Summit Wealth Group LLC Co. Buys 11,351 Shares of Alphabet Inc. $GOOG

Summit Wealth Group LLC Co. grew its stake in Alphabet Inc. (NASDAQ:GOOG) by 123.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 20,520 shares of the information services provider’s stock after acquiring an additional 11,351 shares during the period. Summit Wealth Group LLC Co.’s holdings in Alphabet were worth $6,992,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Kuhn & Co Investment Counsel grew its stake in shares of Alphabet by 2.9% in the third quarter. Kuhn & Co Investment Counsel now owns 2,598 shares of the information services provider’s stock worth $885,000 after acquiring an additional 73 shares in the last quarter. Landaas & Co. WI ADV raised its stake in shares of Alphabet by 4.0% in the third quarter. Landaas & Co. WI ADV now owns 2,009 shares of the information services provider’s stock valued at $685,000 after acquiring an additional 78 shares in the last quarter. TSG Advice Partners LLC acquired a new stake in shares of Alphabet in the third quarter valued at $6,568,000. Independence Wealth Advisors LLC purchased a new position in Alphabet in the third quarter valued at $1,318,000. Finally, One Way Holdings LLC boosted its holdings in Alphabet by 26.6% in the third quarter. One Way Holdings LLC now owns 6,076 shares of the information services provider’s stock valued at $2,070,000 after purchasing an additional 1,275 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOOG has been the subject of several analyst reports. Scotiabank reissued a “sector outperform” rating and set a $375.00 target price (down from $450.00) on shares of Alphabet in a research note on Thursday, October 29th. Canaccord Genuity Group set a $450.00 price target on Alphabet in a research report on Thursday, July 23rd. TD Cowen reiterated a “buy” rating and issued a $460.00 price objective (down from $485.00) on shares of Alphabet in a research note on Thursday, October 29th. Zacks Research downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Susquehanna restated a “positive” rating and set a $400.00 target price on shares of Alphabet in a research note on Thursday, October 29th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $413.38.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $287.30 on Thursday. The stock’s 50-day simple moving average is $332.01 and its 200-day simple moving average is $337.44. The firm has a market capitalization of $3.51 trillion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21. Alphabet Inc. has a fifty-two week low of $271.41 and a fifty-two week high of $404.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.89). The company had revenue of $127.58 billion for the quarter, compared to analysts’ expectations of $127.97 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The firm’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.87 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 19.80 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Monday, December 7th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 7th. Alphabet’s dividend payout ratio is presently 4.59%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI momentum: A venture-capital investor ranked Alphabet’s Gemini as the leading AI model, supporting optimism about the company’s ability to compete in AI and potentially attract usage and spending. Top VC: The Best AI Models Take “80% Plus” of Spend. And Alphabet’s Gemini Just Ranked No. 1
• Positive Sentiment: Long-term infrastructure growth: Google plans to invest $15 billion in Malaysia over two years to expand data-center capacity and support regional AI and cloud demand. The investment could help grow future revenue, though it adds to near-term capital needs. Google to Invest $15 Billion in Malaysia Over Two Years
• Neutral Sentiment: Election-driven rally: Reports attributed the rebound in Alphabet and other mega-cap technology shares to a broad post-election market rally. The result may have eased some near-term concern about data-center policy, although regulatory uncertainty remains. Why Alphabet Stock Popped on Wednesday
• Negative Sentiment: Heavy AI investment weighs on cash flow: Recent coverage highlighted declining free cash flow and rising infrastructure costs, tempering the growth story. Investors remain focused on whether cloud and AI returns will justify the spending. Alphabet’s Free Cash Flow Is Declining Faster Than Analysts Expected
• Negative Sentiment: School Search policy backlash and litigation: Google’s plan tying school access to Search with AI settings drew criticism from politicians and prompted competing search services to target schools. Separately, a securities class action alleges investors were misled about Gemini 3.5 Pro’s progress; the claims are allegations, but add legal and reputational uncertainty. Google faces backlash for plan that would turn off Search for schools that restrict AI

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 83 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 247 shares of company stock worth $79,238. 12.99% of the stock is currently owned by company insiders.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google’s principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.