Alphabet Inc. $GOOG Stock Bought by Phoenix Financial Ltd.

Phoenix Financial Ltd. grew its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 899,189 shares of the information services provider’s stock after buying an additional 37,329 shares during the quarter. Alphabet accounts for 2.0% of Phoenix Financial Ltd.’s investment portfolio, making the stock its 14th largest holding. Phoenix Financial Ltd.’s holdings in Alphabet were worth $305,226,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GOOG. Hansen & Associates Financial Group Inc. grew its holdings in Alphabet by 18.9% during the third quarter. Hansen & Associates Financial Group Inc. now owns 8,355 shares of the information services provider’s stock worth $2,881,000 after acquiring an additional 1,330 shares during the period. Rasp Wealth Solutions LLC raised its position in Alphabet by 30.8% in the third quarter. Rasp Wealth Solutions LLC now owns 6,309 shares of the information services provider’s stock worth $2,150,000 after acquiring an additional 1,487 shares in the last quarter. MSH Capital Advisors LLC raised its position in Alphabet by 22.0% in the third quarter. MSH Capital Advisors LLC now owns 5,527 shares of the information services provider’s stock worth $1,877,000 after acquiring an additional 995 shares in the last quarter. Cornerstone Advisory LLC raised its position in Alphabet by 47.5% in the third quarter. Cornerstone Advisory LLC now owns 42,420 shares of the information services provider’s stock worth $14,454,000 after acquiring an additional 13,658 shares in the last quarter. Finally, Ibex Wealth Advisors lifted its holdings in Alphabet by 25.3% in the third quarter. Ibex Wealth Advisors now owns 3,541 shares of the information services provider’s stock valued at $1,207,000 after acquiring an additional 716 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Price Performance

Shares of GOOG stock traded down $2.83 during trading hours on Friday, hitting $292.52. The company’s stock had a trading volume of 18,439,258 shares, compared to its average volume of 26,699,732. The business has a fifty day moving average of $325.11 and a 200-day moving average of $335.97. The stock has a market cap of $3.60 trillion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 0.90 and a beta of 1.21. 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 2.69 and a debt-to-equity ratio of 0.19.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.89). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The company had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.97 billion. During the same quarter in the prior year, the firm earned $2.87 earnings per share. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. As a group, equities research analysts anticipate that Alphabet Inc. will post 19.74 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, December 7th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet’s dividend payout ratio is 4.59%.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several research analyst reports. Piper Sandler restated an “overweight” rating and set a $345.00 target price on shares of Alphabet in a research report on Thursday, October 29th. HSBC set a $515.00 price target on shares of Alphabet in a research note on Friday, August 14th. Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet in a report on Monday, August 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $375.00 price objective on shares of Alphabet in a research note on Thursday, October 29th. Finally, Truist Financial set a $410.00 price objective on shares of Alphabet in a report on Thursday, October 29th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $413.38.

Insider Buying and Selling

In other Alphabet news, 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 transaction of $28,257.35. Following the completion of the transaction, the director owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders sold 247 shares of company stock worth $79,238. 12.99% of the stock is currently owned by corporate insiders.

Alphabet News Roundup

Here’s some of the latest news about GOOG:

• Positive Sentiment: Nvidia CEO Jensen Huang’s abrupt departure has investors considering alternatives to Nvidia. Alphabet could benefit through its TPUs; reports say nearly 100 customers use Google’s custom AI chips, and HSBC has set a $360 price target. Any market-share gains remain prospective. Article
• Neutral Sentiment: Google and Samsung are opening preorders for AI smart glasses. The launch extends Google’s AI ecosystem, but its near-term revenue impact is unclear and privacy concerns remain. Article
• Negative Sentiment: Alphabet’s planned AI infrastructure spending—reported at up to $205 billion this year—could weigh on returns if growth does not justify the cost. A separate lawsuit seeking to halt frontier-AI development also adds regulatory uncertainty. Article

Alphabet Company Profile

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer. Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.