Alphabet Inc. $GOOG Stake Boosted by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its stake in Alphabet Inc. (NASDAQ:GOOG) by 3.2% during the third quarter, HoldingsChannel reports. The fund owned 2,960,173 shares of the information services provider’s stock after purchasing an additional 92,394 shares during the quarter. Alphabet comprises approximately 1.0% of Pictet Asset Management Holding SA’s holdings, making the stock its 12th biggest position. Pictet Asset Management Holding SA’s holdings in Alphabet were worth $1,008,526,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Palisade Asset Management LLC grew its position in Alphabet by 1.7% in the third quarter. Palisade Asset Management LLC now owns 10,516 shares of the information services provider’s stock worth $3,583,000 after acquiring an additional 172 shares in the last quarter. Investment Management Corp VA ADV increased its stake in shares of Alphabet by 5.9% during the 3rd quarter. Investment Management Corp VA ADV now owns 2,844 shares of the information services provider’s stock worth $969,000 after purchasing an additional 159 shares during the last quarter. Pegasus Asset Management Inc. raised its holdings in shares of Alphabet by 1.2% during the 3rd quarter. Pegasus Asset Management Inc. now owns 59,524 shares of the information services provider’s stock valued at $20,282,000 after purchasing an additional 724 shares in the last quarter. Abacus Wealth Partners LLC raised its holdings in shares of Alphabet by 10.2% during the 3rd quarter. Abacus Wealth Partners LLC now owns 7,871 shares of the information services provider’s stock valued at $2,682,000 after purchasing an additional 731 shares in the last quarter. Finally, Flagship Wealth Advisors LLC raised its holdings in shares of Alphabet by 3.6% during the 3rd quarter. Flagship Wealth Advisors LLC now owns 5,747 shares of the information services provider’s stock valued at $1,958,000 after purchasing an additional 200 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 price objective on shares of Alphabet in a research note on Thursday, October 29th. Sanford C. Bernstein reissued a “market perform” rating and set a $325.00 target price on shares of Alphabet in a research report on Thursday, October 29th. KeyCorp restated an “overweight” rating and set a $385.00 target price on shares of Alphabet in a report on Thursday, October 29th. Benchmark restated a “buy” rating on shares of Alphabet in a report on Thursday, October 29th. Finally, Freedom Capital raised Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $413.38.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google’s Cloud, Gemini, advertising and streaming businesses are showing improving demand, according to market commentary. Reports also cite more than 1 billion Gemini app users and rapid Google Cloud growth, supporting the case that AI can create revenue beyond traditional Search. Article: GOOGL Cloud Momentum Clashes with Google Search Concerns
• Positive Sentiment: Alphabet disclosed a roughly $548 million Qualcomm stake, which could strengthen its AI data-center supply and technology relationships. Article: Alphabet discloses $548 million worth of Qualcomm stake
• Neutral Sentiment: Google acquired Crusoe’s planned Wyoming data-center site as part of a reported $17 billion expansion, with a pledge to cover the facility’s power costs. More capacity could support AI and cloud growth, while the scale of investment and energy needs add to concerns about spending and infrastructure constraints. Article: Google acquires Wyoming data center site from AI infrastructure firm Crusoe
• Neutral Sentiment: Alphabet’s Wing plans to invest up to $125 million in a Texas manufacturing facility, expanding its drone-delivery capacity. It offers longer-term growth potential but is a relatively small, multi-year investment compared with Alphabet’s core businesses. Article: Alphabet’s Drone Unit to Invest Up to $125 Million in New Texas Facility
• Negative Sentiment: Investors continue to question whether AI assistants could weaken Search growth and how effectively Alphabet can monetize AI search. Heavy data-center spending also raises concerns about cash flow, electricity availability and potential regulation. Article: Are the Fears Around Alphabet’s Search Slowdown Warranted?
• Negative Sentiment: Several law firms publicized an existing securities class action alleging investor harm during May–July 2026; the claims remain allegations, but the publicity may add a legal overhang. Separately, parents’ claims over an AI chatbot’s alleged role in a student’s suicide attempt raise potential safety and reputational concerns. Article: Google faces claims student used AI chat on US school laptop to plan suicide attempt

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director owned 19,076 shares in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 247 shares of company stock valued at $79,238. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG stock opened at $283.93 on Monday. Alphabet Inc. has a 12 month low of $271.41 and a 12 month high of $404.47. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $329.78 and its two-hundred day moving average is $337.01. The company has a market cap of $3.49 trillion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 0.86 and a beta of 1.21.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 29th. The information services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.89). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The firm had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.97 billion. During the same period in the prior year, the business earned $2.87 EPS. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. Equities analysts predict that Alphabet Inc. will post 19.80 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be paid a $0.22 dividend. The ex-dividend date is Monday, December 7th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is presently 4.59%.

About Alphabet

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer.

Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.