70,155 Alphabet Inc. $GOOG Shares Purchased by West Wealth Group LLC

West Wealth Group LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOG) by 2,466.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 72,999 shares of the information services provider’s stock after acquiring an additional 70,155 shares during the period. Alphabet makes up 2.6% of West Wealth Group LLC’s portfolio, making the stock its 10th largest holding. West Wealth Group LLC’s holdings in Alphabet were worth $24,874,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in Alphabet by 1.4% during the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock valued at $130,704,718,000 after purchasing an additional 5,164,200 shares during the period. State Street Corp raised its stake in shares of Alphabet by 2.8% in the second quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock worth $67,458,980,000 after buying an additional 5,208,690 shares during the period. Janus Henderson Group PLC raised its stake in shares of Alphabet by 2.1% in the fourth quarter. Janus Henderson Group PLC now owns 24,595,622 shares of the information services provider’s stock worth $7,693,281,000 after buying an additional 508,718 shares during the period. Invesco Ltd. raised its stake in shares of Alphabet by 2.4% in the fourth quarter. Invesco Ltd. now owns 22,048,456 shares of the information services provider’s stock worth $6,918,805,000 after buying an additional 517,108 shares during the period. Finally, Amundi lifted its position in shares of Alphabet by 22.9% during the 1st quarter. Amundi now owns 21,922,379 shares of the information services provider’s stock valued at $6,288,654,000 after buying an additional 4,083,758 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: JPMorgan raised its price target to $425 from $420 and maintained an Overweight rating. The firm cited sustained Google Cloud growth and Alphabet’s ability to remain competitive in artificial intelligence. Alphabet Stocks Rise as JPMorgan Lifts Target on Cloud Growth
• Positive Sentiment: Alphabet continues to generate positive AI momentum. Gemini 4 Argon reportedly scored highly on accounting and enterprise benchmarks, while Google demonstrated a quantum-computing technique that could reduce errors significantly. These developments support the company’s positioning against OpenAI, Anthropic and other rivals. Gemini 4 Argon Accounting Benchmark
• Positive Sentiment: New commercial initiatives—including Google’s Universal Cart shopping tool, a multiyear AI partnership with CNN and potential YouTube audiobook offerings—could broaden monetization across Search, Gemini and YouTube. Google Universal Cart Launch
• Neutral Sentiment: Investors are looking ahead to Alphabet’s upcoming earnings, with analysts generally bullish on AI and cloud growth. However, the company’s substantial data-center and AI infrastructure spending raises questions about near-term free cash flow and returns on capital. Alphabet Q3 Preview
• Negative Sentiment: Multiple law firms are promoting a securities class action alleging that Alphabet failed to disclose disappointing Gemini training results. The repeated notices and December lead-plaintiff deadline create a reputational and potential litigation overhang, although they do not represent new operating results. Alphabet Securities Fraud Lawsuit
• Negative Sentiment: Google warned that suspected China-linked hackers may exploit a vulnerability in BeyondTrust software, adding cybersecurity and trust concerns. Separately, renewed fears over stretched AI valuations and competition for digital advertising could limit further gains. Google Warns of BeyondTrust Exploitation Risk

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction 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 transaction, the director directly 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 legal filing with the SEC, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 420,865 shares of company stock valued at $8,293,477. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GOOG shares. Citigroup reiterated a “market outperform” rating on shares of Alphabet in a research note on Friday, October 9th. DA Davidson reduced their target price on shares of Alphabet from $375.00 to $350.00 and set a “neutral” rating for the company in a report on Thursday, July 23rd. Rosenblatt Securities initiated coverage on shares of Alphabet in a research note on Thursday, August 20th. They set a “buy” rating on the stock. Morgan Stanley lowered their target price on shares of Alphabet from $415.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $380.00 target price (up from $379.00) on shares of Alphabet in a report on Wednesday. Six analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $422.10.

Alphabet Stock Up 0.4%

NASDAQ GOOG opened at $344.91 on Friday. The stock’s 50 day moving average is $341.41 and its 200 day moving average is $348.88. 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 Inc. has a 12 month low of $244.67 and a 12 month high of $404.47. The stock has a market cap of $4.22 trillion, a PE ratio of 17.32, a P/E/G ratio of 1.00 and a beta of 1.19.

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

Alphabet Dividend Announcement

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

Alphabet Company Profile

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.