S.E.E.D. Planning Group LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 13.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 47,702 shares of the information services provider’s stock after purchasing an additional 5,523 shares during the quarter. Alphabet comprises approximately 3.9% of S.E.E.D. Planning Group LLC’s holdings, making the stock its 7th largest position. S.E.E.D. Planning Group LLC’s holdings in Alphabet were worth $16,413,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. State Street Corp grew its position in Alphabet by 5.6% in the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock valued at $85,403,303,000 after acquiring an additional 12,718,127 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Alphabet by 0.5% in the 4th quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider’s stock valued at $14,208,470,000 after purchasing an additional 208,362 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Alphabet by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 38,106,033 shares of the information services provider’s stock valued at $11,927,189,000 after purchasing an additional 583,078 shares in the last quarter. Amundi grew its holdings in shares of Alphabet by 4.6% during the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider’s stock valued at $11,865,809,000 after purchasing an additional 1,457,371 shares during the last quarter. Finally, Nuveen LLC increased its position in Alphabet by 1.7% during the 4th quarter. Nuveen LLC now owns 29,166,806 shares of the information services provider’s stock worth $9,129,210,000 after purchasing an additional 478,848 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.
Insider Transactions at Alphabet
In other Alphabet news, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares of the company’s stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The SEC filing for this sale provides additional information. Insiders sold 441,399 shares of company stock worth $8,677,053 over the last ninety days. 11.61% of the stock is owned by insiders.
Key Stories Impacting Alphabet
- Positive Sentiment: Google and Unity Software launched an AI-powered game-creation platform that converts natural-language prompts into playable games. The initiative could expand Google’s role in generative AI and attract creators who might otherwise use Roblox, although it also increases competitive pressure in gaming. Alphabet’s Google, Unity Software Launch Playground for Creators to Develop Games Using Prompts
- Positive Sentiment: Google signed long-term nuclear-power agreements with Constellation Energy covering approximately 3,590 megawatts, including 890 megawatts of additional capacity. Securing reliable electricity supports the expansion of AI data centers and signals that Alphabet is addressing power constraints with multi-decade supply commitments. Google Signs Nuclear Deal With Constellation Energy
- Positive Sentiment: Analyst commentary remains constructive: Alphabet’s roughly 17-times earnings valuation, approximately 55% net margin, resilient Search advertising and reported 82% Google Cloud growth are viewed as support for a potential technical breakout. The average analyst target cited is about $426, implying meaningful upside if growth continues. Alphabet’s Chart Is Coiling—and the Fundamentals May Be Ready to Back It Up
- Neutral Sentiment: Google launched SynthID, a public website for identifying AI-generated images, video and audio. The tool may strengthen Alphabet’s AI-trust and safety credentials, but its direct financial impact is currently unclear. Google’s new SynthID website can identify AI-generated media
- Negative Sentiment: Finland ordered Google to halt construction on two data centers until environmental-impact assessments are completed. The delay could increase project costs or postpone AI capacity additions, though Alphabet said it recognizes the concerns and is addressing them. Google ordered to halt work on two data centers in Finland
- Negative Sentiment: Multiple law firms publicized a securities class action alleging Alphabet misrepresented progress on its Gemini 3.5 Pro model after a prior stock decline. Separate reports cite a U.K. Play Store-fee action and a potential $3.2 billion ad-tech damages claim. These remain allegations, but they add litigation and regulatory uncertainty.
Wall Street Analyst Weigh In
A number of analysts have weighed in on GOOGL shares. Wall Street Zen cut shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet in a research note on Monday, June 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a report on Friday, July 17th. Morgan Stanley set a $400.00 price objective on Alphabet and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, Zacks Research cut Alphabet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Five research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Buy” and an average price target of $425.72.
Read Our Latest Stock Report on GOOGL
Alphabet Trading Down 0.1%
Shares of Alphabet stock traded down $0.35 during trading on Wednesday, hitting $347.32. The company’s stock had a trading volume of 9,869,138 shares, compared to its average volume of 30,748,262. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. Alphabet Inc. has a 52 week low of $235.84 and a 52 week high of $408.61. The stock has a market cap of $4.25 trillion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 1.00 and a beta of 1.21. The stock has a 50-day moving average price of $345.42 and a two-hundred day moving average price of $348.53.
Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $6.22. The business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Equities research analysts anticipate that Alphabet Inc. will post 20.55 EPS for the current fiscal year.
Alphabet Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is presently 4.42%.
Alphabet Company Profile
Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.
Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.
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