Leo Wealth LLC Purchases New Position in Alphabet Inc. $GOOG

Key Points

• Leo Wealth LLC acquired 4,878 Alphabet shares worth approximately $1.66 million during the third quarter. Institutional investors collectively own 27.26% of Alphabet.
• Alphabet’s third-quarter revenue rose 24.7% year over year to $127.58 billion, but adjusted EPS of $2.12 missed the $3.01 consensus estimate. Shares opened at $282.32, down 12.3%, amid concerns about advertising trends, heavy AI spending and negative free cash flow.
• Analysts remain broadly optimistic, with a consensus “Moderate Buy” rating and an average price target of $414.72, while Alphabet’s cloud growth and custom AI-chip expansion support its longer-term outlook.

Leo Wealth LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,878 shares of the information services provider's stock, valued at approximately $1,662,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GOOG. Readystate Asset Management LP acquired a new stake in Alphabet in the 2nd quarter valued at $45,352,000. BlackRock Inc. raised its holdings in Alphabet by 1.4% during the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock worth $130,704,718,000 after buying an additional 5,164,200 shares during the last quarter. State Street Corp lifted its stake in shares of Alphabet by 2.8% in the second quarter. State Street Corp now owns 190,923,442 shares of the information services provider's stock valued at $67,458,980,000 after buying an additional 5,208,690 shares in the last quarter. Amundi lifted its stake in shares of Alphabet by 22.9% in the first quarter. Amundi now owns 21,922,379 shares of the information services provider's stock valued at $6,288,654,000 after buying an additional 4,083,758 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Alphabet by 5.6% during the second quarter. Deutsche Bank AG now owns 17,313,729 shares of the information services provider's stock valued at $6,117,460,000 after buying an additional 913,666 shares during the last quarter. Institutional investors own 27.26% of the company's stock.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 83 shares of the firm's stock in a transaction 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 completion of the sale, the director directly owned 19,076 shares of the company's stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 12.99% of the stock is owned by company insiders.

Alphabet News Roundup

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, operating margins expanded to about 36%, and backlog reached $561 billion. These results support the long-term case that Cloud and AI infrastructure can become major earnings drivers. Alphabet's Cloud Business Just Doubled
• Positive Sentiment: Alphabet’s custom AI-chip opportunity is expanding. New TPU 8t and 8i chips reportedly offer improved performance per dollar, while OpenAI is considering using Google TPUs and Alphabet is selling chips through third-party cloud providers. This could create a new revenue stream and reduce reliance on Nvidia. Alphabet's $250 Billion AI Chip Opportunity
• Positive Sentiment: Some analysts remain bullish on the long-term outlook. JPMorgan maintained an “overweight” rating despite reducing its price target from $425 to $375, while other commentary characterized the selloff as a potential buying opportunity.
• Neutral Sentiment: Alphabet’s revenue rose approximately 25% year over year to $127.6 billion, and search queries continued to grow. However, the market is increasingly weighing growth quality and monetization rather than query volume alone.
• Neutral Sentiment: Alphabet launched Gemini 4 Carbon, expanded AI Search advertising internationally and introduced new crypto-security tools. These initiatives may broaden future revenue sources, but their near-term financial impact remains uncertain.
• Negative Sentiment: Third-quarter EPS missed expectations. Adjusted earnings were $2.12 per share versus consensus near $3.01, while revenue also fell slightly short. An approximately $8.7 billion investment loss, largely tied to Alphabet’s SpaceX stake, further reduced reported profit. Alphabet Q3 Earnings Report
• Negative Sentiment: Search and advertising trends raised AI-cannibalization concerns. Search revenue grew about 12% but missed estimates, while AI-mode searches may generate less revenue than traditional search. YouTube advertising revenue also came in below expectations.
• Negative Sentiment: AI spending is pressuring cash generation. Capital expenditures reached roughly $51.4 billion and free cash flow was negative by about $9.1 billion, prompting concerns about debt, financial obligations and the return on massive infrastructure investments.
• Negative Sentiment: Multiple law firms announced securities-fraud class actions or lead-plaintiff deadlines related to alleged disclosures about the Gemini 3.5 Pro development timeline. The lawsuits are an additional reputational and legal overhang, though their financial impact is uncertain. Alphabet Securities Class Action Notice

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wells Fargo & Company set a $417.00 target price on shares of Alphabet and gave the stock an "overweight" rating in a research report on Tuesday, October 6th. Scotiabank reiterated a "sector outperform" rating and set a $375.00 price target (down from $450.00) on shares of Alphabet in a research note on Thursday. UBS Group reissued a "reduce" rating on shares of Alphabet in a report on Thursday. KeyCorp reissued an "overweight" rating and issued a $385.00 price objective on shares of Alphabet in a research note on Thursday. Finally, BMO Capital Markets set a $425.00 target price on Alphabet in a report on Thursday. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $414.72.

Alphabet Trading Down 12.3%

Shares of GOOG stock opened at $282.32 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The company has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 14.73, a PEG ratio of 0.92 and a beta of 1.19. Alphabet Inc. has a 52-week low of $271.41 and a 52-week high of $404.47. The company has a 50-day simple moving average of $336.93 and a two-hundred day simple moving average of $338.53.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted 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 46.63% and a net margin of 50.03%. The firm had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.97 billion. During the same period in the prior year, the business earned $2.87 EPS. Alphabet's quarterly revenue was up 24.7% compared to the same quarter last year. Research analysts anticipate that Alphabet Inc. will post 20.60 EPS for the current fiscal year.

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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