Alphabet Inc. $GOOG Stock Purchased by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 30.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,671 shares of the information services provider’s stock after purchasing an additional 1,999 shares during the period. Alphabet makes up 1.3% of Whalen Wealth Management Inc.’s investment portfolio, making the stock its 18th largest holding. Whalen Wealth Management Inc.’s holdings in Alphabet were worth $2,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. grew its stake in Alphabet by 1.4% in the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock worth $130,704,718,000 after purchasing an additional 5,164,200 shares during the period. State Street Corp lifted its position in Alphabet by 2.8% during the second quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock valued at $67,458,980,000 after buying an additional 5,208,690 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Alphabet by 2.1% during the 4th quarter. Janus Henderson Group PLC now owns 24,595,622 shares of the information services provider’s stock valued at $7,693,281,000 after buying an additional 508,718 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Alphabet by 2.4% during the 4th quarter. Invesco Ltd. now owns 22,048,456 shares of the information services provider’s stock valued at $6,918,805,000 after buying an additional 517,108 shares in the last quarter. Finally, Amundi grew its position in shares of Alphabet by 22.9% in the 1st quarter. Amundi now owns 21,922,379 shares of the information services provider’s stock worth $6,288,654,000 after buying an additional 4,083,758 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 83 shares of the firm’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 sale, the director owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares of the company’s stock, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 441,399 shares of company stock valued at $8,677,053 over the last ninety days. Insiders own 12.99% of the company’s stock.

Alphabet Stock Down 0.4%

Shares of NASDAQ:GOOG traded down $1.46 during trading on Thursday, reaching $345.91. 6,508,782 shares of the stock traded hands, compared to its average volume of 20,389,168. The stock has a market cap of $4.23 trillion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 1.00 and a beta of 1.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The stock has a 50-day moving average of $342.92 and a two-hundred day moving average of $346.43. Alphabet Inc. has a 52-week low of $236.68 and a 52-week high of $404.47.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. During the same period in the previous year, the business earned $2.31 EPS. The firm’s revenue for the quarter was up 24.2% on a year-over-year basis. As a group, sell-side analysts expect that Alphabet Inc. will post 20.55 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Isomorphic Labs valuation could validate Alphabet’s AI portfolio. The Alphabet-backed drug-discovery startup is reportedly seeking funding at a valuation of at least $40 billion, potentially reaching $50 billion. A successful financing round could highlight the value of Alphabet’s AI assets beyond advertising and cloud services. Alphabet’s Isomorphic Labs seeks valuation of at least $40 billion in new funding round
• Positive Sentiment: Waymo secured $5 billion in debt financing from Blackstone, PIMCO and Sixth Street to accelerate robotaxi expansion. The funding provides additional capital for Alphabet’s autonomous-driving unit without requiring an immediate equity contribution from the parent company. Waymo locks in $5B loan from Blackstone, PIMCO to fuel robotaxi expansion
• Positive Sentiment: Google is broadening commercial applications for Gemini and cloud. Google Cloud is deploying Gemini models with Balyasny Asset Management, while an education partnership will provide Gemini Enterprise to more than 30,000 users. These deals offer evidence of enterprise demand and potential returns on Alphabet’s substantial AI infrastructure spending. Balyasny Asset Management Deploys Gemini Models for Agentic Financial Research
• Positive Sentiment: Long-term power agreements support AI data-center expansion. Alphabet’s nuclear and utility arrangements are designed to secure reliable electricity for data centers, reducing a key bottleneck for cloud and AI growth. Its Unity gaming partnership and new AI media-authentication tools also expand Alphabet’s product ecosystem. Google and Constellation Energy sign latest nuclear energy deal
• Neutral Sentiment: Analysts remain overwhelmingly bullish. Reports cite unanimous positive coverage and price targets well above the current trading range, but some analysts warn that Alphabet’s premium valuation leaves little room for disappointing AI returns. Alphabet Price Prediction: 56 Analysts Bullish, Zero Sells
• Negative Sentiment: Shareholder litigation remains an overhang. Multiple law firms are promoting a securities class action alleging that Alphabet failed to disclose issues related to the anticipated Gemini 3.5 Pro launch and training performance. The allegations are unresolved, but they could increase legal costs and reputational risk. Alphabet Shareholder Alert
• Negative Sentiment: Execution and capital-spending risks are rising. Google was ordered to pause work on two Finnish data centers pending environmental assessments, while commentary points to negative free cash flow and higher debt as AI spending accelerates. These issues could pressure margins if AI monetization fails to keep pace with infrastructure investment. Google ordered to halt work on two data centers in Finland

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GOOG shares. Citigroup reissued a “market outperform” rating on shares of Alphabet in a research report on Friday, August 14th. Wolfe Research reiterated an “outperform” rating on shares of Alphabet in a report on Thursday, August 27th. JPMorgan Chase & Co. dropped their price target on Alphabet from $460.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Zacks Research downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, HSBC set a $515.00 price objective on Alphabet in a research report on Friday, August 14th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $421.95.

About Alphabet

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.