Alphabet Inc. $GOOGL Holdings Increased by Prairie Advisory LLC

Prairie Advisory LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 99.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,102 shares of the information services provider’s stock after acquiring an additional 8,529 shares during the period. Alphabet comprises 0.7% of Prairie Advisory LLC’s portfolio, making the stock its 27th largest holding. Prairie Advisory LLC’s holdings in Alphabet were worth $5,885,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Strategic Wealth Advisors LLC boosted its holdings in Alphabet by 6.0% in the 1st quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider’s stock valued at $137,000 after purchasing an additional 27 shares in the last quarter. Rockbridge Investment Management LCC raised its stake in shares of Alphabet by 0.5% during the 1st quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider’s stock worth $1,570,000 after buying an additional 27 shares in the last quarter. Ruggaard & Associates LLC raised its stake in shares of Alphabet by 0.9% during the 1st quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider’s stock worth $840,000 after buying an additional 27 shares in the last quarter. Cadia Private Client LLC raised its stake in shares of Alphabet by 1.1% during the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider’s stock worth $744,000 after buying an additional 28 shares in the last quarter. Finally, Evansbrook LLC lifted its holdings in shares of Alphabet by 0.3% in the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider’s stock valued at $2,738,000 after buying an additional 28 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GOOGL. DZ Bank upgraded Alphabet to a “strong-buy” rating in a research note on Thursday, July 23rd. Benchmark reiterated a “buy” rating on shares of Alphabet in a research report on Thursday, October 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $410.00 price objective on shares of Alphabet in a research report on Thursday, September 3rd. KeyCorp reduced their target price on Alphabet from $435.00 to $410.00 and set an “overweight” rating for the company in a report on Monday. Finally, Piper Sandler boosted their target price on shares of Alphabet from $395.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, September 28th. Five investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Alphabet presently has a consensus rating of “Buy” and a consensus target price of $425.04.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares of the company’s stock, valued at $9,125,015.20. This trade represents a 1.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the sale, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. This trade represents a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 315,765 shares of company stock worth $6,297,980. Corporate insiders own 11.61% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $324.22 on Friday. Alphabet Inc. has a one year low of $251.85 and a one year high of $408.61. The stock has a market cap of $3.97 trillion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 0.97 and a beta of 1.21. The business’s fifty day moving average price is $343.31 and its two-hundred day moving average price is $353.04. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72.

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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $117.07 billion. On average, analysts forecast that Alphabet Inc. will post 20.60 EPS for the current fiscal year.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud and AI demand remain key bullish factors. Coverage highlights accelerating Google Cloud growth, expanding demand for AI infrastructure, and Alphabet’s Gemini models and in-house chips as potential drivers of future revenue and margins. OpenAI’s decision to make its models available through Google Cloud could also increase enterprise cloud usage. OpenAI to bring AI models to Google’s cloud
• Positive Sentiment: Some analysts see substantial upside. Bullish commentary points to strong search and cloud fundamentals, a lower valuation than many large technology peers, and potential upside if Alphabet demonstrates that AI spending is translating into durable growth. TikTok’s reported shift of advertising toward YouTube may provide an additional, though smaller, benefit. Alphabet could still have room to run
• Positive Sentiment: Citizens JMP maintained an outperform rating. The firm lowered its price target from $515 to $450, but the revised target still implies considerable potential appreciation from current levels. Banking giant cuts Google stock price target

About Alphabet

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.