an additional 4,313,745 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google launched Gemini 4 Argon, a new frontier AI model for developers, businesses and paid users. The model includes expanded coding and knowledge-work capabilities, potentially strengthening Alphabet’s competitive position and supporting future Cloud and subscription revenue. Google launches flagship AI model Gemini 4 Argon for developers and businesses
• Positive Sentiment: UBS raised its Alphabet price target, while BNP Paribas reportedly lifted its target to $450 based partly on the outlook for Alphabet’s in-house Tensor Processing Units. Analysts see potential for the chip business to become a significant revenue opportunity. Alphabet target bumped to $450 at BNP Paribas on TPU outlook
• Positive Sentiment: American Electric Power plans to invest approximately $4 billion in Wyoming fuel-cell generation to serve Google’s growing electricity demand. The project supports Alphabet’s expanding data-center and AI infrastructure capacity, although it also highlights the significant cost of scaling AI. American Electric Power to invest $4 billion fuel-cell project to power Google
• Neutral Sentiment: Alphabet’s Google DeepMind and Google Cloud will give European researchers access to frontier AI models, potentially improving research adoption and ecosystem influence. Meanwhile, the European Commission said it remains in dialogue with Google, leaving regulatory implications unclear.
• Negative Sentiment: Multiple law firms publicized a securities class action covering investors who purchased Alphabet shares between May 19 and July 16, 2026. The lawsuit alleges Alphabet misrepresented delays and training problems involving the Gemini 3.5 Pro launch after a subsequent stock decline. The repeated notices increase headline, litigation and reputational risk, although they do not represent new findings of liability. Alphabet AI issues and subsequent stock drop trigger securities-fraud class action
• Negative Sentiment: Investor commentary also flagged heavy AI capital spending and the gap between operating cash flow and free cash flow, reinforcing concerns that data-center expansion could pressure near-term cash generation despite strong reported earnings.

Alphabet Stock Performance

NASDAQ GOOGL opened at $347.64 on Thursday. The company has a market capitalization of $4.25 trillion, a P/E ratio of 17.46, a P/E/G ratio of 1.02 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a 52-week low of $244.15 and a 52-week high of $408.61. The company has a fifty day moving average of $344.71 and a 200-day moving average of $350.87.

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 for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. As a group, equities research analysts predict that Alphabet Inc. will post 20.54 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were given a $0.22 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's payout ratio is presently 4.42%.

Insider Activity at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business's stock in a transaction on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the business'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 transaction, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 441,399 shares of company stock worth $8,677,053 in the last 90 days. Company insiders own 11.61% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GOOGL. KeyCorp upped their target price on Alphabet from $425.00 to $445.00 and gave the company an "overweight" rating in a report on Friday, July 10th. Weiss Ratings reiterated a "buy (b)" rating on shares of Alphabet in a research note on Friday, July 17th. UBS Group reiterated a "neutral" rating and set a $380.00 price target (up from $379.00) on shares of Alphabet in a research note on Wednesday. Needham & Company LLC reiterated a "buy" rating and set a $450.00 target price on shares of Alphabet in a research report on Thursday, October 8th. Finally, Roth Capital reissued a "buy" rating and set a $440.00 target price (up from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Five analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Alphabet currently has a consensus rating of "Buy" and a consensus target price of $425.74.

About Alphabet

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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