Bradley & Co. Private Wealth Management LLC Sells 11,708 Shares of Alphabet Inc. $GOOG

Key Points

• Bradley & Co. cut its Alphabet position by 22.8% in the third quarter, selling 11,708 shares and retaining 39,746 shares valued at approximately $13.5 million. Alphabet remains the firm’s fourth-largest holding, representing 6.2% of its portfolio.
• Other institutional investors generally increased their Alphabet holdings, while institutional investors collectively own 27.26% of the company. Director Frances Arnold also sold 83 shares, and insiders own 12.99% of the stock.
• Analysts remain broadly bullish, with a consensus “Buy” rating and average price target of $421.85, but Alphabet’s latest quarter included an EPS miss—$2.12 versus the $3.01 estimate—despite 24.7% year-over-year revenue growth.

Bradley & Co. Private Wealth Management LLC lowered its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 22.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,746 shares of the information services provider's stock after selling 11,708 shares during the quarter. Alphabet comprises approximately 6.2% of Bradley & Co. Private Wealth Management LLC's portfolio, making the stock its 4th largest holding. Bradley & Co. Private Wealth Management LLC's holdings in Alphabet were worth $13,543,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GOOG. Bright Futures Wealth Management LLC. boosted its stake in shares of Alphabet by 2.0% during the third quarter. Bright Futures Wealth Management LLC. now owns 4,071 shares of the information services provider's stock valued at $1,387,000 after purchasing an additional 80 shares during the period. Dedeker Financial LLC grew its holdings in shares of Alphabet by 1.4% in the third quarter. Dedeker Financial LLC now owns 4,259 shares of the information services provider's stock worth $1,451,000 after purchasing an additional 58 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Alphabet by 0.6% in the third quarter. Revolve Wealth Partners LLC now owns 13,509 shares of the information services provider's stock worth $4,603,000 after purchasing an additional 86 shares during the last quarter. Orange Investment Advisors Inc. increased its stake in shares of Alphabet by 1.2% in the third quarter. Orange Investment Advisors Inc. now owns 70,410 shares of the information services provider's stock worth $23,991,000 after buying an additional 862 shares during the period. Finally, Argyle Capital Partners LLC increased its stake in shares of Alphabet by 17.6% in the third quarter. Argyle Capital Partners LLC now owns 5,269 shares of the information services provider's stock worth $1,795,000 after buying an additional 787 shares during the period. Hedge funds and other institutional investors own 27.26% of the company's stock.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 83 shares of the company'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 transaction, the director 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GOOG shares. Tigress Financial upped their price target on shares of Alphabet from $415.00 to $485.00 and gave the company a "strong-buy" rating in a report on Friday, September 18th. KeyCorp set a $410.00 price target on shares of Alphabet in a report on Monday, October 19th. New Street Research decreased their price objective on shares of Alphabet from $455.00 to $405.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Citic Securities upped their price objective on shares of Alphabet from $430.00 to $434.00 and gave the company a "buy" rating in a research note on Monday, July 27th. Finally, Barclays reiterated an "overweight" rating and issued a $425.00 price objective (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Alphabet presently has a consensus rating of "Buy" and an average target price of $421.85.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $321.89 on Thursday. Alphabet Inc. has a 1 year low of $268.43 and a 1 year high of $404.47. 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 company's 50-day moving average is $338.12 and its 200 day moving average is $338.76. The stock has a market capitalization of $3.94 trillion, a P/E ratio of 16.17, a P/E/G ratio of 0.91 and a beta of 1.19.

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

Key Alphabet News

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

About Alphabet

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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