Alphabet Inc. $GOOGL Stock Purchased by Norris Perne & French LLP MI

Norris Perne & French LLP MI raised its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 142.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 244,847 shares of the information services provider’s stock after acquiring an additional 144,053 shares during the quarter. Alphabet makes up about 3.7% of Norris Perne & French LLP MI’s portfolio, making the stock its 3rd largest holding. Norris Perne & French LLP MI’s holdings in Alphabet were worth $84,247,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GOOGL. Titleist Asset Management LLC raised its position in Alphabet by 6.4% in the third quarter. Titleist Asset Management LLC now owns 34,613 shares of the information services provider’s stock valued at $11,909,000 after purchasing an additional 2,096 shares during the period. PFG Investments LLC grew its stake in shares of Alphabet by 2.6% during the 1st quarter. PFG Investments LLC now owns 89,299 shares of the information services provider’s stock worth $25,679,000 after purchasing an additional 2,269 shares during the period. Elefante Mark B grew its holdings in Alphabet by 4.5% during the 2nd quarter. Elefante Mark B now owns 43,733 shares of the information services provider’s stock valued at $15,629,000 after buying an additional 1,897 shares during the last quarter. Nwam LLC boosted its holdings in shares of Alphabet by 19.6% during the first quarter. Nwam LLC now owns 49,128 shares of the information services provider’s stock worth $14,127,000 after purchasing an additional 8,055 shares during the last quarter. Finally, WCM Investment Management LLC boosted its holdings in Alphabet by 287.4% in the first quarter. WCM Investment Management LLC now owns 3,886 shares of the information services provider’s stock valued at $1,063,000 after acquiring an additional 2,883 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $279.84 on Monday. The stock has a fifty day simple moving average of $339.07 and a 200 day simple moving average of $340.17. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19. Alphabet Inc. has a 12-month low of $270.70 and a 12-month high of $408.61. The company has a market capitalization of $3.42 trillion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 0.83 and a beta of 1.21.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.96 billion. On average, sell-side analysts anticipate that Alphabet Inc. will post 20.05 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 7th. Alphabet’s payout ratio is currently 4.59%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results support Alphabet’s position as a major beneficiary of enterprise AI demand. Alphabet’s Cloud Business Just Doubled
• Positive Sentiment: Several analysts remain constructive after the selloff. Guggenheim and Needham reaffirmed “buy” ratings with $450 targets, while Citigroup and Wells Fargo retained bullish ratings and projected substantial upside despite lowering their targets.
• Positive Sentiment: Alphabet’s AI ecosystem could gain from rising demand for cloud capacity and specialized chips. Waymo is also expanding internationally through a partnership with Toyota, although the business remains small relative to Alphabet’s core operations. Waymo taps Toyota to supply robotaxis
• Neutral Sentiment: Multiple securities law firms publicized class-action lawsuits and lead-plaintiff deadlines tied to alleged disclosures about Alphabet’s Gemini AI development. These notices add headline risk, but their direct financial impact remains uncertain.
• Negative Sentiment: Alphabet reported adjusted earnings of $2.12 per share, below consensus near $2.94-$3.02, while revenue of $127.6 billion also missed expectations. Search and other revenue grew about 12% to roughly $63 billion, but fell short of forecasts, reinforcing fears that AI-generated answers and “AI mode” searches may monetize less effectively than traditional Search.
• Negative Sentiment: AI infrastructure spending caused free cash flow to remain negative by roughly $9.1 billion for a second consecutive quarter. Investors are questioning whether the enormous capital outlays will produce adequate returns and whether Alphabet may need additional debt or equity financing.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment reduced quarterly earnings by approximately $0.55 per share, while an EU antitrust fine further pressured results. Analysts including RBC, Wells Fargo, Citigroup, Wedbush, KeyCorp and Cantor Fitzgerald lowered price targets, even though most maintained positive ratings.

Insider Activity

In related news, Director Frances Arnold sold 83 shares of the 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 owned 19,076 shares in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 247 shares of company stock valued at $79,238 in the last 90 days. Corporate insiders own 11.61% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several research reports. Tigress Financial reiterated a “strong-buy” rating and issued a $485.00 target price (up from $415.00) on shares of Alphabet in a research report on Thursday, September 17th. Citigroup decreased their price objective on Alphabet from $447.00 to $375.00 and set a “buy” rating for the company in a research report on Friday. Wall Street Zen downgraded Alphabet from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Cantor Fitzgerald cut their price objective on Alphabet from $420.00 to $350.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Susquehanna decreased their price objective on shares of Alphabet from $460.00 to $400.00 and set a “positive” rating for the company in a report on Thursday. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $410.46.

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.