Alphabet Inc. $GOOGL is QRG Capital Management Inc.'s 5th Largest Position

Key Points

• QRG Capital Management increased its Alphabet stake by 8.8% in the second quarter to 1.11 million shares worth approximately $396.7 million, making Alphabet its fifth-largest holding and 2.8% of its portfolio.
• Alphabet reported strong quarterly results, with $119.8 billion in revenue and $9.11 in EPS, exceeding analyst estimates. Analysts maintain a consensus “Buy” rating with an average price target of $422.16.
• Alphabet’s AI growth, cloud backlog and YouTube investments remain positive catalysts, but the company faces rising AI competition, investor concerns about spending returns and regulatory pressure on Google’s search dominance.

QRG Capital Management Inc. increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,110,108 shares of the information services provider's stock after purchasing an additional 89,799 shares during the quarter. Alphabet accounts for 2.8% of QRG Capital Management Inc.'s investment portfolio, making the stock its 5th biggest holding. QRG Capital Management Inc.'s holdings in Alphabet were worth $396,719,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GOOGL. Envestnet Portfolio Solutions Inc. increased its position in shares of Alphabet by 9.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 220,700 shares of the information services provider's stock valued at $78,855,000 after buying an additional 19,798 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Alphabet by 2.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,477,002 shares of the information services provider's stock valued at $2,672,041,000 after acquiring an additional 159,769 shares during the last quarter. State Street Corp grew its stake in Alphabet by 5.6% in the 2nd quarter. State Street Corp now owns 238,977,259 shares of the information services provider's stock valued at $85,403,303,000 after acquiring an additional 12,718,127 shares during the last quarter. Premier Financial Group purchased a new position in Alphabet during the 2nd quarter valued at about $45,000. Finally, Security National Bank of Sioux City Iowa IA raised its position in Alphabet by 27.8% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 27,451 shares of the information services provider's stock worth $9,810,000 after acquiring an additional 5,965 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 112 shares of the business's stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total value of $39,343.36. Following the completion of the sale, the director directly owned 18,833 shares in the company, valued at approximately $6,615,656.24. The trade was a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company's stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 450,875 shares of company stock worth $11,984,482. 11.61% of the stock is owned by insiders.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet continues to benefit from strong AI-related growth. Reports point to a cloud backlog exceeding $500 billion, expanding Gemini adoption and AI monetization across cloud services, advertising and software. Prediction: This Magnificent Seven Stock Could Soar 50% by 2027
• Positive Sentiment: YouTube is investing in tools and incentives to retain prominent digital creators as it competes with Netflix, supporting the platform’s advertising and subscription opportunity. YouTube Is Battling Netflix Over Top Talent
• Positive Sentiment: Google agreed to support Georgia Power’s nuclear-plant upgrades, potentially adding 96 megawatts of capacity. The agreement could help secure electricity for Alphabet’s energy-intensive data-center expansion. Georgia Power Signs Google Deal to Boost Nuclear Capacity
• Neutral Sentiment: Analysts remain broadly constructive, with positive earnings revisions and no reported sell ratings. However, these expectations appear to be largely reflected in the valuation, limiting the immediate upside reaction.
• Negative Sentiment: Anthropic’s decision to lower Claude pricing increases competitive pressure on Google Cloud and may reduce revenue per comparable AI workload. Alphabet’s Slips as Claude Gets Cheaper
• Negative Sentiment: Investors are rotating within big technology stocks amid concerns about AI spending, competition and the pace of returns. Alphabet was among the weaker performers in that rotation. Alphabet Drops as AI Rotation Splits Big Tech
• Negative Sentiment: UK regulators proposed giving Android and Chrome users more choice over search engines and AI assistants, posing a potential threat to Google’s default-search advantage. Google also faces an appeal of a $425 million privacy verdict. UK Regulator Proposes Giving Consumers More Search Choice

Analyst Ratings Changes

Several analysts have issued reports on GOOGL shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $450.00 price target on shares of Alphabet in a report on Wednesday, June 3rd. UBS Group dropped their price objective on shares of Alphabet from $400.00 to $379.00 and set a "neutral" rating for the company in a research note on Thursday, July 23rd. Evercore reaffirmed an "outperform" rating and issued a $450.00 target price on shares of Alphabet in a research note on Wednesday, September 16th. Morgan Stanley set a $400.00 price target on Alphabet and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Finally, Citizens Jmp restated a "market outperform" rating and issued a $515.00 price objective on shares of Alphabet in a research report on Wednesday, July 22nd. Five research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $422.16.

Alphabet Trading Down 3.8%

Shares of GOOGL opened at $337.83 on Thursday. The stock has a fifty day moving average of $344.42 and a two-hundred day moving average of $346.14. 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 capitalization of $4.13 trillion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.02 and a beta of 1.22. Alphabet Inc. has a fifty-two week low of $235.84 and a fifty-two week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping 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 return on equity of 51.32% and a net margin of 54.77%. As a group, analysts forecast that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were issued a $0.22 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's payout ratio is 4.42%.

Alphabet Company Profile

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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