Alphabet Inc. $GOOG Stock: GRIMES & Co WEALTH MANAGEMENT LLC Boosts Stake

GRIMES & Co WEALTH MANAGEMENT LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 18.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,644 shares of the information services provider’s stock after buying an additional 19,192 shares during the period. Alphabet accounts for approximately 1.0% of GRIMES & Co WEALTH MANAGEMENT LLC’s holdings, making the stock its 20th biggest position. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Alphabet were worth $41,789,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morton Brown Family Wealth LLC increased its position in Alphabet by 135.5% during the 3rd 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 in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in Alphabet in the second quarter worth about $29,000. Livelsberger Financial Advisory bought a new position in shares of Alphabet in the third quarter worth approximately $37,000. Timbuktu Capital Management LLC purchased a new stake in shares of Alphabet during the second quarter valued at approximately $46,000. Finally, Robinswood Financial LLC purchased a new stake in shares of Alphabet during the first quarter valued at approximately $57,000. Institutional investors own 27.26% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI momentum: A venture-capital investor ranked Alphabet’s Gemini as the leading AI model, supporting optimism about the company’s ability to compete in AI and potentially attract usage and spending. Top VC: The Best AI Models Take “80% Plus” of Spend. And Alphabet’s Gemini Just Ranked No. 1
• Positive Sentiment: Long-term infrastructure growth: Google plans to invest $15 billion in Malaysia over two years to expand data-center capacity and support regional AI and cloud demand. The investment could help grow future revenue, though it adds to near-term capital needs. Google to Invest $15 Billion in Malaysia Over Two Years
• Neutral Sentiment: Election-driven rally: Reports attributed the rebound in Alphabet and other mega-cap technology shares to a broad post-election market rally. The result may have eased some near-term concern about data-center policy, although regulatory uncertainty remains. Why Alphabet Stock Popped on Wednesday
• Negative Sentiment: Heavy AI investment weighs on cash flow: Recent coverage highlighted declining free cash flow and rising infrastructure costs, tempering the growth story. Investors remain focused on whether cloud and AI returns will justify the spending. Alphabet’s Free Cash Flow Is Declining Faster Than Analysts Expected
• Negative Sentiment: School Search policy backlash and litigation: Google’s plan tying school access to Search with AI settings drew criticism from politicians and prompted competing search services to target schools. Separately, a securities class action alleges investors were misled about Gemini 3.5 Pro’s progress; the claims are allegations, but add legal and reputational uncertainty. Google faces backlash for plan that would turn off Search for schools that restrict AI

Analysts Set New Price Targets

GOOG has been the subject of a number of recent analyst reports. DZ Bank upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Bank of America reissued a “buy” rating on shares of Alphabet in a report on Thursday, October 29th. Evercore restated an “outperform” rating and issued a $435.00 price target on shares of Alphabet in a research note on Thursday, October 29th. The Goldman Sachs Group lowered their price target on Alphabet from $440.00 to $435.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Finally, Stifel Nicolaus set a $485.00 price objective on Alphabet in a research report on Thursday, October 8th. Six analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $413.38.

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the transaction, the director directly 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. Insiders sold a total of 247 shares of company stock valued at $79,238 over the last 90 days. 12.99% of the stock is owned by company insiders.

Alphabet Trading Up 3.2%

Shares of Alphabet stock opened at $287.30 on Thursday. Alphabet Inc. has a 1-year low of $271.41 and a 1-year high of $404.47. The company’s fifty day simple moving average is $332.01 and its 200-day simple moving average is $337.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69. The stock has a market capitalization of $3.51 trillion, a PE ratio of 14.99, a P/E/G ratio of 0.84 and a beta of 1.21.

Alphabet (NASDAQ:GOOG) last released its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.89). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The company had revenue of $127.58 billion for the quarter, compared to analysts’ expectations of $127.97 billion. During the same quarter last year, the firm posted $2.87 earnings per share. Alphabet’s revenue for the quarter was up 24.7% on a year-over-year basis. As a group, equities analysts anticipate that Alphabet Inc. will post 19.80 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 7th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 4.59%.

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.