Victory Financial Group LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 64.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 35,594 shares of the information services provider’s stock after purchasing an additional 14,002 shares during the period. Alphabet comprises 1.1% of Victory Financial Group LLC’s investment portfolio, making the stock its 19th largest position. Victory Financial Group LLC’s holdings in Alphabet were worth $12,247,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. EMC Capital Management purchased a new stake in Alphabet during the 2nd quarter valued at $35,000. Core Capital Management & Research inc. bought a new stake in shares of Alphabet in the 2nd quarter worth $41,000. Intelligent Financial Strategies purchased a new position in shares of Alphabet in the third quarter worth $41,000. Premier Financial Group purchased a new position in shares of Alphabet in the second quarter worth $45,000. Finally, Graney & King LLC raised its stake in shares of Alphabet by 38.5% in the second quarter. Graney & King LLC now owns 180 shares of the information services provider’s stock worth $64,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.
Insider Transactions at Alphabet
In related news, Director Frances Arnold sold 83 shares of the business’s stock in a transaction that occurred 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 247 shares of company stock worth $79,238 in the last three months. Insiders own 11.61% of the company’s stock.
More Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google plans to invest $17 billion in a Wyoming data center, adding capacity to serve AI demand. Google’s credit backstop for Anthropic’s $19 billion TeraWulf data-center lease may also help secure future AI infrastructure. The commitments support growth, though they require substantial capital. Alphabet’s Google Plans $17 Billion Investment in Wyoming Data Center
- Neutral Sentiment: Google, Meta and TikTok sued California to block a law restricting features considered addictive for users under 16. A successful challenge could limit regulatory constraints, but the outcome is uncertain and the dispute adds scrutiny of social-media practices. Meta, Google, and TikTok sue California AG over teen social media law
- Negative Sentiment: Investors remain concerned that AI infrastructure spending is pressuring free cash flow and margins. The $17 billion Wyoming project reinforces Google’s growth ambitions but could intensify worries about the scale and payoff of capital spending. Alphabet’s Free Cash Flow Is Declining Faster Than Analysts Expected
- Negative Sentiment: A new lawsuit alleges a student used Google AI on a school Chromebook while planning a suicide attempt. The allegations are unproven, but the case could heighten reputational, product-safety and legal risks amid broader concerns about children’s online safety. Google faces claims student used AI chat on US school laptop to plan suicide attempt
- Negative Sentiment: Google has drawn backlash over a policy that would deny Search access to schools that restrict its AI tools, potentially damaging trust and inviting further scrutiny. Separately, law firms are publicizing a securities class action alleging misleading statements about Gemini 3.5 Pro; the claims are allegations, not findings, but add legal overhang. Google faces backlash for plan that would turn off Search for schools that restrict AI
Alphabet Trading Down 2.2%
Shares of NASDAQ:GOOGL opened at $282.57 on Friday. The stock has a market capitalization of $3.46 trillion, a price-to-earnings ratio of 14.75, a PEG ratio of 0.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. The stock’s 50-day simple moving average is $334.04 and its two-hundred day simple moving average is $339.15. Alphabet Inc. has a 52-week low of $270.70 and a 52-week high of $408.61.
Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.90). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business had revenue of $127.58 billion for the quarter, compared to analysts’ expectations of $127.96 billion. Analysts expect that Alphabet Inc. will post 19.86 EPS for the current year.
Alphabet Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet’s payout ratio is 4.59%.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Zacks Research cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada decreased their target price on Alphabet from $425.00 to $400.00 and set an “outperform” rating for the company in a research report on Thursday, October 29th. UBS Group set a $332.00 target price on shares of Alphabet and gave the company a “neutral” rating in a research note on Thursday, October 29th. DA Davidson dropped their price target on shares of Alphabet from $350.00 to $300.00 and set a “neutral” rating on the stock in a report on Thursday, October 29th. Finally, Evercore reaffirmed an “outperform” rating and set a $450.00 price target on shares of Alphabet in a report on Wednesday, September 16th. Five analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Alphabet presently has an average rating of “Buy” and an average target price of $412.51.
Get Our Latest Report on Alphabet
Alphabet Company Profile
Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.
Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.
Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.
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