Sanders Morris Harris LLC Makes New Investment in Alphabet Inc. $GOOG

Sanders Morris Harris LLC bought a new position in Alphabet Inc. (NASDAQ:GOOG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 19,682 shares of the information services provider’s stock, valued at approximately $6,707,000. Alphabet makes up about 0.9% of Sanders Morris Harris LLC’s portfolio, making the stock its 29th largest holding.

A number of other hedge funds also recently modified their holdings of the business. Providence Wealth Advisors LLC raised its holdings in shares of Alphabet by 0.3% during the first quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider’s stock worth $3,094,000 after acquiring an additional 29 shares in the last quarter. One Charles Private Wealth Services LLC raised its stake in Alphabet by 0.6% during the 1st quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider’s stock valued at $1,390,000 after purchasing an additional 29 shares during the last quarter. Wisconsin Wealth Advisors LLC increased its position in shares of Alphabet by 1.3% during the second quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider’s stock valued at $785,000 after purchasing an additional 29 shares during the period. Cypress Financial Planning LLC lifted its holdings in shares of Alphabet by 1.3% during the 3rd quarter. Cypress Financial Planning LLC now owns 2,198 shares of the information services provider’s stock worth $749,000 after acquiring an additional 29 shares during the period. Finally, Financial Enhancement Group LLC grew its position in Alphabet by 2.3% in the first quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider’s stock valued at $380,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google began rolling out Gemini 4 Argon to developers, businesses and paying subscribers, adding coding tools and customization features. The model also scored 91.1% in an accounting benchmark, potentially strengthening Alphabet’s position in enterprise AI. Google launches flagship AI model Gemini 4 Argon for developers, businesses
• Positive Sentiment: Analysts and bullish investors continue to point to Google Cloud expansion, improving AI monetization and Alphabet’s internally developed AI chips as potential growth drivers. One analyst estimated the chip business could eventually unlock $100 billion in revenue. Alphabet Could Unlock $100 Billion From AI Chips by 2028
• Positive Sentiment: American Electric Power plans to invest approximately $4 billion in a Wyoming fuel-cell project to supply Google’s growing electricity needs. The agreement highlights strong demand for Alphabet’s data-center infrastructure, although it also underscores the scale of required AI spending. American Electric Power to invest $4 billion fuel-cell project to power Google
• Neutral Sentiment: The European Commission said it remains in dialogue with Google, suggesting ongoing regulatory uncertainty but no specific enforcement action was detailed in the report. EU Commission is in dialogue with Google
• Negative Sentiment: Several law firms publicized a securities-fraud class action against Alphabet concerning alleged disclosures about the development and timing of the Gemini 3.5 Pro model. Investors who purchased shares from May 19 through July 16, 2026, face lead-plaintiff deadlines around November 30 and December 1. The announcements increase headline and potential litigation risk, although they do not establish wrongdoing. Rosen Alphabet securities class action announcement
• Negative Sentiment: Investors also remain concerned that enormous data-center and AI capital expenditures could pressure free cash flow, while intensifying competition from Microsoft, Apple and Meta may raise the cost of defending Google’s AI and search franchises.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Piper Sandler increased their price target on Alphabet from $395.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, September 28th. DZ Bank upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Wells Fargo & Company set a $417.00 target price on Alphabet and gave the company an “overweight” rating in a research note on Tuesday, October 6th. KeyCorp reaffirmed an “overweight” rating and issued a $435.00 target price on shares of Alphabet in a research note on Thursday, October 1st. Finally, TD Cowen reiterated a “buy” rating and set a $485.00 target price (up from $475.00) on shares of Alphabet in a research report on Thursday, October 8th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $421.98.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $343.65 on Thursday. The company has a fifty day moving average price of $341.65 and a 200 day moving average price of $348.38. Alphabet Inc. has a 1-year low of $244.67 and a 1-year high of $404.47. The firm has a market cap of $4.20 trillion, a PE ratio of 17.26, a PEG ratio of 1.01 and a beta of 1.19. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.87 by $6.24. The firm had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.31 EPS. Research analysts predict that Alphabet Inc. will post 20.54 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is currently 4.42%.

Insider Activity at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares of the company’s stock, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 441,399 shares of company stock valued at $8,677,053. 12.99% of the stock is owned by corporate insiders.

About Alphabet

Alphabet Inc is a technology holding company best known as the parent company of Google. Established in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, innovation and emerging industries. Sundar Pichai serves as Alphabet’s chief executive officer and also leads Google.

Google is Alphabet’s primary business and operates an internet ecosystem that includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.