Corecam Pte. Ltd. Buys 9,650 Shares of Alphabet Inc. $GOOGL

Key Points

• Corecam Pte. Ltd. acquired 9,650 Alphabet shares worth approximately $3.32 million in the third quarter, making Alphabet 1.4% of its portfolio and its 25th-largest holding.
• Alphabet shares opened at $279.84, down 1.4%, after the company reported quarterly earnings of $2.12 per share—well below the $3.02 consensus estimate—and revenue of $127.58 billion, slightly below expectations.
• Analysts remain broadly bullish, with Alphabet carrying an average “Buy” rating and a $410.46 price target, although concerns persist over heavy AI infrastructure spending, negative free cash flow, weaker-than-expected Search monetization, and regulatory risks.

Corecam Pte. Ltd. bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 9,650 shares of the information services provider's stock, valued at approximately $3,320,000. Alphabet accounts for 1.4% of Corecam Pte. Ltd.'s holdings, making the stock its 25th biggest position.

Other institutional investors have also modified their holdings of the company. EMC Capital Management bought a new position in Alphabet during the 2nd quarter worth approximately $35,000. Core Capital Management & Research inc. acquired a new stake in Alphabet in the second quarter worth about $41,000. Intelligent Financial Strategies bought a new position in shares of Alphabet in the third quarter valued at approximately $41,000. Premier Financial Group bought a new stake in shares of Alphabet in the 2nd quarter worth $45,000. Finally, Graney & King LLC raised its holdings in shares of Alphabet by 38.5% in the 2nd quarter. Graney & King LLC now owns 180 shares of the information services provider's stock worth $64,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Trading Down 1.4%

Shares of NASDAQ GOOGL opened at $279.84 on Friday. The company's 50 day simple moving average is $339.07 and its 200 day simple moving average is $340.17. Alphabet Inc. has a fifty-two week low of $270.70 and a fifty-two week high of $408.61. The firm has a market capitalization of $3.42 trillion, a P/E ratio of 14.61, a P/E/G ratio of 0.82 and a beta of 1.21. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.64.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts' consensus estimates of $3.02 by ($0.90). The firm had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.96 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. On average, analysts predict that Alphabet Inc. will post 20.05 EPS for the current year.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of the 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 completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 247 shares of company stock valued at $79,238 in the last ninety days. 11.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GOOGL shares. Royal Bank Of Canada lowered their price objective on shares of Alphabet from $425.00 to $400.00 and set an "outperform" rating on the stock in a research report on Thursday. Pivotal Research reiterated a "buy" rating and issued a $475.00 target price (up from $470.00) on shares of Alphabet in a research note on Thursday, July 23rd. Evercore reaffirmed an "outperform" rating and set a $450.00 target price on shares of Alphabet in a research report on Wednesday, September 16th. Roth Capital reaffirmed a "buy" rating and set a $440.00 price objective (up from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Finally, Freedom Capital raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. Five analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Alphabet currently has an average rating of "Buy" and an average price target of $410.46.

Alphabet News Summary

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.

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.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.