Alphabet Inc. $GOOG Stock Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC raised its stake in Alphabet Inc. (NASDAQ:GOOG) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,716 shares of the information services provider’s stock after acquiring an additional 3,781 shares during the period. Park Avenue Securities LLC’s holdings in Alphabet were worth $48,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Morton Brown Family Wealth LLC increased its position in Alphabet by 135.5% during 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 period. Castlekeep Investment Advisors LLC acquired a new stake in shares of Alphabet in the second quarter valued at approximately $29,000. Timbuktu Capital Management LLC acquired a new stake in shares of Alphabet in the second quarter valued at approximately $46,000. Robinswood Financial LLC purchased a new position in shares of Alphabet during the first quarter worth approximately $57,000. Finally, Commonwealth Retirement Investments LLC purchased a new position in shares of Alphabet during the second quarter worth approximately $86,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Down 1.5%

Shares of Alphabet stock opened at $278.22 on Friday. Alphabet Inc. has a one year low of $271.41 and a one year high of $404.47. The company has a market cap of $3.40 trillion, a P/E ratio of 14.52, a PEG ratio of 0.82 and a beta of 1.19. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.64 and a current ratio of 2.79. The firm has a fifty day moving average of $335.73 and a two-hundred day moving average of $338.25.

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

Key Stories Impacting Alphabet

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

Wall Street Analyst Weigh In

GOOG has been the topic of a number of recent research reports. HSBC set a $515.00 target price on shares of Alphabet in a report on Friday, August 14th. Arete Research raised their price objective on shares of Alphabet from $425.00 to $450.00 in a research report on Monday, July 6th. UBS Group restated a “reduce” rating on shares of Alphabet in a research note on Thursday. DZ Bank raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $350.00 target price on shares of Alphabet in a report on Thursday. Six investment 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $413.54.

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction dated 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 sale, the director owned 19,076 shares in the company, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 247 shares of company stock worth $79,238 over the last three months. Corporate insiders own 12.99% of the company’s stock.

Alphabet Company 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.