2,899 Alphabet Inc. $GOOG Shares Acquired by Burton Enright Welch

Burton Enright Welch boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 41.4% in the third quarter, HoldingsChannel reports. The firm owned 9,894 shares of the information services provider’s stock after purchasing an additional 2,899 shares during the quarter. Burton Enright Welch’s holdings in Alphabet were worth $3,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Providence Wealth Advisors LLC lifted its stake in shares of Alphabet by 0.3% during the 1st quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider’s stock worth $3,094,000 after buying an additional 29 shares during the last quarter. One Charles Private Wealth Services LLC boosted its holdings in shares of Alphabet by 0.6% during the 1st quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider’s stock worth $1,390,000 after buying an additional 29 shares during the period. Wisconsin Wealth Advisors LLC boosted its holdings in shares of Alphabet by 1.3% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider’s stock worth $785,000 after buying an additional 29 shares during the period. Cypress Financial Planning LLC boosted its holdings in shares of Alphabet by 1.3% during the 3rd 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 during the period. Finally, Johnson Wealth Management LLC grew its stake in Alphabet by 1.7% in the 2nd quarter. Johnson Wealth Management LLC now owns 1,842 shares of the information services provider’s stock valued at $651,000 after buying an additional 30 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Anthropic investment and cloud ties could add value. Alphabet plans to invest $10 billion in Anthropic at its IPO, on top of prior commitments. Anthropic also has large Google Cloud infrastructure commitments, potentially supporting cloud revenue and giving Alphabet a valuable stake if the IPO valuation holds. Those gains remain contingent on the offering and valuation. Article: Anthropic’s Trillion-Dollar IPO Could Give Cloud Giants a Double Win
• Positive Sentiment: Google is expanding its AI hardware and model lineup. New TPU variants target confidential computing and larger AI workloads, potentially helping Google Cloud compete and reduce reliance on outside chips. Google also made Gemini 4 Carbon available to developers and businesses. Article: Google broadens its AI hardware portfolio with two new specialized chips Article: Google Launches Gemini 4 Carbon
• Neutral Sentiment: Pixel Tag adds a new consumer product. Google’s $30 item tracker is now available for Android users, but its effect on Alphabet’s overall results is likely limited. Article: Pixel Tag is now available
• Negative Sentiment: Investors face renewed securities-fraud lawsuit headlines. Multiple law firms publicized a pending class action alleging misleading statements about the Gemini 3.5 Pro launch timeline. The lead-plaintiff deadline is December 1. The notices are largely legal solicitations, but the underlying allegations can add uncertainty and reputational risk. Article: Alphabet securities-fraud lawsuit deadline
• Negative Sentiment: AI competition is intensifying. Anthropic is reportedly developing workplace tools, including a spreadsheet product that could compete with Google Sheets, while its Claude assistant is expanding into Google Meet. This highlights both competitive pressure and the risk of depending on a partner that also competes with Google. Article: Anthropic brings Claude to Google Meet
• Negative Sentiment: Waymo faces a safety and privacy overhang. Federal scrutiny over robotaxis’ school-bus behavior and added privacy protections related to Spirit Airlines employee data create regulatory and reputational risks. Article: Federal Government Probes Waymo Over School-Bus Safety

Analysts Set New Price Targets

Several research firms have weighed in on GOOG. Stifel Nicolaus set a $485.00 price target on shares of Alphabet in a report on Thursday, October 8th. Citigroup cut Alphabet from a “market outperform” rating to a “market perform” rating in a report on Thursday, October 29th. Moffett Nathanson decreased their target price on Alphabet from $380.00 to $370.00 and set a “buy” rating on the stock in a research report on Wednesday, September 16th. Wolfe Research reaffirmed an “outperform” rating on shares of Alphabet in a research report on Thursday, August 27th. Finally, Zacks Research lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $413.38.

Alphabet Stock Performance

NASDAQ GOOG opened at $284.92 on Wednesday. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $3.50 trillion, a P/E ratio of 14.87, a P/E/G ratio of 0.87 and a beta of 1.21. Alphabet Inc. has a 12-month low of $271.41 and a 12-month high of $404.47. The firm has a 50-day moving average price of $327.64 and a two-hundred day moving average price of $336.57.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.89). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The business had revenue of $127.58 billion for the quarter, compared to analyst estimates of $127.97 billion. During the same quarter in the previous year, the company earned $2.87 EPS. The business’s revenue for the quarter was up 24.7% on a year-over-year basis. Analysts anticipate that Alphabet Inc. will post 19.74 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet’s payout ratio is 4.59%.

Insider Activity

In related 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 sale, the director owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 247 shares of company stock valued at $79,238 in the last three months. Insiders own 12.99% of the company’s stock.

Alphabet Company Profile

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer. Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.