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BG Investment Services LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1,088.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,833 shares of the information services provider's stock after purchasing an additional 16,332 shares during the quarter. BG Investment Services LLC's holdings in Alphabet were worth $6,136,000 as of its most recent SEC filing.

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

A number of other hedge funds also recently modified their holdings of GOOGL. State Street Corp boosted its position 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 acquiring an additional 12,718,127 shares in the last quarter. Amundi increased its stake in Alphabet by 4.6% in the second 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 last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Alphabet by 10.1% during the second 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 purchasing an additional 1,631,721 shares in the last quarter. Swiss National Bank raised its position in Alphabet by 7.1% during the first quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider's stock valued at $4,911,467,000 after purchasing an additional 1,139,400 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised 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 valued at $4,900,078,000 after purchasing an additional 8,112,680 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

More 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.

Insider Transactions at Alphabet

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

In related news, Director Frances Arnold sold 83 shares of the firm's stock in a transaction 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 of the company's stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 247 shares of company stock worth $79,238. 11.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a research note on Thursday, October 15th. JPMorgan Chase & Co. lifted their price target on Alphabet from $420.00 to $425.00 and gave the company an "overweight" rating in a research note on Thursday, October 15th. Citigroup lowered their price target on Alphabet from $447.00 to $375.00 and set a "buy" rating for the company in a report on Friday. Sanford C. Bernstein restated a "market perform" rating and set a $325.00 price objective (down from $385.00) on shares of Alphabet in a research report on Thursday. Finally, Wedbush dropped their price objective on Alphabet from $445.00 to $387.00 and set an "outperform" rating for the company in a research report on Thursday. Five analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Alphabet currently has a consensus rating of "Buy" and a consensus target price of $410.46.

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

Get Our Latest Stock Report on GOOGL

Alphabet Stock Down 1.4%

Shares of NASDAQ:GOOGL opened at $279.84 on Friday. The company has a fifty day moving average of $339.07 and a 200-day moving average of $340.17. The company has a market capitalization of $3.42 trillion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 0.82 and a beta of 1.21. 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 $270.70 and a 52-week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 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 firm had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.96 billion. On average, equities analysts predict that Alphabet Inc. will post 20.05 EPS for the current fiscal year.

Alphabet Profile

(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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