Alphabet Inc. $GOOGL Holdings Lessened by Cardano Risk Management B.V.

Key Points

• Cardano Risk Management B.V. cut its Alphabet position by 6.6% in the second quarter, selling 101,672 shares and retaining 1.44 million shares valued at approximately $514.7 million. Institutional investors and hedge funds own about 40.03% of Alphabet.
• Analysts remain broadly bullish on GOOGL: the stock has a consensus “Buy” rating and an average price target of $419.86, despite Piper Sandler reducing its target to $395.00.
• Alphabet reported quarterly revenue of $119.8 billion and EPS of $9.11, exceeding estimates, while shares opened at $345.90. Positive developments include Berkshire Hathaway’s increased stake and strong gains on Alphabet’s SpaceX investment, but rising AI spending and competitive pressures remain concerns.

Cardano Risk Management B.V. lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,440,207 shares of the information services provider's stock after selling 101,672 shares during the period. Alphabet makes up about 4.0% of Cardano Risk Management B.V.'s investment portfolio, making the stock its 6th largest position. Cardano Risk Management B.V.'s holdings in Alphabet were worth $514,687,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in GOOGL. Brighton Jones LLC lifted its holdings in Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after buying an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Alphabet by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock valued at $2,826,000 after acquiring an additional 506 shares in the last quarter. Matrix Asset Advisors Inc. NY increased its position in shares of Alphabet by 17.6% during the second quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider's stock worth $685,000 after acquiring an additional 581 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Alphabet by 11.2% during the second quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider's stock worth $85,557,000 after acquiring an additional 48,805 shares during the last quarter. Finally, United Bank lifted its stake in shares of Alphabet by 6.9% in the second quarter. United Bank now owns 48,204 shares of the information services provider's stock worth $8,495,000 after acquiring an additional 3,120 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOOGL has been the subject of a number of analyst reports. Piper Sandler reissued an "overweight" rating and issued a $395.00 price target (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. Mizuho lifted their price objective on Alphabet from $420.00 to $460.00 and gave the stock an "outperform" rating in a report on Wednesday, May 6th. Robert W. Baird upped their target price on Alphabet from $380.00 to $400.00 and gave the company an "outperform" rating in a research report on Thursday, April 30th. President Capital increased their target price on Alphabet from $375.00 to $465.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Finally, Phillip Securities upgraded Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 27th. Five investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of "Buy" and an average price target of $419.86.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway sharply increased its Alphabet position. Berkshire owned approximately 106 million shares worth $37.9 billion at the end of June after raising its stake by 83% in the second quarter. Alphabet is now Berkshire’s third-largest U.S.-listed equity holding, a high-profile vote of confidence under CEO Greg Abel. Berkshire Hathaway boosts Alphabet to a top three holding
• Positive Sentiment: Alphabet’s SpaceX investment has become exceptionally valuable. The company disclosed that its roughly $900 million investment in SpaceX in 2015 was worth about $94 billion at the end of June. The gain highlights Alphabet’s ability to generate returns from strategic investments, although it is not recurring operating revenue. Alphabet's SpaceX bet grows 100-fold over a decade
• Positive Sentiment: Google launched Gemini 3.7 Flash for coding and automated business workflows. The new model could strengthen Alphabet’s position in enterprise AI and agent-based software, although investors are still awaiting details on the flagship Gemini Pro release. Google unveils Gemini 3.7 Flash AI model
• Neutral Sentiment: Google will let users remove visible watermarks from AI-generated images, videos and songs while retaining invisible SynthID and C2PA metadata. The policy may improve user flexibility but could raise questions about content provenance and misuse. Google will now allow users to remove visible watermark from its AI generations
• Negative Sentiment: AI investment and competitive pressures remain overhangs. Reports cite rising AI capital expenditures and cash-flow pressure, while Nvidia’s large financing arrangement could challenge Alphabet’s custom-chip strategy. Traders also reduced expectations for an imminent Gemini Pro launch. Alphabet's stock slips as Nvidia financing deal threatens custom chips
• Negative Sentiment: Zacks Research downgraded Alphabet from “strong buy” to “hold,” reflecting valuation and spending concerns. In addition, Pomerantz announced an investigation into potential investor claims, creating a modest legal-risk overhang. GOOGL Down 19% From 52-Week High

Alphabet Stock Down 0.1%

Shares of NASDAQ:GOOGL opened at $345.90 on Friday. The company's fifty day moving average is $353.66 and its two-hundred day moving average is $341.10. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a 1-year low of $196.60 and a 1-year high of $408.61. The stock has a market capitalization of $4.23 trillion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating 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 business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. Equities analysts anticipate that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio is 4.42%.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 8,998 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the sale, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the sale, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. 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 worth $12,382,714. Insiders own 11.61% of the company's stock.

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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