Alphabet Inc. $GOOG Holdings Increased by Lyell Wealth Management LP

Lyell Wealth Management LP lifted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 8.9% in the third quarter, Holdings Channel reports. The fund owned 276,741 shares of the information services provider’s stock after purchasing an additional 22,605 shares during the quarter. Alphabet makes up 5.6% of Lyell Wealth Management LP’s holdings, making the stock its 2nd biggest holding. Lyell Wealth Management LP’s holdings in Alphabet were worth $94,297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Readystate Asset Management LP bought a new stake in shares of Alphabet in the 2nd quarter valued at approximately $45,352,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Alphabet by 76.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 14,581,870 shares of the information services provider’s stock worth $4,182,952,000 after purchasing an additional 6,300,900 shares during the period. State Street Corp increased its position in shares of Alphabet by 2.8% during the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock valued at $67,458,980,000 after purchasing an additional 5,208,690 shares during the last quarter. BlackRock Inc. increased its position in shares of Alphabet by 1.4% during the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock valued at $130,704,718,000 after purchasing an additional 5,164,200 shares during the last quarter. Finally, Amundi increased its position in shares of Alphabet by 22.9% during the 1st quarter. Amundi now owns 21,922,379 shares of the information services provider’s stock valued at $6,288,654,000 after purchasing an additional 4,083,758 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wolfe Research restated an “outperform” rating on shares of Alphabet in a report on Thursday, August 27th. DA Davidson dropped their price objective on shares of Alphabet from $375.00 to $350.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. TD Cowen reiterated a “buy” rating and set a $460.00 price objective (down from $485.00) on shares of Alphabet in a research report on Thursday, October 29th. Citigroup downgraded shares of Alphabet from a “market outperform” rating to a “market perform” rating in a research note on Thursday, October 29th. Finally, KeyCorp restated an “overweight” rating and issued a $385.00 target price on shares of Alphabet in a report on Thursday, October 29th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $413.38.

Alphabet Trading Down 1.9%

GOOG opened at $281.74 on Friday. 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 stock’s 50 day moving average price is $330.86 and its 200-day moving average price is $337.20. Alphabet Inc. has a one year low of $271.41 and a one year high of $404.47. The stock has a market cap of $3.45 trillion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 0.87 and a beta of 1.21.

Alphabet (NASDAQ:GOOG) last issued its quarterly 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 business had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.97 billion. During the same period in the prior year, the business posted $2.87 earnings per share. Alphabet’s revenue was up 24.7% on a year-over-year basis. On average, equities analysts forecast that Alphabet Inc. will post 19.80 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet’s dividend payout ratio (DPR) is 4.59%.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 83 shares of the business’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. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 247 shares of company stock worth $79,238 in the last ninety days. 12.99% of the stock is currently owned by company insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is backing financing for TeraWulf’s data-center project tied to Anthropic’s long-term leases. The support could help secure infrastructure for AI demand, though it also exposes Google to a contingent commitment if Anthropic defaults. Article: Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
• Positive Sentiment: Waymo plans to expand its robotaxi fleet in Nashville by year-end, offering a potential growth signal for Alphabet’s autonomous-driving business. Article: Lyft to expand Waymo robotaxi fleet in Nashville by year-end
• Negative Sentiment: Google, Meta and TikTok sued California’s attorney general to block a law restricting features deemed addictive for under-16 users. The dispute adds regulatory uncertainty and scrutiny of Google’s services for young people. Article: Meta, Google, and TikTok sue California AG over teen social media law
• Negative Sentiment: Parents have sued Google, alleging a student used an AI chat on a school Chromebook while planning a suicide attempt. The claim is unproven, but it could heighten concerns about AI safety, liability and reputational risk. Article: Google faces claims student used AI chat on US school laptop to plan suicide attempt
• Negative Sentiment: Several law firms publicized a securities class action concerning investors who bought Alphabet shares from May 19 to July 16, alleging misleading statements about Gemini 3.5 Pro’s launch timing. The allegations have not been proven, but add legal overhang. Article: Rosen Law Firm investor notice

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.