Alphabet Inc. $GOOGL Stock: OceanIQ Capital LLC Raises Position

Key Points

• OceanIQ Capital increased its Alphabet position by 18.5% in the third quarter, owning 21,473 shares worth approximately $7.6 million. Alphabet now represents 3.8% of the fund’s portfolio, while institutional investors collectively own 40.03% of the stock.
• Alphabet reported strong quarterly results, with $119.8 billion in revenue and $9.11 in earnings per share, exceeding analyst expectations. Google Cloud growth and artificial-intelligence demand remain key potential growth drivers.
• Alphabet shares opened at $324.22, down 3.1%, while analysts maintained a broadly bullish view: the stock has a consensus “Buy” rating and an average price target of $425.04. Recent insider transactions, however, included sales by a chief accounting officer and a director.

OceanIQ Capital LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 18.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 21,473 shares of the information services provider's stock after acquiring an additional 3,347 shares during the period. Alphabet comprises 3.8% of OceanIQ Capital LLC's portfolio, making the stock its 5th biggest position. OceanIQ Capital LLC's holdings in Alphabet were worth $7,597,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Strategic Wealth Advisors LLC lifted its position in shares of Alphabet by 6.0% during the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock worth $137,000 after purchasing an additional 27 shares during the last quarter. Rockbridge Investment Management LCC boosted its stake in shares of Alphabet by 0.5% during the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider's stock valued at $1,570,000 after purchasing an additional 27 shares during the period. Ruggaard & Associates LLC boosted its stake in shares of Alphabet by 0.9% during the first quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider's stock valued at $840,000 after purchasing an additional 27 shares during the period. Cadia Private Client LLC grew its holdings in shares of Alphabet by 1.1% in the first quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock worth $744,000 after purchasing an additional 28 shares during the last quarter. Finally, Evansbrook LLC grew its holdings in shares of Alphabet by 0.3% in the first quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock worth $2,738,000 after purchasing an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Stock Down 3.1%

Shares of Alphabet stock opened at $324.22 on Friday. 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 has a market cap of $3.97 trillion, a price-to-earnings ratio of 16.28, a PEG ratio of 0.97 and a beta of 1.21. The firm's 50-day moving average is $343.31 and its two-hundred day moving average is $353.04. Alphabet Inc. has a 1 year low of $251.85 and a 1 year high of $408.61.

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 the consensus estimate of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. As a group, research analysts expect that Alphabet Inc. will post 20.60 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. DZ Bank raised shares of Alphabet to a "strong-buy" rating in a research note on Thursday, July 23rd. Yorkville Ives started coverage on shares of Alphabet in a research report on Monday, October 5th. They issued an "outperform" rating and a $400.00 price objective for the company. Piper Sandler upped their target price on shares of Alphabet from $395.00 to $400.00 and gave the stock an "overweight" rating in a research note on Monday, September 28th. DA Davidson set a $350.00 target price on shares of Alphabet and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Finally, Truist Financial set a $420.00 price target on shares of Alphabet and gave the company a "buy" rating in a research note on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $425.04.

Insider Activity

In related news, CAO Marsida Saraci sold 449 shares of Alphabet 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 transaction, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Frances Arnold sold 83 shares of the business'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 transaction of $28,257.35. Following the completion of the transaction, the director directly owned 19,076 shares of the company's stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 315,765 shares of company stock worth $6,297,980. Corporate insiders own 11.61% of the company's stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud and AI demand remain key bullish factors. Coverage highlights accelerating Google Cloud growth, expanding demand for AI infrastructure, and Alphabet’s Gemini models and in-house chips as potential drivers of future revenue and margins. OpenAI’s decision to make its models available through Google Cloud could also increase enterprise cloud usage. OpenAI to bring AI models to Google's cloud
• Positive Sentiment: Some analysts see substantial upside. Bullish commentary points to strong search and cloud fundamentals, a lower valuation than many large technology peers, and potential upside if Alphabet demonstrates that AI spending is translating into durable growth. TikTok’s reported shift of advertising toward YouTube may provide an additional, though smaller, benefit. Alphabet could still have room to run
• Positive Sentiment: Citizens JMP maintained an outperform rating. The firm lowered its price target from $515 to $450, but the revised target still implies considerable potential appreciation from current levels. Banking giant cuts Google stock price target

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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