Alta Advisers Ltd Buys 39,135 Shares of Alphabet Inc. $GOOG

Key Points

• Alta Advisers increased its Alphabet stake by 64.8% in the third quarter, buying 39,135 shares to hold 99,524 shares valued at about $33.9 million.
• Alphabet’s latest quarterly revenue rose 24.7% year over year to $127.58 billion, but earnings of $2.12 per share missed the $3.01 analyst consensus; revenue also came in slightly below estimates.
• Investor sentiment faces competing factors: improving demand in Cloud and AI businesses could support growth, while concerns persist about AI’s impact on Search and the cost and infrastructure demands of data-center expansion.

Alta Advisers Ltd increased its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 64.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99,524 shares of the information services provider's stock after purchasing an additional 39,135 shares during the quarter. Alphabet makes up approximately 4.7% of Alta Advisers Ltd's portfolio, making the stock its 6th biggest holding. Alta Advisers Ltd's holdings in Alphabet were worth $33,912,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Steele Capital Management Inc. increased its holdings in Alphabet by 3.1% during the 3rd quarter. Steele Capital Management Inc. now owns 10,435 shares of the information services provider's stock worth $3,556,000 after acquiring an additional 312 shares during the period. Legacies Wealth LLC increased its holdings in shares of Alphabet by 8.8% in the third quarter. Legacies Wealth LLC now owns 4,995 shares of the information services provider's stock worth $1,702,000 after purchasing an additional 402 shares during the period. Pekin Hardy Strauss Inc. increased its holdings in shares of Alphabet by 2.2% in the third quarter. Pekin Hardy Strauss Inc. now owns 41,194 shares of the information services provider's stock worth $14,036,000 after purchasing an additional 906 shares during the period. Kestra Advisory Services LLC raised its position in shares of Alphabet by 4.9% in the third quarter. Kestra Advisory Services LLC now owns 850,477 shares of the information services provider's stock worth $289,791,000 after buying an additional 40,011 shares in the last quarter. Finally, Claro Advisors Inc. raised its position in shares of Alphabet by 4.1% in the third quarter. Claro Advisors Inc. now owns 31,238 shares of the information services provider's stock worth $10,644,000 after buying an additional 1,218 shares in the last quarter. Institutional investors own 27.26% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google’s Cloud, Gemini, advertising and streaming businesses are showing improving demand, according to market commentary. Reports also cite more than 1 billion Gemini app users and rapid Google Cloud growth, supporting the case that AI can create revenue beyond traditional Search. Article: GOOGL Cloud Momentum Clashes with Google Search Concerns
• Positive Sentiment: Alphabet disclosed a roughly $548 million Qualcomm stake, which could strengthen its AI data-center supply and technology relationships. Article: Alphabet discloses $548 million worth of Qualcomm stake
• Neutral Sentiment: Google acquired Crusoe’s planned Wyoming data-center site as part of a reported $17 billion expansion, with a pledge to cover the facility’s power costs. More capacity could support AI and cloud growth, while the scale of investment and energy needs add to concerns about spending and infrastructure constraints. Article: Google acquires Wyoming data center site from AI infrastructure firm Crusoe
• Neutral Sentiment: Alphabet’s Wing plans to invest up to $125 million in a Texas manufacturing facility, expanding its drone-delivery capacity. It offers longer-term growth potential but is a relatively small, multi-year investment compared with Alphabet’s core businesses. Article: Alphabet's Drone Unit to Invest Up to $125 Million in New Texas Facility
• Negative Sentiment: Investors continue to question whether AI assistants could weaken Search growth and how effectively Alphabet can monetize AI search. Heavy data-center spending also raises concerns about cash flow, electricity availability and potential regulation. Article: Are the Fears Around Alphabet’s Search Slowdown Warranted?
• Negative Sentiment: Several law firms publicized an existing securities class action alleging investor harm during May–July 2026; the claims remain allegations, but the publicity may add a legal overhang. Separately, parents’ claims over an AI chatbot’s alleged role in a student’s suicide attempt raise potential safety and reputational concerns. Article: Google faces claims student used AI chat on US school laptop to plan suicide attempt

Alphabet Stock Up 0.8%

Shares of NASDAQ GOOG opened at $283.93 on Friday. The stock has a market capitalization of $3.47 trillion, a P/E ratio of 14.82, a PEG ratio of 0.86 and a beta of 1.21. Alphabet Inc. has a one year low of $271.41 and a one year high of $404.47. The firm's 50 day simple moving average is $329.78 and its two-hundred day simple moving average is $337.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts' consensus estimates of $3.01 by ($0.89). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The business had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.97 billion. During the same quarter in the previous year, the firm posted $2.87 earnings per share. The company's revenue was up 24.7% compared to the same quarter last year. As a group, analysts expect that Alphabet Inc. will post 19.80 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, December 7th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet's dividend payout ratio is presently 4.59%.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 83 shares of the firm's stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction 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. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 247 shares of company stock worth $79,238 in the last ninety days. Corporate insiders own 12.99% of the company's stock.

Wall Street Analyst Weigh In

GOOG has been the subject of several recent analyst reports. Tigress Financial boosted their target price on Alphabet from $415.00 to $485.00 and gave the stock a "strong-buy" rating in a research report on Friday, September 18th. TD Cowen reaffirmed a "buy" rating and issued a $460.00 price target (down from $485.00) on shares of Alphabet in a report on Thursday, October 29th. Weiss Ratings reiterated a "buy (b)" rating on shares of Alphabet in a research report on Thursday, October 15th. JPMorgan Chase & Co. cut their price objective on Alphabet from $425.00 to $375.00 and set an "overweight" rating for the company in a report on Thursday, October 29th. Finally, KeyCorp reissued an "overweight" rating and set a $385.00 price objective on shares of Alphabet in a report on Thursday, October 29th. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $413.38.

Alphabet Company Profile

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer.

Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.

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