Steinberganna Wealth Management Invests $2.31 Million in Alphabet Inc. $GOOGL

Steinberganna Wealth Management bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,516 shares of the information services provider’s stock, valued at approximately $2,313,000. Alphabet makes up approximately 1.1% of Steinberganna Wealth Management’s investment portfolio, making the stock its 20th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Alphabet by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 516,559,609 shares of the information services provider’s stock worth $91,033,300,000 after buying an additional 6,733,278 shares during the period. State Street Corp boosted its stake in Alphabet by 1.8% during the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock worth $40,524,841,000 after acquiring an additional 4,008,374 shares in the last quarter. Geode Capital Management LLC grew its holdings in Alphabet by 3.1% in the second quarter. Geode Capital Management LLC now owns 141,615,284 shares of the information services provider’s stock worth $24,857,017,000 after purchasing an additional 4,224,497 shares during the period. Norges Bank bought a new stake in Alphabet in the second quarter valued at $21,944,208,000. Finally, Invesco Ltd. increased its stake in Alphabet by 1.2% in the second quarter. Invesco Ltd. now owns 44,151,820 shares of the information services provider’s stock valued at $7,780,875,000 after purchasing an additional 503,306 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GOOGL has been the topic of a number of research analyst reports. Wells Fargo & Company reissued a “positive” rating and set a $350.00 price objective (up previously from $268.00) on shares of Alphabet in a research report on Monday, January 12th. President Capital increased their price target on Alphabet from $258.00 to $323.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Wedbush reissued an “outperform” rating and issued a $350.00 price objective (up previously from $320.00) on shares of Alphabet in a research note on Friday, December 19th. Hsbc Global Res upgraded Alphabet to a “strong-buy” rating in a report on Tuesday, October 7th. Finally, Daiwa Capital Markets lifted their price target on shares of Alphabet from $233.00 to $333.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Three investment analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $326.31.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet 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 transaction, the chief accounting officer owned 8,962 shares of the company’s stock, valued at $2,798,832.60. This trade represents a 23.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $321.21, for a total value of $10,439,325.00. Following the completion of the transaction, the chief executive officer directly owned 2,244,372 shares of the company’s stock, valued at approximately $720,914,730.12. This represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 189,909 shares of company stock worth $57,927,282. Company insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $330.00 on Tuesday. 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 stock has a market cap of $3.98 trillion, a PE ratio of 32.54, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08. The stock’s fifty day simple moving average is $312.13 and its two-hundred day simple moving average is $256.45. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $340.49.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $99.90 billion. As a group, analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Market cap milestone and AI positioning — reports note Alphabet entered the roughly $4 trillion club as investor enthusiasm around its AI investments and platform advantages has accelerated interest in the stock. Alphabet Enters the $4 Trillion Club as AI Bets Reshape Big Tech
• Positive Sentiment: Google Cloud as a high‑growth profit driver — analysis highlights that AI demand could more than double Google Cloud’s net income and drive toward a ~$20B income run rate, supporting margin expansion and valuation. Will Alphabet’s Cloud Division Fuel $20 Billion in Income?
• Positive Sentiment: Analyst/partnership upgrades — coverage notes Bank of America revamped its view after Google announced two partnerships, a near‑term catalyst that can support upside via stronger revenue/strategic positioning. Bank of America revamps Alphabet stock after Google enters two key partnerships
• Positive Sentiment: Ad market competitiveness — industry comparisons argue Alphabet still holds the edge over newer players (e.g., Reddit) thanks to AI-driven ad tools and scale, supporting ad revenue resilience. RDDT vs. GOOGL: Which Digital Advertising Stock Has an Edge Now?
• Neutral Sentiment: Investor buy lists emphasize long‑term AI exposure — several investor publications included Alphabet on “stocks to buy” lists for 2026 based on AI and cloud exposure; positive sentiment but broad and not an immediate catalyst. 2 Stocks to Buy in 2026 and Hold Forever
• Neutral Sentiment: Quantum and long‑term tech bets — multiple pieces revisit Alphabet’s leadership in quantum and AI research; important for long‑term optionality but unlikely to move near‑term earnings. 3 Top Quantum Computing Stocks to Buy in 2026
• Negative Sentiment: Competition risk in ads — analysis warns OpenAI’s push into the ad market could pose a structural threat to Google’s core ad business, a clear downside risk to growth and multiple. Warning Bells For Alphabet As OpenAI Enters Ad Market
• Negative Sentiment: Sector rotation / dispersion risk — coverage notes the “Magnificent Seven” are diverging and some AI darlings are now trailing the market, which can exacerbate volatility and pressure multiples if sentiment cools. The Magnificent Seven Drove Markets. Now They’re Pulling in Different Directions.

Alphabet Company 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.