Alphabet Inc. $GOOG Position Reduced by Lakehouse Capital Pty Ltd

Lakehouse Capital Pty Ltd reduced its Alphabet (GOOG) holdings by 13.5% in Q3, retaining 21,466 shares valued at $7.3 million. Other institutions like Providence Wealth Advisors and One Charles Private Wealth increased their positions. Alphabet recently reported strong quarterly earnings with $9.11 EPS and $119.8 billion revenue, beating estimates. Analysts have mixed views, with Truist lowering its price target to $420 while TD Cowen raised it to $475.

Lakehouse Capital Pty Ltd trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 13.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,466 shares of the information services provider's stock after selling 3,348 shares during the period. Alphabet comprises 5.8% of Lakehouse Capital Pty Ltd's investment portfolio, making the stock its 7th largest position. Lakehouse Capital Pty Ltd's holdings in Alphabet were worth $7,314,000 as of its most recent SEC filing.

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Several other large investors also recently made changes to their positions in GOOG. Providence Wealth Advisors LLC lifted its holdings in shares of Alphabet by 0.3% during the 1st quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider's stock valued at $3,094,000 after acquiring an additional 29 shares in the last quarter. One Charles Private Wealth Services LLC increased its holdings in Alphabet by 0.6% in the 1st quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider's stock valued at $1,390,000 after purchasing an additional 29 shares in the last quarter. Wisconsin Wealth Advisors LLC increased its holdings in Alphabet by 1.3% in the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider's stock valued at $785,000 after purchasing an additional 29 shares in the last quarter. Financial Enhancement Group LLC raised its position in Alphabet by 2.3% in the first quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider's stock valued at $380,000 after purchasing an additional 30 shares during the period. Finally, Johnson Wealth Management LLC raised its position in Alphabet by 1.7% in the second quarter. Johnson Wealth Management LLC now owns 1,842 shares of the information services provider's stock valued at $651,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Stock Up 1.0%

Shares of Alphabet stock opened at $343.83 on Tuesday. Alphabet Inc. has a 1-year low of $236.68 and a 1-year high of $404.47. The company has a market capitalization of $4.21 trillion, a PE ratio of 17.27, a P/E/G ratio of 0.99 and a beta of 1.19. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The business has a 50-day moving average of $342.44 and a 200-day moving average of $345.87.

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Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.87 by $6.24. The business had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.31 earnings per share. As a group, equities analysts forecast that Alphabet Inc. will post 20.55 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet's dividend payout ratio is presently 4.42%.

Analyst Upgrades and Downgrades

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Several brokerages have recently weighed in on GOOG. Truist Financial decreased their target price on Alphabet from $430.00 to $420.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Zacks Research downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 5th. TD Cowen reissued a "buy" rating and set a $475.00 price target on shares of Alphabet in a research report on Thursday, July 23rd. Cantor Fitzgerald restated an "overweight" rating and issued a $420.00 price target (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Finally, Barclays reaffirmed an "overweight" rating and issued a $425.00 price objective (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Alphabet presently has an average rating of "Buy" and an average target price of $420.07.

Read Our Latest Analysis on GOOG

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 83 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm's stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 441,399 shares of company stock valued at $8,677,053 in the last three months. Corporate insiders own 12.99% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Alphabet and Constellation Energy announced a long-term agreement to add 890 megawatts of new nuclear capacity to the PJM grid. The deal is intended to provide reliable, carbon-free electricity for Google’s growing data-center and AI operations, strengthening its infrastructure strategy and potentially reducing long-term power-supply risks. Google and Constellation nuclear capacity agreement
Positive Sentiment: Reports indicate Alphabet may spend more than $1 billion on the nuclear arrangement, highlighting management’s willingness to secure energy for AI expansion. The news also reinforces investor interest in nuclear power as a critical component of the data-center buildout. Alphabet nuclear-energy agreement report
Positive Sentiment: Google reportedly unveiled Gemini 4 Argon, a model aimed at complex enterprise tasks including software engineering, cybersecurity, financial research and legal work. A successful enterprise rollout could improve AI monetization and support Google Cloud growth. Google unveils Gemini 4 Argon
Positive Sentiment: Analysts remain constructive ahead of Alphabet’s next earnings report, citing its history of beating estimates, resilient Search growth, expanding cloud demand and AI-driven improvements in advertising conversion rates. Alphabet earnings outlook
Neutral Sentiment: A court-appointed privacy ombudsman recommended approval of Google’s proposed $10 million purchase of Spirit Airlines’ historical data for AI training. The transaction could improve training resources, but its financial effect is expected to be limited. Google Spirit Airlines data purchase
Negative Sentiment: Several law firms announced securities class actions alleging Alphabet misrepresented the progress of its Gemini 3.5 Pro model, including claims that disappointing training results could delay its launch. The legal filings follow an earlier sharp stock decline and create potential litigation costs and reputational risk, although the allegations have not been proven. Alphabet Gemini securities-fraud lawsuit
Negative Sentiment: Investor commentary also highlights insider selling at Alphabet and other AI leaders, which may reinforce concerns about elevated valuations, heavy AI capital spending and whether future returns will justify the infrastructure investment. AI infrastructure spending and insider selling warning

Alphabet Profile

(Free Report)

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet's chief executive officer and also leads Google.

Google is Alphabet's primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

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