Alphabet Inc. $GOOGL is Everest Financial Group LLC's 2nd Largest Position

Key Points

• Everest Financial Group increased its Alphabet stake by 1.4% in the first quarter to 101,403 shares valued at approximately $29.2 million. Alphabet now represents 4.8% of the firm’s portfolio and is its second-largest holding.
• Alphabet reported strong quarterly results, with $119.8 billion in revenue and $9.11 in earnings per share, surpassing analyst expectations. The company also announced a quarterly dividend of $0.22 per share, equivalent to a 0.2% annual yield.
• Analysts maintain a broadly positive view, with a consensus “Buy” rating and an average price target of $419.86, though regulatory scrutiny, insider selling and substantial AI infrastructure commitments remain key risks.

Everest Financial Group LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,403 shares of the information services provider's stock after buying an additional 1,387 shares during the quarter. Alphabet accounts for 4.8% of Everest Financial Group LLC's investment portfolio, making the stock its 2nd biggest position. Everest Financial Group LLC's holdings in Alphabet were worth $29,152,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in GOOGL. Lifetime Wealth Management P.C. purchased a new stake in Alphabet during the fourth quarter valued at about $32,000. EMC Capital Management bought a new stake in Alphabet in the 4th quarter worth approximately $33,000. IFC & Insurance Marketing Inc. purchased a new stake in Alphabet in the fourth quarter worth approximately $38,000. Bard Associates Inc. bought a new position in Alphabet during the fourth quarter valued at approximately $52,000. Finally, Kentucky Trust Co raised its stake in shares of Alphabet by 142.9% during the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after acquiring an additional 100 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Price Performance

Shares of Alphabet stock opened at $377.65 on Wednesday. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The company has a market cap of $4.62 trillion, a PE ratio of 18.97, a P/E/G ratio of 1.05 and a beta of 1.24. The business has a 50 day moving average of $357.37 and a 200 day moving average of $339.91. Alphabet Inc. has a 52 week low of $193.67 and a 52 week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating the consensus estimate of $2.89 by $6.22. The business had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. As a group, equities research analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently announced 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 0.2%. Alphabet's payout ratio is presently 4.42%.

Insider Activity at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the transaction, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at approximately $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 quarter, insiders sold 600,547 shares of company stock worth $16,255,540. 11.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GOOGL. New Street Research upped their price objective on shares of Alphabet from $450.00 to $455.00 and gave the company a "buy" rating in a research note on Friday, June 5th. President Capital boosted their price target on shares of Alphabet from $375.00 to $465.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. BMO Capital Markets set a $465.00 price objective on Alphabet and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Loop Capital boosted their target price on Alphabet from $355.00 to $490.00 and gave the company a "buy" rating in a research note on Friday, May 15th. Finally, Piper Sandler restated an "overweight" rating and set a $395.00 price target (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Six research 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 stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Buy" and a consensus target price of $419.86.

Key Headlines Impacting Alphabet

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

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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