Avidian Wealth Enterprises LLC Raises Stake in Alphabet Inc. $GOOGL

Avidian Wealth Enterprises LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 8.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,015 shares of the information services provider’s stock after acquiring an additional 4,835 shares during the quarter. Alphabet accounts for about 0.6% of Avidian Wealth Enterprises LLC’s portfolio, making the stock its 29th biggest holding. Avidian Wealth Enterprises LLC’s holdings in Alphabet were worth $22,026,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. State Street Corp boosted its holdings in Alphabet by 5.6% during 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 in the last quarter. Diamant Asset Management Inc. increased its holdings in shares of Alphabet by 28,950.0% in the first quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider’s stock valued at $2,671,986,000 after buying an additional 9,259,940 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings 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. Corient Private Wealth LLC lifted its position in shares of Alphabet by 127.9% during the 4th quarter. Corient Private Wealth LLC now owns 11,677,886 shares of the information services provider’s stock valued at $3,655,178,000 after acquiring an additional 6,554,842 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake in shares of Alphabet by 45.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,737,125 shares of the information services provider’s stock worth $4,299,721,000 after acquiring an additional 4,313,745 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

More Alphabet News

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

Insider Buying and Selling

In related news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction on Wednesday, July 29th. The stock was 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 trade represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frances Arnold sold 83 shares of the company’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the transaction, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 441,399 shares of company stock worth $8,677,053. Corporate insiders own 11.61% of the company’s stock.

Alphabet Stock Down 0.5%

NASDAQ GOOGL traded down $1.88 during trading on Thursday, reaching $348.62. 11,574,377 shares of the company’s stock were exchanged, compared to its average volume of 30,705,229. 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 fifty-two week low of $235.84 and a fifty-two week high of $408.61. The company’s fifty day simple moving average is $345.69 and its 200-day simple moving average is $348.83. The firm has a market capitalization of $4.26 trillion, a PE ratio of 17.51, a P/E/G ratio of 1.01 and a beta of 1.21.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 54.77% and a return on equity of 51.32%. Sell-side analysts predict that Alphabet Inc. will post 20.55 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is currently 4.42%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GOOGL. Benchmark reaffirmed a “buy” rating on shares of Alphabet in a report on Thursday, October 1st. Morgan Stanley set a $400.00 price target on Alphabet and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Roth Capital restated a “buy” rating and set a $440.00 price objective (up from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Phillip Securities raised shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 27th. Finally, DZ Bank upgraded shares of Alphabet to a “strong-buy” rating in a report on Thursday, July 23rd. Five investment 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $425.72.

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.