Aegis Wealth Management LLC Purchases Shares of 3,393 Alphabet Inc. $GOOGL

Aegis Wealth Management LLC purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,393 shares of the information services provider's stock, valued at approximately $1,213,000. Alphabet accounts for about 0.6% of Aegis Wealth Management LLC's investment portfolio, making the stock its 20th largest holding.

Other institutional investors have also modified their holdings of the company. Lifetime Wealth Management P.C. acquired a new position in Alphabet in the fourth quarter valued at approximately $32,000. EMC Capital Management acquired a new position in shares of Alphabet in the 4th quarter valued at $33,000. IFC & Insurance Marketing Inc. purchased a new stake in Alphabet during the fourth quarter worth $38,000. Bard Associates Inc. acquired a new stake in Alphabet during the fourth quarter valued at $52,000. Finally, iSAM Funds UK Ltd purchased a new position in Alphabet in the third quarter valued at $53,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts remain constructive on Alphabet’s valuation and growth outlook. Citizens analyst Andrew Boone expects the stock to reach a new record high over the next 12 months, while other commentary highlights strong cloud momentum and argues that market concerns about Alphabet may be excessive. Wall Street analyst sets Google price target One Mag 7 Stock to Watch
• Positive Sentiment: Google- and Meta-backed Jio Platforms received approval for an Indian IPO. The listing could provide Alphabet with a potential valuation catalyst for its investment and increase visibility into the value of the stake. Jio Platforms IPO approval
• Neutral Sentiment: Alphabet is balancing record cloud growth against historically high AI-related capital spending. Investors are focused on whether rising infrastructure costs will generate sufficient future revenue and margins compared with Amazon’s spending strategy. Alphabet and Amazon AI capital spending
• Neutral Sentiment: Director Frances Arnold sold 82 shares for approximately $27,692, reducing her direct holdings by 0.43%. The relatively small transaction is unlikely to materially change the investment case, but it may attract limited attention amid the stock’s recent volatility. Alphabet insider transaction filing
• Negative Sentiment: Fresh scrutiny of Google’s £260 million U.K. app-store settlement added to regulatory pressure. Reports also say Google changed European search rules to avoid a potentially much larger EU revenue penalty, though the concessions could weaken its search economics and competitive position. Google U.K. app-store settlement Google European search rules
• Negative Sentiment: Investors continue to debate whether Meta’s AI products could challenge Google Search and whether Alphabet’s AI investment will pressure returns before producing meaningful new revenue. Concerns about talent departures and the uncertain reception for future Gemini releases are also weighing on sentiment. Meta AI competition with Google Search

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets set a $465.00 target price on shares of Alphabet and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Loop Capital lifted their price target on Alphabet from $355.00 to $490.00 and gave the company a "buy" rating in a research note on Friday, May 15th. Wall Street Zen cut Alphabet from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. HSBC reiterated a "buy" rating and set a $420.00 price target (down from $435.00) on shares of Alphabet in a research report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. restated a "buy" rating on shares of Alphabet in a research 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 issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $420.19.

Alphabet Trading Down 2.1%

Shares of Alphabet stock opened at $339.35 on Tuesday. 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 Inc. has a twelve month low of $206.20 and a twelve month high of $408.61. The firm has a market capitalization of $4.15 trillion, a PE ratio of 17.04, a P/E/G ratio of 0.97 and a beta of 1.24. The firm's 50-day moving average price is $349.41 and its 200 day moving average price is $342.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data 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 return on equity of 51.32% and a net margin of 54.77%.The company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. On average, sell-side analysts predict that Alphabet Inc. will post 20.5 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's payout ratio is currently 4.42%.

Insider Transactions at Alphabet

In other Alphabet news, 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. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 451,925 shares of company stock valued at $12,371,544 over the last ninety days. Insiders own 11.61% of the company's stock.

Alphabet Company Profile

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source