15,653 Shares in Alphabet Inc. $GOOG Purchased by McCollum Christoferson Group LLC

McCollum Christoferson Group LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOG) during the third quarter, HoldingsChannel.com reports. The fund purchased 15,653 shares of the information services provider’s stock, valued at approximately $5,334,000. Alphabet comprises about 0.8% of McCollum Christoferson Group LLC’s investment portfolio, making the stock its 27th biggest holding.

Several other hedge funds have also modified their holdings of the company. Sax Wealth Advisors LLC lifted its position in Alphabet by 105.5% during the third quarter. Sax Wealth Advisors LLC now owns 62,656 shares of the information services provider’s stock valued at $21,349,000 after purchasing an additional 32,167 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its stake in shares of Alphabet by 95.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 94,364 shares of the information services provider’s stock worth $32,542,000 after acquiring an additional 46,060 shares during the last quarter. Consolidated Capital Management LLC boosted its stake in shares of Alphabet by 6.1% during the third quarter. Consolidated Capital Management LLC now owns 4,354 shares of the information services provider’s stock valued at $1,484,000 after purchasing an additional 251 shares during the period. Integrated Financial Solutions Inc. grew its stake in Alphabet by 6.2% in the 3rd quarter. Integrated Financial Solutions Inc. now owns 721 shares of the information services provider’s stock worth $246,000 after acquiring an additional 42 shares in the last quarter. Finally, Sacks & Associates LLC purchased a new position in Alphabet during the 3rd quarter worth $1,247,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

GOOG stock traded up $1.99 during midday trading on Tuesday, reaching $350.96. The stock had a trading volume of 6,730,952 shares, compared to its average volume of 20,267,902. The company’s fifty day simple moving average is $342.49 and its 200 day simple moving average is $347.52. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The company has a market cap of $4.29 trillion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.01 and a beta of 1.19. Alphabet Inc. has a 52-week low of $241.18 and a 52-week high of $404.47.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. The business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.31 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 20.54 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google launched Gemini 4 Argon, a flagship AI model for developers, businesses and paying users. The model is being positioned as particularly strong in coding and finance and legal knowledge work, reinforcing Alphabet’s effort to compete in the rapidly growing generative-AI market. Google launches flagship AI model Gemini 4 Argon for developers and businesses
• Positive Sentiment: An analyst said Alphabet’s internally developed AI chips could unlock as much as $100 billion in value by 2028. In-house chips could reduce dependence on outside suppliers, improve AI economics and create a potentially meaningful new revenue stream. Alphabet could unlock $100 billion from AI chips by 2028
• Positive Sentiment: BNP Paribas raised its price target for Alphabet, adding to bullish analyst expectations ahead of the company’s third-quarter results. Investors are watching Google Cloud growth, AI monetization and capital spending for evidence that recent investments are producing returns. Google stock gets a price target boost
• Positive Sentiment: Google Play will let users privately install personal, “vibe-coded” Android applications without publishing them publicly. The feature could encourage experimentation with AI-generated software and increase engagement with Google Play and Android. Google Play now supports private vibe-coded apps
• Neutral Sentiment: Alphabet’s 3.59-gigawatt nuclear power agreement with Constellation supports the electricity needs of its AI data centers and may improve long-term capacity planning, but it also underscores the substantial cost of expanding AI infrastructure. Google and Constellation sign nuclear power deal
• Negative Sentiment: Several law firms are publicizing a securities class action alleging Alphabet misrepresented the development progress of its Gemini 3.5 Pro model, including coding and training-data setbacks. The litigation creates headline and potential financial risk, although the allegations have not been proven. Alphabet securities fraud class action announcement
• Negative Sentiment: Commentary questioning whether Alphabet’s strong reported earnings benefited from non-operating gains, while data-center spending exceeded operating cash generation, highlights execution and free-cash-flow risks. Investors may remain cautious until the upcoming earnings report clarifies AI spending returns.

Insider Transactions 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 on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction on 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 sale, the director directly owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 441,399 shares of company stock worth $8,677,053 in the last ninety days. Insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the subject of several recent research reports. UBS Group restated an “overweight” rating on shares of Alphabet in a report on Tuesday, October 6th. Barclays reissued an “overweight” rating and issued a $425.00 price objective (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Cantor Fitzgerald reissued an “overweight” rating and set a $420.00 target price (down from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Tigress Financial increased their price objective on Alphabet from $415.00 to $485.00 and gave the company a “strong-buy” rating in a report on Friday, September 18th. Finally, KeyCorp restated an “overweight” rating and set a $435.00 target price on shares of Alphabet in a research report on Thursday, October 1st. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $421.95.

Alphabet Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet’s chief executive officer and also leads Google.

Google is Alphabet’s primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.