Alphabet Inc. $GOOGL Shares Purchased by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,836 shares of the information services provider’s stock after purchasing an additional 2,206 shares during the quarter. Alphabet makes up 4.2% of Steel Grove Capital Advisors LLC’s portfolio, making the stock its 5th biggest holding. Steel Grove Capital Advisors LLC’s holdings in Alphabet were worth $64,287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. State Street Corp boosted its stake in Alphabet by 5.6% in the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider’s stock worth $85,403,303,000 after purchasing an additional 12,718,127 shares during the period. Invesco Ltd. raised its position in shares of Alphabet by 0.5% during the fourth quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider’s stock valued at $14,208,470,000 after buying an additional 208,362 shares during the last quarter. Amundi raised its position in shares of Alphabet by 4.6% during the second quarter. Amundi now owns 33,203,350 shares of the information services provider’s stock valued at $11,865,809,000 after buying an additional 1,457,371 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Alphabet by 10.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider’s stock valued at $6,334,186,000 after buying an additional 1,631,721 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Alphabet by 11.9% in the fourth quarter. Hsbc Holdings PLC now owns 16,466,253 shares of the information services provider’s stock worth $5,154,034,000 after buying an additional 1,749,161 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

Shares of Alphabet stock traded up $2.48 during trading hours on Tuesday, reaching $355.20. The company’s stock had a trading volume of 12,799,082 shares, compared to its average volume of 30,548,918. The firm has a 50 day moving average price of $345.48 and a 200-day moving average price of $349.96. Alphabet Inc. has a one year low of $240.51 and a one year high of $408.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The stock has a market cap of $4.34 trillion, a P/E ratio of 17.84, a P/E/G ratio of 1.02 and a beta of 1.21.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $117.07 billion. On average, analysts predict that Alphabet Inc. will post 20.54 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders 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 0.2%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet’s payout ratio is presently 4.42%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Gemini 4 Argon launch strengthens Alphabet’s AI position. Google began rolling out its latest flagship model to paying users, highlighting capabilities in coding, finance and legal work. The release may ease concerns about competition from Anthropic and other AI developers. Google launches flagship AI model Gemini 4 Argon
• Positive Sentiment: Analysts see a major opportunity in Alphabet’s internally developed AI chips. One estimate suggests the chip business could unlock as much as $100 billion in value by 2028, while investors continue to watch Google Cloud growth, AI demand and capital spending. Alphabet could unlock $100 billion from AI chips
• Positive Sentiment: Google is expanding its ecosystem. Private app distribution through Google Play and new Fitbit health products could increase Android engagement, subscriptions and long-term platform monetization. Google Play private apps
• Neutral Sentiment: Investors remain divided over AI spending. Alphabet’s cloud backlog and AI adoption support the growth outlook, but the company is committing heavily to data centers. Reported second-quarter EPS benefited substantially from a paper gain, raising questions about how quickly investments are translating into operating cash flow. Alphabet cloud growth and paper EPS gain
• Negative Sentiment: Several law firms are promoting securities-fraud litigation against Alphabet. The lawsuits allege that Alphabet misrepresented progress on its Gemini 3.5 Pro model before a sharp stock decline. The claims create legal and reputational overhang, although no outcome has been determined. Alphabet securities-fraud class action

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research report on Friday, July 17th. Evercore reiterated an “outperform” rating and issued a $450.00 price target on shares of Alphabet in a report on Wednesday, September 16th. Wall Street Zen downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. BMO Capital Markets set a $465.00 price target on shares of Alphabet and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Finally, DZ Bank raised shares of Alphabet to a “strong-buy” rating in a report on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Buy” and an average target price of $425.72.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction that occurred 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 441,399 shares of company stock worth $8,677,053 over the last ninety days. Company insiders own 11.61% of the company’s stock.

About Alphabet

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.