Alphabet Inc. $GOOGL Shares Purchased by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 29.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 650,430 shares of the information services provider’s stock after purchasing an additional 149,153 shares during the quarter. Alphabet makes up approximately 10.4% of Quintet Private Bank Europe S.A.’s holdings, making the stock its 3rd biggest position. Quintet Private Bank Europe S.A.’s holdings in Alphabet were worth $223,800,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Alphabet by 5.6% during the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock worth $85,403,303,000 after purchasing an additional 12,718,127 shares during the last quarter. Invesco Ltd. lifted 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 during the last quarter. Amundi boosted its holdings in Alphabet by 4.6% in the second quarter. Amundi now owns 33,203,350 shares of the information services provider’s stock worth $11,865,809,000 after purchasing an additional 1,457,371 shares in the last quarter. Nuveen LLC boosted its holdings in Alphabet by 1.7% in the fourth 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. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Alphabet by 10.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider’s stock worth $6,334,186,000 after buying an additional 1,631,721 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several recent analyst reports. Wedbush reiterated an “outperform” rating and set a $445.00 price target on shares of Alphabet in a research note on Thursday, July 23rd. Phillip Securities upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 27th. KeyCorp upped their target price on Alphabet from $425.00 to $445.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. DZ Bank upgraded Alphabet to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, Evercore reissued an “outperform” rating and issued a $450.00 price target on shares of Alphabet in a research report on Wednesday, September 16th. Five research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Alphabet presently has a consensus rating of “Buy” and a consensus price target of $425.72.

Insider Buying and Selling at Alphabet

In related news, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the transaction, the chief accounting officer owned 27,386 shares of the company’s stock, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The disclosure for this sale is available in the SEC filing. Insiders have sold 441,399 shares of company stock valued at $8,677,053 in the last 90 days. 11.61% of the stock is currently owned by company insiders.

Alphabet Stock Performance

NASDAQ:GOOGL traded down $1.31 during mid-day trading on Thursday, hitting $349.19. 10,846,290 shares of the company’s stock traded hands, compared to its average volume of 30,703,777. The firm has a market capitalization of $4.27 trillion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21. The firm has a 50 day moving average of $345.69 and a two-hundred day moving average of $348.83. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12 month low of $235.84 and a 12 month high of $408.61.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. On average, equities analysts forecast that Alphabet Inc. will post 20.55 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet’s payout ratio is 4.42%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analyst optimism remains a major support. Needham reaffirmed its Buy rating and set a $450 price target, while reports indicate all 56 analysts covering Alphabet are bullish with no Sell ratings. Analysts cite strong margins, cloud growth and AI expansion as reasons for further upside. Alphabet Price Prediction: 56 Analysts Bullish, Zero Sells
• Positive Sentiment: Alphabet’s AI ecosystem continues to expand. Google and Unity launched an AI-powered game-creation platform that could broaden Google Play engagement and create new monetization opportunities. Google also added direct purchasing for eligible Newegg products through Gemini and AI Mode, providing an early test of conversational commerce. Google and Unity Team to Let Users Build Their Own Games
• Positive Sentiment: Waymo secured $5 billion in financing from lenders including Blackstone, PIMCO and Sixth Street. The funding supports robotaxi expansion and strengthens the case that Alphabet’s autonomous-driving unit can scale commercially without immediate reliance on parent-company funding. Waymo locks in $5B loan
• Positive Sentiment: Isomorphic Labs may command a $40 billion-to-$50 billion valuation in a potential funding round, highlighting the value of Alphabet’s AI drug-discovery assets. Google’s long-term nuclear power agreement with Constellation Energy also supports data-center capacity, although it adds to infrastructure commitments.
• Neutral Sentiment: Investors are monitoring AI spending efficiency. Alphabet is increasing capital expenditures to support data centers, but free cash flow reportedly turned negative and long-term debt has risen, raising questions about whether AI investment will produce sufficient external revenue and returns.
• Negative Sentiment: Multiple law firms are promoting a securities class action alleging that Alphabet and senior executives failed to disclose issues involving the expected Gemini 3.5 Pro launch and training results. The litigation creates reputational and potential financial risks, though the allegations have not been proven. Alphabet Shareholder Alert
• Negative Sentiment: Criticism that Google is lagging in AI-assisted coding underscores competitive risks for Gemini, while a temporary halt to two Finnish data-center projects because of environmental-assessment concerns could delay capacity expansion. How Google missed the AI coding boom

Alphabet 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.