MADDEN SECURITIES Corp Acquires 1,893 Shares of Alphabet Inc. $GOOGL

MADDEN SECURITIES Corp raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 30.1% during the third quarter, HoldingsChannel reports. The fund owned 8,179 shares of the information services provider’s stock after purchasing an additional 1,893 shares during the quarter. MADDEN SECURITIES Corp’s holdings in Alphabet were worth $2,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Strategic Wealth Advisors LLC raised its stake in shares of Alphabet by 6.0% during the 1st quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider’s stock valued at $137,000 after purchasing an additional 27 shares during the period. Rockbridge Investment Management LCC lifted its holdings in Alphabet by 0.5% during the 1st quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider’s stock worth $1,570,000 after purchasing an additional 27 shares in the last quarter. Ruggaard & Associates LLC lifted its holdings in Alphabet by 0.9% during the 1st quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider’s stock worth $840,000 after purchasing an additional 27 shares in the last quarter. Cadia Private Client LLC lifted its holdings in Alphabet by 1.1% during the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider’s stock worth $744,000 after purchasing an additional 28 shares in the last quarter. Finally, Evansbrook LLC boosted its stake in Alphabet by 0.3% in the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider’s stock worth $2,738,000 after purchasing an additional 28 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of the business’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 value of $28,257.35. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 247 shares of company stock valued at $79,238. 11.61% of the stock is owned by insiders.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Election results were cited as a catalyst for the stock’s advance. The outcome also raises questions about possible data-center restrictions, so the longer-term policy impact is not yet clear. Why Alphabet Stock Popped on Wednesday
• Positive Sentiment: AI demand remains a growth opportunity: Alphabet’s earnings-call coverage highlighted strong cloud demand and TPU sales, while Anthropic’s reported commitment to spend with Google could support future infrastructure demand. GOOGL Q3 Earnings Call Highlights AI Growth and Spending Pressures
• Neutral Sentiment: Google plans to invest $15 billion in Malaysia over 2027–28 to expand data-center and digital infrastructure. This could build capacity for AI and cloud growth, but adds to already elevated investment needs. Google to Invest $15 Billion in Malaysia Over Two Years
• Neutral Sentiment: OpenAI says ChatGPT’s search volume is about one-fifth of Google’s. The comparison has been questioned for lacking a clear baseline, but it underscores the competitive risk to Search. OpenAI Says ChatGPT’s Search Volume Is Now a Fifth of Google’s
• Negative Sentiment: Spending pressure remains a key concern: reports say free cash flow fell below expectations as Alphabet invests heavily in AI infrastructure, and the supplied earnings figures show quarterly EPS missed the consensus estimate. Alphabet’s Free Cash Flow Is Declining Faster Than Analysts Expected
• Negative Sentiment: Google is facing backlash over school accounts that link access to Search with access to AI features, creating reputational and potential policy risk. Separately, law firms are publicizing a securities class action alleging misrepresentations about Gemini development; the claims are allegations, not findings. Google Faces Backlash Over School Search Policy

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GOOGL shares. Wall Street Zen lowered Alphabet from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Cantor Fitzgerald lowered their price target on shares of Alphabet from $420.00 to $350.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. Citizens Jmp lowered shares of Alphabet from a “market outperform” rating to a “hold” rating in a research report on Thursday, October 29th. KeyCorp cut their price objective on shares of Alphabet from $410.00 to $385.00 and set an “overweight” rating for the company in a research report on Thursday, October 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Alphabet from $420.00 to $425.00 and gave the company an “overweight” rating in a research note on Thursday, October 15th. Five analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $412.51.

Alphabet Stock Performance

Shares of GOOGL opened at $288.93 on Thursday. The company has a market cap of $3.53 trillion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 0.84 and a beta of 1.23. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $335.23 and a 200-day moving average price of $339.39. Alphabet Inc. has a 12-month low of $270.70 and a 12-month high of $408.61.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.02 by ($0.90). The company had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.96 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. As a group, equities analysts forecast that Alphabet Inc. will post 19.86 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Alphabet 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.