Avidian Wealth Enterprises LLC Sells 2,416 Shares of Alphabet Inc. $GOOG

Avidian Wealth Enterprises LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,391 shares of the information services provider’s stock after selling 2,416 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Alphabet were worth $12,059,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in GOOG. Castlekeep Investment Advisors LLC acquired a new position in shares of Alphabet in the second quarter worth about $29,000. Lifetime Wealth Management P.C. purchased a new position in shares of Alphabet in the 4th quarter valued at about $38,000. Bard Associates Inc. purchased a new position in shares of Alphabet in the 4th quarter valued at about $41,000. Timbuktu Capital Management LLC acquired a new position in Alphabet in the 2nd quarter worth about $46,000. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in Alphabet during the fourth quarter worth approximately $63,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Tigress Financial boosted their price objective on Alphabet from $415.00 to $485.00 and gave the company a “strong-buy” rating in a research report on Friday, September 18th. KeyCorp restated an “overweight” rating and issued a $435.00 target price on shares of Alphabet in a research report on Thursday, October 1st. BMO Capital Markets lifted their price target on Alphabet from $455.00 to $465.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Stifel Nicolaus set a $485.00 price target on Alphabet in a research report on Thursday. Finally, DZ Bank upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $421.95.

Insider Activity

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the sale, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 441,399 shares of company stock valued at $8,677,053 in the last 90 days. Company insiders own 12.99% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Isomorphic Labs valuation could validate Alphabet’s AI portfolio. The Alphabet-backed drug-discovery startup is reportedly seeking funding at a valuation of at least $40 billion, potentially reaching $50 billion. A successful financing round could highlight the value of Alphabet’s AI assets beyond advertising and cloud services. Alphabet’s Isomorphic Labs seeks valuation of at least $40 billion in new funding round
• Positive Sentiment: Waymo secured $5 billion in debt financing from Blackstone, PIMCO and Sixth Street to accelerate robotaxi expansion. The funding provides additional capital for Alphabet’s autonomous-driving unit without requiring an immediate equity contribution from the parent company. Waymo locks in $5B loan from Blackstone, PIMCO to fuel robotaxi expansion
• Positive Sentiment: Google is broadening commercial applications for Gemini and cloud. Google Cloud is deploying Gemini models with Balyasny Asset Management, while an education partnership will provide Gemini Enterprise to more than 30,000 users. These deals offer evidence of enterprise demand and potential returns on Alphabet’s substantial AI infrastructure spending. Balyasny Asset Management Deploys Gemini Models for Agentic Financial Research
• Positive Sentiment: Long-term power agreements support AI data-center expansion. Alphabet’s nuclear and utility arrangements are designed to secure reliable electricity for data centers, reducing a key bottleneck for cloud and AI growth. Its Unity gaming partnership and new AI media-authentication tools also expand Alphabet’s product ecosystem. Google and Constellation Energy sign latest nuclear energy deal
• Neutral Sentiment: Analysts remain overwhelmingly bullish. Reports cite unanimous positive coverage and price targets well above the current trading range, but some analysts warn that Alphabet’s premium valuation leaves little room for disappointing AI returns. Alphabet Price Prediction: 56 Analysts Bullish, Zero Sells
• Negative Sentiment: Shareholder litigation remains an overhang. Multiple law firms are promoting a securities class action alleging that Alphabet failed to disclose issues related to the anticipated Gemini 3.5 Pro launch and training performance. The allegations are unresolved, but they could increase legal costs and reputational risk. Alphabet Shareholder Alert
• Negative Sentiment: Execution and capital-spending risks are rising. Google was ordered to pause work on two Finnish data centers pending environmental assessments, while commentary points to negative free cash flow and higher debt as AI spending accelerates. These issues could pressure margins if AI monetization fails to keep pace with infrastructure investment. Google ordered to halt work on two data centers in Finland

Alphabet Trading Down 0.5%

NASDAQ:GOOG traded down $1.73 during trading hours on Thursday, hitting $345.64. The company had a trading volume of 6,917,601 shares, compared to its average volume of 20,390,340. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $342.92 and a 200 day moving average of $346.43. The company has a market cap of $4.23 trillion, a P/E ratio of 17.36, a P/E/G ratio of 1.00 and a beta of 1.19. Alphabet Inc. has a 1 year low of $236.68 and a 1 year high of $404.47.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, beating the consensus estimate of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $116.53 billion. During the same quarter in the previous year, the company posted $2.31 EPS. The company’s revenue was up 24.2% compared to the same quarter last year. Sell-side analysts expect that Alphabet Inc. will post 20.55 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet’s payout ratio is presently 4.42%.

Alphabet Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet’s chief executive officer and also leads Google.

Google is Alphabet’s primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.