XXI Wealth LLC Buys 2,407 Shares of Alphabet Inc. $GOOGL

Key Points

• XXI Wealth increased its Alphabet stake by 21.1% in the third quarter, purchasing 2,407 additional shares for a total of 13,817 shares valued at approximately $4.75 million. Institutional investors collectively own 40.03% of Alphabet.
• Alphabet shares opened at $283.82, down 12.6%, after the company reported quarterly EPS of $2.12 versus the $3.02 consensus estimate and revenue slightly below expectations. Heavy AI and data-center spending is also weighing on free cash flow.
• Despite the earnings miss and lower price targets from some analysts, Alphabet retains a consensus “Buy” rating with an average price target of $412.82, supported by strong Google Cloud growth and expanding AI demand.

XXI Wealth LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 21.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,817 shares of the information services provider's stock after purchasing an additional 2,407 shares during the quarter. Alphabet makes up approximately 1.8% of XXI Wealth LLC's investment portfolio, making the stock its 7th biggest position. XXI Wealth LLC's holdings in Alphabet were worth $4,754,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. EMC Capital Management purchased a new position in shares of Alphabet during the 2nd quarter valued at about $35,000. Core Capital Management & Research inc. bought a new position in shares of Alphabet during the 2nd quarter valued at approximately $41,000. Intelligent Financial Strategies purchased a new stake in Alphabet in the 3rd quarter worth approximately $41,000. Premier Financial Group purchased a new stake in Alphabet in the 2nd quarter worth approximately $45,000. Finally, Graney & King LLC increased its holdings in Alphabet by 38.5% in the 2nd quarter. Graney & King LLC now owns 180 shares of the information services provider's stock worth $64,000 after acquiring an additional 50 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Down 12.6%

Shares of GOOGL opened at $283.82 on Friday. The firm has a market cap of $3.47 trillion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 0.94 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. Alphabet Inc. has a 1 year low of $270.70 and a 1 year high of $408.61. The company has a 50 day simple moving average of $340.29 and a two-hundred day simple moving average of $340.43.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a return on equity of 46.63% and a net margin of 50.03%. The company had revenue of $127.58 billion during the quarter, compared to analysts' expectations of $127.96 billion. On average, equities analysts expect that Alphabet Inc. will post 20.60 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GOOGL shares. UBS Group set a $332.00 target price on shares of Alphabet and gave the stock a "neutral" rating in a research note on Thursday. Pivotal Research reiterated a "buy" rating and issued a $475.00 price target (up from $470.00) on shares of Alphabet in a research report on Thursday, July 23rd. Wells Fargo & Company reissued an "overweight" rating and issued a $417.00 price objective (up from $411.00) on shares of Alphabet in a research note on Tuesday, October 6th. Guggenheim restated a "buy" rating and set a $450.00 price objective on shares of Alphabet in a research report on Thursday. Finally, Moffett Nathanson set a $345.00 target price on shares of Alphabet in a research note on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $412.82.

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of the business's stock in a transaction 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 sale, the director owned 19,076 shares in the company, valued at $6,494,424.20. The trade was a 0.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.61% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered exceptional growth. Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results indicate strong demand for Alphabet’s AI infrastructure and cloud services. Alphabet’s Cloud Business Just Doubled
• Positive Sentiment: Alphabet’s AI ecosystem is gaining commercial traction. OpenAI reportedly plans to use Google’s custom TPU chips, and search query growth reached its strongest year-over-year pace in five years. These developments could support longer-term cloud, chip and AI revenue opportunities.
• Positive Sentiment: Some analysts remain constructive despite reducing targets. Guggenheim and Needham reaffirmed “buy” ratings, while RBC, Wedbush, KeyCorp, Susquehanna and Truist retained positive or outperform-equivalent ratings.
• Neutral Sentiment: Analyst expectations were reset lower. Multiple firms cut price targets, including RBC to $400, Wedbush to $387 and DA Davidson to $300, although most remained positive or neutral rather than bearish.
• Neutral Sentiment: Alphabet faces several securities class-action notices concerning alleged disclosures about the development of its Gemini AI models. The lawsuits and lead-plaintiff deadlines add reputational and legal uncertainty, but their immediate financial impact is unclear.
• Negative Sentiment: Alphabet missed Wall Street’s quarterly expectations. Adjusted earnings were $2.12 per share versus roughly $3.02 expected, while revenue of $127.6 billion was slightly below forecasts. Search and other revenue grew 12% but missed estimates for a second consecutive quarter, and YouTube advertising revenue also fell short.
• Negative Sentiment: AI spending is pressuring cash generation. Alphabet reported approximately $9.1 billion of negative free cash flow as capital expenditures for data centers and AI capacity exceeded operating cash flow. Investors are questioning whether the spending will generate adequate returns and whether it could constrain buybacks or dividends. Alphabet earnings miss reflects first real sign that AI is taking a bite out of search
• Negative Sentiment: AI-powered search appears less profitable than traditional search, raising concerns that AI could disrupt Alphabet’s core advertising engine even as it increases user engagement.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment and an EU antitrust fine further reduced reported earnings, amplifying the quarter’s bottom-line miss.

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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