Alphabet Inc. $GOOGL Stock: Park Avenue Securities LLC Grows Stake

Park Avenue Securities LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 317,806 shares of the information services provider’s stock after buying an additional 3,121 shares during the quarter. Park Avenue Securities LLC’s holdings in Alphabet were worth $109,351,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GOOGL. EMC Capital Management purchased a new stake in shares of Alphabet during the second quarter valued at $35,000. Core Capital Management & Research inc. acquired a new position in shares of Alphabet in the second quarter worth about $41,000. Intelligent Financial Strategies acquired a new stake in shares of Alphabet during the third quarter valued at approximately $41,000. Premier Financial Group purchased a new stake in shares of Alphabet in the 2nd quarter valued at approximately $45,000. Finally, Van Den Berg Management I Inc. raised its stake in Alphabet by 319.6% during the 1st quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider’s stock valued at $61,000 after purchasing an additional 163 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

GOOGL opened at $280.03 on Wednesday. The stock has a market cap of $3.42 trillion, a price-to-earnings ratio of 14.62, a PEG ratio of 0.84 and a beta of 1.23. Alphabet Inc. has a 1 year low of $270.70 and a 1 year high of $408.61. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average price of $336.39 and a 200 day moving average price of $339.61.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.02 by ($0.90). The firm had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.96 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. Analysts forecast that Alphabet Inc. will post 19.86 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet’s payout ratio is 4.59%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year in the latest quarter, and its reported backlog was about $561 billion, highlighting strong enterprise demand. Read More.
• Positive Sentiment: Alphabet is in preliminary discussions related to the U.S. “Golden Dome” defense initiative. A contract could create a new, recurring revenue stream and help monetize its infrastructure investments, though no deal has been confirmed. Read More.
• Neutral Sentiment: Google plans to make its AI tools opt-in for K-12 students, responding to concerns from educators and policymakers. Reports that restricting AI could also limit Search have drawn political criticism, creating reputational risk while the company adjusts its school policies. Read More.
• Negative Sentiment: Recent earnings concerns continue to weigh on the outlook: Alphabet missed quarterly EPS expectations, Search growth slowed, and AI-generated results may produce less advertising revenue than traditional Search. ChatGPT’s search volume is also reported at roughly 20% of Google’s, underscoring competition for users. Read More.
• Negative Sentiment: Heavy AI infrastructure spending pushed free cash flow negative, and management expects capital expenditures to rise further. That raises questions about when the investment will generate sufficient returns and may help explain continued pressure on the shares after earnings. Read More.
• Negative Sentiment: Several law firms publicized an existing securities class action concerning alleged statements about Gemini 3.5 Pro training results. The repeated notices do not indicate separate new cases, but the litigation could add legal and reputational risk. Read More.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GOOGL. Citizens Jmp lowered Alphabet from a “market outperform” rating to a “hold” rating in a report on Thursday, October 29th. Moffett Nathanson set a $345.00 price target on Alphabet in a research report on Thursday, October 29th. Piper Sandler set a $345.00 price objective on Alphabet and gave the stock an “overweight” rating in a research note on Thursday, October 29th. Yorkville Ives started coverage on Alphabet in a research report on Monday, October 5th. They set an “outperform” rating and a $400.00 price objective for the company. Finally, UBS Group set a $332.00 price objective on Alphabet and gave the stock a “neutral” rating in a research report on Thursday, October 29th. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Alphabet currently has a consensus rating of “Buy” and an average target price of $412.51.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 83 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders sold 247 shares of company stock valued at $79,238. 11.61% of the stock is currently owned by insiders.

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.