Alphabet Inc. $GOOG Stock: Oppenheimer & Co. Inc. Raises Position

Oppenheimer & Co. Inc. raised its stake in Alphabet Inc. (NASDAQ:GOOG) by 2.9% during the third quarter, Holdings Channel.com reports. The firm owned 473,492 shares of the information services provider’s stock after purchasing an additional 13,333 shares during the quarter. Alphabet accounts for about 1.7% of Oppenheimer & Co. Inc.’s portfolio, making the stock its 6th largest position. Oppenheimer & Co. Inc.’s holdings in Alphabet were worth $161,338,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GOOG. Providence Wealth Advisors LLC increased its stake in shares of Alphabet by 0.3% during the first quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider’s stock worth $3,094,000 after buying an additional 29 shares during the period. One Charles Private Wealth Services LLC raised its holdings in Alphabet by 0.6% in the first quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider’s stock valued at $1,390,000 after acquiring an additional 29 shares in the last quarter. Wisconsin Wealth Advisors LLC lifted its stake in Alphabet by 1.3% in the second quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider’s stock worth $785,000 after acquiring an additional 29 shares during the last quarter. Cypress Financial Planning LLC lifted its stake in Alphabet by 1.3% in the third quarter. Cypress Financial Planning LLC now owns 2,198 shares of the information services provider’s stock worth $749,000 after acquiring an additional 29 shares during the last quarter. Finally, Johnson Wealth Management LLC lifted its stake in Alphabet by 1.7% in the second quarter. Johnson Wealth Management LLC now owns 1,842 shares of the information services provider’s stock worth $651,000 after acquiring an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Citic Securities increased their price objective on shares of Alphabet from $430.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Freedom Capital upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Stifel Nicolaus set a $485.00 price objective on shares of Alphabet in a research report on Thursday, October 8th. HSBC set a $515.00 target price on shares of Alphabet in a research note on Friday, August 14th. Finally, TD Cowen reiterated a “buy” rating and set a $460.00 target price (down from $485.00) on shares of Alphabet in a research note on Thursday. Six equities research 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 an average rating of “Moderate Buy” and an average price target of $413.54.

Alphabet Stock Down 1.5%

Shares of NASDAQ:GOOG opened at $278.22 on Friday. The firm has a 50 day simple moving average of $335.73 and a 200-day simple moving average of $338.25. Alphabet Inc. has a twelve month low of $271.41 and a twelve month high of $404.47. The company has a current ratio of 2.79, a quick ratio of 2.64 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $3.40 trillion, a PE ratio of 14.52, a P/E/G ratio of 0.82 and a beta of 1.19.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.89). The company had revenue of $127.58 billion during the quarter, compared to analysts’ expectations of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The company’s quarterly revenue was up 24.7% on a year-over-year basis. During the same period last year, the business earned $2.87 earnings per share. On average, equities analysts predict that Alphabet Inc. will post 20.40 EPS for the current fiscal year.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 83 shares of the company’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the transaction, the director owned 19,076 shares in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 247 shares of company stock valued at $79,238 over the last three months. 12.99% of the stock is owned by insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered exceptional growth. Revenue more than doubled year over year to approximately $30.7 billion, while operating margins expanded and the backlog reached roughly $561 billion. This supports the view that Alphabet’s AI investments are generating demand. Alphabet Cloud Business Article
• Positive Sentiment: Alphabet’s AI platform may create new revenue streams. OpenAI reportedly plans to use Google’s tensor-processing units, while Gemini performance and expanding AI Search advertising could help Alphabet compete in the AI infrastructure market. Analysts including Goldman Sachs and JPMorgan remain constructive, despite lowering price targets. OpenAI Google AI Chips Article
• Positive Sentiment: Valuation has become more attractive. Reports place GOOG’s price-to-earnings ratio near 14.6, the lowest level in many years, prompting some investors to characterize the selloff as a potential long-term buying opportunity. Google Valuation Article
• Neutral Sentiment: Waymo is expanding internationally. Alphabet’s autonomous-driving unit will test Toyota bZ4X robotaxis in Japan and the U.K., but the business remains small and cash-burning. Waymo Toyota Partnership Article
• Negative Sentiment: Quarterly results missed expectations. Alphabet reported approximately $2.12 in earnings per share and $127.6 billion in revenue, below consensus forecasts. Search revenue grew but missed estimates, and AI-powered searches are reportedly harder to monetize than traditional searches. Alphabet Search Earnings Article
• Negative Sentiment: AI spending is straining cash flow. Capital expenditures and infrastructure commitments pushed free cash flow approximately $9 billion negative for the quarter, raising concerns about returns on Alphabet’s enormous AI investment program and potential financing or dilution. Tech Giants AI Spending Article
• Negative Sentiment: Additional earnings pressure came from investments and legal risk. An unrealized loss on Alphabet’s SpaceX stake reduced earnings, while multiple law firms publicized securities class-action deadlines tied to alleged AI disclosures. These lawsuits are largely investor notices, but they add reputational and headline risk. Alphabet Class Action Notice

Alphabet 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.