Grant Private Wealth Management Inc Buys 5,454 Shares of Alphabet Inc. $GOOG

Key Points

• Grant Private Wealth Management increased its Alphabet position by 45.3% in the third quarter, purchasing 5,454 shares and bringing its holdings to 17,481 shares valued at approximately $5.96 million.
• Alphabet reported strong quarterly results, with revenue up 24.2% year over year and earnings per share substantially exceeding analyst expectations. Institutional investors own 27.26% of the company, while analysts maintain a consensus “Buy” rating with a $421.48 price target.
• Google Cloud and artificial intelligence remain major growth catalysts, although investors are monitoring higher capital spending, infrastructure constraints, legal challenges and a recently publicized securities-fraud lawsuit.

Grant Private Wealth Management Inc increased its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 45.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,481 shares of the information services provider's stock after purchasing an additional 5,454 shares during the period. Alphabet makes up about 2.6% of Grant Private Wealth Management Inc's portfolio, making the stock its 9th biggest holding. Grant Private Wealth Management Inc's holdings in Alphabet were worth $5,956,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GOOG. Signature Resources Capital Management LLC grew its position in Alphabet by 0.9% in the third quarter. Signature Resources Capital Management LLC now owns 6,787 shares of the information services provider's stock valued at $2,313,000 after acquiring an additional 58 shares during the last quarter. Onyx Bridge Wealth Group LLC raised its stake in Alphabet by 5.2% during the third quarter. Onyx Bridge Wealth Group LLC now owns 24,053 shares of the information services provider's stock worth $8,196,000 after buying an additional 1,191 shares during the last quarter. FIDELIS iM LLC acquired a new position in Alphabet in the third quarter valued at approximately $471,000. IFP Advisors Inc grew its holdings in Alphabet by 1.4% in the third quarter. IFP Advisors Inc now owns 190,693 shares of the information services provider's stock worth $64,977,000 after purchasing an additional 2,651 shares during the period. Finally, Delta Capital Management LLC lifted its holdings in shares of Alphabet by 3.6% in the 3rd quarter. Delta Capital Management LLC now owns 12,275 shares of the information services provider's stock worth $4,183,000 after purchasing an additional 430 shares in the last quarter. Institutional investors own 27.26% of the company's stock.

Alphabet Stock Up 1.0%

NASDAQ GOOG opened at $340.16 on Tuesday. The stock's 50-day moving average price is $340.77 and its 200-day moving average price is $349.71. The company has a market capitalization of $4.16 trillion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 0.98 and a beta of 1.19. Alphabet Inc. has a 52 week low of $244.67 and a 52 week high of $404.47. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.87 by $6.24. The company had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Alphabet's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.31 EPS. On average, equities research analysts predict that Alphabet Inc. will post 20.54 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is 4.42%.

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 transaction, the director owned 19,076 shares in the company, valued at $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 402,479 shares of company stock worth $7,946,534 in the last three months. Insiders own 12.99% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud and AI remain the main catalysts. Google Cloud grew 82% in the second quarter, and analysts expect continued acceleration, potentially including more than 100% growth in the third quarter. Investors are looking for evidence that rising demand for Gemini, cloud capacity and Tensor Processing Unit (TPU) chips is translating into profits. Alphabet Stock Slipped After Q2 Earnings. Here's What Investors Need to See in Q3.
• Positive Sentiment: Expanded enterprise AI partnerships broaden Google’s commercial reach. Google Cloud announced expanded agentic-AI collaborations with Cognizant and Accenture, including Gemini programs for U.S. federal agencies. These agreements could support adoption of Google’s AI platform and cloud services. Cognizant and Google Cloud Expand Alliance to Accelerate Agentic Enterprise Transformation
• Positive Sentiment: Analysts see substantial upside from custom AI chips. One estimate suggests Alphabet’s TPU business could generate as much as $104 billion in sales by 2028. Alphabet’s strong balance sheet, resilient Search and fast-growing Cloud business remain longer-term positives. 1 Analyst Thinks Alphabet Stock Could Jump 20% on AI Chip Demand. Is He Right?
• Neutral Sentiment: Investors are awaiting a demanding earnings test. Alphabet previously delivered a major revenue and EPS beat, but the stock weakened afterward. The next report must demonstrate that cloud growth and TPU demand can offset concerns about sharply higher capital expenditures and potentially negative free cash flow.
• Neutral Sentiment: AI infrastructure constraints remain a mixed factor. Reported delays to a next-generation TPU appear manageable for custom-chip partners, but could postpone some capacity and revenue. Data-center power and permitting challenges may also raise costs even as demand remains strong. Marvell Jumps 6% as GF Securities Says Google Chip Delay Won't Dent Its Position
• Negative Sentiment: Multiple law firms publicized a securities-fraud class action. The complaint covers investors who bought Alphabet securities from May 19 through July 16, 2026, and alleges that the company failed to disclose material information, including potential delays to Gemini 3.5 Pro. The lead-plaintiff deadline is December 1, 2026; the allegations have not been proven. Deadline Alert: Alphabet Inc. Investors Have Until December 1, 2026 to Seek Lead Plaintiff Role
• Negative Sentiment: The Supreme Court rejected Google’s challenge to a U.S. patent-agency review policy, representing a legal setback that could increase uncertainty around intellectual-property disputes. Supreme Court rejects Google challenge to US patent agency review policy

Wall Street Analyst Weigh In

GOOG has been the subject of several analyst reports. Royal Bank Of Canada reiterated a "buy" rating and issued a $475.00 target price on shares of Alphabet in a report on Thursday, July 23rd. DA Davidson dropped their target price on shares of Alphabet from $375.00 to $350.00 and set a "neutral" rating for the company in a research report on Thursday, July 23rd. Morgan Stanley lowered their price objective on Alphabet from $415.00 to $400.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. Arete Research upped their target price on Alphabet from $425.00 to $450.00 in a report on Monday, July 6th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Alphabet in a research note on Monday, August 3rd. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $421.48.

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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