Alphabet Inc. $GOOG Shares Bought by Allstate Corp

Allstate Corp grew its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1,751.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,534 shares of the information services provider’s stock after purchasing an additional 168,893 shares during the quarter. Alphabet comprises approximately 1.0% of Allstate Corp’s portfolio, making the stock its 21st largest holding. Allstate Corp’s holdings in Alphabet were worth $43,482,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after buying an additional 6,410 shares during the period. Kooman & Associates lifted its holdings in Alphabet by 1.4% in the second quarter. Kooman & Associates now owns 4,127 shares of the information services provider’s stock valued at $732,000 after acquiring an additional 56 shares during the last quarter. Meyer Handelman Co. lifted its holdings in Alphabet by 3.3% in the second quarter. Meyer Handelman Co. now owns 307,678 shares of the information services provider’s stock valued at $54,579,000 after acquiring an additional 9,875 shares during the last quarter. CX Institutional grew its position in Alphabet by 0.8% in the second quarter. CX Institutional now owns 36,475 shares of the information services provider’s stock worth $6,470,000 after acquiring an additional 274 shares during the period. Finally, Legend Financial Advisors Inc. acquired a new stake in Alphabet during the second quarter worth $50,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Down 0.7%

NASDAQ GOOG opened at $328.55 on Monday. 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 cap of $3.96 trillion, a price-to-earnings ratio of 32.40, a PEG ratio of 1.81 and a beta of 1.09. The firm has a 50 day simple moving average of $316.33 and a 200-day simple moving average of $261.38. Alphabet Inc. has a one year low of $142.66 and a one year high of $341.20.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share for the quarter, topping 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 firm had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. During the same period in the prior year, the firm earned $2.12 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is presently 8.28%.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $319.50, for a total transaction of $10,383,750.00. Following the completion of the transaction, the chief executive officer directly owned 2,272,119 shares of the company’s stock, valued at approximately $725,942,020.50. The trade was a 1.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $288.26, for a total transaction of $800,786.28. Following the sale, the chief accounting officer owned 11,739 shares in the company, valued at $3,383,884.14. The trade was a 19.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 225,187 shares of company stock worth $69,365,318. Company insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on GOOG. KeyCorp reaffirmed an “overweight” rating and issued a $330.00 price target on shares of Alphabet in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $370.00 target price on shares of Alphabet in a research report on Tuesday, January 20th. BNP Paribas Exane began coverage on shares of Alphabet in a research note on Monday, November 24th. They set an “outperform” rating for the company. Guggenheim reiterated a “buy” rating and set a $375.00 price target on shares of Alphabet in a research report on Monday, December 1st. Finally, Canaccord Genuity Group boosted their price target on shares of Alphabet from $330.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Eight equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Alphabet has a consensus rating of “Buy” and a consensus target price of $326.13.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Major analyst upgrade and higher price targets highlight AI-driven upside — Raymond James raised GOOG to “Strong Buy” and boosted its price target (street chatter also shows multiple firms lifting targets), supporting investor confidence in Alphabet’s AI strategy and Google Cloud momentum. Article Title
• Positive Sentiment: Big investors adding shares — Baillie Gifford disclosed adding ~1.19M GOOGL shares in the latest 13F filing, a sign of continued institutional accumulation that can underpin price support. Article Title
• Positive Sentiment: Strong AI ecosystem wins — Apple reportedly will use Google’s Gemini to power the next Siri, expanding Gemini’s distribution and reinforcing Alphabet’s AI moat and monetization pathways. Article Title
• Neutral Sentiment: Analyst and media coverage remains focused on AI and technicals — Several outlets and analysts are publishing bullish previews and technical trading ideas (including MarketBeat, Zacks, TipRanks), which keeps interest high but doesn’t guarantee near-term moves. Article Title
• Neutral Sentiment: Waymo expansion vs. scrutiny — Waymo launched robotaxis in Miami (expansion signal), which can drive future growth for Alphabet’s autonomy segment but also raises operational/legal exposure as deployment scales. Article Title
• Negative Sentiment: NTSB opens probe into Waymo after robotaxis passed stopped school buses — A federal safety investigation into repeated illegal passes in Austin (reported incidents across states) creates regulatory and reputational risk for Waymo and, by extension, Alphabet. That headline is the clearest near-term negative catalyst. Article Title
• Negative Sentiment: Antitrust litigation risk persists — A federal judge allowed a consumer antitrust lawsuit over Google Search to proceed, keeping legal exposure and potential remedies on the radar for investors assessing longer-term regulatory risk. Article Title

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.