Sound Income Strategies LLC Raises Position in Alphabet Inc. $GOOG

Sound Income Strategies LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 354.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,516 shares of the information services provider’s stock after acquiring an additional 19,906 shares during the period. Sound Income Strategies LLC’s holdings in Alphabet were worth $6,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RDA Financial Network boosted its position in shares of Alphabet by 5.3% during the second quarter. RDA Financial Network now owns 11,094 shares of the information services provider’s stock worth $1,968,000 after acquiring an additional 554 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in Alphabet by 1.4% in the 2nd quarter. Bleakley Financial Group LLC now owns 170,020 shares of the information services provider’s stock worth $30,160,000 after purchasing an additional 2,304 shares in the last quarter. American National Bank of Texas bought a new position in shares of Alphabet during the 3rd quarter valued at about $900,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Alphabet by 3.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,164,341 shares of the information services provider’s stock valued at $206,542,000 after purchasing an additional 42,028 shares during the last quarter. Finally, Oldfather Financial Services LLC purchased a new position in shares of Alphabet during the second quarter valued at about $213,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet agreed to acquire Intersect Power for about $4.75B (plus assumed debt), securing clean energy and data-center projects to accelerate AI compute capacity — a direct strategic move to remove power bottlenecks for Google Cloud and AI workloads. Alphabet to buy data center infrastructure firm Intersect
• Positive Sentiment: Product momentum: Google rolled out Gemini 3 Flash, reinforcing Alphabet’s AI leadership and helping investor confidence in future revenue and monetization opportunities across search, cloud, and enterprise AI. As Google Launches Gemini 3 Flash
• Positive Sentiment: Wall Street and institutional backing: recent analyst upgrades and higher price targets (e.g., Wedbush raising PT to $350; multiple “buy/outperform” notes) plus heavy institutional inflows support valuation and buying interest. Alphabet price/analyst coverage summary
• Neutral Sentiment: Waymo is showing strong operational progress (miles and performance metrics), positioning Alphabet well in autonomous mobility long-term; but near-term commercialization timelines remain uncertain. Waymo and Uber set for market war
• Neutral Sentiment: Alphabet-backed startup Motive filed for an IPO — a positive for Alphabet’s VC arm (GV) if the offering succeeds, but limited direct near-term impact on GOOG’s core earnings. Motive files for IPO
• Negative Sentiment: Legal and regulatory overhangs: a lawsuit from a New York Times reporter alleges unauthorized use of copyrighted books to train AI models, and California regulators are reviewing a Waymo stall incident after a power outage — both add execution and litigation risk. NYT reporter sues Google over chatbot training

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of research analyst reports. UBS Group reiterated a “neutral” rating on shares of Alphabet in a research report on Thursday, October 30th. Piper Sandler lifted their price objective on Alphabet from $285.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Loop Capital raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Guggenheim reiterated a “buy” rating and set a $375.00 target price on shares of Alphabet in a research report on Monday, December 1st. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $330.00 price target on shares of Alphabet in a research report on Thursday, October 30th. Seven analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $313.04.

Alphabet Price Performance

Shares of Alphabet stock opened at $315.68 on Wednesday. The stock has a market cap of $3.81 trillion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 1.79 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a 50 day moving average price of $292.55 and a 200-day moving average price of $237.48. Alphabet Inc. has a one year low of $142.66 and a one year high of $328.67.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. The company had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.Alphabet’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.12 EPS. Equities analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is 8.28%.

Insider Buying and Selling

In other Alphabet news, insider John Kent Walker sold 17,816 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the completion of the transaction, the insider owned 42,985 shares in the company, valued at $10,635,348.70. The trade was a 29.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total value of $8,129,875.00. Following the transaction, the chief executive officer directly owned 2,369,619 shares in the company, valued at approximately $592,760,192.85. This represents a 1.35% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 228,906 shares of company stock valued at $63,984,117. Company insiders own 12.99% of the company’s stock.

Alphabet Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.