Bernardo Wealth Planning LLC Buys 5,013 Shares of Alphabet Inc. $GOOGL

Key Points

• Bernardo Wealth Planning increased its Alphabet stake by 136.3% in the third quarter, buying 5,013 shares and bringing its total holdings to 8,692 shares valued at approximately $2.99 million.
• Alphabet’s latest quarterly results missed expectations, with earnings of $2.12 per share and revenue of $127.58 billion. Heavy AI infrastructure spending, weaker-than-expected Search growth, and investment losses pressured results and raised concerns about returns on capital.
• Despite recent target-price reductions, analysts maintain a consensus “Buy” rating with an average price target of $410.46, supported by strong Google Cloud growth and a $561 billion backlog.

Bernardo Wealth Planning LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 136.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,692 shares of the information services provider's stock after acquiring an additional 5,013 shares during the quarter. Bernardo Wealth Planning LLC's holdings in Alphabet were worth $2,991,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. State Street Corp grew its holdings in shares of Alphabet by 5.6% in the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock worth $85,403,303,000 after acquiring an additional 12,718,127 shares during the last quarter. Amundi grew its holdings in Alphabet by 4.6% in the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider's stock valued at $11,865,809,000 after buying an additional 1,457,371 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in 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 acquiring an additional 1,631,721 shares during the period. Swiss National Bank lifted its holdings in shares of Alphabet by 7.1% during the 1st quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider's stock worth $4,911,467,000 after acquiring an additional 1,139,400 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of 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. Institutional investors own 40.03% of the company's stock.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 83 shares of the company's stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the transaction, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders sold 247 shares of company stock valued at $79,238. Company insiders own 11.61% of the company's stock.

Alphabet Stock Performance

Shares of GOOGL opened at $279.84 on Monday. Alphabet Inc. has a 52-week low of $270.70 and a 52-week high of $408.61. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. The firm has a market cap of $3.42 trillion, a price-to-earnings ratio of 14.61, a PEG ratio of 0.83 and a beta of 1.21. The business's 50 day moving average is $339.07 and its two-hundred day moving average is $340.17.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.96 billion. Analysts forecast that Alphabet Inc. will post 20.05 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results support Alphabet’s position as a major beneficiary of enterprise AI demand. Alphabet's Cloud Business Just Doubled
• Positive Sentiment: Several analysts remain constructive after the selloff. Guggenheim and Needham reaffirmed “buy” ratings with $450 targets, while Citigroup and Wells Fargo retained bullish ratings and projected substantial upside despite lowering their targets.
• Positive Sentiment: Alphabet’s AI ecosystem could gain from rising demand for cloud capacity and specialized chips. Waymo is also expanding internationally through a partnership with Toyota, although the business remains small relative to Alphabet’s core operations. Waymo taps Toyota to supply robotaxis
• Neutral Sentiment: Multiple securities law firms publicized class-action lawsuits and lead-plaintiff deadlines tied to alleged disclosures about Alphabet’s Gemini AI development. These notices add headline risk, but their direct financial impact remains uncertain.
• Negative Sentiment: Alphabet reported adjusted earnings of $2.12 per share, below consensus near $2.94-$3.02, while revenue of $127.6 billion also missed expectations. Search and other revenue grew about 12% to roughly $63 billion, but fell short of forecasts, reinforcing fears that AI-generated answers and “AI mode” searches may monetize less effectively than traditional Search.
• Negative Sentiment: AI infrastructure spending caused free cash flow to remain negative by roughly $9.1 billion for a second consecutive quarter. Investors are questioning whether the enormous capital outlays will produce adequate returns and whether Alphabet may need additional debt or equity financing.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment reduced quarterly earnings by approximately $0.55 per share, while an EU antitrust fine further pressured results. Analysts including RBC, Wells Fargo, Citigroup, Wedbush, KeyCorp and Cantor Fitzgerald lowered price targets, even though most maintained positive ratings.

Analyst Ratings Changes

A number of analysts have recently commented on GOOGL shares. Rosenblatt Securities cut their price target on Alphabet from $410.00 to $380.00 and set a "buy" rating on the stock in a report on Thursday. Morgan Stanley reiterated an "overweight" rating and issued a $375.00 price objective (down from $400.00) on shares of Alphabet in a research report on Thursday. UBS Group set a $332.00 target price on shares of Alphabet and gave the company a "neutral" rating in a report on Thursday. Piper Sandler set a $345.00 target price on shares of Alphabet and gave the stock an "overweight" rating in a report on Thursday. Finally, Cantor Fitzgerald reduced their price objective on Alphabet from $420.00 to $350.00 and set an "overweight" rating on the stock in a report on Thursday. Five research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $410.46.

Alphabet 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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