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Barrett & Company Inc. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 80.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,286 shares of the information services provider's stock after acquiring an additional 10,841 shares during the quarter. Alphabet comprises about 2.2% of Barrett & Company Inc.'s investment portfolio, making the stock its 11th biggest holding. Barrett & Company Inc.'s holdings in Alphabet were worth $8,319,000 as of its most recent filing with the Securities & Exchange Commission.

• MarketBeat Week in Review – 10/26 - 10/30

Other large investors have also recently made changes to their positions in the company. EMC Capital Management bought a new position in shares of Alphabet in the 2nd quarter worth approximately $35,000. Core Capital Management & Research inc. bought a new position in Alphabet in the 2nd quarter worth approximately $41,000. Intelligent Financial Strategies bought a new position in Alphabet in the 3rd quarter worth approximately $41,000. Premier Financial Group purchased a new stake in Alphabet during the 2nd quarter valued at approximately $45,000. Finally, Graney & King LLC raised its position in shares of Alphabet by 38.5% during the second quarter. Graney & King LLC now owns 180 shares of the information services provider's stock valued at $64,000 after buying an additional 50 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results support Alphabet’s position as a major beneficiary of enterprise AI demand. Alphabet's Cloud Business Just Doubled
• Positive Sentiment: Several analysts remain constructive after the selloff. Guggenheim and Needham reaffirmed “buy” ratings with $450 targets, while Citigroup and Wells Fargo retained bullish ratings and projected substantial upside despite lowering their targets.
• Positive Sentiment: Alphabet’s AI ecosystem could gain from rising demand for cloud capacity and specialized chips. Waymo is also expanding internationally through a partnership with Toyota, although the business remains small relative to Alphabet’s core operations. Waymo taps Toyota to supply robotaxis
• Neutral Sentiment: Multiple securities law firms publicized class-action lawsuits and lead-plaintiff deadlines tied to alleged disclosures about Alphabet’s Gemini AI development. These notices add headline risk, but their direct financial impact remains uncertain.
• Negative Sentiment: Alphabet reported adjusted earnings of $2.12 per share, below consensus near $2.94-$3.02, while revenue of $127.6 billion also missed expectations. Search and other revenue grew about 12% to roughly $63 billion, but fell short of forecasts, reinforcing fears that AI-generated answers and “AI mode” searches may monetize less effectively than traditional Search.
• Negative Sentiment: AI infrastructure spending caused free cash flow to remain negative by roughly $9.1 billion for a second consecutive quarter. Investors are questioning whether the enormous capital outlays will produce adequate returns and whether Alphabet may need additional debt or equity financing.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment reduced quarterly earnings by approximately $0.55 per share, while an EU antitrust fine further pressured results. Analysts including RBC, Wells Fargo, Citigroup, Wedbush, KeyCorp and Cantor Fitzgerald lowered price targets, even though most maintained positive ratings.

Analyst Ratings Changes

• Microsoft Earnings Expose a Growing Divide in the Magnificent 7 AI Trade

Several equities analysts have recently commented on the stock. Royal Bank Of Canada lowered their target price on shares of Alphabet from $425.00 to $400.00 and set an "outperform" rating on the stock in a report on Thursday. Citizens Jmp downgraded shares of Alphabet from a "market outperform" rating to a "hold" rating in a report on Thursday. DZ Bank upgraded shares of Alphabet to a "strong-buy" rating in a research note on Thursday, July 23rd. Truist Financial dropped their price objective on shares of Alphabet from $420.00 to $410.00 and set a "buy" rating for the company in a report on Thursday. Finally, Barclays restated an "overweight" rating and set a $405.00 price objective (down from $425.00) on shares of Alphabet in a research report on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $410.46.

Get Our Latest Stock Report on Alphabet

Alphabet Trading Down 1.4%

• Alphabet’s Cloud Is Paying Off—But the Bill for Building It Keeps Growing

GOOGL stock opened at $279.84 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.64. The firm's 50-day moving average is $339.07 and its 200 day moving average is $340.17. The company has a market capitalization of $3.42 trillion, a PE ratio of 14.61, a P/E/G ratio of 0.83 and a beta of 1.21. Alphabet Inc. has a 12 month low of $270.70 and a 12 month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts' consensus estimates of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The company had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.96 billion. On average, research analysts anticipate that Alphabet Inc. will post 20.40 EPS for the current year.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 83 shares of the company's 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 transaction, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 247 shares of company stock worth $79,238 over the last ninety days. 11.61% of the stock is owned by company insiders.

About Alphabet

(Free Report)

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.

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