Alphabet Inc. $GOOGL Stock Purchased by RWQ Financial Management Services Inc.

RWQ Financial Management Services Inc. increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 38.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,460 shares of the information services provider’s stock after purchasing an additional 10,059 shares during the quarter. Alphabet accounts for 7.0% of RWQ Financial Management Services Inc.’s investment portfolio, making the stock its 2nd biggest holding. RWQ Financial Management Services Inc.’s holdings in Alphabet were worth $12,545,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Alphabet by 5.6% during the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock worth $85,403,303,000 after buying an additional 12,718,127 shares during the last quarter. Amundi boosted its position in shares of Alphabet by 4.6% in the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider’s stock worth $11,865,809,000 after buying an additional 1,457,371 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Alphabet by 10.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider’s stock valued at $6,334,186,000 after acquiring an additional 1,631,721 shares during the last quarter. Swiss National Bank grew its stake in Alphabet by 7.1% in the 1st quarter. Swiss National Bank now owns 17,079,800 shares of the information services provider’s stock valued at $4,911,467,000 after acquiring an additional 1,139,400 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Alphabet by 90.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider’s stock valued at $4,900,078,000 after acquiring an additional 8,112,680 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud and AI demand remain key bullish factors. Coverage highlights accelerating Google Cloud growth, expanding demand for AI infrastructure, and Alphabet’s Gemini models and in-house chips as potential drivers of future revenue and margins. OpenAI’s decision to make its models available through Google Cloud could also increase enterprise cloud usage. OpenAI to bring AI models to Google’s cloud
• Positive Sentiment: Some analysts see substantial upside. Bullish commentary points to strong search and cloud fundamentals, a lower valuation than many large technology peers, and potential upside if Alphabet demonstrates that AI spending is translating into durable growth. TikTok’s reported shift of advertising toward YouTube may provide an additional, though smaller, benefit. Alphabet could still have room to run
• Positive Sentiment: Citizens JMP maintained an outperform rating. The firm lowered its price target from $515 to $450, but the revised target still implies considerable potential appreciation from current levels. Banking giant cuts Google stock price target

Alphabet Trading Down 3.1%

Alphabet stock opened at $324.22 on Friday. The stock has a market cap of $3.97 trillion, a PE ratio of 16.28, a P/E/G ratio of 0.97 and a beta of 1.21. The stock has a 50-day moving average price of $343.31 and a 200 day moving average price of $353.04. Alphabet Inc. has a 52 week low of $251.85 and a 52 week high of $408.61. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Equities research analysts predict that Alphabet Inc. will post 20.60 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on GOOGL. DA Davidson set a $350.00 target price on shares of Alphabet and gave the company a “neutral” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. upped their price target on shares of Alphabet from $420.00 to $425.00 and gave the company an “overweight” rating in a report on Thursday, October 15th. Zacks Research lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Tigress Financial reissued a “strong-buy” rating and set a $485.00 price objective (up from $415.00) on shares of Alphabet in a research note on Thursday, September 17th. Finally, Evercore reissued an “outperform” rating and set a $450.00 price objective on shares of Alphabet in a research note on Wednesday, September 16th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $425.04.

Insiders Place Their Bets

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business’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 value of $2,232,808.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frances Arnold sold 83 shares of the company’s 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 transaction, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. The trade was a 0.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 315,765 shares of company stock valued at $6,297,980 in the last ninety days. Insiders own 11.61% of the company’s stock.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.