Elevated Capital Advisors LLC Cuts Stock Holdings in Alphabet Inc. $GOOGL

Elevated Capital Advisors LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 34.7% during the second quarter, Holdings Channel reports. The firm owned 5,454 shares of the information services provider’s stock after selling 2,898 shares during the period. Alphabet makes up about 0.5% of Elevated Capital Advisors LLC’s holdings, making the stock its 28th biggest holding. Elevated Capital Advisors LLC’s holdings in Alphabet were worth $1,949,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Lifetime Wealth Management P.C. purchased a new stake in Alphabet during the fourth quarter valued at about $32,000. EMC Capital Management purchased a new position in shares of Alphabet in the 4th quarter worth about $33,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Alphabet in the 4th quarter worth about $38,000. Bard Associates Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at about $52,000. Finally, iSAM Funds UK Ltd acquired a new position in shares of Alphabet in the 3rd quarter valued at about $53,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the transaction, the director directly owned 1,481 shares in the company, valued at approximately $545,941.03. This represents a 41.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The SEC filing for this sale provides additional information. In the last three months, insiders sold 451,945 shares of company stock valued at $12,382,714. 11.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of research analyst reports. Bank of America increased their target price on shares of Alphabet from $370.00 to $430.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Truist Financial set a $420.00 price target on shares of Alphabet and gave the company a “buy” rating in a research report on Thursday, July 23rd. Wall Street Zen downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Canaccord Genuity Group increased their price objective on shares of Alphabet from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Stifel Nicolaus set a $420.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a research report on Thursday, April 30th. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $420.19.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $340.67 on Friday. The company has a market cap of $4.17 trillion, a P/E ratio of 17.11, a PEG 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 one year low of $199.43 and a one year high of $408.61. The business’s 50-day simple moving average is $352.30 and its 200 day simple moving average is $341.34.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. The firm had revenue of $119.80 billion during 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%. On average, sell-side analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s payout ratio is presently 4.42%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analyst remains bullish: Rosenblatt Securities reaffirmed its “buy” rating and set a $410 price target, implying substantial upside from the recent trading level. Analyst Scott Devitt also expects Alphabet to reach a new all-time high over the next 12 months. Rosenblatt rating
• Positive Sentiment: AI infrastructure and cloud growth remain key positives: Google Cloud reportedly grew revenue 82% year over year in the latest quarter, while Alphabet’s partnership with Marvell expands access to custom AI accelerators, networking, storage, and memory technologies connected to Google’s TPU ecosystem. The deal could improve supply-chain flexibility and support long-term AI capacity. Marvell Google AI chip deal
• Positive Sentiment: Waymo is expanding commercially: Alphabet’s autonomous-driving unit opened its lower-cost next-generation robotaxi to all riders in Los Angeles, Phoenix, and San Francisco, potentially improving the economics and scalability of the business. Waymo robotaxi expansion
• Neutral Sentiment: Google introduced a “favorite source” feature that lets users prioritize publishers in Search, Discover, and Google News. The move may help preserve publisher relationships and search content quality, but its effect on revenue is uncertain. Google publisher feature
• Neutral Sentiment: Alphabet is reportedly raising approximately $3.9 billion through its first Australian-dollar bond sale. The financing could support AI infrastructure investment, though it also underscores the capital intensity of the company’s expansion plans. Alphabet Australian dollar bond
• Negative Sentiment: Custom-chip competition is increasing: Marvell’s agreement and potential $12.2 billion warrant give Google an incentive to direct more purchases toward Marvell, raising concerns that Broadcom’s previously dominant role in Google’s TPU ecosystem could be diluted. While diversification may benefit Google over time, investors may view the deal as evidence that AI spending will require heavier investment and a more complex supply chain.
• Negative Sentiment: Legal and execution risks remain: A court delayed approval of Google’s proposed purchase of Spirit Airlines’ internal data after union objections, while Micro1 is offering more than Google’s reported $10 million bid. Separately, the departure of longtime AI leader Jeff Dean and expectations that the flagship Gemini Pro release may be delayed into the autumn add to investor uncertainty. Spirit Airlines data sale delay
• Negative Sentiment: A law firm announced an investigation into potential claims on behalf of Alphabet investors, creating an additional headline risk, although no allegations or financial impact were established in the announcement. Alphabet investor investigation

Alphabet 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.