5,501 Shares in Alphabet Inc. $GOOGL Purchased by Independence Wealth Advisors LLC

Independence Wealth Advisors LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,501 shares of the information services provider’s stock, valued at approximately $1,893,000. Alphabet makes up about 0.9% of Independence Wealth Advisors LLC’s investment portfolio, making the stock its 25th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Titleist Asset Management LLC lifted its position in shares of Alphabet by 6.4% during the 3rd quarter. Titleist Asset Management LLC now owns 34,613 shares of the information services provider’s stock worth $11,909,000 after purchasing an additional 2,096 shares during the last quarter. Elefante Mark B raised its stake in Alphabet by 4.5% during the 2nd quarter. Elefante Mark B now owns 43,733 shares of the information services provider’s stock valued at $15,629,000 after purchasing an additional 1,897 shares during the last quarter. Nwam LLC boosted its holdings in Alphabet by 19.6% in the 1st quarter. Nwam LLC now owns 49,128 shares of the information services provider’s stock valued at $14,127,000 after purchasing an additional 8,055 shares during the period. WCM Investment Management LLC grew its position in Alphabet by 287.4% in the 1st quarter. WCM Investment Management LLC now owns 3,886 shares of the information services provider’s stock worth $1,063,000 after purchasing an additional 2,883 shares during the last quarter. Finally, Spinnaker Investment Group LLC grew its position in Alphabet by 51.4% in the 2nd quarter. Spinnaker Investment Group LLC now owns 4,759 shares of the information services provider’s stock worth $1,701,000 after purchasing an additional 1,616 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Anthropic investment and cloud exposure: Google plans to invest $10 billion in Anthropic at its IPO, adding to Alphabet’s existing stake. Anthropic also has sizable Google Cloud commitments, potentially supporting cloud revenue through computing and marketplace services. Article: Anthropic’s Trillion-Dollar IPO Could Give Cloud Giants a Double Win
• Positive Sentiment: AI chips and cloud growth: Google introduced two specialized TPU variants for AI workloads, a move that could reduce reliance on outside chips and broaden Google Cloud’s appeal. Separate coverage highlighted strong Cloud revenue and improved operating margins. Article: Google broadens its AI hardware portfolio Article: Sundar Pichai Just Delivered Stunning News About Google Cloud
• Neutral Sentiment: Pixel Tag launch: Google began selling its $30 Android-compatible item tracker, expanding its consumer hardware lineup, though the immediate financial impact is unclear. Article: Pixel Tag is now available
• Negative Sentiment: AI spending and monetization concerns: Coverage framed accelerating AI investment as a risk if returns do not justify the cost. JPMorgan also removed Alphabet from its analyst focus list, citing slower AI-search monetization and substantial infrastructure spending, while retaining an Overweight rating. Article: Alphabet investors face a new reality as Google’s AI spending accelerates Article: JPMorgan Just Removed Alphabet From Its Analyst Focus List
• Negative Sentiment: Securities lawsuit: Multiple law firms publicized a pending class action alleging misrepresentations about the Gemini 3.5 Pro launch timeline. Investors have until around Dec. 1 to seek lead-plaintiff status; the allegations remain claims, not findings of liability. Article: Investors Have Opportunity to Lead Alphabet Securities Fraud Lawsuit

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the transaction, the director directly owned 19,076 shares of the company’s stock, valued at $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 247 shares of company stock valued at $79,238 in the last three months. Company insiders own 11.61% of the company’s stock.

Alphabet Stock Down 0.3%

Shares of NASDAQ:GOOGL opened at $287.38 on Wednesday. The company’s fifty day moving average is $330.72 and its 200-day moving average is $338.55. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. Alphabet Inc. has a 52 week low of $270.70 and a 52 week high of $408.61. The company has a market capitalization of $3.53 trillion, a PE ratio of 15.00, a P/E/G ratio of 0.87 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.02 by ($0.90). The firm had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.96 billion. Alphabet had a return on equity of 43.33% and a net margin of 50.03%. Equities research analysts predict that Alphabet Inc. will post 19.81 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently commented on GOOGL shares. Moffett Nathanson set a $345.00 price objective on shares of Alphabet in a research report on Thursday, October 29th. Royal Bank Of Canada decreased their price objective on Alphabet from $425.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, October 29th. Piper Sandler set a $345.00 price objective on Alphabet and gave the company an “overweight” rating in a research report on Thursday, October 29th. Truist Financial cut their target price on Alphabet from $420.00 to $410.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Finally, Citigroup lowered their price target on shares of Alphabet from $447.00 to $375.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $412.51.

About Alphabet

Alphabet Inc. is a technology holding company whose largest business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company reorganized its businesses under the holding-company structure in 2015. Google’s products and services include Search, YouTube, Android, Chrome, Google Maps, Google Play and Google Cloud. The company also generates revenue from digital advertising and offers devices, subscriptions and artificial intelligence products and services.