ABN AMRO Bank N.V. grew its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 25.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 754,395 shares of the information services provider's stock after purchasing an additional 151,530 shares during the period. Alphabet makes up about 3.5% of ABN AMRO Bank N.V.'s portfolio, making the stock its 7th biggest position. ABN AMRO Bank N.V.'s holdings in Alphabet were worth $268,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. EMC Capital Management purchased a new position in shares of Alphabet during the 4th quarter worth about $33,000. Lifetime Wealth Management P.C. purchased a new stake in Alphabet in the 4th quarter worth about $32,000. IFC & Insurance Marketing Inc. bought a new stake in Alphabet in the fourth quarter worth about $38,000. Bard Associates Inc. purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $52,000. Finally, Uniplan Investment Counsel Inc. purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $65,000. Hedge funds and other institutional investors own 40.03% of the company's stock.
Analyst Ratings Changes
Several equities analysts have commented on GOOGL shares. DA Davidson set a $350.00 price objective on Alphabet and gave the company a "neutral" rating in a research report on Thursday, July 23rd. Truist Financial set a $420.00 target price on Alphabet and gave the stock a "buy" rating in a research report on Thursday, July 23rd. China Renaissance boosted their target price on shares of Alphabet from $400.00 to $485.00 and gave the company a "buy" rating in a research note on Monday, May 4th. Phillip Securities upgraded shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. restated a "buy" rating on shares of Alphabet in a report on Monday, May 4th. Six equities research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $420.19.
View Our Latest Stock Analysis on Alphabet
Insider Buying and Selling
In related news, Director Frances Arnold sold 82 shares of the firm's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $333.39, for a total transaction of $27,337.98. Following the completion of the sale, the director directly owned 18,914 shares in the company, valued at approximately $6,305,738.46. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 451,843 shares of company stock valued at $12,343,852 over the last 90 days. Insiders own 11.61% of the company's stock.
Alphabet Trading Up 1.7%
Alphabet stock opened at $346.59 on Friday. The firm has a market cap of $4.24 trillion, a PE ratio of 17.41, a P/E/G ratio of 0.96 and a beta of 1.24. Alphabet Inc. has a 12 month low of $206.20 and a 12 month high of $408.61. The stock's 50 day simple moving average is $349.62 and its two-hundred day simple moving average is $341.74. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results 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 business had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Analysts anticipate that Alphabet Inc. will post 20.5 earnings per share for the current year.
Alphabet Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet's dividend payout ratio is presently 4.42%.
More Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google Cloud and AI remain the main growth drivers. Rising Cloud revenue, AI adoption and a reported $514 billion backlog strengthen Alphabet’s competitive position against Microsoft and Amazon, although capacity constraints could limit near-term execution. Rising Cloud Revenue Strengthens Alphabet Against MSFT & AMZN
- Positive Sentiment: New Gemini and AI Mode features could increase user engagement and monetization. Google is expanding AI Mode to track flight prices and assist with hotel bookings, while reviews of its personal-intelligence tools suggest broader consumer adoption. Employees are also reportedly testing a next-generation Gemini Flash model. Google's AI Mode can now track flight prices, help book hotels, and more
- Positive Sentiment: Analyst sentiment and technical momentum remain favorable. Brokerages maintain an average “Buy” recommendation, while technical commentary points to support above approximately $340. Alphabet’s valuation, margins and cash generation are viewed as attractive relative to many AI peers. Alphabet Receives Average Recommendation of Buy
- Positive Sentiment: Alphabet’s custom-chip strategy is creating demand for AI infrastructure. Marvell’s large Google-related AI-chip opportunity highlights Alphabet’s willingness to invest in proprietary computing capacity, potentially supporting long-term performance and reducing reliance on outside suppliers. Marvell’s Google AI-chip opportunity
- Neutral Sentiment: Google changed its European spam and site-reputation policy. The adjustment is intended to address European Commission concerns and reduce the risk of an antitrust fine, but it may affect how Google ranks publisher content and reflects ongoing regulatory pressure. Google changes spam policy in EU to avert antitrust fine
- Negative Sentiment: Legal risks continue to weigh on the investment case. Multiple law firms announced securities-fraud investigations, while Google agreed to a $353 million settlement with UK app developers. These announcements do not establish wrongdoing but could create financial and reputational costs. Google agrees to settle UK app developers’ lawsuit
- Negative Sentiment: The FTC is reportedly considering action involving YouTube. The investigation concerns account suspensions and possible consumer-protection violations, adding another regulatory overhang for Alphabet. US FTC probes YouTube over social media policies
About Alphabet
(
Free Report)
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.
Further Reading
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