Alphabet Inc. $GOOGL is Saturna Capital Corp's 6th Largest Position

Key Points

• Saturna Capital Corp. reduced its Alphabet stake by 0.6% in the first quarter, but still held 1.43 million shares worth approximately $411.6 million. Alphabet represents 5.8% of the firm’s portfolio and is its sixth-largest holding.
• Alphabet reported quarterly EPS of $9.11 and revenue of $119.8 billion, exceeding analyst estimates. Wall Street maintains a consensus “Buy” rating with an average price target of $419.86.
• Alphabet’s AI and cloud expansion are supporting its growth outlook, but the company faces rising infrastructure costs, planned capital expenditures of up to $205 billion in 2026, and a modest sentiment headwind from insider selling.

Saturna Capital Corp decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,431,204 shares of the information services provider's stock after selling 8,956 shares during the quarter. Alphabet accounts for about 5.8% of Saturna Capital Corp's holdings, making the stock its 6th largest holding. Saturna Capital Corp's holdings in Alphabet were worth $411,557,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GOOGL. Strategic Wealth Advisors LLC raised its stake in shares of Alphabet by 6.0% during the 1st quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock worth $137,000 after buying an additional 27 shares during the period. Midwest Professional Planners LTD. lifted its position in shares of Alphabet by 1.2% during the 1st quarter. Midwest Professional Planners LTD. now owns 2,364 shares of the information services provider's stock valued at $680,000 after buying an additional 29 shares in the last quarter. Symmetry Partners LLC grew its stake in Alphabet by 0.4% in the 4th quarter. Symmetry Partners LLC now owns 7,912 shares of the information services provider's stock valued at $2,476,000 after acquiring an additional 30 shares during the period. Private Wealth Management Group LLC grew its stake in Alphabet by 1.2% in the 1st quarter. Private Wealth Management Group LLC now owns 2,540 shares of the information services provider's stock valued at $730,000 after acquiring an additional 30 shares during the period. Finally, SKY Mountain Capital Management Inc. increased its holdings in Alphabet by 1.1% in the 1st quarter. SKY Mountain Capital Management Inc. now owns 2,791 shares of the information services provider's stock worth $803,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 8,998 shares of the firm's stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares of the company's stock, valued at $26,298,044.10. This trade represents a 10.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the business's 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 transaction, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 600,547 shares of company stock worth $16,255,540 in the last quarter. Insiders own 11.61% of the company's stock.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of research analyst reports. Rosenblatt Securities restated a "neutral" rating and set a $393.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. Loop Capital lifted their target price on shares of Alphabet from $355.00 to $490.00 and gave the company a "buy" rating in a research report on Friday, May 15th. JPMorgan Chase & Co. reissued a "buy" rating on shares of Alphabet in a research note on Monday, May 4th. BMO Capital Markets set a $465.00 target price on shares of Alphabet and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a research report on Friday, July 17th. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $419.86.

Alphabet Trading Up 6.7%

Shares of GOOGL stock opened at $356.13 on Friday. The stock's fifty day moving average is $357.79 and its two-hundred day moving average is $339.30. 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 firm has a market capitalization of $4.36 trillion, a P/E ratio of 17.89, a PEG ratio of 0.94 and a beta of 1.24. Alphabet Inc. has a fifty-two week low of $187.82 and a fifty-two week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results 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. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. Research analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current fiscal 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. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's dividend payout ratio is currently 4.42%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s custom Tensor Processing Units (TPUs) are increasingly viewed as credible alternatives to Nvidia chips. That could reduce Google’s dependence on external suppliers and create a potential external chip-revenue opportunity. Alphabet and Amazon custom AI chips
• Positive Sentiment: Recent commentary highlights Alphabet’s record quarter, strong Google Cloud growth, Gemini adoption and enterprise AI demand. Analysts and value-focused investors continue to view GOOGL as comparatively inexpensive among large technology and AI companies. Alphabet AI investment and valuation
• Positive Sentiment: Google is reportedly supporting a $15 billion Anthropic data-center project with chips and financial guarantees, while Oracle is expanding its partnership to bring Gemini models to enterprise applications. These initiatives could drive Google Cloud demand and strengthen Alphabet’s AI ecosystem. Anthropic data center backed by Google
• Neutral Sentiment: Alphabet’s reported quarterly earnings and revenue beat consensus estimates by wide margins, supporting the fundamental case, although investors remain focused on whether AI growth will translate into sufficient cash returns.
• Negative Sentiment: Alphabet withdrew its Google Earth AI image-generation feature only one day after launch following criticism that fabricated imagery could spread misinformation. The quick reversal limits immediate product risk but raises questions about AI governance and rollout discipline. Google Earth AI feature withdrawn
• Negative Sentiment: The AI buildout is becoming increasingly expensive. Alphabet is targeting up to $205 billion in 2026 capital expenditures, while rising memory and infrastructure costs are pressuring cash flow and increasing future depreciation. AI buildout costs and cash flow
• Negative Sentiment: Recent insider sales were small relative to the executives’ remaining holdings, but they provide a modest sentiment headwind. Separately, investor-law-firm investigations could create additional legal and reputational overhang. Alphabet director stock sale

Alphabet Profile

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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