ProShare Advisors LLC Purchases 94,301 Shares of Alphabet Inc. $GOOGL

Key Points

• ProShare Advisors increased its Alphabet stake by 3.2%, buying 94,301 shares in the third quarter to hold 3.08 million shares valued at about $1.06 billion.
• Alphabet’s latest quarterly results fell short of expectations: earnings were $2.12 per share versus $3.02 forecast, while revenue of $127.58 billion was slightly below consensus.
• Analysts remain broadly positive, with the stock carrying a consensus “Buy” rating and an average price target of $412.51; five analysts rate it a Strong Buy and 45 a Buy.

ProShare Advisors LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,076,096 shares of the information services provider's stock after purchasing an additional 94,301 shares during the quarter. Alphabet makes up approximately 1.5% of ProShare Advisors LLC's holdings, making the stock its 8th largest holding. ProShare Advisors LLC's holdings in Alphabet were worth $1,058,423,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vise Technologies Inc. increased its position in shares of Alphabet by 19.4% during the third quarter. Vise Technologies Inc. now owns 460,470 shares of the information services provider's stock valued at $158,438,000 after buying an additional 74,659 shares during the period. Investment Partners LTD. raised its stake in Alphabet by 57.7% in the third quarter. Investment Partners LTD. now owns 10,529 shares of the information services provider's stock worth $3,622,000 after buying an additional 3,851 shares in the last quarter. Intrua Financial LLC lifted its holdings in Alphabet by 0.4% in the third quarter. Intrua Financial LLC now owns 10,675 shares of the information services provider's stock worth $3,673,000 after buying an additional 42 shares during the period. Blue Fin Capital Inc. lifted its holdings in Alphabet by 6.2% in the third quarter. Blue Fin Capital Inc. now owns 122,549 shares of the information services provider's stock worth $42,167,000 after buying an additional 7,106 shares during the period. Finally, Global Assets Advisory LLC boosted its position in Alphabet by 0.4% during the 3rd quarter. Global Assets Advisory LLC now owns 20,458 shares of the information services provider's stock valued at $7,099,000 after acquiring an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is acquiring a Wyoming data-center site from Crusoe as it expands capacity for AI workloads. The purchase supports Alphabet’s push to secure infrastructure it might otherwise lease; a broader Wyoming project has been reported at about $17 billion, with Google saying it will cover the facility’s power costs. Reuters article
• Positive Sentiment: Alphabet’s Wing plans to invest up to $125 million over two years in a Fort Worth manufacturing facility capable of producing tens of thousands of delivery drones annually. The investment could help scale Wing’s commercial operations, though it requires substantial upfront spending. Wall Street Journal article
• Neutral Sentiment: Google plans to double prices for paid input, output and context-caching on its Gemini 3.8 and 3.6 Flash APIs starting January 1, 2027. Higher pricing could improve monetization, but its effect on customer demand is uncertain. Yahoo Finance article
• Negative Sentiment: Alphabet faces renewed investor scrutiny over a securities class action alleging misleading statements during May–July 2026. The claims are allegations, not findings, but could add legal and reputational risk; multiple law-firm notices largely repeat the same case. PR Newswire article
• Negative Sentiment: Investors remain concerned about uncertainty around data-center regulation and the scale of AI capital spending. A separate lawsuit also alleges safety harms involving Google’s AI on a school Chromebook, adding potential reputational and legal exposure. Reuters article

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GOOGL shares. DZ Bank upgraded Alphabet to a "strong-buy" rating in a report on Thursday, July 23rd. Needham & Company LLC reissued a "buy" rating and issued a $450.00 target price on shares of Alphabet in a research report on Thursday, October 29th. Phillip Securities upgraded Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 27th. Benchmark restated a "buy" rating on shares of Alphabet in a research report on Thursday, October 1st. Finally, Piper Sandler set a $345.00 price target on Alphabet and gave the company an "overweight" rating in a research report on Thursday, October 29th. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $412.51.

Insider Buying and Selling

In related news, Director Frances Arnold sold 83 shares of the 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 sale, the director directly owned 19,076 shares of the company's stock, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 247 shares of company stock worth $79,238. Corporate insiders own 11.61% of the company's stock.

Alphabet Stock Performance

Alphabet stock opened at $284.78 on Monday. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19. The business's fifty day simple moving average is $332.93 and its two-hundred day simple moving average is $338.97. Alphabet Inc. has a 12 month low of $270.70 and a 12 month high of $408.61. The company has a market capitalization of $3.50 trillion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 0.86 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The company had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.96 billion. As a group, equities analysts predict that Alphabet Inc. will post 19.86 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be paid a $0.22 dividend. The ex-dividend date is Monday, December 7th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet's payout ratio is presently 4.59%.

Alphabet Company Profile

Alphabet Inc is a technology holding company whose largest business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company reorganized its businesses under the holding-company structure in 2015.

Google's products and services include Search, YouTube, Android, Chrome, Google Maps, Google Play and Google Cloud. The company also generates revenue from digital advertising and offers devices, subscriptions and artificial intelligence products and services.

Alphabet serves consumers, businesses and organizations around the world.

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