3,538 Alphabet Inc. $GOOGL Shares Acquired by Wedbush Securities Inc.

Wedbush Securities Inc. lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 177,524 shares of the information services provider’s stock after buying an additional 3,538 shares during the period. Alphabet accounts for approximately 1.5% of Wedbush Securities Inc.’s holdings, making the stock its 9th biggest position. Wedbush Securities Inc.’s holdings in Alphabet were worth $61,083,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vision Financial Markets LLC lifted its holdings in Alphabet by 50.0% in the third quarter. Vision Financial Markets LLC now owns 300 shares of the information services provider’s stock worth $103,000 after acquiring an additional 100 shares during the last quarter. Atala Financial Inc boosted its stake in Alphabet by 0.9% in the third quarter. Atala Financial Inc now owns 33,219 shares of the information services provider’s stock valued at $11,430,000 after acquiring an additional 302 shares during the period. Capital City Trust Co. FL boosted its stake in Alphabet by 0.6% in the third quarter. Capital City Trust Co. FL now owns 50,700 shares of the information services provider’s stock valued at $17,445,000 after acquiring an additional 281 shares during the period. Fifth Third Wealth Advisors LLC grew its holdings in shares of Alphabet by 1.2% during the third quarter. Fifth Third Wealth Advisors LLC now owns 247,898 shares of the information services provider’s stock valued at $85,297,000 after purchasing an additional 2,850 shares during the last quarter. Finally, Opulen Financial Group LLC grew its holdings in shares of Alphabet by 9.1% during the third quarter. Opulen Financial Group LLC now owns 1,829 shares of the information services provider’s stock valued at $629,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of research reports. BMO Capital Markets reiterated an “outperform” rating and set a $480.00 price target (up from $465.00) on shares of Alphabet in a research report on Tuesday, October 20th. JPMorgan Chase & Co. boosted their price objective on Alphabet from $420.00 to $425.00 and gave the company an “overweight” rating in a research report on Thursday, October 15th. Royal Bank Of Canada lowered their price objective on Alphabet from $425.00 to $400.00 and set an “outperform” rating for the company in a research note on Thursday. Rosenblatt Securities dropped their target price on Alphabet from $410.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Freedom Capital upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Buy” and an average target price of $410.46.

Alphabet Stock Performance

GOOGL opened at $279.84 on Friday. The business’s 50 day moving average is $339.07 and its 200-day moving average is $340.17. The stock has a market cap of $3.42 trillion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 0.83 and a beta of 1.21. The company has a current ratio of 2.79, a quick ratio of 2.64 and a debt-to-equity ratio of 0.19. Alphabet Inc. has a twelve month low of $270.70 and a twelve month high of $408.61.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The business had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.96 billion. On average, analysts predict that Alphabet Inc. will post 20.40 earnings per share for the current year.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the sale, the director 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 247 shares of company stock valued at $79,238. 11.61% of the stock is owned by company insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results support Alphabet’s position as a major beneficiary of enterprise AI demand. Alphabet’s Cloud Business Just Doubled
• Positive Sentiment: Several analysts remain constructive after the selloff. Guggenheim and Needham reaffirmed “buy” ratings with $450 targets, while Citigroup and Wells Fargo retained bullish ratings and projected substantial upside despite lowering their targets.
• Positive Sentiment: Alphabet’s AI ecosystem could gain from rising demand for cloud capacity and specialized chips. Waymo is also expanding internationally through a partnership with Toyota, although the business remains small relative to Alphabet’s core operations. Waymo taps Toyota to supply robotaxis
• Neutral Sentiment: Multiple securities law firms publicized class-action lawsuits and lead-plaintiff deadlines tied to alleged disclosures about Alphabet’s Gemini AI development. These notices add headline risk, but their direct financial impact remains uncertain.
• Negative Sentiment: Alphabet reported adjusted earnings of $2.12 per share, below consensus near $2.94-$3.02, while revenue of $127.6 billion also missed expectations. Search and other revenue grew about 12% to roughly $63 billion, but fell short of forecasts, reinforcing fears that AI-generated answers and “AI mode” searches may monetize less effectively than traditional Search.
• Negative Sentiment: AI infrastructure spending caused free cash flow to remain negative by roughly $9.1 billion for a second consecutive quarter. Investors are questioning whether the enormous capital outlays will produce adequate returns and whether Alphabet may need additional debt or equity financing.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment reduced quarterly earnings by approximately $0.55 per share, while an EU antitrust fine further pressured results. Analysts including RBC, Wells Fargo, Citigroup, Wedbush, KeyCorp and Cantor Fitzgerald lowered price targets, even though most maintained positive ratings.

About Alphabet

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.