Alphabet Inc. $GOOG Position Increased by Cygnus Capital Advisors LLC

Key Points

• Cygnus Capital Advisors increased its Alphabet position by 45.5% in the second quarter, bringing its holdings to 12,800 shares valued at approximately $4.52 million. Institutional investors and hedge funds own 27.26% of Alphabet.
• Alphabet reported quarterly EPS of $9.11, far above the $2.87 analyst consensus, while revenue reached $119.8 billion, up 24.2% year over year and above expectations.
• Analysts maintain a broadly positive outlook, with the stock carrying a consensus “Buy” rating and a $415.55 target price. Alphabet also declared a quarterly dividend of $0.22 per share, representing a 0.3% yield.

Cygnus Capital Advisors LLC grew its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 45.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,800 shares of the information services provider's stock after buying an additional 4,000 shares during the quarter. Alphabet makes up approximately 3.1% of Cygnus Capital Advisors LLC's portfolio, making the stock its 13th largest position. Cygnus Capital Advisors LLC's holdings in Alphabet were worth $4,523,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new position in Alphabet in the 2nd quarter worth approximately $29,000. Imprint Wealth LLC acquired a new stake in Alphabet during the 3rd quarter valued at $31,000. Lifetime Wealth Management P.C. purchased a new stake in shares of Alphabet in the fourth quarter valued at $38,000. Bard Associates Inc. purchased a new stake in shares of Alphabet in the fourth quarter valued at $41,000. Finally, Toth Financial Advisory Corp acquired a new stake in shares of Alphabet in the second quarter worth $41,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Trading Up 0.6%

NASDAQ GOOG opened at $330.39 on Friday. Alphabet Inc. has a 1-year low of $236.58 and a 1-year high of $404.47. 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 company has a market capitalization of $4.04 trillion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 0.95 and a beta of 1.21. The firm's fifty day simple moving average is $345.18 and its 200-day simple moving average is $341.69.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.87 by $6.24. The firm 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 business's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.31 earnings per share. As a group, sell-side analysts anticipate that Alphabet Inc. will post 20.5 earnings per share 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 dividend of $0.22 per share. 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 dividend payout ratio (DPR) is 4.42%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on GOOG shares. JPMorgan Chase & Co. lowered their price target on Alphabet from $460.00 to $420.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. DA Davidson reduced their price objective on Alphabet from $375.00 to $350.00 and set a "neutral" rating for the company in a research note on Thursday, July 23rd. The Goldman Sachs Group restated a "buy" rating and set a $450.00 price objective on shares of Alphabet in a research report on Thursday, May 21st. KeyCorp set a $445.00 target price on Alphabet in a research note on Friday, July 10th. Finally, Roth Capital upped their target price on Alphabet from $435.00 to $440.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $415.55.

Insider Transactions at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Frances Arnold sold 82 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $337.71, for a total value of $27,692.22. Following the completion of the transaction, the director owned 18,995 shares in the company, valued at $6,414,801.45. This represents a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 451,925 shares of company stock valued at $12,371,544 in the last three months. Corporate insiders own 12.99% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet announced a partnership with Morgan State University to establish an AI campus, potentially expanding long-term talent development, research access and adoption of Google Cloud and Gemini. Alphabet Morgan State University AI partnership
• Positive Sentiment: Google launched a dedicated Gemini app for Windows PCs, making its AI assistant more accessible and increasing the opportunity to drive usage across consumer devices and services. Gemini Windows app
• Positive Sentiment: Alphabet’s planned €13 billion investment in Finnish AI infrastructure, alongside a long-term agreement to purchase power from a nuclear plant, could provide reliable, lower-cost electricity for data centers and support Gemini, Search, Maps and YouTube. Google Finland AI infrastructure investment
• Positive Sentiment: Analysts and investment commentary continue to highlight Alphabet’s cloud growth, more than 20% revenue growth and strong recent earnings as evidence that the company can fund substantial AI investment while maintaining attractive profitability. Alphabet return on invested capital and cloud growth
• Neutral Sentiment: Reported short interest was listed at zero shares, unchanged from the prior report, so the data provide no meaningful evidence of short-covering pressure or growing bearish positioning.
• Negative Sentiment: Investors remain focused on the cost of Alphabet’s AI buildout. Estimates that AI capital expenditures could reach roughly $200 billion have raised concerns about pressure on free cash flow, even though the stock’s valuation is viewed as reasonable. Alphabet AI capital expenditures
• Negative Sentiment: Meta’s new Muse AI agent has renewed concerns that autonomous assistants could bypass traditional search pages and reduce Google search advertising opportunities. ARK Invest’s decision to sell approximately $28 million of Alphabet and buy Meta added to the competitive sentiment. Meta Muse competition
• Negative Sentiment: Potential regulation could increase infrastructure costs: proposed U.S. legislation would require large data-center users to pay the full incremental cost of power-grid upgrades, while Finnish officials have warned that Google’s expansion could strain electricity supply. Data Center Fair Share Act

About Alphabet

Alphabet Inc is a technology holding company best known as the parent company of Google. It was established in 2015 as part of a corporate restructuring intended to separate Google's core internet businesses from a collection of other ventures. Google remains Alphabet's largest business and serves users, advertisers, businesses and developers worldwide.

Google's principal products and services include its internet search engine, online advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

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