Shore Point Advisors LLC Purchases New Shares in Alphabet Inc. $GOOG

Shore Point Advisors LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,598 shares of the information services provider’s stock, valued at approximately $545,000.

Several other hedge funds have also bought and sold shares of GOOG. Providence Wealth Advisors LLC lifted its holdings in Alphabet by 0.3% during the first quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider’s stock valued at $3,094,000 after purchasing an additional 29 shares in the last quarter. One Charles Private Wealth Services LLC lifted its position in shares of Alphabet by 0.6% in the first 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 acquiring an additional 29 shares in the last quarter. Wisconsin Wealth Advisors LLC lifted its holdings in Alphabet by 1.3% in the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider’s stock worth $785,000 after purchasing an additional 29 shares in the last quarter. Cypress Financial Planning LLC lifted its holdings in shares of Alphabet by 1.3% in the third quarter. Cypress Financial Planning LLC now owns 2,198 shares of the information services provider’s stock worth $749,000 after buying an additional 29 shares in the last quarter. Finally, Financial Enhancement Group LLC boosted its holdings in shares of Alphabet by 2.3% during the 1st quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider’s stock valued at $380,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Trading Down 1.7%

Shares of NASDAQ:GOOG opened at $343.65 on Thursday. The company has a market capitalization of $4.20 trillion, a PE ratio of 17.26, a P/E/G 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 Inc. has a 12-month low of $244.67 and a 12-month high of $404.47. The business’s fifty day simple moving average is $341.65 and its 200-day simple moving average is $348.38.

Alphabet (NASDAQ:GOOG) last released its quarterly 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. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. During the same period in the prior year, the firm posted $2.31 earnings per share. The company’s quarterly revenue was up 24.2% on a year-over-year basis. As a group, equities research analysts predict that Alphabet Inc. will post 20.54 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Insider Transactions at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 441,399 shares of company stock valued at $8,677,053 over the last ninety days. Insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GOOG shares. Zacks Research lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Freedom Capital raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Wedbush assumed coverage on Alphabet in a research note on Thursday, July 16th. They set an “outperform” rating and a $445.00 price objective on the stock. New Street Research dropped their target price on Alphabet from $455.00 to $405.00 and set a “buy” rating for the company in a report on Friday, July 24th. Finally, Moffett Nathanson decreased their price target on Alphabet from $380.00 to $370.00 and set a “buy” rating on the stock in a report on Wednesday, September 16th. Six investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and an average price target of $421.98.

Alphabet News Summary

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.

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.