Choreo LLC Purchases 5,770 Shares of Alphabet Inc. $GOOG

Key Points

• Choreo LLC increased its Alphabet position by 2.7% in the third quarter, buying 5,770 shares to hold 221,533 shares valued at approximately $75.4 million. Institutional investors collectively own 27.26% of Alphabet.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $413.54, despite some firms lowering targets or maintaining neutral ratings.
• Alphabet’s latest quarter showed strong 24.7% year-over-year revenue growth but missed earnings and revenue expectations, while heavy AI infrastructure spending pressured cash flow. GOOG opened at $278.22, near its 12-month low of $271.41.

Choreo LLC grew its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,533 shares of the information services provider's stock after purchasing an additional 5,770 shares during the period. Choreo LLC's holdings in Alphabet were worth $75,428,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Denali Advisors LLC boosted its holdings in shares of Alphabet by 14.8% in the 2nd quarter. Denali Advisors LLC now owns 105,988 shares of the information services provider's stock worth $37,449,000 after buying an additional 13,700 shares during the last quarter. Heck Capital Advisors LLC grew its position in Alphabet by 298.2% during the second quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider's stock valued at $7,854,000 after buying an additional 16,647 shares during the period. Montchanin Asset Management LLC bought a new position in Alphabet during the first quarter valued at about $7,075,000. Sax Wealth Advisors LLC increased its holdings in Alphabet by 13.3% during the second quarter. Sax Wealth Advisors LLC now owns 30,489 shares of the information services provider's stock worth $10,773,000 after buying an additional 3,575 shares during the last quarter. Finally, NBT Bank N.A. purchased a new stake in Alphabet during the third quarter worth about $47,537,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on GOOG shares. Piper Sandler reaffirmed an "overweight" rating and issued a $345.00 price objective on shares of Alphabet in a research report on Thursday. UBS Group reissued a "reduce" rating on shares of Alphabet in a research report on Thursday. Sanford C. Bernstein reissued a "market perform" rating and set a $325.00 target price on shares of Alphabet in a research report on Thursday. Morgan Stanley restated an "overweight" rating and set a $375.00 price target on shares of Alphabet in a research note on Thursday. Finally, New Street Research lowered their price target on shares of Alphabet from $455.00 to $405.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $413.54.

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of the business's stock in a transaction 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 sale, the director owned 19,076 shares of the company's stock, valued at $6,494,424.20. The trade was a 0.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 247 shares of company stock worth $79,238. Insiders own 12.99% of the company's stock.

Alphabet Price Performance

GOOG opened at $278.22 on Monday. The company has a market capitalization of $3.40 trillion, a price-to-earnings ratio of 14.52, a PEG ratio of 0.83 and a beta of 1.19. 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 50-day moving average price of $335.73 and a 200-day moving average price of $338.25. Alphabet Inc. has a twelve month low of $271.41 and a twelve month high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.89). The business had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business's revenue for the quarter was up 24.7% on a year-over-year basis. During the same period last year, the firm earned $2.87 EPS. Equities analysts expect that Alphabet Inc. will post 19.99 EPS for the current year.

Alphabet Announces Dividend

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

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered exceptional growth. Revenue more than doubled year over year to approximately $30.7 billion, while operating margins expanded and the backlog reached roughly $561 billion. This supports the view that Alphabet’s AI investments are generating demand. Alphabet Cloud Business Article
• Positive Sentiment: Alphabet’s AI platform may create new revenue streams. OpenAI reportedly plans to use Google’s tensor-processing units, while Gemini performance and expanding AI Search advertising could help Alphabet compete in the AI infrastructure market. Analysts including Goldman Sachs and JPMorgan remain constructive, despite lowering price targets. OpenAI Google AI Chips Article
• Positive Sentiment: Valuation has become more attractive. Reports place GOOG’s price-to-earnings ratio near 14.6, the lowest level in many years, prompting some investors to characterize the selloff as a potential long-term buying opportunity. Google Valuation Article
• Neutral Sentiment: Waymo is expanding internationally. Alphabet’s autonomous-driving unit will test Toyota bZ4X robotaxis in Japan and the U.K., but the business remains small and cash-burning. Waymo Toyota Partnership Article
• Negative Sentiment: Quarterly results missed expectations. Alphabet reported approximately $2.12 in earnings per share and $127.6 billion in revenue, below consensus forecasts. Search revenue grew but missed estimates, and AI-powered searches are reportedly harder to monetize than traditional searches. Alphabet Search Earnings Article
• Negative Sentiment: AI spending is straining cash flow. Capital expenditures and infrastructure commitments pushed free cash flow approximately $9 billion negative for the quarter, raising concerns about returns on Alphabet’s enormous AI investment program and potential financing or dilution. Tech Giants AI Spending Article
• Negative Sentiment: Additional earnings pressure came from investments and legal risk. An unrealized loss on Alphabet’s SpaceX stake reduced earnings, while multiple law firms publicized securities class-action deadlines tied to alleged AI disclosures. These lawsuits are largely investor notices, but they add reputational and headline risk. Alphabet Class Action Notice

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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