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Gibbs Wealth Management boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 25.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,841 shares of the information services provider's stock after purchasing an additional 8,232 shares during the quarter. Alphabet comprises approximately 1.4% of Gibbs Wealth Management's investment portfolio, making the stock its 17th biggest position. Gibbs Wealth Management's holdings in Alphabet were worth $14,053,000 as of its most recent SEC filing.

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOGL. State Street Corp boosted its holdings in shares of Alphabet by 5.6% during the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock worth $85,403,303,000 after buying an additional 12,718,127 shares during the period. Amundi raised its holdings in Alphabet by 4.6% in the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider's stock valued at $11,865,809,000 after acquiring an additional 1,457,371 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Alphabet by 10.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider's stock valued at $6,334,186,000 after acquiring an additional 1,631,721 shares during the period. Swiss National Bank raised its holdings in Alphabet by 7.1% in the 1st quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider's stock valued at $4,911,467,000 after acquiring an additional 1,139,400 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in Alphabet by 90.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider's stock worth $4,900,078,000 after acquiring an additional 8,112,680 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Trending Headlines about Alphabet

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.

Insider Activity at Alphabet

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

In other news, Director Frances Arnold sold 83 shares of Alphabet 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 247 shares of company stock worth $79,238 over the last quarter. 11.61% of the stock is currently owned by company insiders.

Alphabet Price Performance

Shares of Alphabet stock opened at $279.84 on Friday. Alphabet Inc. has a twelve month low of $270.70 and a twelve month high of $408.61. The company has a quick ratio of 2.64, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $339.07 and a two-hundred day simple moving average of $340.17. The stock has a market capitalization of $3.42 trillion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 0.82 and a beta of 1.21.

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

Alphabet (NASDAQ:GOOGL - 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 $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.96 billion. Analysts forecast that Alphabet Inc. will post 20.05 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GOOGL. Pivotal Research restated a "buy" rating and set a $475.00 price objective (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. DA Davidson lowered their target price on Alphabet from $350.00 to $300.00 and set a "neutral" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. increased their target price on Alphabet from $420.00 to $425.00 and gave the stock an "overweight" rating in a research note on Thursday, October 15th. Moffett Nathanson set a $345.00 price target on Alphabet in a report on Thursday. Finally, Citizens Jmp downgraded Alphabet from a "market outperform" rating to a "hold" rating in a research note on Thursday. Five research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $410.46.

Read Our Latest Research Report on Alphabet

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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