Opal Capital LLC Has $3.07 Million Stock Holdings in Alphabet Inc. $GOOGL

Opal Capital LLC decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 19.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 10,686 shares of the information services provider’s stock after selling 2,587 shares during the period. Opal Capital LLC’s holdings in Alphabet were worth $3,073,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RIHO Partners LLC increased its position in shares of Alphabet by 19.9% during the first quarter. RIHO Partners LLC now owns 38,825 shares of the information services provider’s stock worth $11,165,000 after buying an additional 6,457 shares during the period. Amundi boosted its position in Alphabet by 12.7% during the first quarter. Amundi now owns 31,745,979 shares of the information services provider’s stock valued at $9,128,850,000 after acquiring an additional 3,574,810 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Alphabet by 13.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 121,438 shares of the information services provider’s stock worth $34,920,000 after acquiring an additional 14,795 shares during the period. Talon Private Wealth LLC acquired a new stake in Alphabet during the 1st quarter worth about $2,766,000. Finally, Core Wealth Advisors Inc. raised its position in shares of Alphabet by 13.7% in the 1st quarter. Core Wealth Advisors Inc. now owns 1,302 shares of the information services provider’s stock worth $374,000 after acquiring an additional 157 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $333.39, for a total transaction of $27,337.98. Following the transaction, the director owned 18,914 shares of the company’s stock, valued at $6,305,738.46. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Kent Walker sold 8,998 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the sale, the insider owned 75,290 shares of the company’s stock, valued at $26,298,044.10. This trade represents a 10.68% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 600,547 shares of company stock valued at $16,255,540. 11.61% of the stock is owned by company insiders.

Alphabet Stock Down 1.3%

Alphabet stock opened at $357.75 on Friday. The firm has a market capitalization of $4.38 trillion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.02 and a beta of 1.24. The firm’s fifty day moving average price is $356.20 and its two-hundred day moving average price is $340.31. Alphabet Inc. has a 1-year low of $194.33 and a 1-year high of $408.61. 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 (NASDAQ:GOOGL) last posted its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. On average, equities research analysts predict that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s payout ratio is currently 4.42%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GOOGL. Daiwa Securities Group boosted their price objective on Alphabet from $380.00 to $445.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Citizens Jmp reiterated a “market outperform” rating and issued a $515.00 target price on shares of Alphabet in a report on Wednesday, July 22nd. Pivotal Research reissued a “buy” rating and issued a $475.00 price target (up from $470.00) on shares of Alphabet in a research note on Thursday, July 23rd. Dbs Bank increased their price target on Alphabet from $400.00 to $460.00 in a report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a research report on Friday, July 17th. Six analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Buy” and an average price target of $419.86.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is seeking up to $25 billion through a 10-part U.S. bond offering, with reports indicating orders could exceed $115 billion. The strong demand suggests investors and lenders remain confident in Alphabet’s credit profile, while the funds will support AI data centers, computing capacity and other corporate needs. Alphabet seeks up to $25 billion from its latest bond sale
• Positive Sentiment: AI demand continues to create growth opportunities for Google Cloud. AI lab Mirendil signed a multiyear agreement worth more than $100 million for Google Cloud computing capacity, reinforcing demand for Alphabet’s infrastructure and services. Mirendil signs Google Cloud deal
• Neutral Sentiment: Demis Hassabis is moving from day-to-day leadership of Google DeepMind to become Alphabet’s chief scientist and chair of DeepMind, with a focus on long-term research, artificial general intelligence and Isomorphic Labs. Management says the change is intended to improve coordination between research and commercialization. Demis Hassabis new role
• Negative Sentiment: Investors remain concerned that Hassabis’ reduced operating role, combined with the departure of longtime chief scientist Jeff Dean and other senior researchers, could weaken Alphabet’s ability to retain talent and compete in frontier AI. The leadership changes followed concerns about delays in Google’s next-generation Gemini products. Google AI leadership departures
• Negative Sentiment: The debt offering highlights the scale of Alphabet’s AI spending. Although borrowing can preserve cash for operations, it increases interest obligations and intensifies scrutiny over whether future AI revenue will justify the substantial capital investment. Alphabet bond offering and AI spending
• Negative Sentiment: Alphabet’s planned $15 billion India data-center project faces opposition over potential effects on water supplies and wildlife, creating possible permitting, reputational and construction risks. Google India data center environmental concerns

About Alphabet

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.