Steel Grove Capital Advisors LLC Acquires 2,206 Shares of Alphabet Inc. $GOOGL

Steel Grove Capital Advisors LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 186,836 shares of the information services provider’s stock after acquiring an additional 2,206 shares during the quarter. Alphabet accounts for 4.2% of Steel Grove Capital Advisors LLC’s portfolio, making the stock its 5th biggest holding. Steel Grove Capital Advisors LLC’s holdings in Alphabet were worth $64,287,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Level Financial Advisors lifted its stake in shares of Alphabet by 2.7% in the third quarter. Level Financial Advisors now owns 2,699 shares of the information services provider’s stock worth $929,000 after buying an additional 72 shares in the last quarter. Jericho Financial LLP grew its holdings in shares of Alphabet by 1.2% during the third quarter. Jericho Financial LLP now owns 30,164 shares of the information services provider’s stock valued at $10,379,000 after buying an additional 357 shares during the last quarter. Heffernan Advisory Inc. bought a new stake in shares of Alphabet during the third quarter valued at approximately $449,000. Sax Wealth Advisors LLC increased its position in shares of Alphabet by 48.9% during the third quarter. Sax Wealth Advisors LLC now owns 54,849 shares of the information services provider’s stock valued at $18,872,000 after acquiring an additional 18,018 shares in the last quarter. Finally, Fermata Advisors LLC increased its position in shares of Alphabet by 2.9% during the third quarter. Fermata Advisors LLC now owns 5,715 shares of the information services provider’s stock valued at $1,966,000 after acquiring an additional 161 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Performance

Shares of GOOGL stock traded up $2.48 during mid-day trading on Tuesday, reaching $355.20. 12,799,082 shares of the company’s stock traded hands, compared to its average volume of 30,548,918. Alphabet Inc. has a 12 month low of $240.51 and a 12 month high of $408.61. The firm has a 50 day moving average price of $345.48 and a two-hundred day moving average price of $349.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The firm has a market capitalization of $4.34 trillion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 1.02 and a beta of 1.21.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The firm had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. On average, research analysts forecast that Alphabet Inc. will post 20.54 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet’s dividend payout ratio is currently 4.42%.

Insider Buying and Selling

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frances Arnold sold 83 shares of Alphabet 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 transaction, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 441,399 shares of company stock valued at $8,677,053. 11.61% of the stock is owned by corporate insiders.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Gemini 4 Argon launch strengthens Alphabet’s AI position. Google began rolling out its latest flagship model to paying users, highlighting capabilities in coding, finance and legal work. The release may ease concerns about competition from Anthropic and other AI developers. Google launches flagship AI model Gemini 4 Argon
• Positive Sentiment: Analysts see a major opportunity in Alphabet’s internally developed AI chips. One estimate suggests the chip business could unlock as much as $100 billion in value by 2028, while investors continue to watch Google Cloud growth, AI demand and capital spending. Alphabet could unlock $100 billion from AI chips
• Positive Sentiment: Google is expanding its ecosystem. Private app distribution through Google Play and new Fitbit health products could increase Android engagement, subscriptions and long-term platform monetization. Google Play private apps
• Neutral Sentiment: Investors remain divided over AI spending. Alphabet’s cloud backlog and AI adoption support the growth outlook, but the company is committing heavily to data centers. Reported second-quarter EPS benefited substantially from a paper gain, raising questions about how quickly investments are translating into operating cash flow. Alphabet cloud growth and paper EPS gain
• Negative Sentiment: Several law firms are promoting securities-fraud litigation against Alphabet. The lawsuits allege that Alphabet misrepresented progress on its Gemini 3.5 Pro model before a sharp stock decline. The claims create legal and reputational overhang, although no outcome has been determined. Alphabet securities-fraud class action

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GOOGL. KeyCorp boosted their price objective on shares of Alphabet from $425.00 to $445.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Pivotal Research reiterated a “buy” rating and set a $475.00 target price (up from $470.00) on shares of Alphabet in a research note on Thursday, July 23rd. Truist Financial set a $420.00 target price on Alphabet and gave the stock a “buy” rating in a report on Thursday, July 23rd. Wedbush restated an “outperform” rating and issued a $445.00 price target on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $420.00 price target on shares of Alphabet in a research note on Monday. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $425.72.

About Alphabet

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.