Sage Mountain Advisors LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 23.0% in the third quarter, Holdings Channel reports. The fund owned 60,511 shares of the information services provider’s stock after buying an additional 11,306 shares during the period. Alphabet makes up approximately 0.8% of Sage Mountain Advisors LLC’s portfolio, making the stock its 21st biggest holding. Sage Mountain Advisors LLC’s holdings in Alphabet were worth $14,710,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Financial Gravity Companies Inc. acquired a new stake in shares of Alphabet during the 2nd quarter worth about $31,000. Corsicana & Co. purchased a new position in Alphabet in the third quarter valued at approximately $54,000. CarsonAllaria Wealth Management Ltd. increased its stake in Alphabet by 36.4% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 67 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its holdings in Alphabet by 37.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock worth $57,000 after purchasing an additional 89 shares in the last quarter. Finally, S&T Bank PA lifted its position in shares of Alphabet by 40.2% during the 2nd quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock worth $61,000 after buying an additional 99 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Alphabet
In related news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $19.00, for a total transaction of $35,060,852.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Kent Walker sold 17,829 shares of Alphabet stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $314.89, for a total transaction of $5,614,173.81. Following the completion of the transaction, the insider owned 42,972 shares in the company, valued at approximately $13,531,453.08. This trade represents a 29.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,066,753 shares of company stock valued at $103,358,040. Corporate insiders own 11.55% of the company’s stock.
Alphabet News Summary
- Positive Sentiment: Waymo raised $16 billion in a financing that values the Alphabet self?driving unit at about $126 billion — a material de?risk / value?creation event for Alphabet that could crystallize value in a high?growth AI/robotics segment. Waymo fundraising
- Positive Sentiment: Google Cloud signed a five?year strategic deal with Liberty Global to deploy Gemini models and cloud tools across its European operations — a tangible commercial win for Google Cloud and proof of enterprise demand for Gemini that supports revenue growth for one of Alphabet’s fastest?growing segments. Cloud partnership
- Positive Sentiment: Google is embedding more Gemini AI features into Chrome, broadening end?user reach for Gemini and increasing monetization opportunities across search, ads and consumer products. This deepens the AI moat and supports assumptions of higher ad/engagement monetization. Gemini in Chrome
- Positive Sentiment: High?profile bullish commentary (Jim Cramer) suggests Alphabet may be capturing more AI?driven revenue than peers like Meta — a market?narrative tailwind that can attract momentum flows into the stock. Cramer on AI revenue
- Positive Sentiment: Jefferies raised its price target to $400 and kept a Buy rating — a bullish analyst move that can support further upside and fund flows into GOOGL. Jefferies PT raise
- Neutral Sentiment: Alphabet reports Q4 after the close; traders expect a sizable move — this event creates short?term volatility risk but could validate the AI/revenue narrative if results beat. Earnings move expectation
- Neutral Sentiment: Sanford Bernstein raised its price target to $335 but maintained a “market perform” rating — mixed signal (higher PT but conservative stance), so watch guidance and margins for conviction. Bernstein note
- Neutral Sentiment: Analyst and media pieces highlight strong AI/search/cloud momentum but caution on rising costs and competition — useful framing for investors ahead of earnings. Zacks analysis
- Negative Sentiment: Alphabet agreed to pay $135 million to resolve an Android data?transfer lawsuit — a modest but tangible legal cost and reminder of regulatory/legal exposure. Android settlement
- Negative Sentiment: Insider selling of roughly $35M was reported — while not uncommon at large caps, insiders selling can weigh on sentiment if it accelerates. Insider sale
Wall Street Analyst Weigh In
A number of research firms recently commented on GOOGL. Roth Mkm reaffirmed a “buy” rating and issued a $365.00 target price (up from $310.00) on shares of Alphabet in a research report on Tuesday, January 27th. Wells Fargo & Company restated a “positive” rating and issued a $350.00 price objective (up previously from $268.00) on shares of Alphabet in a research note on Monday, January 12th. Canaccord Genuity Group set a $390.00 target price on Alphabet and gave the stock a “buy” rating in a research report on Wednesday, January 7th. CICC Research upped their target price on Alphabet from $240.00 to $303.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Citic Securities raised their price target on Alphabet from $230.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Four investment analysts have rated the stock with a Strong Buy rating, forty-two have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $335.90.
Read Our Latest Report on Alphabet
Alphabet Stock Up 1.7%
GOOGL opened at $343.69 on Tuesday. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $344.83. The business has a 50 day moving average price of $320.73 and a two-hundred day moving average price of $267.28. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The company has a market cap of $4.15 trillion, a PE ratio of 33.89, a P/E/G ratio of 1.86 and a beta of 1.09.
Alphabet Company Profile
Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.
Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.
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