Retirement Planning Group LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 45.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 19,366 shares of the information services provider’s stock after acquiring an additional 6,035 shares during the period. Retirement Planning Group LLC’s holdings in Alphabet were worth $4,708,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Exencial Wealth Advisors LLC raised its holdings in shares of Alphabet by 0.9% during the third quarter. Exencial Wealth Advisors LLC now owns 86,254 shares of the information services provider’s stock worth $20,968,000 after acquiring an additional 735 shares in the last quarter. David J Yvars Group grew its stake in Alphabet by 5.2% in the third quarter. David J Yvars Group now owns 5,051 shares of the information services provider’s stock valued at $1,228,000 after purchasing an additional 249 shares in the last quarter. Argentarii LLC increased its position in Alphabet by 0.4% in the 3rd quarter. Argentarii LLC now owns 41,318 shares of the information services provider’s stock worth $10,044,000 after purchasing an additional 176 shares during the last quarter. Sage Private Wealth Group LLC raised its stake in shares of Alphabet by 7.7% during the 3rd quarter. Sage Private Wealth Group LLC now owns 4,552 shares of the information services provider’s stock worth $1,107,000 after purchasing an additional 326 shares in the last quarter. Finally, Moseley Investment Management Inc. raised its stake in shares of Alphabet by 1.7% during the 3rd quarter. Moseley Investment Management Inc. now owns 44,708 shares of the information services provider’s stock worth $10,869,000 after purchasing an additional 765 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.
Alphabet Stock Performance
NASDAQ:GOOGL opened at $328.04 on Monday. The firm has a market capitalization of $3.96 trillion, a PE ratio of 32.35, a PEG ratio of 1.81 and a beta of 1.08. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $340.49. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The firm’s fifty day simple moving average is $315.65 and its 200 day simple moving average is $260.69.
Insider Buying and Selling
In related news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $283.48, for a total transaction of $9,213,100.00. Following the completion of the sale, the chief executive officer owned 2,337,119 shares in the company, valued at $662,526,494.12. This represents a 1.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Kent Walker sold 17,829 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $314.89, for a total value of $5,614,173.81. Following the completion of the sale, the insider directly owned 42,972 shares in the company, valued at $13,531,453.08. This trade represents a 29.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 222,409 shares of company stock valued at $68,564,532. Insiders own 11.55% of the company’s stock.
Alphabet News Roundup
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Apple ties Gemini to Siri, widening Gemini distribution and strengthening Alphabet’s AI moat — a material revenue/strategic positive for GOOGL that supports premium multiples and growth expectations. How Apple’s Gemini-Powered Siri Deal Will Impact Alphabet (GOOGL) Investors
- Positive Sentiment: Multiple bullish analyst moves — Wolfe Research lifted its price target to $390, Raymond James upgraded to “strong buy” and raised targets (reports of a $400 target), and Deutsche Bank raised its target — fueling buy-side momentum and supporting upside expectations. Wolfe Research Adjusts Price Target
- Positive Sentiment: Google pushes into AI shopping and other AI-enabled monetization avenues — analysts and outlets highlight accelerating product-led revenue opportunities that underpin long-term growth. Google’s Making a Splash in AI Shopping
- Neutral Sentiment: Technical/market commentary: recent ~3–4% pullback called a routine consolidation within a long-term uptrend — suggests no fundamental change but signals caution for investors seeking cheaper entry points. Alphabet Cools After the Run: Buy Now or Wait for a Better Entry?
- Neutral Sentiment: Waymo launched robotaxi service in Miami (business expansion) — growth opportunity for autonomous revenue but not yet material to near-term GAAP results. Waymo launches robotaxi service in Miami
- Negative Sentiment: NTSB opens an investigation after Waymo robotaxis were recorded illegally passing stopped school buses multiple times — raises regulatory, safety and reputational risks for Alphabet’s autonomous-driving unit and could lead to operational constraints or fines. US safety board opens probe into Waymo robotaxis passing stopped school buses
- Negative Sentiment: Federal judge allowed a consumer antitrust lawsuit over Google’s default-search payments to proceed — continued legal exposure that could affect search economics and ad revenue over time. Judge Orders Google to Face Consumer Antitrust Lawsuit Over Search
Analyst Ratings Changes
Several equities research analysts recently commented on GOOGL shares. Truist Financial set a $350.00 price target on Alphabet and gave the company a “buy” rating in a research note on Friday, December 5th. Piper Sandler reiterated an “overweight” rating and issued a $365.00 target price (up from $330.00) on shares of Alphabet in a research note on Thursday, December 11th. Stifel Nicolaus set a $346.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday. CIBC raised their price target on shares of Alphabet to $315.00 in a report on Monday, October 20th. Finally, Daiwa Capital Markets lifted their price objective on shares of Alphabet from $233.00 to $333.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Four analysts have rated the stock with a Strong Buy rating, forty-two have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $331.40.
Get Our Latest Research Report on Alphabet
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.
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