Alphabet Inc. $GOOGL is Hilton Capital Management LLC's 10th Largest Position

Key Points

• Hilton Capital Management increased its Alphabet position by 6.6% in the second quarter to 67,859 shares worth approximately $24.3 million, making Alphabet its 10th-largest holding. Institutional investors collectively own 40.03% of Alphabet’s stock.
• Alphabet reported strong quarterly results, with $9.11 in earnings per share and $119.8 billion in revenue, exceeding analyst expectations. The company also announced a quarterly dividend of $0.22 per share, equal to a 0.3% annualized yield.
• Analyst sentiment remains favorable, with Alphabet receiving a consensus “Buy” rating and an average price target of $420.19 versus a recent share price of $344.82. Positive catalysts include continued AI investment, strong earnings momentum and expansion of Waymo’s robotaxi operations.

Hilton Capital Management LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,859 shares of the information services provider's stock after purchasing an additional 4,208 shares during the quarter. Alphabet comprises 1.7% of Hilton Capital Management LLC's investment portfolio, making the stock its 10th biggest holding. Hilton Capital Management LLC's holdings in Alphabet were worth $24,251,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mindset Wealth Management LLC lifted its position in Alphabet by 5.8% during the second quarter. Mindset Wealth Management LLC now owns 15,172 shares of the information services provider's stock valued at $5,422,000 after buying an additional 830 shares during the period. REAP Financial Group LLC grew its position in shares of Alphabet by 6.0% in the 2nd quarter. REAP Financial Group LLC now owns 4,253 shares of the information services provider's stock worth $1,520,000 after buying an additional 241 shares during the period. Journey Advisory Group LLC grew its position in shares of Alphabet by 1.5% in the 2nd quarter. Journey Advisory Group LLC now owns 87,041 shares of the information services provider's stock worth $31,106,000 after buying an additional 1,318 shares during the period. Correct Capital Wealth Management increased its stake in shares of Alphabet by 1.9% in the 2nd quarter. Correct Capital Wealth Management now owns 7,003 shares of the information services provider's stock worth $2,503,000 after acquiring an additional 129 shares in the last quarter. Finally, Boomfish Wealth Group LLC lifted its position in Alphabet by 4.5% during the 2nd quarter. Boomfish Wealth Group LLC now owns 3,168 shares of the information services provider's stock valued at $1,132,000 after acquiring an additional 135 shares during the period. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $344.82 on Monday. The firm's 50 day moving average price is $352.00 and its 200-day moving average price is $341.35. Alphabet Inc. has a 52-week low of $201.30 and a 52-week high of $408.61. 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 cap of $4.22 trillion, a PE ratio of 17.32, a P/E/G ratio of 0.97 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced 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. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. On average, equities research analysts expect that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be issued 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 dividend payout ratio (DPR) is presently 4.42%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Rosenblatt upgraded Alphabet to “strong buy” and reiterated a $410 price target, implying substantial upside and reinforcing the bullish view following Alphabet’s strong earnings report. Alphabet upgraded by Rosenblatt Securities
• Positive Sentiment: Alphabet’s AI spending continues to attract major customers and suppliers. Marvell’s custom-chip agreement includes a warrant structure that would require up to $120 billion of cumulative purchases from Google for full vesting, signaling the potentially enormous scale of Alphabet’s TPU and AI infrastructure buildout. Google’s Marvell warrant
• Positive Sentiment: Waymo received approval to operate up to thousands of commercial robotaxis in Nevada and opened its lower-cost next-generation vehicle to riders in Los Angeles, Phoenix, and San Francisco. Lower production and operating costs could improve the long-term economics of Alphabet’s autonomous-driving unit. Waymo Nevada robotaxi approval
• Positive Sentiment: Alphabet’s earnings momentum remains a support for the stock. The company recently exceeded consensus estimates for both adjusted earnings and revenue, while analysts and prominent investors—including Berkshire Hathaway—continue to highlight Alphabet’s AI positioning and valuation.

Insiders Place Their Bets

In related news, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the sale, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The SEC filing for this sale provides additional information. Insiders sold a total of 451,945 shares of company stock worth $12,382,714 in the last 90 days. 11.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GOOGL shares. Truist Financial set a $420.00 price objective on shares of Alphabet and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Wedbush reiterated an "outperform" rating and set a $445.00 target price on shares of Alphabet in a report on Thursday, July 23rd. CICC Research boosted their price target on Alphabet from $388.00 to $407.91 and gave the stock an "outperform" rating in a research report on Friday, May 1st. Canaccord Genuity Group upped their price target on Alphabet from $415.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Finally, Citigroup reaffirmed an "outperform" 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 assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $420.19.

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.

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