Alphabet Inc. $GOOGL Shares Bought by Smallwood Wealth Investment Management LLC

Smallwood Wealth Investment Management LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 441.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,039 shares of the information services provider’s stock after acquiring an additional 3,293 shares during the period. Smallwood Wealth Investment Management LLC’s holdings in Alphabet were worth $1,390,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp boosted its position in shares of Alphabet by 5.6% in the second quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock worth $85,403,303,000 after buying an additional 12,718,127 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Alphabet by 90.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 17,040,373 shares of the information services provider’s stock valued at $4,900,078,000 after buying an additional 8,112,680 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Alphabet during the 3rd quarter valued at about $1,612,704,000. Amundi raised its holdings in shares of Alphabet by 12.7% during the 1st quarter. Amundi now owns 31,745,979 shares of the information services provider’s stock valued at $9,128,850,000 after buying an additional 3,574,810 shares during the period. Finally, Jupiter Topco LLC purchased a new stake in shares of Alphabet during the 2nd quarter valued at about $1,058,385,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet News Summary

Here’s some of the latest news about GOOGL:

• Positive Sentiment: Recent coverage points to Google Cloud’s growth and Alphabet’s AI investments as potential long-term drivers. Berkshire Hathaway has also built a sizable Alphabet position, buying more than 60 million shares since Greg Abel became CEO, a notable vote of confidence. Warren Buffett’s Successor, Greg Abel, Has Nearly $110 Billion Invested in These 2 Tech Stocks
• Neutral Sentiment: Alphabet is reportedly planning its first Hong Kong- and Singapore-dollar bond sale. The deal could diversify its funding, though investors may also watch how borrowing fits with already elevated AI infrastructure spending. Alphabet Eyes Bond Sales
• Negative Sentiment: Investors remain concerned that heavy AI data-center spending could weigh on cash flow, even as the underlying cloud and advertising businesses remain attractive. This could limit near-term enthusiasm if returns on the investment take time to materialize. Alphabet: Punished For Its Cash Flow, Not Its Business

Alphabet Stock Performance

Alphabet stock opened at $298.70 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.69. Alphabet Inc. has a 12 month low of $270.70 and a 12 month high of $408.61. The company has a fifty day moving average price of $329.12 and a two-hundred day moving average price of $338.21. The company has a market cap of $3.67 trillion, a PE ratio of 15.59, a P/E/G ratio of 0.88 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.90). The business had revenue of $127.58 billion for 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%. Research analysts expect that Alphabet Inc. will post 19.81 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be issued a dividend of $0.22 per share. 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 payout ratio is 4.59%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GOOGL shares. UBS Group set a $332.00 price target on Alphabet and gave the stock a “neutral” rating in a report on Thursday, October 29th. KeyCorp dropped their price objective on shares of Alphabet from $410.00 to $385.00 and set an “overweight” rating on the stock in a research note on Thursday, October 29th. Zacks Research lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. DZ Bank raised shares of Alphabet to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $480.00 target price (up from $465.00) on shares of Alphabet in a research note on Tuesday, October 20th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Buy” and an average price target of $412.51.

Insider Activity

In other news, Director Frances Arnold sold 83 shares of the company’s stock in a transaction dated 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 transaction, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 247 shares of company stock worth $79,238 over the last three months. 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.