Amplius Wealth Advisors LLC Decreases Stock Holdings in Alphabet Inc. $GOOG

Amplius Wealth Advisors LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOG) by 25.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,335 shares of the information services provider’s stock after selling 2,218 shares during the quarter. Amplius Wealth Advisors LLC’s holdings in Alphabet were worth $1,543,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC lifted its stake 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 worth $23,963,208,000 after purchasing an additional 135,064,454 shares during the last quarter. Norges Bank acquired a new stake in Alphabet during the second quarter worth approximately $4,298,572,000. Vanguard Group Inc. lifted 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 worth $73,927,821,000 after buying an additional 5,182,111 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Alphabet by 73.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 9,808,152 shares of the information services provider’s stock valued at $2,388,775,000 after buying an additional 4,154,929 shares in the last quarter. Finally, Laurel Wealth Advisors LLC boosted its holdings in shares of Alphabet by 17,547.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,122,727 shares of the information services provider’s stock valued at $731,331,000 after buying an additional 4,099,366 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of GOOG stock opened at $314.55 on Wednesday. The stock’s 50-day moving average price is $304.13 and its 200 day moving average price is $247.26. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $3.80 trillion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 1.75 and a beta of 1.09. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $328.67.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, October 30th. The information services provider reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. The company had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $2.12 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 8.89 EPS 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 given 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 dividend payout ratio (DPR) is 8.28%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street upgrades and higher price targets lift the growth narrative for Google Cloud and AI; Jefferies recently raised its target to $365 and many firms maintain buy/outperform calls, supporting longer-term upside. Jefferies raises price target
• Positive Sentiment: Product & commercial traction for Gemini and AI is improving distribution: Samsung plans to double devices running Gemini to ~800M units this year — a major scale tailwind for Gemini adoption across mobile. Samsung to double Gemini devices
• Positive Sentiment: AI infrastructure push: initiatives like TorchTPU, increased TPU patenting and moves to reduce Nvidia dependence, plus cloud/infrastructure M&A, strengthen Alphabet’s ability to monetize AI at scale. These strategic moves are supportive of margins and competitive positioning. Seeking Alpha on TorchTPU & infrastructure
• Neutral Sentiment: Small lobbying disclosure: ~$80k reported for Google Public Sector work on DoD cloud services — notable for contract tracking but not material by itself. Quiver lobbying disclosure
• Negative Sentiment: Heavy insider selling is a clear near-term negative: Quiver data shows 161 insider sales in six months (including large Sundar Pichai sales), which can spook investors and fuel profit-taking. Quiver on insider selling & sentiment
• Negative Sentiment: Competitive risks: OpenAI/ChatGPT usage metrics show Gemini narrowing the gap, but competition remains intense — news flow comparing market share can pressure sentiment and prompt volatility. CNBC: ChatGPT vs Gemini

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $288.26, for a total value of $800,786.28. Following the sale, the chief accounting officer owned 11,739 shares of the company’s stock, valued at $3,383,884.14. The trade was a 19.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 17,829 shares of the business’s stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $314.89, for a total transaction of $5,614,173.81. Following the transaction, the insider owned 42,972 shares in the company, valued at approximately $13,531,453.08. This trade represents a 29.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 195,465 shares of company stock valued at $57,056,497. 12.99% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on GOOG shares. Cantor Fitzgerald reiterated a “neutral” rating on shares of Alphabet in a research note on Wednesday, December 3rd. Scotiabank set a $336.00 target price on Alphabet and gave the stock a “sector outperform” rating in a research report on Thursday, October 30th. TD Cowen boosted their target price on Alphabet from $335.00 to $350.00 and gave the company a “buy” rating in a report on Friday, December 12th. Cowen restated a “buy” rating on shares of Alphabet in a research note on Friday, December 12th. Finally, Raymond James Financial set a $275.00 price target on Alphabet and gave the stock an “outperform” rating in a research report on Friday, October 24th. Seven analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $314.64.

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.