9,723 Shares in Alphabet Inc. $GOOG Acquired by Steinberganna Wealth Management

Steinberganna Wealth Management acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,723 shares of the information services provider’s stock, valued at approximately $2,368,000. Alphabet makes up approximately 1.1% of Steinberganna Wealth Management’s holdings, making the stock its 19th largest position.

Several other hedge funds have also added to or reduced their stakes in the stock. IFS Advisors LLC boosted its stake in Alphabet by 400.0% in the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock worth $27,000 after purchasing an additional 120 shares in the last quarter. Robbins Farley raised its holdings in Alphabet by 60.0% in the second quarter. Robbins Farley now owns 160 shares of the information services provider’s stock worth $28,000 after buying an additional 60 shares during the last quarter. Tripletail Wealth Management LLC purchased a new position in Alphabet in the third quarter worth about $40,000. WestEnd Advisors LLC lifted its stake in shares of Alphabet by 58.7% in the second quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock worth $29,000 after buying an additional 61 shares in the last quarter. Finally, University of Illinois Foundation purchased a new stake in shares of Alphabet during the second quarter valued at approximately $31,000. 27.26% of the stock is owned by institutional investors.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $288.26, for a total value of $800,786.28. Following the completion of the sale, the chief accounting officer directly owned 11,739 shares in the company, valued at $3,383,884.14. This represents a 19.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $319.50, for a total value of $10,383,750.00. Following the completion of the transaction, the chief executive officer directly owned 2,272,119 shares in the company, valued at approximately $725,942,020.50. This represents a 1.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 192,087 shares of company stock worth $58,525,556 in the last 90 days. 12.99% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GOOG has been the topic of several analyst reports. Wolfe Research upped their price objective on Alphabet from $290.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Truist Financial set a $350.00 price target on Alphabet in a report on Friday, December 5th. Hsbc Global Res upgraded Alphabet to a “strong-buy” rating in a report on Tuesday, October 7th. Robert W. Baird boosted their target price on Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. Finally, Bank of America raised their price target on shares of Alphabet from $280.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Seven analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $318.36.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Apple deal and $4T milestone reinforce AI leadership and potential recurring licensing revenue (analysts estimate ~ $1B/year), widening Gemini’s distribution across Apple devices and validating Alphabet’s monetization path. Alphabet reaches $4 trillion valuation
• Positive Sentiment: Google launched “Personal Intelligence” in the Gemini app (beta), a feature that integrates user data across apps to deliver more personalized answers — a product lever that could boost engagement, search/ad relevance and paid AI services over time. Google Personal Intelligence launch
• Positive Sentiment: Wall Street momentum: several bullish takes and price-target raises (including analyst upgrades and high-profile bulls like Jim Cramer) are supporting investor demand and helping push shares to record levels. This fuels momentum-driven buying and options activity. Analysts see AI-fueled upside
• Neutral Sentiment: Reputational/regulatory pressure — advocacy groups urged Apple and Google to remove X and Grok from app stores; this raises content-moderation scrutiny but is unlikely to hit Alphabet’s core revenue near term. Advocacy groups call on app stores to drop X and Grok
• Negative Sentiment: Grid/connectivity bottlenecks for U.S. transmission are delaying data‑center hookups in some regions (waits >10 years in spots). That constraint can slow Google Cloud capacity expansion, raise capital and operating costs (on-site generation, storage), and cap near-term cloud growth if not addressed. Grid is biggest challenge for connecting data centers
• Positive Sentiment: Supply-chain/manufacturing move — reports Google will develop/high-end smartphones in Vietnam, which could lower device costs and broaden hardware strategy tied to its ecosystem and Gemini distribution. Google to develop and manufacture smartphones in Vietnam

Alphabet Trading Down 0.0%

Shares of NASDAQ:GOOG opened at $336.31 on Thursday. The stock’s 50-day simple moving average is $310.07 and its two-hundred day simple moving average is $253.40. The stock has a market capitalization of $4.06 trillion, a price-to-earnings ratio of 33.17, a PEG ratio of 1.86 and a beta of 1.09. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $341.20. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, beating the consensus estimate of $2.29 by $0.58. The firm had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.12 EPS. Analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is currently 8.28%.

About Alphabet

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.