Wavvest Wealth LLC Makes New Investment in Alphabet Inc. $GOOGL

Wavvest Wealth LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOGL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,804 shares of the information services provider’s stock, valued at approximately $621,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Kraft Davis & Associates LLC lifted its holdings in Alphabet by 7.7% in the third quarter. Kraft Davis & Associates LLC now owns 7,835 shares of the information services provider’s stock worth $2,708,000 after buying an additional 557 shares during the period. Arvest Investments Inc. boosted its position in Alphabet by 7.2% during the 3rd quarter. Arvest Investments Inc. now owns 26,368 shares of the information services provider’s stock valued at $9,073,000 after acquiring an additional 1,762 shares in the last quarter. Albion Financial Group UT grew its holdings in shares of Alphabet by 2.9% during the 3rd quarter. Albion Financial Group UT now owns 193,016 shares of the information services provider’s stock worth $66,413,000 after acquiring an additional 5,520 shares during the period. Milestones Administradora de Recursos Ltda. grew its holdings in shares of Alphabet by 51.8% during the 3rd quarter. Milestones Administradora de Recursos Ltda. now owns 178,688 shares of the information services provider’s stock worth $61,483,000 after acquiring an additional 61,004 shares during the period. Finally, Element Pointe Advisors LLC grew its holdings in shares of Alphabet by 0.3% during the 3rd quarter. Element Pointe Advisors LLC now owns 26,513 shares of the information services provider’s stock worth $9,123,000 after acquiring an additional 85 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Phillip Securities raised Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 27th. Truist Financial set a $420.00 price target on Alphabet and gave the company a “buy” rating in a research report on Thursday, July 23rd. Barclays reaffirmed an “overweight” rating and issued a $425.00 price target (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Citizens Jmp reduced their price target on Alphabet from $515.00 to $450.00 and set a “market outperform” rating on the stock in a research note on Thursday, October 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a report on Thursday, October 15th. Five investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $425.04.

Alphabet Stock Down 1.1%

Shares of NASDAQ:GOOGL opened at $316.80 on Tuesday. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $342.94 and a two-hundred day simple moving average of $340.66. Alphabet Inc. has a 12-month low of $264.28 and a 12-month high of $408.61. The stock has a market capitalization of $3.87 trillion, a price-to-earnings ratio of 15.91, a PEG ratio of 0.92 and a beta of 1.21.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the transaction, the director owned 19,076 shares of the company’s stock, valued at $6,494,424.20. The trade was a 0.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 696 shares of company stock valued at $232,894 over the last 90 days. Corporate insiders own 11.61% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Anthropic’s IPO filing disclosed approximately $114.5 billion in non-cancelable cloud commitments with Alphabet. The agreements could provide significant long-term revenue visibility for Google Cloud, although investors will focus on whether the business can convert that demand into higher margins and free cash flow. Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
• Positive Sentiment: Google Cloud reportedly grew sharply and its backlog reached about $514 billion, while the Gemini app expanded to roughly 950 million monthly users. These figures support the view that cloud and AI could become increasingly important growth engines alongside Search. Alphabet Has $514 Billion in Cloud Orders
• Neutral Sentiment: Options traders expect a sizable move following the October 28 earnings report. The key issues will be Search growth, Google Cloud margins, AI monetization, capital-expenditure guidance, and free cash flow. Alphabet has historically had mixed next-day earnings reactions. Here’s How Much Traders See Google Parent Alphabet’s Stock Moving After Earnings
• Negative Sentiment: Investors remain wary that heavy AI infrastructure spending could pressure margins and free cash flow, as happened after the prior quarterly report. An analyst also reduced the price target ahead of earnings, adding to caution. Alphabet Stock Slips After Citizens Cuts Price Target
• Negative Sentiment: Several law firms publicized securities class actions alleging Alphabet misled investors during the May 19–July 16 period. The filings are largely investor-solicitation notices rather than new operating developments, but they add reputational and potential financial risk. Alphabet Securities Fraud Class Action Deadline

Alphabet Company 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.