Alphabet Inc. $GOOG Shares Sold by WESPAC Advisors LLC

WESPAC Advisors LLC decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 45.1% during the third quarter, HoldingsChannel.com reports. The firm owned 2,513 shares of the information services provider’s stock after selling 2,062 shares during the quarter. WESPAC Advisors LLC’s holdings in Alphabet were worth $856,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Morton Brown Family Wealth LLC raised its holdings in Alphabet by 135.5% in the third quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider’s stock worth $25,000 after buying an additional 42 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in shares of Alphabet during the second quarter valued at approximately $29,000. Timbuktu Capital Management LLC purchased a new stake in shares of Alphabet during the second quarter valued at approximately $46,000. Robinswood Financial LLC purchased a new stake in shares of Alphabet during the first quarter valued at approximately $57,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in shares of Alphabet during the second quarter valued at approximately $86,000. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG stock opened at $278.22 on Friday. The company has a quick ratio of 2.64, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average price of $335.73 and a 200-day moving average price of $338.25. Alphabet Inc. has a 52 week low of $271.41 and a 52 week high of $404.47. The firm 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 issued its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.89). The company had revenue of $127.58 billion for the quarter, compared to the consensus estimate of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The firm’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter last year, the company earned $2.87 EPS. As a group, equities research analysts expect that Alphabet Inc. will post 20.40 earnings per share for the current year.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of the business’s stock in a transaction on Wednesday, September 30th. The shares were 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 in the company, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 247 shares of company stock valued at $79,238. Insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

GOOG has been the subject of a number of recent analyst reports. Arete Research boosted their price objective on shares of Alphabet from $425.00 to $450.00 in a report on Monday, July 6th. UBS Group reiterated a “reduce” rating on shares of Alphabet in a research note on Thursday. Scotiabank reissued a “sector outperform” rating and issued a $375.00 target price (down from $450.00) on shares of Alphabet in a report on Thursday. Wells Fargo & Company reissued an “overweight” rating and issued a $371.00 target price on shares of Alphabet in a report on Friday. Finally, Bank of America restated a “buy” rating on shares of Alphabet in a research note on Thursday. Six analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $413.54.

More 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.