McCollum Christoferson Group LLC Makes New Investment in Alphabet Inc. $GOOG

McCollum Christoferson Group LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,653 shares of the information services provider’s stock, valued at approximately $5,334,000. Alphabet accounts for approximately 0.8% of McCollum Christoferson Group LLC’s portfolio, making the stock its 27th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of GOOG. Sax Wealth Advisors LLC increased its holdings in Alphabet by 105.5% during the 3rd quarter. Sax Wealth Advisors LLC now owns 62,656 shares of the information services provider’s stock valued at $21,349,000 after purchasing an additional 32,167 shares during the period. NorthCrest Asset Manangement LLC lifted its holdings in Alphabet by 95.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 94,364 shares of the information services provider’s stock worth $32,542,000 after buying an additional 46,060 shares during the period. Consolidated Capital Management LLC grew its position in shares of Alphabet by 6.1% in the 3rd quarter. Consolidated Capital Management LLC now owns 4,354 shares of the information services provider’s stock worth $1,484,000 after buying an additional 251 shares during the last quarter. Integrated Financial Solutions Inc. grew its position in shares of Alphabet by 6.2% in the 3rd quarter. Integrated Financial Solutions Inc. now owns 721 shares of the information services provider’s stock worth $246,000 after buying an additional 42 shares during the last quarter. Finally, Sacks & Associates LLC purchased a new position in shares of Alphabet during the third quarter valued at approximately $1,247,000. 27.26% of the stock is owned by institutional investors.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google launched Gemini 4 Argon, a flagship AI model for developers, businesses and paying users. The model is being positioned as particularly strong in coding and finance and legal knowledge work, reinforcing Alphabet’s effort to compete in the rapidly growing generative-AI market. Google launches flagship AI model Gemini 4 Argon for developers and businesses
• Positive Sentiment: An analyst said Alphabet’s internally developed AI chips could unlock as much as $100 billion in value by 2028. In-house chips could reduce dependence on outside suppliers, improve AI economics and create a potentially meaningful new revenue stream. Alphabet could unlock $100 billion from AI chips by 2028
• Positive Sentiment: BNP Paribas raised its price target for Alphabet, adding to bullish analyst expectations ahead of the company’s third-quarter results. Investors are watching Google Cloud growth, AI monetization and capital spending for evidence that recent investments are producing returns. Google stock gets a price target boost
• Positive Sentiment: Google Play will let users privately install personal, “vibe-coded” Android applications without publishing them publicly. The feature could encourage experimentation with AI-generated software and increase engagement with Google Play and Android. Google Play now supports private vibe-coded apps
• Neutral Sentiment: Alphabet’s 3.59-gigawatt nuclear power agreement with Constellation supports the electricity needs of its AI data centers and may improve long-term capacity planning, but it also underscores the substantial cost of expanding AI infrastructure. Google and Constellation sign nuclear power deal
• Negative Sentiment: Several law firms are publicizing a securities class action alleging Alphabet misrepresented the development progress of its Gemini 3.5 Pro model, including coding and training-data setbacks. The litigation creates headline and potential financial risk, although the allegations have not been proven. Alphabet securities fraud class action announcement
• Negative Sentiment: Commentary questioning whether Alphabet’s strong reported earnings benefited from non-operating gains, while data-center spending exceeded operating cash generation, highlights execution and free-cash-flow risks. Investors may remain cautious until the upcoming earnings report clarifies AI spending returns.

Alphabet Stock Up 0.6%

NASDAQ GOOG traded up $1.99 during trading hours on Tuesday, reaching $350.96. 6,730,952 shares of the company’s stock traded hands, compared to its average volume of 20,267,902. Alphabet Inc. has a 52-week low of $241.18 and a 52-week high of $404.47. The firm has a market cap of $4.29 trillion, a PE ratio of 17.63, a PEG ratio of 1.01 and a beta of 1.19. The firm has a 50-day simple moving average of $342.49 and a 200 day simple moving average of $347.52. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) 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 firm had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. During the same quarter in the previous year, the firm earned $2.31 EPS. Alphabet’s quarterly revenue was up 24.2% compared to the same quarter last year. Sell-side analysts anticipate that Alphabet Inc. will post 20.54 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Piper Sandler upped their target price on Alphabet from $395.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, September 28th. Citic Securities lifted their price target on shares of Alphabet from $430.00 to $434.00 and gave the company a “buy” rating in a report on Monday, July 27th. Roth Capital boosted their price objective on shares of Alphabet from $435.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Evercore upped their price objective on shares of Alphabet from $420.00 to $450.00 and gave the stock an “outperform” rating in a report on Thursday, September 17th. Finally, TD Cowen reiterated a “buy” rating and set a $485.00 target price (up from $475.00) on shares of Alphabet in a report on Thursday, October 8th. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $421.95.

Insider Activity

In related news, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The SEC filing for this sale provides additional information. Insiders have sold a total of 441,399 shares of company stock valued at $8,677,053 in the last 90 days. 12.99% of the stock is currently owned by 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.