Corsicana & Co. purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,505 shares of the information services provider’s stock, valued at approximately $854,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC boosted its position in Alphabet by 580,897.4% during the second quarter. Kingstone Capital Partners Texas LLC now owns 135,087,705 shares of the information services provider’s stock valued at $23,963,208,000 after acquiring an additional 135,064,454 shares during the last quarter. Norges Bank acquired a new position in shares of Alphabet in the 2nd quarter valued at about $4,298,572,000. Vanguard Group Inc. boosted its position in shares of Alphabet by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 416,753,033 shares of the information services provider’s stock valued at $73,927,821,000 after purchasing an additional 5,182,111 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Alphabet by 73.5% during the third quarter. Assenagon Asset Management S.A. now owns 9,808,152 shares of the information services provider’s stock worth $2,388,775,000 after purchasing an additional 4,154,929 shares during the period. Finally, Laurel Wealth Advisors LLC increased its holdings in Alphabet by 17,547.9% in the second quarter. Laurel Wealth Advisors LLC now owns 4,122,727 shares of the information services provider’s stock worth $731,331,000 after purchasing an additional 4,099,366 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.
Insider Buying and Selling
In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $312.30, for a total transaction of $867,569.40. Following the completion of the sale, the chief accounting officer owned 8,962 shares of the company’s stock, valued at $2,798,832.60. This represents a 23.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frances Arnold sold 102 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $317.66, for a total value of $32,401.32. Following the completion of the sale, the director owned 18,104 shares of the company’s stock, valued at approximately $5,750,916.64. This trade represents a 0.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 228,906 shares of company stock valued at $63,984,117. 12.99% of the stock is owned by insiders.
Alphabet Stock Up 0.9%
Alphabet (NASDAQ:GOOG – Get Free Report) last posted its earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. The business had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.12 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.
Alphabet Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, December 8th. Alphabet’s payout ratio is 8.28%.
Trending Headlines about Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet agreed to buy Intersect, a data‑center and clean‑energy developer, for $4.75 billion to lock in power and accelerate AI data‑center builds — a strategic move to remove an energy bottleneck for cloud/AI growth. Alphabet to buy Intersect
- Positive Sentiment: Wedbush raised its price target on Alphabet to $350 (from $320) and kept an Outperform rating — a clear signal that some sell‑side analysts are valuing Alphabet higher amid its AI/infra push. Wedbush Raises PT
- Positive Sentiment: Market commentary highlights Gemini 3’s impact on the AI landscape in 2025 (product momentum that supports Cloud and search monetization expectations). Strong product momentum helps justify higher growth assumptions. Gemini 3 market reaction
- Positive Sentiment: Analyst bullishness on Google Cloud and enterprise AI adoption (BMO and others recently raised outlooks), reinforcing expectations for higher recurring revenue from cloud/AI services. BMO Boosts Outlook
- Neutral Sentiment: Waymo briefly paused and then resumed San Francisco service after a citywide power outage — a short‑term operational disruption that is unlikely to change long‑term expectations for Waymo’s valuation but draws attention to grid resilience issues relevant to autonomous fleets. Waymo resumes service
- Negative Sentiment: The New York Times reporter filed a lawsuit alleging major AI developers (including Google) used copyrighted books without permission to train chatbots — a legal risk that could create future liabilities, injunctions, or force changes to training practices. NYT reporter sues Google and others
Analyst Ratings Changes
Several analysts have recently commented on GOOG shares. Robert W. Baird raised their price objective on shares of Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. Cowen restated a “buy” rating on shares of Alphabet in a report on Friday, December 12th. Guggenheim reaffirmed a “buy” rating and issued a $375.00 price target on shares of Alphabet in a research note on Monday, December 1st. KeyCorp reiterated an “overweight” rating and set a $330.00 price objective on shares of Alphabet in a report on Thursday, October 30th. Finally, Piper Sandler raised their target price on Alphabet from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Alphabet presently has an average rating of “Buy” and an average target price of $313.04.
Get Our Latest Stock Report on GOOG
About Alphabet
Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.
Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.
Further Reading
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