Absolute Gestao de Investimentos Ltda. Buys 3,000 Shares of Alphabet Inc. $GOOGL

Key Points

• Absolute Gestao de Investimentos increased its Alphabet stake by 42.9%, purchasing 3,000 additional shares to hold 10,000 shares valued at approximately $2.88 million. Institutional investors collectively own 40.03% of Alphabet.
• Alphabet reported a strong quarter, with $119.8 billion in revenue versus the $117.1 billion consensus estimate and EPS of $9.11 versus $2.89 expected. Analysts maintain a consensus “Buy” rating with an average price target of $419.86.
• Alphabet’s AI, cloud and Waymo expansion support its growth outlook, but regulatory challenges and heavy AI infrastructure commitments pose risks. The company also declared a quarterly dividend of $0.22 per share.

Absolute Gestao de Investimentos Ltda. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 42.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,000 shares of the information services provider's stock after acquiring an additional 3,000 shares during the period. Absolute Gestao de Investimentos Ltda.'s holdings in Alphabet were worth $2,876,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GOOGL. Vanguard Group Inc. lifted its holdings in shares of Alphabet by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock worth $165,567,398,000 after purchasing an additional 12,531,695 shares in the last quarter. State Street Corp increased its stake in Alphabet by 1.8% during the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock valued at $40,524,841,000 after purchasing an additional 4,008,374 shares in the last quarter. Geode Capital Management LLC increased its stake in Alphabet by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider's stock valued at $45,625,595,000 after purchasing an additional 2,666,676 shares in the last quarter. Norges Bank acquired a new position in Alphabet during the fourth quarter worth $30,534,239,000. Finally, Bank of America Corp DE lifted its stake in shares of Alphabet by 4.9% in the fourth quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider's stock valued at $21,630,861,000 after buying an additional 3,218,852 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on GOOGL shares. Rosenblatt Securities reiterated a "neutral" rating and set a $393.00 price objective on shares of Alphabet in a report on Thursday, July 23rd. DZ Bank raised shares of Alphabet to a "strong-buy" rating in a research report on Thursday, July 23rd. Needham & Company LLC reiterated a "buy" rating and set a $450.00 price target on shares of Alphabet in a research note on Wednesday, June 3rd. Morgan Stanley set a $400.00 price target on Alphabet and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Finally, Wolfe Research decreased their price objective on Alphabet from $390.00 to $360.00 and set an "outperform" rating for the company in a report on Friday, April 10th. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $419.86.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI and earnings momentum remain the main catalyst. Alphabet’s recent quarterly results substantially exceeded expectations, with revenue of $119.8 billion versus the $117.1 billion consensus estimate. Analysts and investors are increasingly viewing the company’s heavy AI spending as supporting accelerating cloud revenue and future monetization. AI stocks have bottomed
• Positive Sentiment: Waymo is showing progress toward commercialization. Alphabet-owned Waymo removed the waitlist for its Dallas robotaxi service, expanding access as it scales across the United States and internationally. Separate analysis reported that Waymo vehicles have materially lower crash rates than human-driven vehicles, strengthening the long-term case for the business. Waymo expands Dallas robotaxi service
• Positive Sentiment: Google’s commercial AI reach is broadening. Oracle is deepening its integration with Google Gemini, while Google also secured computing and strategic partnerships involving SpaceX, Paris Saint-Germain and renewable-energy developer RWE. These deals could support enterprise adoption, cloud demand and infrastructure reliability. Oracle deepens Gemini integration
• Neutral Sentiment: Alphabet is participating in White House AI discussions. Google, OpenAI and Anthropic met with administration advisers regarding voluntary safety testing and a proposed AI oversight framework. Clearer rules could eventually benefit large platforms, although new compliance requirements remain uncertain. White House AI safety meeting
• Negative Sentiment: Legal and regulatory risks are limiting the upside. Pomerantz LLP is investigating potential investor claims, while an advocacy group urged courts to require Google to divest Chrome. Alphabet also faces renewed scrutiny over alleged exclusionary ad-tech practices. These matters could lead to fines, structural remedies or increased operating restrictions. Chrome divestiture advocacy
• Negative Sentiment: AI infrastructure commitments create financial risk. Alphabet is among several hyperscalers facing roughly $1.09 trillion in future data-center lease payments, raising concerns about capital intensity and returns if AI demand or monetization slows. Big Tech data-center lease burden

Alphabet Trading Up 1.1%

Shares of GOOGL stock opened at $377.65 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The company has a market capitalization of $4.62 trillion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.05 and a beta of 1.24. Alphabet Inc. has a 52-week low of $193.67 and a 52-week high of $408.61. The company has a 50-day simple moving average of $357.37 and a two-hundred day simple moving average of $339.91.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its 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. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. Research analysts anticipate 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 will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, September 4th. Alphabet's dividend payout ratio (DPR) is 4.42%.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 82 shares of the firm's stock in a transaction on Thursday, July 30th. The stock was 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 of the company's stock, valued at $6,305,738.46. This trade represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet 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. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 600,547 shares of company stock valued at $16,255,540. 11.61% of the stock is owned by insiders.

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.

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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