Alphabet Inc. $GOOGL Shares Bought by Spinnaker Investment Group LLC

Spinnaker Investment Group LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 51.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 4,759 shares of the information services provider’s stock after purchasing an additional 1,616 shares during the quarter. Spinnaker Investment Group LLC’s holdings in Alphabet were worth $1,701,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Strategic Wealth Advisors LLC lifted its stake in Alphabet by 6.0% during the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider’s stock valued at $137,000 after buying an additional 27 shares in the last quarter. Rockbridge Investment Management LCC grew its stake in Alphabet by 0.5% in the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider’s stock valued at $1,570,000 after purchasing an additional 27 shares in the last quarter. Ruggaard & Associates LLC increased its holdings in Alphabet by 0.9% in the first quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider’s stock worth $840,000 after buying an additional 27 shares during the last quarter. Cadia Private Client LLC increased its stake in shares of Alphabet by 1.1% during the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider’s stock worth $744,000 after purchasing an additional 28 shares during the last quarter. Finally, Evansbrook LLC increased its position in Alphabet by 0.3% during the first quarter. Evansbrook LLC now owns 9,522 shares of the information services provider’s stock worth $2,738,000 after buying an additional 28 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Kent Walker sold 8,998 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the sale, the insider directly owned 75,290 shares of the company’s stock, valued at $26,298,044.10. This represents a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 451,945 shares of company stock worth $12,382,714. Company insiders own 11.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays reissued an “overweight” rating and issued a $425.00 price target (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Freedom Capital raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Truist Financial set a $420.00 target price on shares of Alphabet and gave the company a “buy” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $425.00 price target on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Rothschild & Co Redburn raised their price objective on shares of Alphabet from $390.00 to $430.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $419.86.

Alphabet Price Performance

GOOGL opened at $344.17 on Wednesday. The company has a fifty day moving average price of $352.87 and a two-hundred day moving average price of $341.28. The firm has a market capitalization of $4.21 trillion, a PE ratio of 17.29, a P/E/G ratio of 0.97 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a 52 week low of $196.60 and a 52 week high of $408.61.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. The firm had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. As a group, analysts anticipate that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be paid 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 Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is presently 4.42%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway sharply increased its Alphabet position. Berkshire disclosed an 83% second-quarter increase, adding approximately 48 million shares and bringing its holding to nearly 106 million shares valued at about $37 billion. Warren Buffett said he initiated the investment, reinforcing the view that Alphabet offers strong cash generation, attractive valuation and durable growth. Berkshire Just Made a Huge Alphabet Bet—Should You Follow?
• Positive Sentiment: Other prominent investors also reported Alphabet purchases. Filings indicated buying by investors including David Tepper, Stanley Druckenmiller and Seth Klarman, adding to the institutional endorsement of GOOGL’s AI, cloud and advertising outlook. Billionaires Loading Into Alphabet Stock
• Positive Sentiment: Alphabet is expanding its AI capabilities. Google agreed to pay $10 million for anonymized Spirit Airlines business data and software for product development and AI training, while some employees from workflow-automation startup Relay are joining Google’s Chrome team. These moves support continued investment in AI products, though the direct financial impact is likely limited. Google to Buy Spirit Airlines Business Data
• Neutral Sentiment: AI spending is creating both opportunity and financing pressure. Alphabet was among several companies issuing large volumes of AI-related debt, potentially funding cloud and data-center expansion but increasing interest costs and balance-sheet risk. Reports that Alphabet is considering an Australian-dollar bond could reinforce that concern. AI’s Borrowing Binge
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Alphabet investors. The release provided few details, and an investigation does not establish wrongdoing, but the announcement could create short-term legal and reputational pressure. Pomerantz Investor Alert

Alphabet Company Profile

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.