Proem Advisors LLC Buys 34,900 Shares of Alphabet Inc. $GOOG

Proem Advisors LLC raised its stake in Alphabet Inc. (NASDAQ:GOOG) by 34.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 134,900 shares of the information services provider’s stock after buying an additional 34,900 shares during the quarter. Alphabet makes up about 3.5% of Proem Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Proem Advisors LLC’s holdings in Alphabet were worth $32,855,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GOOG. Norges Bank acquired a new stake in Alphabet in the 2nd quarter valued at approximately $4,298,572,000. Vanguard Group Inc. grew its stake in shares of Alphabet by 1.3% in the second quarter. Vanguard Group Inc. now owns 416,753,033 shares of the information services provider’s stock worth $73,927,821,000 after purchasing an additional 5,182,111 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Alphabet by 73.5% during the third quarter. Assenagon Asset Management S.A. now owns 9,808,152 shares of the information services provider’s stock valued at $2,388,775,000 after purchasing an additional 4,154,929 shares during the period. Laurel Wealth Advisors LLC raised its stake in shares of Alphabet by 17,547.9% during the second quarter. Laurel Wealth Advisors LLC now owns 4,122,727 shares of the information services provider’s stock valued at $731,331,000 after purchasing an additional 4,099,366 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Alphabet by 330.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,989,463 shares of the information services provider’s stock worth $707,691,000 after purchasing an additional 3,062,590 shares during the period. Institutional investors own 27.26% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is expanding Gemini AI features inside Chrome (assistant features and image tools), which supports product engagement and potential ad/search monetization upside. Google brings more Gemini AI features to Chrome browser
• Positive Sentiment: Google added AI image-generation and side-panel virtual assistant capabilities to Chrome, strengthening user stickiness and increasing cross-product use of Gemini. Google adds AI image generation to Chrome browser
• Positive Sentiment: Apple CEO Tim Cook confirmed an AI collaboration with Google that Apple describes as unlocking new experiences — a high-profile partner endorsement that could broaden Gemini distribution and revenue pathways. Tim Cook on Google partnership
• Positive Sentiment: Institutional buying: Vanguard disclosed a meaningful addition of GOOGL shares (reported in 13F updates), indicating continued large-cap demand from major asset managers. VANGUARD GROUP INC Fund Update
• Positive Sentiment: Positive market commentary (including Jim Cramer) is supporting bullish sentiment toward Alphabet’s AI-led growth story. “Alphabet (GOOGL)’s Extraordinary,” Says Jim Cramer
• Neutral Sentiment: Waymo continues geographic expansion (airport services in San Francisco, planned UK rollout), signaling long-term autonomous mobility potential but still early monetization. Waymo Opens Up Airport Service in San Francisco
• Neutral Sentiment: Analysts expect earnings growth next week and note the AI push as a driver; these previews keep focus on upcoming results and guidance for Search/Cloud. Alphabet Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Google disrupted a large residential proxy network, which could improve customer trust and reduce fraud exposure (reputational/operational benefit). Google disrupts large residential proxy network
• Negative Sentiment: Regulatory/legal risk: a Waymo robotaxi struck a child near a school; the NHTSA has opened an investigation — a headline risk that can pressure shares and slow AV commercialization timelines. Waymo Robotaxi Hits Child, Prompting NHTSA Investigation
• Negative Sentiment: UK competition regulator proposed rules forcing Google to give publishers opt-outs for AI summaries and more transparency — potential headwinds for Search product design and legal/compliance costs. UK regulator proposes changes to Google search for publishers
• Negative Sentiment: Alphabet agreed to pay about $135M to settle a lawsuit over handling of cellular data, a direct near-term cash/legal hit and raises scrutiny on data practices. Google to Pay $135 Million to Settle Lawsuit

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $288.26, for a total value of $800,786.28. Following the transaction, the chief accounting officer owned 11,739 shares in the company, valued at approximately $3,383,884.14. This represents a 19.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $299.80, for a total transaction of $9,743,500.00. Following the transaction, the chief executive officer owned 2,239,619 shares in the company, valued at approximately $671,437,776.20. This represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 225,075 shares of company stock valued at $69,332,637. Corporate insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Sanford C. Bernstein raised their target price on shares of Alphabet from $260.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Alphabet in a research note on Tuesday, January 20th. Loop Capital upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Rosenblatt Securities set a $279.00 price target on Alphabet in a research report on Thursday, October 30th. Finally, Citigroup restated a “market outperform” rating on shares of Alphabet in a report on Wednesday, December 17th. Eight analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $330.83.

Alphabet Trading Up 0.7%

Shares of GOOG opened at $338.66 on Friday. The business’s 50-day moving average price is $320.13 and its 200 day moving average price is $264.58. The stock has a market capitalization of $4.09 trillion, a P/E ratio of 33.40, a P/E/G ratio of 1.85 and a beta of 1.09. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $342.29.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The business had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. During the same quarter in the prior year, the firm earned $2.12 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. Analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, December 8th. Alphabet’s payout ratio is 8.28%.

Alphabet Company Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.