71 West Capital Partners Boosts Stake in Alphabet Inc. $GOOG

Key Points

• 71 West Capital Partners increased its Alphabet stake by 21.4% in the second quarter, purchasing 13,333 additional shares. Its 75,689 shares were valued at approximately $26.7 million and represented 0.9% of the fund’s portfolio.
• Analysts remain broadly bullish on Alphabet, with a consensus “Buy” rating and an average price target of $415.55. Six analysts rate the stock a Strong Buy, while 29 assign a Buy rating.
• Alphabet reported strong quarterly results, including $9.11 in earnings per share and $119.8 billion in revenue, exceeding estimates and reflecting 24.2% year-over-year revenue growth. The company also declared a quarterly dividend of $0.22 per share, although insiders sold more than 451,000 shares over the past three months.

71 West Capital Partners boosted its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 21.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,689 shares of the information services provider's stock after purchasing an additional 13,333 shares during the period. Alphabet makes up approximately 0.9% of 71 West Capital Partners' investment portfolio, making the stock its 21st biggest holding. 71 West Capital Partners' holdings in Alphabet were worth $26,743,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Nvest Wealth Strategies Inc. purchased a new position in shares of Alphabet during the fourth quarter worth approximately $38,000. Lifetime Wealth Management P.C. purchased a new position in shares of Alphabet during the fourth quarter valued at $38,000. Imprint Wealth LLC bought a new stake in shares of Alphabet in the third quarter valued at about $31,000. Bard Associates Inc. bought a new stake in shares of Alphabet in the fourth quarter valued at about $41,000. Finally, Towne Trust Company N.A lifted its stake in Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock worth $42,000 after acquiring an additional 34 shares during the period. Hedge funds and other institutional investors own 27.26% of the company's stock.

Analyst Ratings Changes

GOOG has been the subject of a number of recent research reports. Canaccord Genuity Group set a $450.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. Wedbush assumed coverage on shares of Alphabet in a report on Thursday, July 16th. They issued an "outperform" rating and a $445.00 target price for the company. Barclays reissued an "overweight" rating and set a $425.00 price target (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Stifel Nicolaus set a $420.00 price target on shares of Alphabet in a report on Wednesday, May 20th. Finally, Freedom Capital upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $415.55.

Alphabet Price Performance

NASDAQ GOOG opened at $341.28 on Wednesday. The company has a market cap of $4.17 trillion, a price-to-earnings ratio of 17.14, a PEG ratio of 0.96 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The stock's fifty day moving average price is $351.27 and its 200 day moving average price is $339.70. Alphabet Inc. has a 1 year low of $197.46 and a 1 year high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping analysts' consensus estimates of $2.87 by $6.24. The company had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.31 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be given 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 currently 4.42%.

Insider Buying and Selling

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company'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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 451,945 shares of company stock valued at $12,382,714. Insiders own 12.99% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway’s major investment: Berkshire increased its Alphabet position by 83%, adding roughly 48 million shares worth about $17 billion. Warren Buffett said he initiated the investment, providing a high-profile endorsement of Alphabet’s valuation, search resilience and rapidly growing Google Cloud business. Berkshire Hathaway Boosted Its Alphabet Stake 83%
• Positive Sentiment: AI and cloud expansion: Analysts and investors continue to highlight Alphabet’s strong AI position, including Gemini adoption, custom TPU potential and Google Cloud growth. Alphabet is also reportedly hosting Anthropic workloads, linking the company to demand for frontier AI infrastructure. Alphabet External TPU Sales Are A Likely Game Changer
• Positive Sentiment: Spirit Airlines data acquisition: Google won a $10 million bankruptcy auction for anonymized Spirit Airlines business records and software to support product development and AI training. The deal is small financially but illustrates Alphabet’s efforts to secure specialized datasets, with customer personal information reportedly excluded. Google to buy Spirit Airlines business data for $10 million
• Neutral Sentiment: Portfolio signals are divided: Several major funds, including David Tepper and other prominent managers, reported Alphabet purchases, but Bill Ackman, Viking Global and Altarock Partners also reduced or exited positions. Because 13F filings are backward-looking, they may influence sentiment without signaling current trading decisions. Hedge Funds Are Divided on MSFT and GOOGL
• Negative Sentiment: Investor-law-firm investigation: Pomerantz LLP announced an investigation into potential claims on behalf of Alphabet investors. The notice does not establish wrongdoing, but it adds headline and litigation risk. Pomerantz Investor Alert
• Negative Sentiment: Higher AI spending and debt: Alphabet is increasing bond issuance to fund data centers and AI infrastructure. The investment may support long-term growth, but heavier borrowing, supply commitments and concerns about an eventual AI-capex slowdown could pressure near-term sentiment. AI’s Half-Trillion-Dollar Borrowing Binge
• Negative Sentiment: China manufacturing exit: Google plans to complete its China manufacturing withdrawal by 2027, shifting Pixel production to Vietnam and India. The move may reduce geopolitical exposure but could create transition costs and supply-chain uncertainty. Alphabet Stock Dips as Google Plans China Manufacturing Exit

Alphabet Company Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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