Alphabet Inc. $GOOGL Stake Lifted by IPG Investment Advisors LLC

IPG Investment Advisors LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.9% in the third quarter, Holdings Channel reports. The fund owned 59,761 shares of the information services provider’s stock after acquiring an additional 2,258 shares during the quarter. Alphabet accounts for about 2.9% of IPG Investment Advisors LLC’s portfolio, making the stock its 5th largest position. IPG Investment Advisors LLC’s holdings in Alphabet were worth $20,563,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Titleist Asset Management LLC grew its stake in shares of Alphabet by 6.4% during the 3rd quarter. Titleist Asset Management LLC now owns 34,613 shares of the information services provider’s stock worth $11,909,000 after acquiring an additional 2,096 shares during the period. Elefante Mark B increased its holdings in Alphabet by 4.5% in the 2nd quarter. Elefante Mark B now owns 43,733 shares of the information services provider’s stock worth $15,629,000 after acquiring an additional 1,897 shares during the last quarter. Nwam LLC increased its holdings in Alphabet by 19.6% in the 1st quarter. Nwam LLC now owns 49,128 shares of the information services provider’s stock worth $14,127,000 after acquiring an additional 8,055 shares during the last quarter. WCM Investment Management LLC raised its stake in Alphabet by 287.4% in the 1st quarter. WCM Investment Management LLC now owns 3,886 shares of the information services provider’s stock valued at $1,063,000 after acquiring an additional 2,883 shares during the period. Finally, Spinnaker Investment Group LLC raised its stake in Alphabet by 51.4% in the 2nd quarter. Spinnaker Investment Group LLC now owns 4,759 shares of the information services provider’s stock valued at $1,701,000 after acquiring an additional 1,616 shares during the period. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Up 2.1%

GOOGL stock opened at $293.45 on Thursday. The company’s 50 day moving average is $329.89 and its 200 day moving average is $338.38. The stock has a market cap of $3.61 trillion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 0.87 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. Alphabet Inc. has a 1-year low of $270.70 and a 1-year high of $408.61.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.90). The firm had revenue of $127.58 billion during the quarter, compared to the consensus estimate of $127.96 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. Sell-side analysts predict that Alphabet Inc. will post 19.81 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, December 7th will be given a $0.22 dividend. 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%.

Key Alphabet News

Here’s some of the latest news about GOOGL:

• Positive Sentiment: Alphabet unveiled two new AI-focused TPU systems, broadening its in-house chip lineup and potentially reducing reliance on outside suppliers. The push could strengthen Google Cloud’s competitiveness, though investors are weighing the investment required against returns. Article: Alphabet Escalates AI Chip Rivalry With NVIDIA
• Positive Sentiment: Google’s Gemini 4 Carbon scored near the top in an accounting AI benchmark, with Gemini 4 Argon ranking first. Strong results may support adoption of Google’s AI tools by businesses. Article: Google Now Has Two of the Top AI Models for Accounting Work
• Neutral Sentiment: Alphabet is among Anthropic’s major investors and cloud providers, with the company’s IPO potentially increasing the value of its stake and supporting Google Cloud demand. However, the reported additional investment is also a substantial capital commitment. Article: Anthropic’s Trillion-Dollar IPO Could Give Cloud Giants a Double Win

Wall Street Analyst Weigh In

GOOGL has been the topic of several recent research reports. Citizens Jmp downgraded shares of Alphabet from a “market outperform” rating to a “hold” rating in a report on Thursday, October 29th. Phillip Securities upgraded shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 27th. Royal Bank Of Canada lowered their price target on shares of Alphabet from $425.00 to $400.00 and set an “outperform” rating on the stock in a research report on Thursday, October 29th. Roth Capital restated a “buy” rating and set a $440.00 price target (up from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, 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 report on Thursday, October 29th. Five analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $412.51.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 83 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 247 shares of company stock worth $79,238 over the last ninety days. Corporate insiders own 11.61% of the company’s stock.

Alphabet Company Profile

Alphabet Inc. is a technology holding company whose largest business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company reorganized its businesses under the holding-company structure in 2015. Google’s products and services include Search, YouTube, Android, Chrome, Google Maps, Google Play and Google Cloud. The company also generates revenue from digital advertising and offers devices, subscriptions and artificial intelligence products and services.