StoneRidge PMG Advisors LLC Purchases 10,520 Shares of Alphabet Inc. $GOOG

StoneRidge PMG Advisors LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOG) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,520 shares of the information services provider’s stock, valued at approximately $3,585,000. Alphabet comprises approximately 2.4% of StoneRidge PMG Advisors LLC’s portfolio, making the stock its 10th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Burton Enright Welch increased its holdings in shares of Alphabet by 41.4% in the 3rd quarter. Burton Enright Welch now owns 9,894 shares of the information services provider’s stock valued at $3,371,000 after acquiring an additional 2,899 shares during the period. Beverly Hills Private Wealth LLC boosted its stake in Alphabet by 6.0% during the 3rd quarter. Beverly Hills Private Wealth LLC now owns 24,202 shares of the information services provider’s stock worth $8,247,000 after purchasing an additional 1,370 shares during the period. Navigoe LLC boosted its stake in Alphabet by 4.2% during the 3rd quarter. Navigoe LLC now owns 2,270 shares of the information services provider’s stock worth $773,000 after purchasing an additional 91 shares during the period. Triune Financial Partners LLC boosted its stake in Alphabet by 3.4% during the 3rd quarter. Triune Financial Partners LLC now owns 1,416 shares of the information services provider’s stock worth $483,000 after purchasing an additional 46 shares during the period. Finally, BCS Wealth Management boosted its stake in Alphabet by 1.4% during the 3rd quarter. BCS Wealth Management now owns 3,416 shares of the information services provider’s stock worth $1,164,000 after purchasing an additional 47 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $284.92 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69. The stock has a fifty day moving average price of $327.64 and a 200 day moving average price of $336.57. Alphabet Inc. has a 1-year low of $271.41 and a 1-year high of $404.47. The company has a market cap of $3.50 trillion, a PE ratio of 14.87, a P/E/G ratio of 0.87 and a beta of 1.21.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.89). The firm had revenue of $127.58 billion during the quarter, compared to analysts’ expectations of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the business earned $2.87 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 19.74 EPS for the current year.

Alphabet Dividend Announcement

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

Analyst Ratings Changes

GOOG has been the topic of several research reports. Benchmark reissued a “buy” rating on shares of Alphabet in a research report on Thursday, October 29th. Bank of America reaffirmed a “buy” rating on shares of Alphabet in a report on Thursday, October 29th. Pivotal Research reiterated a “buy” rating and set a $475.00 target price on shares of Alphabet in a research note on Thursday, October 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet in a research note on Monday, August 3rd. Finally, Scotiabank reissued a “sector outperform” rating and set a $375.00 price target (down from $450.00) on shares of Alphabet in a report on Thursday, October 29th. Six research 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 given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $413.38.

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the sale, the director owned 19,076 shares of the company’s stock, valued at $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 247 shares of company stock valued at $79,238. 12.99% of the stock is currently owned by company insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Anthropic investment and cloud ties could add value. Alphabet plans to invest $10 billion in Anthropic at its IPO, on top of prior commitments. Anthropic also has large Google Cloud infrastructure commitments, potentially supporting cloud revenue and giving Alphabet a valuable stake if the IPO valuation holds. Those gains remain contingent on the offering and valuation. Article: Anthropic’s Trillion-Dollar IPO Could Give Cloud Giants a Double Win
• Positive Sentiment: Google is expanding its AI hardware and model lineup. New TPU variants target confidential computing and larger AI workloads, potentially helping Google Cloud compete and reduce reliance on outside chips. Google also made Gemini 4 Carbon available to developers and businesses. Article: Google broadens its AI hardware portfolio with two new specialized chips Article: Google Launches Gemini 4 Carbon
• Neutral Sentiment: Pixel Tag adds a new consumer product. Google’s $30 item tracker is now available for Android users, but its effect on Alphabet’s overall results is likely limited. Article: Pixel Tag is now available
• Negative Sentiment: Investors face renewed securities-fraud lawsuit headlines. Multiple law firms publicized a pending class action alleging misleading statements about the Gemini 3.5 Pro launch timeline. The lead-plaintiff deadline is December 1. The notices are largely legal solicitations, but the underlying allegations can add uncertainty and reputational risk. Article: Alphabet securities-fraud lawsuit deadline
• Negative Sentiment: AI competition is intensifying. Anthropic is reportedly developing workplace tools, including a spreadsheet product that could compete with Google Sheets, while its Claude assistant is expanding into Google Meet. This highlights both competitive pressure and the risk of depending on a partner that also competes with Google. Article: Anthropic brings Claude to Google Meet
• Negative Sentiment: Waymo faces a safety and privacy overhang. Federal scrutiny over robotaxis’ school-bus behavior and added privacy protections related to Spirit Airlines employee data create regulatory and reputational risks. Article: Federal Government Probes Waymo Over School-Bus Safety

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.