Pinnacle Wealth Planning Services Inc. Purchases 7,251 Shares of Alphabet Inc. $GOOG

Pinnacle Wealth Planning Services Inc. lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 41.0% in the third quarter, Holdings Channel reports. The institutional investor owned 24,924 shares of the information services provider’s stock after acquiring an additional 7,251 shares during the period. Alphabet makes up about 0.8% of Pinnacle Wealth Planning Services Inc.’s portfolio, making the stock its 18th largest position. Pinnacle Wealth Planning Services Inc.’s holdings in Alphabet were worth $8,493,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Readystate Asset Management LP acquired a new stake in Alphabet in the 2nd quarter worth about $45,352,000. BlackRock Inc. boosted its holdings in Alphabet by 1.4% in the 2nd 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 boosted its holdings in Alphabet by 2.8% in the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock valued at $67,458,980,000 after purchasing an additional 5,208,690 shares during the period. Amundi grew 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 worth $6,288,654,000 after purchasing an additional 4,083,758 shares in the last quarter. Finally, Deutsche Bank AG grew its position in shares of Alphabet by 5.6% during the 2nd quarter. Deutsche Bank AG now owns 17,313,729 shares of the information services provider’s stock worth $6,117,460,000 after purchasing an additional 913,666 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of the 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 transaction, the director directly owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 247 shares of company stock worth $79,238. 12.99% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GOOG. HSBC set a $515.00 target price on shares of Alphabet in a report on Friday, August 14th. Rosenblatt Securities assumed coverage on Alphabet in a research note on Thursday, August 20th. They issued a “buy” rating for the company. Evercore reissued an “outperform” rating and set a $435.00 price target on shares of Alphabet in a research report on Thursday. Truist Financial set a $410.00 price objective on Alphabet in a research note on Thursday. Finally, Stifel Nicolaus set a $485.00 price objective on Alphabet in a report on Thursday, October 8th. Six analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $413.54.

Alphabet Price Performance

Shares of GOOG opened at $278.22 on Friday. Alphabet Inc. has a 1 year low of $271.41 and a 1 year high of $404.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.79 and a quick ratio of 2.64. The company has a market capitalization of $3.40 trillion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 0.81 and a beta of 1.19. The business has a 50-day moving average of $335.73 and a 200-day moving average of $338.25.

Alphabet (NASDAQ:GOOG) last released its earnings results on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.89). The firm had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.87 EPS. As a group, equities research analysts anticipate that Alphabet Inc. will post 19.99 earnings per share for the current year.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered exceptional growth. Revenue more than doubled year over year to approximately $30.7 billion, while operating margins expanded and the backlog reached roughly $561 billion. This supports the view that Alphabet’s AI investments are generating demand. Alphabet Cloud Business Article
• Positive Sentiment: Alphabet’s AI platform may create new revenue streams. OpenAI reportedly plans to use Google’s tensor-processing units, while Gemini performance and expanding AI Search advertising could help Alphabet compete in the AI infrastructure market. Analysts including Goldman Sachs and JPMorgan remain constructive, despite lowering price targets. OpenAI Google AI Chips Article
• Positive Sentiment: Valuation has become more attractive. Reports place GOOG’s price-to-earnings ratio near 14.6, the lowest level in many years, prompting some investors to characterize the selloff as a potential long-term buying opportunity. Google Valuation Article
• Neutral Sentiment: Waymo is expanding internationally. Alphabet’s autonomous-driving unit will test Toyota bZ4X robotaxis in Japan and the U.K., but the business remains small and cash-burning. Waymo Toyota Partnership Article
• Negative Sentiment: Quarterly results missed expectations. Alphabet reported approximately $2.12 in earnings per share and $127.6 billion in revenue, below consensus forecasts. Search revenue grew but missed estimates, and AI-powered searches are reportedly harder to monetize than traditional searches. Alphabet Search Earnings Article
• Negative Sentiment: AI spending is straining cash flow. Capital expenditures and infrastructure commitments pushed free cash flow approximately $9 billion negative for the quarter, raising concerns about returns on Alphabet’s enormous AI investment program and potential financing or dilution. Tech Giants AI Spending Article
• Negative Sentiment: Additional earnings pressure came from investments and legal risk. An unrealized loss on Alphabet’s SpaceX stake reduced earnings, while multiple law firms publicized securities class-action deadlines tied to alleged AI disclosures. These lawsuits are largely investor notices, but they add reputational and headline risk. Alphabet Class Action Notice

About Alphabet

Alphabet Inc is a technology holding company best known as the parent organization of Google. Founded in 2015 through a corporate restructuring, Alphabet oversees Google and a collection of businesses focused on technology, online services, communications, artificial intelligence, and other emerging areas.

Google’s principal products and services include its internet search engine, digital advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play, and Google Workspace. The company also provides cloud computing, data storage, cybersecurity, productivity, and artificial intelligence services through Google Cloud.