Alphabet Inc. $GOOGL Shares Bought by Accurate Wealth Management LLC

Accurate Wealth Management LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 8.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,608 shares of the information services provider’s stock after buying an additional 2,542 shares during the quarter. Alphabet accounts for approximately 1.0% of Accurate Wealth Management LLC’s holdings, making the stock its 17th biggest holding. Accurate Wealth Management LLC’s holdings in Alphabet were worth $7,757,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Trail Ridge Investment Advisors LLC increased its stake in shares of Alphabet by 2.6% during the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 4,723 shares of the information services provider’s stock worth $1,148,000 after purchasing an additional 119 shares in the last quarter. Avaii Wealth Management LLC acquired a new stake in Alphabet during the 3rd quarter valued at $275,000. Miracle Mile Advisors LLC increased its position in Alphabet by 19.7% during the third quarter. Miracle Mile Advisors LLC now owns 135,371 shares of the information services provider’s stock worth $32,909,000 after buying an additional 22,269 shares in the last quarter. Chemistry Wealth Management LLC increased its position in Alphabet by 0.4% during the third quarter. Chemistry Wealth Management LLC now owns 29,010 shares of the information services provider’s stock worth $7,052,000 after buying an additional 111 shares in the last quarter. Finally, Nicholas Wealth LLC. raised its holdings in shares of Alphabet by 8.4% in the third quarter. Nicholas Wealth LLC. now owns 10,052 shares of the information services provider’s stock worth $2,444,000 after acquiring an additional 777 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Performance

Shares of GOOGL stock opened at $325.44 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market capitalization of $3.93 trillion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 1.78 and a beta of 1.08. Alphabet Inc. has a one year low of $140.53 and a one year high of $330.32. The company has a 50 day moving average price of $305.24 and a 200 day moving average price of $247.60.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. The company had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. Sell-side analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. HSBC increased their price objective on Alphabet from $335.00 to $370.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $365.00 price target (up from $330.00) on shares of Alphabet in a research note on Thursday, December 11th. Truist Financial set a $350.00 price target on shares of Alphabet and gave the stock a “buy” rating in a report on Friday, December 5th. Stifel Nicolaus set a $333.00 price objective on shares of Alphabet in a research note on Thursday, October 30th. Finally, Melius Research raised their target price on shares of Alphabet from $220.00 to $255.00 in a research report on Thursday, September 25th. Four investment analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $322.42.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet has overtaken Apple to become the world’s second-most valuable public company, a market-cap milestone that signals investor confidence in Google’s AI-led growth story and may attract ETF flows and index-related buying. Google Claims Apple’s Spot on Most-Valuable-Companies List
• Positive Sentiment: Broker and media coverage has turned more bullish (upgrades and optimistic price-target notes), reinforcing momentum and giving investors confidence in further upside tied to Gemini/AI and search monetization. Alphabet Stock Gets an Upgrade. How Google Will Beat ChatGPT.
• Positive Sentiment: EU discussions reportedly spare Big Tech from the strictest aspects of a digital-rule overhaul, easing regulatory risk for Google’s ad and cloud businesses in Europe. Big Tech spared strict rules in EU digital rule overhaul
• Neutral Sentiment: EU antitrust regulators will rule on Alphabet’s $32B Wiz acquisition by Feb. 10 — a clear catalyst but with an uncertain outcome; approval would remove an overhang, while objections could delay or alter the deal. EU antitrust regulators to decide on Google’s Wiz deal by Feb 10
• Neutral Sentiment: Google and Character.AI reached settlements in lawsuits alleging chatbots harmed minors — this cuts litigation uncertainty but keeps reputation and product-safety issues on investors’ radars. Google and Character.AI to Settle Lawsuit Over Teenager’s Death
• Neutral Sentiment: CEO Sundar Pichai sold 32,500 shares (~$10.4M), a disclosed insider sale that slightly reduces his stake but appears routine and not an obvious signal of impaired fundamentals. SEC filing: Insider sale
• Negative Sentiment: Competitor dynamics: Nvidia hired a former Google marketing executive as CMO, underscoring intense competition for AI talent and marketing muscle in the AI infrastructure space — a subtle competitive headwind to watch. Nvidia Hires Google Veteran as Its First Chief Marketing Officer

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $313.45, for a total value of $31,971.90. Following the transaction, the director directly owned 18,205 shares of the company’s stock, valued at $5,706,357.25. The trade was a 0.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 value of $5,614,173.81. Following the sale, the insider owned 42,972 shares of the company’s stock, valued at $13,531,453.08. The trade was a 29.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 225,187 shares of company stock valued at $66,695,036 over the last three months. Insiders own 11.64% of the company’s stock.

Alphabet Profile

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.