N10 Assets LLC Buys 4,472 Shares of Alphabet Inc. $GOOGL

Key Points

• N10 Assets LLC increased its Alphabet position by 13.5% in the third quarter, adding 4,472 shares to hold 37,656 shares valued at approximately $12.96 million. Institutional investors and hedge funds own about 40% of Alphabet.
• Alphabet’s AI momentum remains a key focus, with the launch of Gemini 4 Argon and growing demand for data-center capacity and in-house Tensor Processing Units. However, heavy AI capital spending, free-cash-flow pressure and a securities lawsuit tied to Gemini-related disclosures pose risks.
• Analysts remain broadly bullish, with Alphabet carrying a consensus “Buy” rating and an average price target of $425.74 versus a recent price of $347.64. The company also reported quarterly revenue of $119.8 billion, above estimates, and EPS of $9.11.

N10 Assets LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 13.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,656 shares of the information services provider's stock after acquiring an additional 4,472 shares during the quarter. Alphabet accounts for about 4.7% of N10 Assets LLC's holdings, making the stock its 7th largest position. N10 Assets LLC's holdings in Alphabet were worth $12,957,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. State Street Corp lifted its position in shares of Alphabet by 5.6% during the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock worth $85,403,303,000 after buying an additional 12,718,127 shares during the period. Invesco Ltd. boosted its position in Alphabet by 0.5% in the fourth quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider's stock valued at $14,208,470,000 after buying an additional 208,362 shares in the last quarter. Amundi grew its position in Alphabet by 4.6% during the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider's stock worth $11,865,809,000 after acquiring an additional 1,457,371 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Alphabet by 10.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider's stock valued at $6,334,186,000 after purchasing an additional 1,631,721 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Alphabet by 11.9% in the fourth quarter. Hsbc Holdings PLC now owns 16,466,253 shares of the information services provider's stock valued at $5,154,034,000 after buying an additional 1,749,161 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google launched Gemini 4 Argon, a new frontier AI model for developers, businesses and paid users. The model includes expanded coding and knowledge-work capabilities, potentially strengthening Alphabet’s competitive position and supporting future Cloud and subscription revenue. Google launches flagship AI model Gemini 4 Argon for developers and businesses
• Positive Sentiment: UBS raised its Alphabet price target, while BNP Paribas reportedly lifted its target to $450 based partly on the outlook for Alphabet’s in-house Tensor Processing Units. Analysts see potential for the chip business to become a significant revenue opportunity. Alphabet target bumped to $450 at BNP Paribas on TPU outlook
• Positive Sentiment: American Electric Power plans to invest approximately $4 billion in Wyoming fuel-cell generation to serve Google’s growing electricity demand. The project supports Alphabet’s expanding data-center and AI infrastructure capacity, although it also highlights the significant cost of scaling AI. American Electric Power to invest $4 billion fuel-cell project to power Google
• Neutral Sentiment: Alphabet’s Google DeepMind and Google Cloud will give European researchers access to frontier AI models, potentially improving research adoption and ecosystem influence. Meanwhile, the European Commission said it remains in dialogue with Google, leaving regulatory implications unclear.
• Negative Sentiment: Multiple law firms publicized a securities class action covering investors who purchased Alphabet shares between May 19 and July 16, 2026. The lawsuit alleges Alphabet misrepresented delays and training problems involving the Gemini 3.5 Pro launch after a subsequent stock decline. The repeated notices increase headline, litigation and reputational risk, although they do not represent new findings of liability. Alphabet AI issues and subsequent stock drop trigger securities-fraud class action
• Negative Sentiment: Investor commentary also flagged heavy AI capital spending and the gap between operating cash flow and free cash flow, reinforcing concerns that data-center expansion could pressure near-term cash generation despite strong reported earnings.

Insider Activity

In other news, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the transaction, the chief accounting officer owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frances Arnold sold 83 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director owned 19,076 shares in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 441,399 shares of company stock worth $8,677,053. 11.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GOOGL. BMO Capital Markets set a $465.00 price target on shares of Alphabet and gave the company an "outperform" rating in a report on Thursday, July 23rd. Citizens Jmp reiterated a "market outperform" rating and issued a $515.00 price objective on shares of Alphabet in a report on Wednesday, July 22nd. Freedom Capital raised Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. Wells Fargo & Company reaffirmed an "overweight" rating and set a $417.00 price objective (up from $411.00) on shares of Alphabet in a research note on Tuesday, October 6th. Finally, Evercore restated an "outperform" rating and set a $450.00 target price on shares of Alphabet in a report on Wednesday, September 16th. Five analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Alphabet presently has an average rating of "Buy" and a consensus price target of $425.74.

Alphabet Price Performance

NASDAQ:GOOGL opened at $347.64 on Thursday. 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 Inc. has a 12-month low of $244.15 and a 12-month high of $408.61. The stock's 50 day moving average price is $344.71 and its two-hundred day moving average price is $350.87. The firm has a market capitalization of $4.25 trillion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.02 and a beta of 1.21.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.89 by $6.22. The business had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, analysts anticipate that Alphabet Inc. will post 20.54 earnings per share for the current year.

Alphabet Dividend Announcement

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

Alphabet Company Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.

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