Alphabet Inc. $GOOG Stock Acquired by Prairie Advisory LLC

Prairie Advisory LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 99.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,990 shares of the information services provider’s stock after purchasing an additional 2,483 shares during the period. Prairie Advisory LLC’s holdings in Alphabet were worth $1,700,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Castlekeep Investment Advisors LLC acquired a new position in shares of Alphabet during the 2nd quarter worth $29,000. Timbuktu Capital Management LLC bought a new stake in shares of Alphabet during the 2nd quarter worth $46,000. Robinswood Financial LLC acquired a new stake in Alphabet in the first quarter valued at about $57,000. Commonwealth Retirement Investments LLC acquired a new stake in Alphabet in the second quarter valued at about $86,000. Finally, Harborfront Financial Group LLC acquired a new stake in Alphabet in the second quarter valued at about $89,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Cloud and AI-chip growth could support an earnings beat. Bank of America expects Alphabet’s third-quarter revenue and adjusted earnings to modestly exceed Wall Street forecasts, citing expanding Google Cloud capacity and strong demand for Alphabet’s custom TPU chips. Analysts remain broadly constructive, with several firms maintaining buy or overweight ratings. Alphabet’s Cloud Growth, TPU Sales Could Drive Q3 Upside
• Positive Sentiment: Alphabet is expanding its AI ecosystem. Google released TorchTPU as an open-source PyTorch project, potentially making it easier for developers to use Google’s chips and reducing Nvidia’s software advantage. Google is also bringing a more personalized Gemini assistant to vehicles, which could deepen user engagement and ecosystem adoption. Google has joined Amazon in attacking Nvidia’s stronghold
• Positive Sentiment: Waymo provides longer-term growth potential. Alphabet’s autonomous-driving unit plans to launch robotaxi service in Madrid in 2027 and reportedly aims to expand its fleet to 20,000 vehicles by the end of next year. The initiatives offer potential diversification beyond advertising and cloud services. Waymo to launch autonomous ride-hailing in Madrid
• Neutral Sentiment: Alphabet’s valuation continues to attract investors. Commentators describe GOOG as one of the more reasonably valued “Magnificent Seven” stocks, while recent institutional filings show additional purchases by some large funds. These signals may support the shares but are not immediate earnings catalysts. Amazon vs Alphabet
• Negative Sentiment: A Google Cloud outage disrupted U.K. banks and financial applications. Although services were largely restored, the incident highlights reliability and concentration risks as Google Cloud becomes more important to critical infrastructure. Google Cloud services largely back up in UK
• Negative Sentiment: Investors remain concerned about AI capital spending. Expectations for heavier infrastructure investment, potentially weaker free cash flow and pressure on margins could overshadow strong revenue growth ahead of the October 28 earnings report. A broader AI-stock sell-off is adding to the pressure.
• Negative Sentiment: Multiple law firms publicized a securities-fraud class action. The litigation alleges Alphabet misrepresented the timing or progress of its Gemini 3.5 Pro model. The announcements may weigh on sentiment, although the financial impact remains uncertain. Alphabet securities-fraud lawsuit

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Citigroup reiterated a “market outperform” rating on shares of Alphabet in a research report on Friday, October 9th. Moffett Nathanson dropped their target price on shares of Alphabet from $380.00 to $370.00 and set a “buy” rating for the company in a report on Wednesday, September 16th. DA Davidson dropped their target price on shares of Alphabet from $375.00 to $350.00 and set a “neutral” rating for the company in a report on Thursday, July 23rd. UBS Group restated a “neutral” rating and issued a $380.00 price target (up from $379.00) on shares of Alphabet in a research note on Wednesday, October 14th. Finally, DZ Bank raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Alphabet presently has an average rating of “Buy” and an average price target of $421.85.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction dated Wednesday, September 30th. The stock was 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 of the company’s stock, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 402,479 shares of company stock valued at $7,946,534 in the last 90 days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Down 1.1%

Shares of GOOG opened at $336.40 on Wednesday. Alphabet Inc. has a 52 week low of $244.67 and a 52 week high of $404.47. The stock has a market capitalization of $4.11 trillion, a price-to-earnings ratio of 16.90, a PEG ratio of 0.99 and a beta of 1.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The stock has a fifty day moving average of $340.64 and a 200-day moving average of $350.00.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data 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. The company had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Alphabet’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter last year, the business posted $2.31 EPS. As a group, sell-side analysts anticipate that Alphabet Inc. will post 20.55 earnings per share for the current fiscal year.

About Alphabet

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google’s principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.