Breakthru Advisory Services LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,891 shares of the information services provider’s stock, valued at approximately $1,189,000. Alphabet comprises approximately 0.8% of Breakthru Advisory Services LLC’s portfolio, making the stock its 21st biggest position.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Breakwater Investment Management boosted its holdings in Alphabet by 1.0% in the 3rd quarter. Breakwater Investment Management now owns 4,228 shares of the information services provider’s stock worth $1,028,000 after buying an additional 41 shares during the period. Contravisory Investment Management Inc. increased its stake in Alphabet by 2.9% in the third quarter. Contravisory Investment Management Inc. now owns 1,572 shares of the information services provider’s stock valued at $382,000 after acquiring an additional 44 shares during the last quarter. Towerpoint Wealth LLC lifted its position in Alphabet by 1.6% in the 3rd quarter. Towerpoint Wealth LLC now owns 3,037 shares of the information services provider’s stock worth $738,000 after buying an additional 47 shares during the last quarter. Beddow Capital Management Inc. boosted its stake in shares of Alphabet by 2.0% in the 2nd quarter. Beddow Capital Management Inc. now owns 2,510 shares of the information services provider’s stock valued at $445,000 after purchasing an additional 50 shares in the last quarter. Finally, Trinity Financial Advisors LLC lifted its stake in shares of Alphabet by 1.3% in the 3rd quarter. Trinity Financial Advisors LLC now owns 3,833 shares of the information services provider’s stock valued at $932,000 after acquiring an additional 50 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on GOOGL. Tigress Financial boosted their price objective on shares of Alphabet from $240.00 to $280.00 and gave the company a “strong-buy” rating in a research report on Friday, September 5th. UBS Group restated a “neutral” rating and set a $306.00 price target (up from $255.00) on shares of Alphabet in a report on Thursday, October 30th. DA Davidson reiterated a “neutral” rating and set a $300.00 target price on shares of Alphabet in a research note on Tuesday, November 25th. Sanford C. Bernstein raised their target price on shares of Alphabet from $260.00 to $305.00 and gave the stock a “market perform” rating in a report on Thursday, October 30th. Finally, BNP Paribas Exane assumed coverage on shares of Alphabet in a report on Monday, November 24th. They set an “outperform” rating and a $355.00 target price for the company. Four investment analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $315.90.
Insider Activity at Alphabet
In related news, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $250.05, for a total value of $694,638.90. Following the sale, the chief accounting officer owned 14,516 shares of the company’s stock, valued at $3,629,725.80. This trade represents a 16.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 17,816 shares of the firm’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $247.42, for a total value of $4,408,034.72. Following the completion of the sale, the insider owned 42,985 shares in the company, valued at approximately $10,635,348.70. This represents a 29.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 226,128 shares of company stock worth $63,183,331. Corporate insiders own 11.55% of the company’s stock.
More Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet agreed to acquire data‑center and clean‑energy developer Intersect for $4.75 billion to secure power and capacity for its AI data centers — a move that directly supports Google’s ability to scale generative AI compute and reduces energy‑grid bottlenecks. Alphabet to buy data center infrastructure firm Intersect in $4.75 billion deal
- Positive Sentiment: Sell‑side momentum: Wedbush raised its price target on GOOGL to $350 and kept an outperform rating, which can lift investor sentiment and buying interest into year‑end. Wedbush raises PT on Alphabet to $350
- Neutral Sentiment: Waymo resumed robotaxi service in San Francisco after a recent citywide power outage forced a temporary pause; resumption removes an immediate operational overhang but highlights infrastructure risks for AV deployments. Waymo resumes San Francisco service after power outage pause
- Neutral Sentiment: Positive coverage and analyst notes on Alphabet’s AI and quantum work are reinforcing the narrative that the company is a top AI infrastructure owner — supportive for medium‑term revenue and margin expectations but not an immediate catalyst by itself. What Is One of the Best AI Stocks to Buy and Hold?
- Negative Sentiment: Legal risk: a New York Times reporter sued Google and several AI firms alleging unauthorized use of copyrighted books to train chatbots — this case adds to the sectorwide liability and regulatory uncertainty around training data that could lead to legal costs or product restrictions. New York Times reporter sues Google, xAI, OpenAI over chatbot training
Alphabet Price Performance
Shares of GOOGL stock opened at $309.78 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The stock’s 50-day simple moving average is $290.50 and its 200-day simple moving average is $235.73. The firm has a market capitalization of $3.74 trillion, a price-to-earnings ratio of 30.55, a PEG ratio of 1.77 and a beta of 1.07. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $328.83.
Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. The firm had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. As a group, equities analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.
Alphabet Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is currently 8.28%.
Alphabet Profile
Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.
Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.
Further Reading
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