Symphony Financial Ltd. Co. Boosts Holdings in Alphabet Inc. $GOOGL

Symphony Financial Ltd. Co. raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 5.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 46,676 shares of the information services provider’s stock after buying an additional 2,467 shares during the quarter. Alphabet comprises about 1.8% of Symphony Financial Ltd. Co.’s holdings, making the stock its 11th largest position. Symphony Financial Ltd. Co.’s holdings in Alphabet were worth $16,548,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GOOGL. Lifetime Wealth Management P.C. acquired a new position in shares of Alphabet during the fourth quarter worth about $32,000. EMC Capital Management purchased a new position in Alphabet during the fourth quarter worth about $33,000. IFC & Insurance Marketing Inc. acquired a new stake in Alphabet in the fourth quarter valued at about $38,000. Bard Associates Inc. acquired a new stake in Alphabet in the fourth quarter valued at about $52,000. Finally, iSAM Funds UK Ltd purchased a new stake in Alphabet in the 3rd quarter valued at approximately $53,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on GOOGL shares. President Capital boosted their target price on Alphabet from $375.00 to $465.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Dbs Bank raised their price target on Alphabet from $400.00 to $460.00 in a report on Thursday, May 7th. BMO Capital Markets set a $465.00 price target on Alphabet and gave the company an “outperform” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, May 4th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $450.00 price objective on shares of Alphabet in a research report on Wednesday, June 3rd. Six equities research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Buy” and a consensus price target of $420.19.

Insider Transactions at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the firm’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 owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. This represents a 41.49% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 451,945 shares of company stock valued at $12,382,714. Company insiders own 11.61% of the company’s stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Rosenblatt upgraded Alphabet to “strong buy” and reiterated a $410 price target, implying substantial upside and reinforcing the bullish view following Alphabet’s strong earnings report. Alphabet upgraded by Rosenblatt Securities
• Positive Sentiment: Alphabet’s AI spending continues to attract major customers and suppliers. Marvell’s custom-chip agreement includes a warrant structure that would require up to $120 billion of cumulative purchases from Google for full vesting, signaling the potentially enormous scale of Alphabet’s TPU and AI infrastructure buildout. Google’s Marvell warrant
• Positive Sentiment: Waymo received approval to operate up to thousands of commercial robotaxis in Nevada and opened its lower-cost next-generation vehicle to riders in Los Angeles, Phoenix, and San Francisco. Lower production and operating costs could improve the long-term economics of Alphabet’s autonomous-driving unit. Waymo Nevada robotaxi approval
• Positive Sentiment: Alphabet’s earnings momentum remains a support for the stock. The company recently exceeded consensus estimates for both adjusted earnings and revenue, while analysts and prominent investors—including Berkshire Hathaway—continue to highlight Alphabet’s AI positioning and valuation.

Alphabet Trading Up 1.2%

Shares of Alphabet stock opened at $344.82 on Friday. The company has a 50-day moving average of $352.00 and a two-hundred day moving average of $341.37. Alphabet Inc. has a 12-month low of $201.30 and a 12-month 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. The stock has a market cap of $4.22 trillion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last announced its quarterly 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. The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. On average, research analysts anticipate that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Announces Dividend

The company 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 $0.22 dividend. 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%.

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.