<div id="readability-page-1"><p>Alphabet (NASDAQ:GOOG - Get Free Report) posted its quarterly earnings data on Wednesday. The information services provider reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.58, Zacks reports. Alphabet had a net margin of 31.12% and a return on equity of 34.31%.</p><h2>Alphabet Trading Up 2.5%</h2><ul><li>Broadcom: The Hidden Winner in Google's Anthropic Chip Deal?</li></ul><p>Shares of Alphabet stock traded up $6.74 on Wednesday, hitting $275.17. The stock had a trading volume of 24,773,073 shares, compared to its average volume of 23,347,912. The firm has a market capitalization of $3.33 trillion, a P/E ratio of 29.30, a PEG ratio of 1.82 and a beta of 1.00. The stock has a 50 day moving average of $239.97 and a 200 day moving average of $198.46. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. Alphabet has a twelve month low of $142.66 and a twelve month high of $275.97. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several equities research analysts recently weighed in on GOOG shares. Morgan Stanley upped their price objective on shares of Alphabet from $210.00 to $270.00 and gave the stock an &#34;overweight&#34; rating in a research report on Thursday, October 2nd. Wells Fargo &amp; Company  reissued an &#34;equal weight&#34; rating on shares of Alphabet in a report on Wednesday, July 9th. Roth Capital  reissued a &#34;buy&#34; rating on shares of Alphabet in a report on Wednesday, July 9th. Weiss Ratings  reissued a &#34;buy (b)&#34; rating on shares of Alphabet in a report on Wednesday, October 8th. Finally, Mizuho raised shares of Alphabet to a &#34;strong-buy&#34; rating in a report on Monday, September 29th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned  a Buy rating, five have issued  a Hold rating and three have assigned  a Sell rating to the company's stock. According to MarketBeat.com, the company  has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $280.45.</p><ul><li>Forget AI: Amazon's Robots Could Be Coming for Your Job</li></ul><p><b>Get Our Latest Report on GOOG</b></p><h2>Insiders Place Their Bets</h2><p>In related news, CAO Amie Thuener O'toole sold 2,778 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the transaction, the chief accounting officer directly owned 17,293 shares in the company, valued at $4,236,785. This trade represents a 13.84% decrease in their position. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $249.50, for a total value of $8,108,750.00. Following the completion of the transaction, the chief executive officer owned 2,397,392 shares in the company, valued at approximately $598,149,304. This represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 246,150 shares of company stock worth $55,805,379. Corporate insiders own  12.99% of the company's stock. </p><h2>Institutional Investors Weigh In On Alphabet</h2><ul><li>MarketBeat Week in Review – 10/20 - 10/24</li></ul><p>Large investors have recently made changes to their positions in the business. Holocene Advisors LP bought a new stake in  Alphabet during the second quarter valued at approximately $455,745,000.  Worldquant Millennium Advisors LLC lifted its position in  Alphabet by 76.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider's stock worth $330,886,000 after buying an additional 806,681 shares during the last quarter.  Torno Capital LLC lifted its position in  Alphabet by 368.1% in the 2nd quarter. Torno Capital LLC now owns 387,500 shares of the information services provider's stock worth $68,739,000 after buying an additional 532,050 shares during the last quarter.  Man Group plc lifted its position in  Alphabet by 47.3% in the 2nd quarter. Man Group plc now owns 1,398,373 shares of the information services provider's stock worth $248,057,000 after buying an additional 449,062 shares during the last quarter.  Finally, Select Equity Group L.P. lifted its position in  Alphabet by 67.0% in the 2nd quarter. Select Equity Group L.P. now owns 686,780 shares of the information services provider's stock worth $121,828,000 after buying an additional 275,421 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors. </p><h2>Alphabet Company Profile</h2> (Get Free Report)<p>Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.</p><h2>Read More</h2><ul><li>Five stocks we like better than Alphabet</li><li>Investing In Automotive Stocks</li><li>Tesla Stock: The Bulls Are Winning…For Now</li><li>TSX Venture Exchange (Formerly Canadian Venture Exchange)</li><li>This Mega-Cap Stock Has the Lowest RSI—and the Most Upside</li><li>What is a Dividend King? </li><li>3 Signals Pointing to a Turnaround for Albemarle</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R09PRw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R09PRw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Alphabet Right Now?</h2><p>Before you consider Alphabet, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.</p><p>While Alphabet currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Alphabet (NASDAQ:GOOG) reported quarterly earnings of $2.87 per share, exceeding expectations by $0.58. The company achieved a return on equity of 34.31% and a net margin of 31.12%. Following the announcement, Alphabet's stock rose 2.5% to $275.17. Analysts have upgraded their ratings, with a consensus price target of $280.45. Recent insider sales included CAO Amie Thuener O'toole and CEO Sundar Pichai, who sold shares valued at over $8 million. Institutional investors have also increased their stakes in the company significantly.</p>

- Alphabet reported quarterly earnings of $2.87 per share, exceeding estimates by $0.58, with a net margin of 31.12% and a return on equity of 34.31%.  
- The company's stock rose 2.5% to $275.17, with significant trading volume and a market capitalization of $3.33 trillion.  
- Analysts have mixed ratings on Alphabet, with a consensus price target of $280.45, while insiders have sold shares recently, indicating potential shifts in ownership.

Alphabet (NASDAQ:GOOG) Announces Quarterly Earnings Results, Beats Expectations By $0.58 EPS