Sacks & Associates LLC Acquires New Holdings in Alphabet Inc. $GOOG

Key Points

• Sacks & Associates LLC acquired 3,661 Alphabet shares worth approximately $1.25 million in the third quarter. Other institutional investors also increased their positions, while institutions and hedge funds collectively own 27.26% of the stock.
• Alphabet reported strong quarterly results, with $9.11 in earnings per share and $119.8 billion in revenue, exceeding analyst expectations; revenue rose 24.2% year over year. The company also pays a quarterly dividend of $0.22, or $0.88 annually.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and a $421.95 price target versus the reported share price of $347.86. Investors are focused on Alphabet’s Gemini AI expansion and infrastructure investments, alongside potential legal risks related to alleged disclosures about AI development.

Sacks & Associates LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,661 shares of the information services provider's stock, valued at approximately $1,247,000.

Other institutional investors have also made changes to their positions in the company. HF Advisory Group LLC lifted its position in shares of Alphabet by 10.2% during the third quarter. HF Advisory Group LLC now owns 20,554 shares of the information services provider's stock worth $7,004,000 after purchasing an additional 1,897 shares in the last quarter. Oak Grove Capital LLC boosted its stake in shares of Alphabet by 5.6% in the third quarter. Oak Grove Capital LLC now owns 4,277 shares of the information services provider's stock valued at $1,457,000 after purchasing an additional 226 shares during the period. Marquette Asset Management LLC grew its holdings in Alphabet by 8.3% during the 3rd quarter. Marquette Asset Management LLC now owns 1,300 shares of the information services provider's stock valued at $443,000 after purchasing an additional 100 shares in the last quarter. jvl associates llc grew its holdings in Alphabet by 1.5% during the 3rd quarter. jvl associates llc now owns 10,475 shares of the information services provider's stock valued at $3,569,000 after purchasing an additional 153 shares in the last quarter. Finally, Friday Financial increased its stake in Alphabet by 12.7% during the 3rd quarter. Friday Financial now owns 1,887 shares of the information services provider's stock worth $632,000 after buying an additional 212 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $347.86 on Friday. 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 firm has a market capitalization of $4.25 trillion, a PE ratio of 17.47, a P/E/G ratio of 1.01 and a beta of 1.19. Alphabet Inc. has a 1-year low of $236.68 and a 1-year high of $404.47. The business's fifty day moving average price is $342.96 and its two-hundred day moving average price is $346.76.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $6.24. The company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.31 earnings per share. On average, research analysts expect that Alphabet Inc. will post 20.54 EPS for the current year.

Alphabet Announces Dividend

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

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced a Gemini Agent designed to autonomously complete workplace tasks across Gmail, Docs, Sheets, Calendar, Microsoft 365, Salesforce, Jira and other business systems. The product could strengthen Google Cloud and Workspace monetization by giving enterprise customers a reason to increase AI spending. Google brings agentic AI to Gemini, starting with businesses
• Positive Sentiment: Employees are reportedly testing an even more advanced Gemini 4 model, internally codenamed Carbon. While unconfirmed and not yet a commercial launch, the report reinforces expectations that Alphabet remains competitive in the rapidly evolving AI market. Google employees test new Gemini 4 model
• Positive Sentiment: Analysts and financial commentators continue to view Alphabet as attractively valued relative to Microsoft, Amazon, Meta, Apple and Netflix. The company is growing rapidly while trading at a lower earnings multiple, supporting the argument that the stock has room to recover toward prior highs. Is Alphabet stock priced right against its peers?
• Positive Sentiment: Alphabet’s AI infrastructure strategy is expanding through long-term power and data-center investments, including reported Nordic buildouts and nuclear and microgrid arrangements. Securing reliable electricity could help address a major constraint on future AI and cloud capacity.
• Neutral Sentiment: GOOG benefited from broader technology-sector strength, with gains in major holdings helping lift the SPY and QQQ exchange-traded funds. This provides market support but is not a company-specific catalyst.
• Neutral Sentiment: A reported increase in short interest showed zero shares outstanding and a zero-day days-to-cover ratio, an internally inconsistent data point that offers no reliable trading signal.
• Negative Sentiment: Several law firms are promoting a securities class action alleging that Alphabet misled investors about Gemini development and AI issues during the May 19–July 16 class period. The lawsuits could create legal costs and reputational risk, although the announcements themselves do not establish liability. Rosen Alphabet securities class action announcement

Wall Street Analyst Weigh In

A number of equities analysts have commented on GOOG shares. Truist Financial cut their price objective on shares of Alphabet from $430.00 to $420.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. Canaccord Genuity Group set a $450.00 target price on Alphabet in a research note on Thursday, July 23rd. DA Davidson dropped their target price on Alphabet from $375.00 to $350.00 and set a "neutral" rating on the stock in a research report on Thursday, July 23rd. TD Cowen reaffirmed a "buy" rating and set a $485.00 target price (up from $475.00) on shares of Alphabet in a research report on Thursday. Finally, Rosenblatt Securities began coverage on shares of Alphabet in a report on Thursday, August 20th. They issued a "buy" rating on the stock. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $421.95.

Insider Activity at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 directly owned 19,076 shares of the company's stock, valued at $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 441,399 shares of company stock worth $8,677,053 in the last ninety days. 12.99% of the stock is owned by insiders.

Alphabet Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet's chief executive officer and also leads Google.

Google is Alphabet's primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

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