MRA Advisory Group Sells 3,827 Shares of Alphabet Inc. $GOOG

Key Points

• MRA Advisory Group cut its Alphabet stake by 55.2% in the third quarter, selling 3,827 shares and retaining 3,102 shares valued at approximately $1.06 million.
• Wall Street remains broadly bullish: Alphabet has an average “Buy” rating and an average price target of $420.07, versus a recent trading price of $344.16.
• Alphabet reported strong quarterly results, with $9.11 in earnings per share and $119.8 billion in revenue, while revenue grew 24.2% year over year. The company also pays a quarterly dividend of $0.22 per share.

MRA Advisory Group reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 55.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,102 shares of the information services provider's stock after selling 3,827 shares during the period. MRA Advisory Group's holdings in Alphabet were worth $1,057,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Providence Wealth Advisors LLC increased its position in shares of Alphabet by 0.3% during the first quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider's stock valued at $3,094,000 after acquiring an additional 29 shares during the last quarter. One Charles Private Wealth Services LLC lifted its holdings in shares of Alphabet by 0.6% in the 1st quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider's stock worth $1,390,000 after acquiring an additional 29 shares during the last quarter. Wisconsin Wealth Advisors LLC boosted its position in shares of Alphabet by 1.3% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider's stock worth $785,000 after purchasing an additional 29 shares during the period. Financial Enhancement Group LLC increased its holdings in Alphabet by 2.3% in the 1st quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider's stock valued at $380,000 after purchasing an additional 30 shares during the last quarter. Finally, Johnson Wealth Management LLC increased its holdings in Alphabet by 1.7% in the 2nd quarter. Johnson Wealth Management LLC now owns 1,842 shares of the information services provider's stock valued at $651,000 after purchasing an additional 30 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GOOG. Wolfe Research restated an "outperform" rating on shares of Alphabet in a research note on Thursday, August 27th. Royal Bank Of Canada reiterated a "buy" rating and issued a $475.00 price objective on shares of Alphabet in a report on Thursday, July 23rd. Piper Sandler increased their target price on Alphabet from $395.00 to $400.00 and gave the stock an "overweight" rating in a research note on Monday, September 28th. UBS Group restated an "overweight" rating on shares of Alphabet in a report on Tuesday. Finally, KeyCorp reissued an "overweight" rating and issued a $435.00 price objective on shares of Alphabet in a research note on Thursday, October 1st. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $420.07.

Alphabet Stock Down 0.1%

NASDAQ:GOOG traded down $0.43 during midday trading on Wednesday, reaching $344.16. The company had a trading volume of 5,890,546 shares, compared to its average volume of 20,433,744. Alphabet Inc. has a 12-month low of $236.68 and a 12-month high of $404.47. The firm has a market capitalization of $4.21 trillion, a price-to-earnings ratio of 17.28, a PEG ratio of 1.00 and a beta of 1.19. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The stock's fifty day simple moving average is $342.68 and its 200-day simple moving average is $346.13.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) 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 analyst estimates of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.Alphabet's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.31 EPS. On average, sell-side analysts anticipate that Alphabet Inc. will post 20.55 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company 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 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is 4.42%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet and Constellation Energy agreed to long-term nuclear-power arrangements supporting roughly 3,590 megawatts for Google’s data centers. The agreement strengthens Alphabet’s ability to secure reliable electricity for AI infrastructure and signals confidence in sustained AI demand. Google and Constellation nuclear agreement
• Positive Sentiment: Google is partnering with Unity on an AI-powered game-creation platform that could expand the reach of Google AI and create new engagement opportunities across its ecosystem. The announcement also highlights Alphabet’s broader push to commercialize AI beyond Search and Cloud. Google and Unity AI gaming partnership
• Positive Sentiment: Analyst and investor commentary remains broadly bullish, citing resilient Search advertising, rapid Cloud growth, strong profitability and a comparatively modest valuation. Reported price targets generally range from approximately $416 to $450, above recent trading levels. Alphabet price target commentary
• Neutral Sentiment: Alphabet launched SynthID, a public tool for identifying AI-generated images, video and audio. The product may support trust and safety initiatives, although near-term revenue impact is unclear. Google SynthID website
• Negative Sentiment: Construction on two Google data centers in Finland was ordered halted pending environmental-impact assessments, creating potential delays and highlighting permitting risks for Alphabet’s capital-intensive AI expansion. Google Finland data center halt
• Negative Sentiment: Alphabet continues to face securities-fraud and Play Store antitrust litigation tied to alleged disclosures about Gemini development and app-store fees. The lawsuits may increase legal costs, damages exposure and regulatory uncertainty, though the repeated law-firm announcements do not represent new judgments against the company. Alphabet Play Store antitrust lawsuit

Insider Buying and Selling

In other news, Director Frances Arnold sold 83 shares of the firm's stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the sale, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. The SEC filing for this sale provides additional information. Insiders sold 441,399 shares of company stock worth $8,677,053 over the last 90 days. 12.99% of the stock is owned by insiders.

About Alphabet

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet's chief executive officer and also leads Google.

Google is Alphabet's primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

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