Bernardo Wealth Planning LLC Purchases 8,897 Shares of Alphabet Inc. $GOOG

Key Points

• Bernardo Wealth Planning doubled its Alphabet position in the third quarter, purchasing 8,897 additional shares to own 17,742 shares valued at approximately $6.05 million.
• Wall Street remains broadly bullish, with an average “Buy” rating and a consensus price target of $421.85, despite some analysts lowering ratings or targets.
• Alphabet’s revenue rose 24.7% year over year to $127.58 billion, but quarterly EPS of $2.12 missed estimates. Heavy AI and data-center spending, weaker-than-expected profitability, and concerns about slowing Search growth weighed on investor sentiment.

Bernardo Wealth Planning LLC increased its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 100.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,742 shares of the information services provider's stock after purchasing an additional 8,897 shares during the quarter. Bernardo Wealth Planning LLC's holdings in Alphabet were worth $6,045,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GOOG. Castlekeep Investment Advisors LLC bought a new stake in Alphabet in the second quarter valued at about $29,000. Toth Financial Advisory Corp bought a new position in Alphabet during the second quarter worth about $41,000. Timbuktu Capital Management LLC bought a new position in Alphabet during the second quarter worth about $46,000. Robinswood Financial LLC bought a new position in Alphabet during the first quarter worth about $57,000. Finally, Hoey Investments Inc. boosted its holdings in Alphabet by 173.0% during the first quarter. Hoey Investments Inc. now owns 273 shares of the information services provider's stock valued at $78,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Activity

In related news, Director Frances Arnold sold 83 shares of the company's stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the transaction, the director owned 19,076 shares in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 12.99% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GOOG shares. Morgan Stanley lowered their price objective on Alphabet from $415.00 to $400.00 and set an "overweight" rating on the stock in a research note on Thursday, July 23rd. Stifel Nicolaus set a $485.00 target price on Alphabet in a research report on Thursday, October 8th. Pivotal Research boosted their price target on Alphabet from $470.00 to $475.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Zacks Research cut Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Alphabet in a research note on Monday, August 3rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Alphabet currently has an average rating of "Buy" and a consensus target price of $421.85.

Alphabet Stock Performance

NASDAQ GOOG opened at $321.89 on Thursday. The firm has a market cap of $3.94 trillion, a price-to-earnings ratio of 16.17, a PEG ratio of 0.91 and a beta of 1.19. The company has a 50 day moving average of $338.12 and a 200-day moving average of $338.76. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 1-year low of $268.43 and a 1-year high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.01 by ($0.89). Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The business had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.97 billion. During the same period in the previous year, the firm earned $2.87 earnings per share. The firm's revenue was up 24.7% compared to the same quarter last year. On average, equities analysts forecast that Alphabet Inc. will post 20.60 earnings per share for the current fiscal year.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud growth accelerated sharply. Cloud revenue more than doubled to approximately $30.7 billion, reflecting strong enterprise demand and supporting the view that Alphabet’s AI investments are generating substantial revenue. Google Cloud Revenue Just Grew 103%, so Why Is the Stock Falling?
• Positive Sentiment: AI products and infrastructure offer longer-term upside. Alphabet launched its Gemini 4 Carbon model, expanded AI Search advertising internationally and reportedly attracted interest from OpenAI in its internally developed TPU chips. One analyst described the post-earnings pullback as a potential buying opportunity. Google's post-earnings stock pullback could be a buying opportunity
• Neutral Sentiment: Revenue remained solid but the mix was concerning. Total revenue rose 25% to about $127.6 billion, close to expectations, while YouTube advertising increased 9%. However, investors are increasingly focused on whether AI-driven businesses can offset slowing growth in Google’s core Search advertising franchise. Google Shares Fall as Ad Revenue Misses Estimates
• Negative Sentiment: Profitability and cash flow disappointed. Third-quarter EPS of $2.12 missed consensus estimates near $3.00 and fell from $2.87 a year earlier, partly due to an approximately $8.7 billion investment loss. Capital expenditures reached roughly $51.4 billion, while free cash flow turned negative as Alphabet expanded data-center capacity and hired AI talent. The heavy spending raised concerns that AI returns may take longer to materialize. Alphabet's heavy cloud spending drives bigger-than-expected cash burn
• Negative Sentiment: Regulatory and legal risks remain secondary overhangs. South Korean authorities fined Google over alleged app-market practices, while multiple law firms publicized securities litigation tied to alleged disclosures about Gemini development. These issues were less important than earnings but could add longer-term uncertainty. South Korea fines Google and Apple over unfair app market practices

Alphabet Profile

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google's principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.

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