Alphabet Inc. $GOOG Stock Acquired by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 8.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 35,143 shares of the information services provider’s stock after purchasing an additional 2,637 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Alphabet were worth $11,974,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Providence Wealth Advisors LLC raised its stake in Alphabet by 0.3% in the 1st quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider’s stock worth $3,094,000 after acquiring an additional 29 shares during the last quarter. One Charles Private Wealth Services LLC grew its stake in 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 valued at $1,390,000 after purchasing an additional 29 shares during the last quarter. Wisconsin Wealth Advisors LLC grew its stake in Alphabet by 1.3% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider’s stock valued at $785,000 after purchasing an additional 29 shares during the last quarter. Cypress Financial Planning LLC grew its stake in Alphabet by 1.3% during the 3rd quarter. Cypress Financial Planning LLC now owns 2,198 shares of the information services provider’s stock valued at $749,000 after purchasing an additional 29 shares during the last quarter. Finally, Johnson Wealth Management LLC grew its stake in Alphabet by 1.7% during the 2nd quarter. Johnson Wealth Management LLC now owns 1,842 shares of the information services provider’s stock valued at $651,000 after purchasing an additional 30 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

Shares of GOOG opened at $290.63 on Thursday. The business’s 50-day moving average is $326.81 and its two-hundred day moving average is $336.38. The company has a market capitalization of $3.57 trillion, a P/E ratio of 14.87, a P/E/G ratio of 0.86 and a beta of 1.21. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. Alphabet Inc. has a fifty-two week low of $271.41 and a fifty-two week high of $404.47.

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

Alphabet Announces Dividend

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

Insider Buying and Selling

In related news, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction dated 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 directly owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 247 shares of company stock worth $79,238 over the last quarter. 12.99% of the stock is owned by company insiders.

Latest Alphabet News

Here’s some of the latest news about GOOG:

• Positive Sentiment: Google unveiled two new Tensor Processing Units aimed at agentic AI and confidential enterprise computing. The chips broaden Alphabet’s in-house hardware offering and could reduce reliance on outside processors. Article: Alphabet Edged Higher After Revealing New TPUs
• Positive Sentiment: Google is testing a faster Gemini 4 Flash model internally, following the launch of Gemini 4 Carbon for developers and businesses. Continued model releases may help Alphabet compete for AI workloads and monetization. Article: Google is letting staff test a fast new Gemini AI model named Hydrogen
• Neutral Sentiment: Alphabet is exploring up to $3 billion in its first Hong Kong- and Singapore-dollar bond offerings. The financing could diversify funding sources, though it adds debt obligations. Article: Alphabet explores first Hong Kong and Singapore dollar bond sales

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of research reports. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a report on Tuesday, October 27th. Wells Fargo & Company set a $365.00 target price on Alphabet in a report on Monday, November 2nd. Raymond James Financial reissued a “strong-buy” rating and set a $350.00 price target on shares of Alphabet in a research report on Thursday, October 29th. Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a research note on Monday, August 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research note on Thursday, October 15th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $413.38.

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.