Astoria Portfolio Advisors LLC. lowered its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 13.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,307 shares of the information services provider’s stock after selling 2,527 shares during the quarter. Alphabet comprises about 1.0% of Astoria Portfolio Advisors LLC.’s portfolio, making the stock its 16th biggest holding. Astoria Portfolio Advisors LLC.’s holdings in Alphabet were worth $3,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Alphabet by 3.9% in the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after acquiring an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Alphabet by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock valued at $2,826,000 after purchasing an additional 506 shares during the last quarter. United Bank raised its holdings in shares of Alphabet by 2.1% in the 1st quarter. United Bank now owns 45,084 shares of the information services provider’s stock valued at $6,972,000 after purchasing an additional 910 shares in the last quarter. Integrated Investment Consultants LLC lifted its position in shares of Alphabet by 16.4% during the 1st quarter. Integrated Investment Consultants LLC now owns 27,114 shares of the information services provider’s stock worth $4,193,000 after purchasing an additional 3,822 shares during the last quarter. Finally, Waddell & Associates LLC grew its stake in shares of Alphabet by 14.8% during the first quarter. Waddell & Associates LLC now owns 7,437 shares of the information services provider’s stock worth $1,150,000 after purchasing an additional 959 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on GOOGL shares. Piper Sandler reissued an “overweight” rating and set a $365.00 target price (up previously from $330.00) on shares of Alphabet in a research report on Thursday, December 11th. DA Davidson restated a “neutral” rating and set a $300.00 price target on shares of Alphabet in a research note on Tuesday, November 25th. Wells Fargo & Company boosted their price objective on Alphabet from $236.00 to $268.00 and gave the company an “equal weight” rating in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft raised their price target on Alphabet from $260.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $315.00 price objective on shares of Alphabet in a research report on Tuesday, December 2nd. Four analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $315.90.
Insider Buying and Selling at Alphabet
In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction dated 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 transaction, the chief accounting officer owned 8,962 shares in the company, valued at approximately $2,798,832.60. The trade was a 23.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 600 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $308.19, for a total transaction of $184,914.00. Following the completion of the sale, the director owned 3,916 shares in the company, valued at $1,206,872.04. This represents a 13.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 226,128 shares of company stock valued at $63,183,331 in the last quarter. Insiders own 11.55% of the company’s stock.
Alphabet Stock Up 0.9%
Shares of NASDAQ GOOGL opened at $309.78 on Tuesday. The stock has a market capitalization of $3.74 trillion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 1.77 and a beta of 1.07. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $328.83. The firm has a 50-day moving average price of $290.50 and a 200 day moving average price of $235.73. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.
Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The company had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. Equities research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.
Alphabet Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 8th were given a $0.21 dividend. The ex-dividend date was Monday, December 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s payout ratio is currently 8.28%.
More Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet agreed to acquire data‑center and clean‑energy developer Intersect for $4.75 billion to secure power and capacity for its AI data centers — a move that directly supports Google’s ability to scale generative AI compute and reduces energy‑grid bottlenecks. Alphabet to buy data center infrastructure firm Intersect in $4.75 billion deal
- Positive Sentiment: Sell‑side momentum: Wedbush raised its price target on GOOGL to $350 and kept an outperform rating, which can lift investor sentiment and buying interest into year‑end. Wedbush raises PT on Alphabet to $350
- Neutral Sentiment: Waymo resumed robotaxi service in San Francisco after a recent citywide power outage forced a temporary pause; resumption removes an immediate operational overhang but highlights infrastructure risks for AV deployments. Waymo resumes San Francisco service after power outage pause
- Neutral Sentiment: Positive coverage and analyst notes on Alphabet’s AI and quantum work are reinforcing the narrative that the company is a top AI infrastructure owner — supportive for medium‑term revenue and margin expectations but not an immediate catalyst by itself. What Is One of the Best AI Stocks to Buy and Hold?
- Negative Sentiment: Legal risk: a New York Times reporter sued Google and several AI firms alleging unauthorized use of copyrighted books to train chatbots — this case adds to the sectorwide liability and regulatory uncertainty around training data that could lead to legal costs or product restrictions. New York Times reporter sues Google, xAI, OpenAI over chatbot training
About Alphabet
Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.
Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.
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