Transmarket Holdings LP Purchases 2,510 Shares of Alphabet Inc. $GOOG

Transmarket Holdings LP purchased a new position in Alphabet Inc. (NASDAQ:GOOG) in the third quarter, HoldingsChannel.com reports. The fund purchased 2,510 shares of the information services provider’s stock, valued at approximately $855,000.

A number of other institutional investors also recently made changes to their positions in the stock. Pinnacle Wealth Planning Services Inc. raised its position in shares of Alphabet by 41.0% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 24,924 shares of the information services provider’s stock valued at $8,493,000 after buying an additional 7,251 shares during the last quarter. North Dakota State Investment Board boosted its position in Alphabet by 3.9% during the third quarter. North Dakota State Investment Board now owns 145,630 shares of the information services provider’s stock worth $49,622,000 after acquiring an additional 5,448 shares during the last quarter. North Star Investment Management Corp. boosted its position in Alphabet by 0.8% during the third quarter. North Star Investment Management Corp. now owns 36,578 shares of the information services provider’s stock worth $12,464,000 after acquiring an additional 290 shares during the last quarter. SpringVest Wealth Management LLC boosted its position in Alphabet by 55.0% during the third quarter. SpringVest Wealth Management LLC now owns 1,432 shares of the information services provider’s stock worth $488,000 after acquiring an additional 508 shares during the last quarter. Finally, Prism Planning Partners LLC acquired a new stake in Alphabet during the third quarter worth approximately $172,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a report on Thursday, October 15th. Citizens Jmp cut Alphabet from a “mkt outperform” rating to a “market perform” rating in a report on Thursday. Guggenheim restated a “buy” rating and set a $450.00 price objective on shares of Alphabet in a report on Thursday. Wedbush initiated coverage on Alphabet in a research report on Thursday, July 16th. They issued an “outperform” rating and a $445.00 price objective for the company. Finally, Moffett Nathanson dropped their target price on Alphabet from $380.00 to $370.00 and set a “buy” rating for the company in a research note on Wednesday, September 16th. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $413.54.

Alphabet Price Performance

GOOG opened at $278.22 on Friday. The company’s 50 day simple moving average is $335.73 and its 200 day simple moving average is $338.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.64 and a current ratio of 2.79. Alphabet Inc. has a 1 year low of $271.41 and a 1 year high of $404.47. The stock has a market capitalization of $3.40 trillion, a PE ratio of 14.52, a P/E/G ratio of 0.81 and a beta of 1.19.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.01 by ($0.89). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The company had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.97 billion. During the same period last year, the company posted $2.87 EPS. The business’s revenue for the quarter was up 24.7% on a year-over-year basis. As a group, sell-side analysts expect that Alphabet Inc. will post 19.99 EPS for the current year.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered exceptional growth. Revenue more than doubled year over year to approximately $30.7 billion, while operating margins expanded and the backlog reached roughly $561 billion. This supports the view that Alphabet’s AI investments are generating demand. Alphabet Cloud Business Article
• Positive Sentiment: Alphabet’s AI platform may create new revenue streams. OpenAI reportedly plans to use Google’s tensor-processing units, while Gemini performance and expanding AI Search advertising could help Alphabet compete in the AI infrastructure market. Analysts including Goldman Sachs and JPMorgan remain constructive, despite lowering price targets. OpenAI Google AI Chips Article
• Positive Sentiment: Valuation has become more attractive. Reports place GOOG’s price-to-earnings ratio near 14.6, the lowest level in many years, prompting some investors to characterize the selloff as a potential long-term buying opportunity. Google Valuation Article
• Neutral Sentiment: Waymo is expanding internationally. Alphabet’s autonomous-driving unit will test Toyota bZ4X robotaxis in Japan and the U.K., but the business remains small and cash-burning. Waymo Toyota Partnership Article
• Negative Sentiment: Quarterly results missed expectations. Alphabet reported approximately $2.12 in earnings per share and $127.6 billion in revenue, below consensus forecasts. Search revenue grew but missed estimates, and AI-powered searches are reportedly harder to monetize than traditional searches. Alphabet Search Earnings Article
• Negative Sentiment: AI spending is straining cash flow. Capital expenditures and infrastructure commitments pushed free cash flow approximately $9 billion negative for the quarter, raising concerns about returns on Alphabet’s enormous AI investment program and potential financing or dilution. Tech Giants AI Spending Article
• Negative Sentiment: Additional earnings pressure came from investments and legal risk. An unrealized loss on Alphabet’s SpaceX stake reduced earnings, while multiple law firms publicized securities class-action deadlines tied to alleged AI disclosures. These lawsuits are largely investor notices, but they add reputational and headline risk. Alphabet Class Action Notice

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of Alphabet 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 transaction, the director owned 19,076 shares in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 247 shares of company stock valued at $79,238. 12.99% of the stock is owned by company insiders.

About Alphabet

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google’s principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.