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Pinnacle Wealth Planning Services Inc. raised its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 41.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,924 shares of the information services provider's stock after acquiring an additional 7,251 shares during the period. Alphabet comprises about 0.8% of Pinnacle Wealth Planning Services Inc.'s investment portfolio, making the stock its 18th largest holding. Pinnacle Wealth Planning Services Inc.'s holdings in Alphabet were worth $8,493,000 at the end of the most recent quarter.

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

Other large investors also recently modified their holdings of the company. Readystate Asset Management LP acquired a new position in shares of Alphabet in the 2nd quarter valued at approximately $45,352,000. Arrowstreet Capital Limited Partnership increased its stake in Alphabet by 76.1% during 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 in the last quarter. State Street Corp raised its holdings in Alphabet by 2.8% during the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider's stock worth $67,458,980,000 after buying an additional 5,208,690 shares during the period. BlackRock Inc. raised its holdings in Alphabet by 1.4% during the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock worth $130,704,718,000 after buying an additional 5,164,200 shares during the period. Finally, Amundi raised its holdings in Alphabet by 22.9% during the 1st quarter. Amundi now owns 21,922,379 shares of the information services provider's stock worth $6,288,654,000 after buying an additional 4,083,758 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction 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 sale, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 247 shares of company stock valued at $79,238 over the last ninety days. 12.99% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

GOOG has been the subject of several research analyst reports. Wells Fargo & Company reiterated an "overweight" rating and issued a $371.00 price target on shares of Alphabet in a report on Friday. DA Davidson dropped their price objective on shares of Alphabet from $375.00 to $350.00 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. Benchmark restated a "buy" rating on shares of Alphabet in a report on Thursday. Piper Sandler reaffirmed an "overweight" rating and issued a $345.00 price objective on shares of Alphabet in a research report on Thursday. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $350.00 target price on shares of Alphabet in a research note on Thursday. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $413.54.

View Our Latest Stock Report on Alphabet

Key Headlines Impacting Alphabet

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

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered exceptional growth. Revenue more than doubled year over year to approximately $30.7 billion, while operating margins expanded and the backlog reached roughly $561 billion. This supports the view that Alphabet’s AI investments are generating demand. Alphabet Cloud Business Article
• Positive Sentiment: Alphabet’s AI platform may create new revenue streams. OpenAI reportedly plans to use Google’s tensor-processing units, while Gemini performance and expanding AI Search advertising could help Alphabet compete in the AI infrastructure market. Analysts including Goldman Sachs and JPMorgan remain constructive, despite lowering price targets. OpenAI Google AI Chips Article
• Positive Sentiment: Valuation has become more attractive. Reports place GOOG’s price-to-earnings ratio near 14.6, the lowest level in many years, prompting some investors to characterize the selloff as a potential long-term buying opportunity. Google Valuation Article
• Neutral Sentiment: Waymo is expanding internationally. Alphabet’s autonomous-driving unit will test Toyota bZ4X robotaxis in Japan and the U.K., but the business remains small and cash-burning. Waymo Toyota Partnership Article
• Negative Sentiment: Quarterly results missed expectations. Alphabet reported approximately $2.12 in earnings per share and $127.6 billion in revenue, below consensus forecasts. Search revenue grew but missed estimates, and AI-powered searches are reportedly harder to monetize than traditional searches. Alphabet Search Earnings Article
• Negative Sentiment: AI spending is straining cash flow. Capital expenditures and infrastructure commitments pushed free cash flow approximately $9 billion negative for the quarter, raising concerns about returns on Alphabet’s enormous AI investment program and potential financing or dilution. Tech Giants AI Spending Article
• Negative Sentiment: Additional earnings pressure came from investments and legal risk. An unrealized loss on Alphabet’s SpaceX stake reduced earnings, while multiple law firms publicized securities class-action deadlines tied to alleged AI disclosures. These lawsuits are largely investor notices, but they add reputational and headline risk. Alphabet Class Action Notice

Alphabet Trading Down 1.5%

NASDAQ GOOG opened at $278.22 on Friday. The stock has a market capitalization of $3.40 trillion, a price-to-earnings ratio of 14.52, a PEG ratio of 0.81 and a beta of 1.19. The stock's 50 day moving average price is $335.73 and its two-hundred day moving average price is $338.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.64 and a current ratio of 2.79. Alphabet Inc. has a 52 week low of $271.41 and a 52 week high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.01 by ($0.89). The business had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. Alphabet's revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter last year, the business earned $2.87 earnings per share. As a group, analysts anticipate that Alphabet Inc. will post 19.99 earnings per share for the current fiscal year.

Alphabet Profile

(Free Report)

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.

See Also

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• Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
• Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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