Alphabet Inc. $GOOG Stock Bought by Elite Wealth Management Inc.

Elite Wealth Management Inc. boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 144.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 28,167 shares of the information services provider’s stock after purchasing an additional 16,623 shares during the period. Alphabet comprises about 1.8% of Elite Wealth Management Inc.’s portfolio, making the stock its 13th biggest holding. Elite Wealth Management Inc.’s holdings in Alphabet were worth $9,598,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Morton Brown Family Wealth LLC raised its stake in shares of Alphabet by 135.5% in the third quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider’s stock valued at $25,000 after buying an additional 42 shares during the period. Castlekeep Investment Advisors LLC purchased a new position in shares of Alphabet during the 2nd quarter valued at $29,000. Livelsberger Financial Advisory bought a new position in shares of Alphabet during the 3rd quarter worth $37,000. Toth Financial Advisory Corp bought a new position in shares of Alphabet during the 2nd quarter worth $41,000. Finally, Timbuktu Capital Management LLC purchased a new stake in Alphabet in the 2nd quarter worth about $46,000. 27.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GOOG shares. Needham & Company LLC restated a “buy” rating on shares of Alphabet in a research note on Tuesday, October 27th. Scotiabank reiterated a “sector outperform” rating and set a $375.00 target price (down from $450.00) on shares of Alphabet in a research report on Thursday, October 29th. Wells Fargo & Company set a $365.00 target price on shares of Alphabet in a research report on Monday, November 2nd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $325.00 target price on shares of Alphabet in a research note on Thursday, October 29th. Finally, China Renaissance lowered their price target on shares of Alphabet from $485.00 to $445.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $413.38.

Insider Buying and Selling

In related news, Director Frances Arnold sold 83 shares of the company’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 transaction of $28,257.35. Following the sale, the director owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 247 shares of company stock worth $79,238 over the last three months. 12.99% of the stock is currently owned by insiders.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced two new versions of its eighth-generation Tensor Processing Units (TPUs), expanding its offerings for large and sensitive AI workloads. Investors may see the chips as a way to strengthen Google Cloud and challenge Nvidia in AI infrastructure. Alphabet stock rises as Google expands AI chip lineup to challenge Nvidia
• Positive Sentiment: Google Cloud selected AMD’s fifth-generation EPYC processors to host its TPU 8tx systems. The deal supports Alphabet’s AI infrastructure plans and shows the potential for partnerships alongside its in-house chips. AMD Stock Rises On Google Cloud Deal, Wall Street Upgrade
• Neutral Sentiment: Several law firms publicized a securities class action concerning Alphabet shares bought between May 19 and July 16, 2026, with lead-plaintiff deadlines around November 30 and December 1. The claims—including alleged misrepresentation of a Gemini model launch timeline—are allegations, and the announcements do not establish wrongdoing. Alphabet Deadline Alert: Levi & Korsinsky
• Negative Sentiment: JPMorgan removed Alphabet from its Analyst Focus List, while retaining an Overweight rating, citing slower AI search monetization and heavy infrastructure spending. Those concerns could weigh on expectations for returns from Alphabet’s substantial AI investment. JPMorgan Just Removed Alphabet From Its Analyst Focus List
• Negative Sentiment: Federal safety regulators opened an investigation into Waymo robotaxis reportedly continuing to pass stopped school buses after a software fix. The probe adds regulatory and reputational risk to Alphabet’s autonomous-driving business. Waymo robotaxis kept illegally passing school buses after software fix, feds say

Alphabet Stock Performance

NASDAQ:GOOG opened at $286.01 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. Alphabet Inc. has a 52-week low of $271.41 and a 52-week high of $404.47. The firm has a market cap of $3.50 trillion, a price-to-earnings ratio of 14.93, a PEG ratio of 0.87 and a beta of 1.21. The business’s fifty day moving average is $328.65 and its 200 day moving average is $336.80.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.89). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The company had revenue of $127.58 billion for the quarter, compared to analysts’ expectations of $127.97 billion. During the same period last year, the company posted $2.87 EPS. The business’s revenue for the quarter was up 24.7% on a year-over-year basis. Research analysts predict that Alphabet Inc. will post 19.80 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet’s dividend payout ratio (DPR) is 4.59%.

Alphabet Company Profile

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.