Alphabet Inc. $GOOGL Stock Purchased by Stokes Capital Advisors LLC

Key Points

• Stokes Capital Advisors increased its Alphabet position by 8.1% in the third quarter, holding 26,746 shares valued at approximately $9.2 million. Institutional investors collectively own 40.03% of Alphabet’s stock.
• Alphabet’s AI expansion remains a key focus, with the company unveiling Gemini Agent for multistep enterprise tasks and reportedly testing a newer Gemini model. Its planned roughly $13 billion Nordic data-center investment could support AI growth but also increase capital spending.
• Analyst sentiment is broadly bullish, with Alphabet carrying a consensus “Buy” rating and an average price target of $425.72. The company also recently reported quarterly revenue of $119.8 billion, above estimates, and pays a $0.22 quarterly dividend.

Stokes Capital Advisors LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 26,746 shares of the information services provider's stock after acquiring an additional 1,993 shares during the period. Alphabet accounts for 2.1% of Stokes Capital Advisors LLC's portfolio, making the stock its 15th largest position. Stokes Capital Advisors LLC's holdings in Alphabet were worth $9,203,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. EMC Capital Management bought a new position in shares of Alphabet in the 4th quarter worth $33,000. Lifetime Wealth Management P.C. bought a new stake in Alphabet in the fourth quarter valued at about $32,000. Core Capital Management & Research inc. bought a new stake in Alphabet in the second quarter valued at about $41,000. Premier Financial Group bought a new stake in Alphabet in the second quarter valued at about $45,000. Finally, Bard Associates Inc. acquired a new position in Alphabet in the fourth quarter valued at about $52,000. Institutional investors own 40.03% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled Gemini Agent, an AI system designed to complete multistep tasks across Gmail, Docs, Sheets, Calendar and third-party platforms such as Microsoft 365, Salesforce Slack, Jira and Snowflake. The enterprise focus could support Google Cloud growth and create new Workspace monetization opportunities. Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
• Positive Sentiment: TD Cowen raised its Alphabet price target to $485 while maintaining a Buy rating after the Gemini Agent announcement. Other coverage continues to be broadly bullish, with analysts citing Alphabet’s valuation, advertising business, cloud expansion and AI potential. Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
• Positive Sentiment: Employees are reportedly testing Gemini 4 Carbon, a newer internal model that could improve Alphabet’s competitiveness against OpenAI and Anthropic if it delivers better performance. The report is speculative, but it reinforces expectations for continued AI investment. Google is about to roll out a new AI model
• Positive Sentiment: Alphabet’s reported roughly $13 billion Nordic AI data-center investment highlights access to reliable, lower-cost power and could help address U.S. permitting and grid constraints, though the spending also raises capital-intensity concerns. Google's $13 Billion Nordic Bet

Alphabet Stock Up 1.0%

NASDAQ:GOOGL opened at $351.66 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The company has a market cap of $4.30 trillion, a PE ratio of 17.66, a PEG ratio of 1.02 and a beta of 1.21. Alphabet Inc. has a 52-week low of $235.84 and a 52-week high of $408.61. The stock has a 50-day simple moving average of $345.90 and a 200 day simple moving average of $349.18.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion for 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, sell-side analysts expect that Alphabet Inc. will post 20.54 EPS for the current fiscal 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 paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet's dividend payout ratio (DPR) is currently 4.42%.

Insider Transactions at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction that occurred 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 completion of the sale, the director 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 441,399 shares of company stock valued at $8,677,053 in the last ninety days. 11.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Freedom Capital upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research note on Friday, July 17th. BMO Capital Markets set a $465.00 target price on shares of Alphabet and gave the stock an "outperform" rating in a report on Thursday, July 23rd. Barclays reissued an "overweight" rating and set a $425.00 price target (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $425.00 price target 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 assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Alphabet 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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