Wavvest Wealth LLC Makes New $621,000 Investment in Alphabet Inc. $GOOGL

Key Points

• Wavvest Wealth LLC acquired 1,804 Alphabet shares worth approximately $621,000 during the third quarter. Institutional investors collectively own about 40.03% of Alphabet.
• Alphabet shares opened at $316.80, down 1.1%, with a market capitalization of roughly $3.87 trillion. The stock has a consensus “Buy” rating and an average analyst price target of $425.04.
• Investors are focused on Alphabet’s AI and cloud growth, including reported cloud commitments and backlog, while weighing risks from elevated infrastructure spending, pressure on margins and free cash flow, and upcoming earnings results.

Wavvest Wealth LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,804 shares of the information services provider's stock, valued at approximately $621,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in Alphabet by 5.6% in 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. Amundi lifted its stake in Alphabet by 4.6% in the second quarter. Amundi now owns 33,203,350 shares of the information services provider's stock worth $11,865,809,000 after purchasing an additional 1,457,371 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Alphabet by 10.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider's stock valued at $6,334,186,000 after buying an additional 1,631,721 shares during the period. Swiss National Bank boosted its position in Alphabet by 7.1% during the first quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider's stock valued at $4,911,467,000 after buying an additional 1,139,400 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted 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 valued at $4,900,078,000 after buying an additional 8,112,680 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Activity

In other news, Director Frances Arnold sold 83 shares of the company'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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 696 shares of company stock valued at $232,894. Insiders own 11.61% of the company's stock.

Alphabet Trading Down 1.1%

Shares of GOOGL opened at $316.80 on Tuesday. The stock has a market capitalization of $3.87 trillion, a P/E ratio of 15.91, a PEG ratio of 0.92 and a beta of 1.21. Alphabet Inc. has a twelve month low of $264.28 and a twelve 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 fifty day simple moving average of $342.94 and a two-hundred day simple moving average of $340.66.

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

Analyst Ratings Changes

GOOGL has been the topic of a number of recent research reports. DA Davidson set a $350.00 price objective on Alphabet and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Truist Financial set a $420.00 target price on Alphabet and gave the company a "buy" rating in a research note on Thursday, July 23rd. UBS Group restated a "neutral" rating and set a $380.00 target price (up from $379.00) on shares of Alphabet in a report on Wednesday, October 14th. Morgan Stanley set a $400.00 target price on Alphabet and gave the company an "overweight" rating in a report on Thursday, July 23rd. Finally, Piper Sandler raised their price target on Alphabet from $395.00 to $400.00 and gave the stock an "overweight" rating in a research report on Monday, September 28th. Five analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Alphabet presently has a consensus rating of "Buy" and an average price target of $425.04.

Alphabet Profile

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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