Alphabet Inc. $GOOG Stock Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC raised its position in Alphabet Inc. (NASDAQ:GOOG) by 54.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,878 shares of the information services provider’s stock after purchasing an additional 6,626 shares during the quarter. Kestra Investment Management LLC’s holdings in Alphabet were worth $6,432,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GOOG. AlphaCore Capital LLC lifted its holdings in shares of Alphabet by 117.1% during the 3rd quarter. AlphaCore Capital LLC now owns 129,425 shares of the information services provider’s stock valued at $44,100,000 after buying an additional 69,817 shares during the last quarter. Running Oak Capital LLC grew its stake in shares of Alphabet by 3.3% in the 3rd quarter. Running Oak Capital LLC now owns 30,359 shares of the information services provider’s stock valued at $10,345,000 after buying an additional 974 shares in the last quarter. Midwest Capital Advisors LLC grew its stake in shares of Alphabet by 18.1% in the 3rd quarter. Midwest Capital Advisors LLC now owns 521 shares of the information services provider’s stock valued at $177,000 after buying an additional 80 shares in the last quarter. Palacios Wealth Management LLC increased its holdings in Alphabet by 1.8% in the third quarter. Palacios Wealth Management LLC now owns 10,250 shares of the information services provider’s stock worth $3,493,000 after buying an additional 178 shares during the last quarter. Finally, Private Management Group Inc. increased its holdings in Alphabet by 1.4% in the third quarter. Private Management Group Inc. now owns 6,303 shares of the information services provider’s stock worth $2,148,000 after buying an additional 88 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Down 0.4%

GOOG opened at $284.92 on Wednesday. The business has a 50 day moving average price of $327.64 and a 200 day moving average price of $336.57. Alphabet Inc. has a twelve month low of $271.41 and a twelve month high of $404.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. The firm has a market cap of $3.50 trillion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 0.87 and a beta of 1.21.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $127.97 billion. During the same period in the previous year, the company earned $2.87 EPS. The firm’s revenue for the quarter was up 24.7% compared to the same quarter last year. Research analysts forecast that Alphabet Inc. will post 19.74 EPS for the current year.

Alphabet Announces Dividend

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

Insider Activity

In related news, Director Frances Arnold sold 83 shares of the company’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the sale, the director directly owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 247 shares of company stock worth $79,238. 12.99% of the stock is currently owned by corporate insiders.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Anthropic investment and cloud ties could add value. Alphabet plans to invest $10 billion in Anthropic at its IPO, on top of prior commitments. Anthropic also has large Google Cloud infrastructure commitments, potentially supporting cloud revenue and giving Alphabet a valuable stake if the IPO valuation holds. Those gains remain contingent on the offering and valuation. Article: Anthropic’s Trillion-Dollar IPO Could Give Cloud Giants a Double Win
• Positive Sentiment: Google is expanding its AI hardware and model lineup. New TPU variants target confidential computing and larger AI workloads, potentially helping Google Cloud compete and reduce reliance on outside chips. Google also made Gemini 4 Carbon available to developers and businesses. Article: Google broadens its AI hardware portfolio with two new specialized chips Article: Google Launches Gemini 4 Carbon
• Neutral Sentiment: Pixel Tag adds a new consumer product. Google’s $30 item tracker is now available for Android users, but its effect on Alphabet’s overall results is likely limited. Article: Pixel Tag is now available
• Negative Sentiment: Investors face renewed securities-fraud lawsuit headlines. Multiple law firms publicized a pending class action alleging misleading statements about the Gemini 3.5 Pro launch timeline. The lead-plaintiff deadline is December 1. The notices are largely legal solicitations, but the underlying allegations can add uncertainty and reputational risk. Article: Alphabet securities-fraud lawsuit deadline
• Negative Sentiment: AI competition is intensifying. Anthropic is reportedly developing workplace tools, including a spreadsheet product that could compete with Google Sheets, while its Claude assistant is expanding into Google Meet. This highlights both competitive pressure and the risk of depending on a partner that also competes with Google. Article: Anthropic brings Claude to Google Meet
• Negative Sentiment: Waymo faces a safety and privacy overhang. Federal scrutiny over robotaxis’ school-bus behavior and added privacy protections related to Spirit Airlines employee data create regulatory and reputational risks. Article: Federal Government Probes Waymo Over School-Bus Safety

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Alphabet from $425.00 to $375.00 and set an “overweight” rating on the stock in a research report on Thursday, October 29th. Canaccord Genuity Group set a $450.00 price target on shares of Alphabet in a research note on Thursday, July 23rd. Citic Securities raised their price target on shares of Alphabet from $430.00 to $434.00 and gave the company a “buy” rating in a report on Monday, July 27th. Oppenheimer reaffirmed an “outperform” rating and issued a $400.00 price objective (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company set a $365.00 price objective on shares of Alphabet in a report on Monday, November 2nd. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $413.38.

Alphabet Company Profile

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer. Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.