Alphabet Inc. $GOOGL is UNIVEST FINANCIAL Corp's 5th Largest Position

UNIVEST FINANCIAL Corp lifted its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 241,488 shares of the information services provider's stock after buying an additional 3,358 shares during the quarter. Alphabet comprises 4.2% of UNIVEST FINANCIAL Corp's portfolio, making the stock its 5th biggest holding. UNIVEST FINANCIAL Corp's holdings in Alphabet were worth $86,300,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOGL. Lifetime Wealth Management P.C. purchased a new position in shares of Alphabet during the 4th quarter valued at $32,000. EMC Capital Management bought a new stake in Alphabet during the fourth quarter valued at about $33,000. IFC & Insurance Marketing Inc. bought a new stake in Alphabet during the fourth quarter valued at about $38,000. Bard Associates Inc. bought a new stake in Alphabet during the fourth quarter valued at about $52,000. Finally, iSAM Funds UK Ltd purchased a new position in shares of Alphabet in the third quarter valued at about $53,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

NASDAQ:GOOGL opened at $339.35 on Tuesday. The business's 50-day moving average is $349.41 and its 200 day moving average is $342.01. Alphabet Inc. has a 12 month low of $206.20 and a 12 month high of $408.61. The company has a market capitalization of $4.15 trillion, a P/E ratio of 17.04, a P/E/G ratio of 0.97 and a beta of 1.24. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

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. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The business had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. On average, equities research analysts forecast that Alphabet Inc. will post 20.5 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors 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 4.42%.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 82 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $337.71, for a total transaction of $27,692.22. Following the completion of the transaction, the director owned 18,995 shares in the company, valued at $6,414,801.45. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 451,925 shares of company stock worth $12,371,544. Insiders own 11.61% of the company's stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts remain constructive on Alphabet’s valuation and growth outlook. Citizens analyst Andrew Boone expects the stock to reach a new record high over the next 12 months, while other commentary highlights strong cloud momentum and argues that market concerns about Alphabet may be excessive. Wall Street analyst sets Google price target One Mag 7 Stock to Watch
• Positive Sentiment: Google- and Meta-backed Jio Platforms received approval for an Indian IPO. The listing could provide Alphabet with a potential valuation catalyst for its investment and increase visibility into the value of the stake. Jio Platforms IPO approval
• Neutral Sentiment: Alphabet is balancing record cloud growth against historically high AI-related capital spending. Investors are focused on whether rising infrastructure costs will generate sufficient future revenue and margins compared with Amazon’s spending strategy. Alphabet and Amazon AI capital spending
• Neutral Sentiment: Director Frances Arnold sold 82 shares for approximately $27,692, reducing her direct holdings by 0.43%. The relatively small transaction is unlikely to materially change the investment case, but it may attract limited attention amid the stock’s recent volatility. Alphabet insider transaction filing
• Negative Sentiment: Fresh scrutiny of Google’s £260 million U.K. app-store settlement added to regulatory pressure. Reports also say Google changed European search rules to avoid a potentially much larger EU revenue penalty, though the concessions could weaken its search economics and competitive position. Google U.K. app-store settlement Google European search rules
• Negative Sentiment: Investors continue to debate whether Meta’s AI products could challenge Google Search and whether Alphabet’s AI investment will pressure returns before producing meaningful new revenue. Concerns about talent departures and the uncertain reception for future Gemini releases are also weighing on sentiment. Meta AI competition with Google Search

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GOOGL shares. Daiwa Securities Group upped their price objective on Alphabet from $380.00 to $445.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. Needham & Company LLC reissued a "buy" rating and issued a $450.00 price target on shares of Alphabet in a report on Wednesday, June 3rd. Wedbush restated an "outperform" rating and issued a $445.00 price target on shares of Alphabet in a research note on Thursday, July 23rd. Jefferies Financial Group reaffirmed a "buy" rating on shares of Alphabet in a report on Monday, June 22nd. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $420.00 price objective (down from $435.00) 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 issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Alphabet currently has an average rating of "Buy" and an average 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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