Flputnam Investment Management Co. Acquires 104,517 Shares of Alphabet Inc. $GOOG

Flputnam Investment Management Co. boosted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 67.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 260,083 shares of the information services provider’s stock after acquiring an additional 104,517 shares during the quarter. Alphabet accounts for approximately 0.9% of Flputnam Investment Management Co.’s investment portfolio, making the stock its 19th biggest holding. Flputnam Investment Management Co.’s holdings in Alphabet were worth $63,343,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. IFS Advisors LLC lifted its holdings in shares of Alphabet by 400.0% in the second quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 120 shares in the last quarter. Robbins Farley lifted its stake in Alphabet by 60.0% during the 2nd quarter. Robbins Farley now owns 160 shares of the information services provider’s stock valued at $28,000 after acquiring an additional 60 shares in the last quarter. WestEnd Advisors LLC boosted its holdings in Alphabet by 58.7% during the 2nd quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock worth $29,000 after acquiring an additional 61 shares during the last quarter. Fairman Group LLC grew its stake in shares of Alphabet by 121.3% in the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock worth $31,000 after acquiring an additional 97 shares in the last quarter. Finally, University of Illinois Foundation bought a new stake in shares of Alphabet in the 2nd quarter worth $31,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Key Stores Impacting 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

Alphabet Trading Up 0.9%

NASDAQ:GOOG opened at $311.33 on Tuesday. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $328.67. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $291.16 and its 200 day moving average is $236.49. The stock has a market capitalization of $3.76 trillion, a PE ratio of 30.70, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. The business had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the business posted $2.12 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 8th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, December 8th. Alphabet’s payout ratio is currently 8.28%.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 8,962 shares in the company, valued at approximately $2,798,832.60. This represents a 23.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $317.66, for a total transaction of $32,401.32. Following the completion of the transaction, the director owned 18,104 shares of the company’s stock, valued at $5,750,916.64. This represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 228,906 shares of company stock valued at $63,984,117 in the last three months. 12.99% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on GOOG shares. DA Davidson set a $300.00 price target on shares of Alphabet in a research report on Tuesday, November 25th. Phillip Securities raised shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, November 7th. Piper Sandler upped their target price on Alphabet from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Citigroup reaffirmed a “market outperform” rating on shares of Alphabet in a research report on Wednesday, December 17th. Finally, Barclays boosted their price objective on Alphabet from $250.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Seven research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $313.04.

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.