Alphabet Inc. $GOOGL Stock: RWQ Financial Management Services Inc. Grows Position

RWQ Financial Management Services Inc. boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 38.1% during the third quarter, Holdings Channel reports. The institutional investor owned 36,460 shares of the information services provider’s stock after buying an additional 10,059 shares during the period. Alphabet makes up 7.0% of RWQ Financial Management Services Inc.’s portfolio, making the stock its 2nd biggest holding. RWQ Financial Management Services Inc.’s holdings in Alphabet were worth $12,545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. James Hambro & Partners LLP increased its stake in shares of Alphabet by 11.4% during the 3rd quarter. James Hambro & Partners LLP now owns 43,716 shares of the information services provider’s stock valued at $15,046,000 after acquiring an additional 4,461 shares during the last quarter. Richards Merrill & Peterson Inc. lifted its holdings in shares of Alphabet by 8.6% during the 3rd quarter. Richards Merrill & Peterson Inc. now owns 27,870 shares of the information services provider’s stock worth $9,590,000 after acquiring an additional 2,208 shares during the period. New Wave Wealth Advisors LLC lifted its holdings in shares of Alphabet by 7.0% during the 3rd quarter. New Wave Wealth Advisors LLC now owns 10,195 shares of the information services provider’s stock worth $3,607,000 after acquiring an additional 669 shares during the period. Talbot Financial LLC lifted its holdings in shares of Alphabet by 0.3% during the 3rd quarter. Talbot Financial LLC now owns 14,492 shares of the information services provider’s stock worth $4,986,000 after acquiring an additional 49 shares during the period. Finally, Prairie Advisory LLC boosted its position in shares of Alphabet by 99.5% in the third quarter. Prairie Advisory LLC now owns 17,102 shares of the information services provider’s stock worth $5,885,000 after acquiring an additional 8,529 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud and AI demand remain key bullish factors. Coverage highlights accelerating Google Cloud growth, expanding demand for AI infrastructure, and Alphabet’s Gemini models and in-house chips as potential drivers of future revenue and margins. OpenAI’s decision to make its models available through Google Cloud could also increase enterprise cloud usage. OpenAI to bring AI models to Google’s cloud
• Positive Sentiment: Some analysts see substantial upside. Bullish commentary points to strong search and cloud fundamentals, a lower valuation than many large technology peers, and potential upside if Alphabet demonstrates that AI spending is translating into durable growth. TikTok’s reported shift of advertising toward YouTube may provide an additional, though smaller, benefit. Alphabet could still have room to run
• Positive Sentiment: Citizens JMP maintained an outperform rating. The firm lowered its price target from $515 to $450, but the revised target still implies considerable potential appreciation from current levels. Banking giant cuts Google stock price target

Alphabet Stock Performance

NASDAQ GOOGL opened at $324.22 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. Alphabet Inc. has a 1-year low of $251.85 and a 1-year high of $408.61. The firm has a market capitalization of $3.97 trillion, a P/E ratio of 16.28, a P/E/G ratio of 0.97 and a beta of 1.21. The business’s 50-day simple moving average is $343.31 and its 200-day simple moving average is $353.04.

Alphabet (NASDAQ:GOOGL) last posted its 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. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. Equities analysts predict that Alphabet Inc. will post 20.60 EPS for the current year.

Insider Buying and Selling at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Marsida Saraci sold 449 shares of the 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 directly owned 27,386 shares of the company’s stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 315,765 shares of company stock valued at $6,297,980 over the last ninety days. Corporate insiders own 11.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GOOGL shares. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a report on Thursday, October 15th. Roth Capital reaffirmed a “buy” rating and set a $440.00 price target (up from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Zacks Research downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Evercore reiterated an “outperform” rating and issued a $450.00 price target on shares of Alphabet in a report on Wednesday, September 16th. Finally, Freedom Capital raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $425.04.

Alphabet Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.