Prairie Advisory LLC Acquires 2,483 Shares of Alphabet Inc. $GOOG

Prairie Advisory LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 99.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,990 shares of the information services provider’s stock after purchasing an additional 2,483 shares during the period. Prairie Advisory LLC’s holdings in Alphabet were worth $1,700,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Castlekeep Investment Advisors LLC bought a new position in Alphabet during the 2nd quarter worth $29,000. Timbuktu Capital Management LLC acquired a new position in Alphabet during the 2nd quarter worth about $46,000. Robinswood Financial LLC acquired a new position in Alphabet during the 1st quarter worth about $57,000. Commonwealth Retirement Investments LLC acquired a new position in Alphabet during the 2nd quarter worth about $86,000. Finally, Harborfront Financial Group LLC bought a new stake in shares of Alphabet in the 2nd quarter valued at about $89,000. Institutional investors own 27.26% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Cloud and AI-chip growth could support an earnings beat. Bank of America expects Alphabet’s third-quarter revenue and adjusted earnings to modestly exceed Wall Street forecasts, citing expanding Google Cloud capacity and strong demand for Alphabet’s custom TPU chips. Analysts remain broadly constructive, with several firms maintaining buy or overweight ratings. Alphabet’s Cloud Growth, TPU Sales Could Drive Q3 Upside
• Positive Sentiment: Alphabet is expanding its AI ecosystem. Google released TorchTPU as an open-source PyTorch project, potentially making it easier for developers to use Google’s chips and reducing Nvidia’s software advantage. Google is also bringing a more personalized Gemini assistant to vehicles, which could deepen user engagement and ecosystem adoption. Google has joined Amazon in attacking Nvidia’s stronghold
• Positive Sentiment: Waymo provides longer-term growth potential. Alphabet’s autonomous-driving unit plans to launch robotaxi service in Madrid in 2027 and reportedly aims to expand its fleet to 20,000 vehicles by the end of next year. The initiatives offer potential diversification beyond advertising and cloud services. Waymo to launch autonomous ride-hailing in Madrid
• Neutral Sentiment: Alphabet’s valuation continues to attract investors. Commentators describe GOOG as one of the more reasonably valued “Magnificent Seven” stocks, while recent institutional filings show additional purchases by some large funds. These signals may support the shares but are not immediate earnings catalysts. Amazon vs Alphabet
• Negative Sentiment: A Google Cloud outage disrupted U.K. banks and financial applications. Although services were largely restored, the incident highlights reliability and concentration risks as Google Cloud becomes more important to critical infrastructure. Google Cloud services largely back up in UK
• Negative Sentiment: Investors remain concerned about AI capital spending. Expectations for heavier infrastructure investment, potentially weaker free cash flow and pressure on margins could overshadow strong revenue growth ahead of the October 28 earnings report. A broader AI-stock sell-off is adding to the pressure.
• Negative Sentiment: Multiple law firms publicized a securities-fraud class action. The litigation alleges Alphabet misrepresented the timing or progress of its Gemini 3.5 Pro model. The announcements may weigh on sentiment, although the financial impact remains uncertain. Alphabet securities-fraud lawsuit

Insider Activity at Alphabet

In related news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 402,479 shares of company stock worth $7,946,534 in the last quarter. Company insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on GOOG. Truist Financial reduced their price target on Alphabet from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. The Goldman Sachs Group lowered their price objective on Alphabet from $440.00 to $435.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Wells Fargo & Company set a $417.00 price objective on Alphabet and gave the stock an “overweight” rating in a research note on Tuesday, October 6th. Tigress Financial lifted their price objective on Alphabet from $415.00 to $485.00 and gave the stock a “strong-buy” rating in a research note on Friday, September 18th. Finally, New Street Research reduced their target price on Alphabet from $455.00 to $405.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Six analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Alphabet has an average rating of “Buy” and a consensus price target of $421.85.

Alphabet Price Performance

Alphabet stock opened at $336.40 on Wednesday. The stock has a market capitalization of $4.11 trillion, a price-to-earnings ratio of 16.90, a PEG ratio of 0.99 and a beta of 1.19. Alphabet Inc. has a 52-week low of $244.67 and a 52-week high of $404.47. The stock’s 50 day moving average price is $340.64 and its two-hundred day moving average price is $350.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.87 by $6.24. The company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.31 EPS. On average, equities analysts predict that Alphabet Inc. will post 20.55 earnings per share for the current year.

About Alphabet

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google’s principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.