Oak Grove Capital LLC Buys 10,695 Shares of Alphabet Inc. $GOOGL

Key Points

• Oak Grove Capital increased its Alphabet stake by 12.3%, purchasing 10,695 shares to hold 97,936 shares valued at approximately $33.7 million. Institutional investors collectively own 40.03% of Alphabet.
• Analysts remain broadly bullish, with Alphabet receiving a consensus “Buy” rating and an average price target of $425.72; targets from several firms were recently raised.
• Alphabet is advancing its AI strategy through Gemini Agent, potential new Gemini models and significant data-center investment, while its latest quarterly results exceeded expectations with $9.11 in earnings per share and $119.8 billion in revenue.

Oak Grove Capital LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 12.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,936 shares of the information services provider's stock after buying an additional 10,695 shares during the quarter. Alphabet makes up about 1.5% of Oak Grove Capital LLC's holdings, making the stock its 10th biggest position. Oak Grove Capital LLC's holdings in Alphabet were worth $33,698,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. EMC Capital Management purchased a new stake in shares of Alphabet during the fourth quarter worth $33,000. Lifetime Wealth Management P.C. acquired a new stake in Alphabet during the fourth quarter valued at $32,000. Core Capital Management & Research inc. purchased a new position in Alphabet in the second quarter valued at about $41,000. Premier Financial Group purchased a new position in Alphabet in the second quarter valued at about $45,000. Finally, Bard Associates Inc. purchased a new position in Alphabet in the fourth quarter valued at about $52,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 83 shares of the business's stock in a transaction dated 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 approximately $6,494,424.20. The trade was a 0.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 441,399 shares of company stock worth $8,677,053 in the last ninety days. 11.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Piper Sandler upped their target price on Alphabet from $395.00 to $400.00 and gave the stock an "overweight" rating in a research report on Monday, September 28th. KeyCorp lifted their price target on Alphabet from $425.00 to $445.00 and gave the company an "overweight" rating in a report on Friday, July 10th. BMO Capital Markets set a $465.00 price target on Alphabet and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Jefferies Financial Group reissued a "buy" rating on shares of Alphabet in a research note on Monday, June 22nd. Finally, Citizens Jmp restated a "market outperform" rating and issued a $515.00 price objective on shares of Alphabet in a report on Wednesday, July 22nd. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Alphabet currently has an average rating of "Buy" and a consensus price target of $425.72.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled Gemini Agent, an AI system designed to complete multistep tasks across Gmail, Docs, Sheets, Calendar and third-party platforms such as Microsoft 365, Salesforce Slack, Jira and Snowflake. The enterprise focus could support Google Cloud growth and create new Workspace monetization opportunities. Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
• Positive Sentiment: TD Cowen raised its Alphabet price target to $485 while maintaining a Buy rating after the Gemini Agent announcement. Other coverage continues to be broadly bullish, with analysts citing Alphabet’s valuation, advertising business, cloud expansion and AI potential. Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
• Positive Sentiment: Employees are reportedly testing Gemini 4 Carbon, a newer internal model that could improve Alphabet’s competitiveness against OpenAI and Anthropic if it delivers better performance. The report is speculative, but it reinforces expectations for continued AI investment. Google is about to roll out a new AI model
• Positive Sentiment: Alphabet’s reported roughly $13 billion Nordic AI data-center investment highlights access to reliable, lower-cost power and could help address U.S. permitting and grid constraints, though the spending also raises capital-intensity concerns. Google's $13 Billion Nordic Bet

Alphabet Stock Up 1.0%

Shares of GOOGL stock opened at $351.66 on Friday. Alphabet Inc. has a 12 month low of $235.84 and a 12 month high of $408.61. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.30 trillion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21. The stock has a 50 day moving average of $345.90 and a 200-day moving average of $349.18.

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

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet's dividend payout ratio is presently 4.42%.

Alphabet 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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