Quadrant Capital Group LLC Acquires New Shares in Alphabet Inc. $GOOGL

Key Points

• Quadrant Capital Group acquired 295,296 Alphabet shares worth approximately $104.5 million in the third quarter, making Alphabet its sixth-largest holding at 2.8% of the portfolio.
• Alphabet’s growth outlook is increasingly tied to cloud and AI, with reported Google Cloud backlog of about $514 billion and Anthropic cloud commitments of roughly $114.5 billion. Investors will watch whether this demand translates into stronger margins and free cash flow.
• Alphabet faces heightened focus ahead of its October 28 earnings report, including Search growth, AI monetization, capital spending and Google Cloud margins; analysts remain broadly bullish, with a consensus “Buy” rating and a $425.04 price target.

Quadrant Capital Group LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the third quarter, according to its most recent filing with the SEC. The fund acquired 295,296 shares of the information services provider's stock, valued at approximately $104,470,000. Alphabet makes up 2.8% of Quadrant Capital Group LLC's holdings, making the stock its 6th largest holding.

A number of other hedge funds have also bought and sold shares of GOOGL. Strategic Wealth Advisors LLC boosted its holdings in shares of Alphabet by 6.0% in the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock worth $137,000 after acquiring an additional 27 shares during the period. Rockbridge Investment Management LCC grew its position in shares of Alphabet by 0.5% in the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider's stock valued at $1,570,000 after purchasing an additional 27 shares in the last quarter. Ruggaard & Associates LLC raised its stake in shares of Alphabet by 0.9% during the 1st quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider's stock valued at $840,000 after purchasing an additional 27 shares during the period. Cadia Private Client LLC raised its stake in shares of Alphabet by 1.1% during the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock valued at $744,000 after purchasing an additional 28 shares during the period. Finally, Evansbrook LLC raised its stake in shares of Alphabet by 0.3% during the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock valued at $2,738,000 after purchasing an additional 28 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Anthropic’s IPO filing disclosed approximately $114.5 billion in non-cancelable cloud commitments with Alphabet. The agreements could provide significant long-term revenue visibility for Google Cloud, although investors will focus on whether the business can convert that demand into higher margins and free cash flow. Anthropic's IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
• Positive Sentiment: Google Cloud reportedly grew sharply and its backlog reached about $514 billion, while the Gemini app expanded to roughly 950 million monthly users. These figures support the view that cloud and AI could become increasingly important growth engines alongside Search. Alphabet Has $514 Billion in Cloud Orders
• Neutral Sentiment: Options traders expect a sizable move following the October 28 earnings report. The key issues will be Search growth, Google Cloud margins, AI monetization, capital-expenditure guidance, and free cash flow. Alphabet has historically had mixed next-day earnings reactions. Here's How Much Traders See Google Parent Alphabet's Stock Moving After Earnings
• Negative Sentiment: Investors remain wary that heavy AI infrastructure spending could pressure margins and free cash flow, as happened after the prior quarterly report. An analyst also reduced the price target ahead of earnings, adding to caution. Alphabet Stock Slips After Citizens Cuts Price Target
• Negative Sentiment: Several law firms publicized securities class actions alleging Alphabet misled investors during the May 19–July 16 period. The filings are largely investor-solicitation notices rather than new operating developments, but they add reputational and potential financial risk. Alphabet Securities Fraud Class Action Deadline

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $316.80 on Tuesday. The firm has a market capitalization of $3.87 trillion, a P/E ratio of 15.91, a P/E/G ratio of 0.92 and a beta of 1.21. 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 stock's 50-day simple moving average is $342.94 and its two-hundred day simple moving average is $340.66. Alphabet Inc. has a twelve month low of $264.28 and a twelve month high of $408.61.

Analyst Ratings Changes

A number of brokerages recently issued reports on GOOGL. Freedom Capital raised Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $420.00 target price on shares of Alphabet in a report on Monday, October 12th. Piper Sandler lifted their target price on Alphabet from $395.00 to $400.00 and gave the company an "overweight" rating in a report on Monday, September 28th. BMO Capital Markets reiterated an "outperform" rating and set a $480.00 price target (up from $465.00) on shares of Alphabet in a research report on Tuesday, October 20th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $410.00 price target on shares of Alphabet in a report on Thursday, September 3rd. Five research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $425.04.

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 83 shares of the company'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 value of $28,257.35. Following the transaction, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 696 shares of company stock valued at $232,894. Corporate insiders own 11.61% of the company's stock.

About Alphabet

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.

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