Sacks & Associates LLC Acquires 11,609 Shares of Alphabet Inc. $GOOGL

Key Points

• Sacks & Associates LLC initiated a position in Alphabet by purchasing 11,609 shares valued at approximately $4.0 million. Alphabet now represents 2.8% of the firm’s portfolio, while institutional investors collectively own 40.03% of the stock.
• Alphabet’s AI expansion remains a key focus, with its Gemini Agent targeting multistep enterprise tasks and reported testing of a newer Gemini model. The company is also considering roughly $13 billion in Nordic AI data-center investment, supporting capacity growth but increasing capital spending.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and an average price target of $425.72. Alphabet recently reported quarterly revenue of $119.80 billion and earnings of $9.11 per share, exceeding consensus estimates.

Sacks & Associates LLC purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,609 shares of the information services provider's stock, valued at approximately $3,995,000. Alphabet comprises 2.8% of Sacks & Associates LLC's investment portfolio, making the stock its 12th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in GOOGL. State Street Corp grew its stake 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 purchasing an additional 12,718,127 shares during the period. Diamant Asset Management Inc. grew its position in Alphabet by 28,950.0% during the first quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider's stock worth $2,671,986,000 after buying an additional 9,259,940 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Alphabet by 90.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider's stock worth $4,900,078,000 after buying an additional 8,112,680 shares during the period. Corient Private Wealth LLC grew its position in Alphabet by 127.9% during the fourth quarter. Corient Private Wealth LLC now owns 11,677,886 shares of the information services provider's stock worth $3,655,178,000 after buying an additional 6,554,842 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its holdings in Alphabet by 45.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,737,125 shares of the information services provider's stock valued at $4,299,721,000 after buying an additional 4,313,745 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

More Alphabet News

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a $425.00 price target on shares of Alphabet in a research report on Thursday, July 23rd. Piper Sandler increased their price objective on shares of Alphabet from $395.00 to $400.00 and gave the company an "overweight" rating in a research note on Monday, September 28th. Freedom Capital upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Roth Capital restated a "buy" rating and set a $440.00 target price (up from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, DA Davidson set a $350.00 price target on shares of Alphabet and gave the company a "neutral" rating in a report on Thursday, July 23rd. Five analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $425.72.

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 83 shares of the company's stock in a transaction 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 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 441,399 shares of company stock valued at $8,677,053 over the last 90 days. Corporate insiders own 11.61% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $351.66 on Monday. The company has a 50-day simple moving average of $345.90 and a 200-day simple moving average of $349.52. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The company 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. Alphabet Inc. has a 12 month low of $235.84 and a 12 month high of $408.61.

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

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders 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 payout ratio is currently 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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