TSG Advice Partners LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,588 shares of the information services provider’s stock, valued at approximately $6,568,000. Alphabet accounts for approximately 0.9% of TSG Advice Partners LLC’s portfolio, making the stock its 24th largest holding.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morton Brown Family Wealth LLC boosted its holdings in Alphabet by 135.5% during the third quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider’s stock worth $25,000 after buying an additional 42 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Alphabet during the 2nd quarter valued at $29,000. Livelsberger Financial Advisory bought a new stake in shares of Alphabet during the 3rd quarter worth $37,000. Timbuktu Capital Management LLC bought a new stake in shares of Alphabet during the 2nd quarter worth $46,000. Finally, Robinswood Financial LLC acquired a new position in shares of Alphabet in the 1st quarter worth $57,000. 27.26% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on GOOG shares. Raymond James Financial reaffirmed a “strong-buy” rating and set a $350.00 target price on shares of Alphabet in a research report on Thursday, October 29th. Bank of America reissued a “buy” rating on shares of Alphabet in a research note on Thursday, October 29th. Citigroup downgraded Alphabet from a “market outperform” rating to a “market perform” rating in a report on Thursday, October 29th. Pivotal Research reaffirmed a “buy” rating and set a $475.00 price objective on shares of Alphabet in a research note on Thursday, October 29th. Finally, DA Davidson decreased their target price on shares of Alphabet from $375.00 to $350.00 and set a “neutral” rating for the company in a report on Thursday, July 23rd. Six 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 issued a Sell rating to the stock. According to data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $413.38.
View Our Latest Stock Analysis on Alphabet
Alphabet Stock Up 3.2%
Shares of Alphabet stock opened at $287.30 on Thursday. Alphabet Inc. has a 1 year low of $271.41 and a 1 year high of $404.47. The company has a market cap of $3.51 trillion, a P/E ratio of 14.99, a P/E/G ratio of 0.84 and a beta of 1.21. 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 50-day moving average price of $332.01 and a 200 day moving average price of $337.44.
Alphabet (NASDAQ:GOOG – Get Free Report) last issued its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.89). The business had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. Alphabet’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.87 EPS. As a group, analysts expect that Alphabet Inc. will post 19.80 EPS for the current fiscal year.
Alphabet Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, December 7th will be paid 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 dividend payout ratio is currently 4.59%.
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 shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the sale, the director owned 19,076 shares in the company, valued at $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 available through this hyperlink. In the last quarter, insiders have sold 247 shares of company stock valued at $79,238. 12.99% of the stock is currently owned by corporate insiders.
Key Headlines Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: AI momentum: A venture-capital investor ranked Alphabet’s Gemini as the leading AI model, supporting optimism about the company’s ability to compete in AI and potentially attract usage and spending. Top VC: The Best AI Models Take “80% Plus” of Spend. And Alphabet’s Gemini Just Ranked No. 1
- Positive Sentiment: Long-term infrastructure growth: Google plans to invest $15 billion in Malaysia over two years to expand data-center capacity and support regional AI and cloud demand. The investment could help grow future revenue, though it adds to near-term capital needs. Google to Invest $15 Billion in Malaysia Over Two Years
- Neutral Sentiment: Election-driven rally: Reports attributed the rebound in Alphabet and other mega-cap technology shares to a broad post-election market rally. The result may have eased some near-term concern about data-center policy, although regulatory uncertainty remains. Why Alphabet Stock Popped on Wednesday
- Negative Sentiment: Heavy AI investment weighs on cash flow: Recent coverage highlighted declining free cash flow and rising infrastructure costs, tempering the growth story. Investors remain focused on whether cloud and AI returns will justify the spending. Alphabet’s Free Cash Flow Is Declining Faster Than Analysts Expected
- Negative Sentiment: School Search policy backlash and litigation: Google’s plan tying school access to Search with AI settings drew criticism from politicians and prompted competing search services to target schools. Separately, a securities class action alleges investors were misled about Gemini 3.5 Pro’s progress; the claims are allegations, but add legal and reputational uncertainty. Google faces backlash for plan that would turn off Search for schools that restrict AI
Alphabet Company Profile
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.
Further Reading
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