32,870 Shares in Alphabet Inc. $GOOGL Bought by Agur Provident & Training Funds Management Ltd.

Key Points

• Agur Provident & Training Funds Management purchased 32,870 Alphabet shares in the second quarter, valued at approximately $11.1 million. Alphabet now represents 2.6% of the fund’s portfolio, while institutional investors collectively own 40.03% of GOOGL.
• Alphabet reported quarterly earnings of $9.11 per share and revenue of $119.8 billion, exceeding analyst estimates. The company also paid a quarterly dividend of $0.22 per share, equivalent to a 0.3% annual yield.
• Analyst sentiment remains favorable, with a consensus “Buy” rating and an average price target of $422.16. Growth opportunities include AI-chip sales and Waymo’s international expansion, while antitrust restrictions, higher rates and heavy AI infrastructure spending remain risks.

Agur Provident & Training Funds Management Ltd. bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 32,870 shares of the information services provider's stock, valued at approximately $11,053,000. Alphabet comprises 2.6% of Agur Provident & Training Funds Management Ltd.'s portfolio, making the stock its 12th largest position.

A number of other hedge funds also recently bought and sold shares of GOOGL. Alternative Investment Advisors LLC. increased its holdings in shares of Alphabet by 3.0% during the 2nd quarter. Alternative Investment Advisors LLC. now owns 6,139 shares of the information services provider's stock worth $2,194,000 after purchasing an additional 177 shares during the period. Cornerstone Financial Management LLC raised its position in shares of Alphabet by 18.2% during the second quarter. Cornerstone Financial Management LLC now owns 3,935 shares of the information services provider's stock valued at $1,406,000 after buying an additional 605 shares during the last quarter. Formuepleje A S lifted its stake in shares of Alphabet by 12.0% in the second quarter. Formuepleje A S now owns 249,813 shares of the information services provider's stock valued at $89,276,000 after buying an additional 26,747 shares during the period. Tucker Asset Management LLC lifted its stake in shares of Alphabet by 1.9% in the second quarter. Tucker Asset Management LLC now owns 2,381 shares of the information services provider's stock valued at $851,000 after buying an additional 45 shares during the period. Finally, Principia Wealth Advisory LLC grew its position in Alphabet by 7.3% during the second quarter. Principia Wealth Advisory LLC now owns 1,457 shares of the information services provider's stock worth $521,000 after buying an additional 99 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Price Performance

Shares of GOOGL stock opened at $349.54 on Monday. The firm has a market capitalization of $4.27 trillion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.01 and a beta of 1.22. 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 firm's 50 day moving average is $345.20 and its 200-day moving average is $345.18. Alphabet Inc. has a 1 year low of $235.84 and a 1 year high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate 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%. Sell-side analysts forecast that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were paid 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 was Friday, September 4th. Alphabet's payout ratio is 4.42%.

Insider Buying and Selling

In related news, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 450,875 shares of company stock valued at $11,984,482 over the last ninety days. 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: AI chip sales add a new revenue stream: Alphabet began recognizing revenue from sales of its internally developed AI chip systems in the second quarter. Investors may view the business as both a potential growth driver and a way to monetize Google’s technology infrastructure. 2 Stocks to Buy as Google Starts Selling Its AI Chips
• Positive Sentiment: Analyst raises price target: Tigress Financial Partners increased its price target for GOOGL to $485, reflecting confidence in Alphabet’s Search, Cloud, YouTube, Gemini and custom-chip opportunities. Alphabet Price Target Raised to $485
• Positive Sentiment: Waymo expands internationally: Alphabet’s autonomous-driving unit plans to launch an all-electric robotaxi service in Singapore by 2028, strengthening the long-term investment case for Alphabet’s “Other Bets” portfolio. Waymo to Bring Autonomous Ride-Hailing to Singapore
• Positive Sentiment: Options activity signals bullish positioning: Investors purchased roughly 520,000 Alphabet call options, above typical volume, indicating increased speculative interest in further upside.
• Neutral Sentiment: Ad-tech ruling avoids a breakup but imposes restrictions: A federal judge ordered Google to share more auction data with publishers and appoint an antitrust monitor, but rejected a forced breakup. Avoiding structural separation limits the immediate risk to Alphabet’s advertising business, while the behavioral remedies could pressure operations and margins. Tech Watchdogs Criticize Google Adtech Ruling
• Negative Sentiment: Higher rates and AI spending remain risks: The Federal Reserve’s rate increase and Alphabet’s heavy investment in AI infrastructure could keep pressure on free cash flow and valuation, even as Cloud backlog and AI demand remain strong.

Analyst Ratings Changes

GOOGL has been the subject of several recent research reports. KeyCorp upped their price target on Alphabet from $425.00 to $445.00 and gave the company an "overweight" rating in a report on Friday, July 10th. Rosenblatt Securities reissued a "buy" rating and set a $410.00 price objective on shares of Alphabet in a report on Thursday, September 3rd. Wedbush restated an "outperform" rating and set a $445.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. Needham & Company LLC restated a "buy" rating and issued a $450.00 target price on shares of Alphabet in a research note on Wednesday, June 3rd. Finally, Tigress Financial reaffirmed a "strong-buy" rating and issued a $485.00 target price (up from $415.00) on shares of Alphabet in a research report on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet has an average rating of "Buy" and an average price target of $422.16.

Alphabet Profile

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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