Alphabet Inc. $GOOGL Position Raised by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management increased its Alphabet position by 12.2% in the second quarter, adding 80,071 shares to reach 734,541 shares valued at approximately $262.5 million. Alphabet now represents about 3.1% of the firm’s portfolio and is its fifth-largest holding.
• Institutional investors own approximately 40.03% of Alphabet’s stock, with major holders including State Street, Geode Capital Management, Norges Bank, Bank of America and Capital World Investors.
• Alphabet’s latest quarterly results exceeded expectations, with EPS of $9.11 versus a $2.89 consensus estimate and revenue of $119.8 billion versus $117.07 billion expected. Analysts maintain a consensus “Buy” rating with an average price target of $420.19, compared with a reported share price of $338.50.

Flputnam Investment Management Co. grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 12.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 734,541 shares of the information services provider's stock after purchasing an additional 80,071 shares during the period. Alphabet makes up approximately 3.1% of Flputnam Investment Management Co.'s holdings, making the stock its 5th largest position. Flputnam Investment Management Co.'s holdings in Alphabet were worth $262,503,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GOOGL. State Street Corp boosted its holdings in Alphabet by 1.8% in the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock worth $40,524,841,000 after acquiring an additional 4,008,374 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Alphabet by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider's stock valued at $45,625,595,000 after acquiring an additional 2,666,676 shares in the last quarter. Norges Bank bought a new position in shares of Alphabet during the fourth quarter valued at $30,534,239,000. Bank of America Corp DE raised its position in shares of Alphabet by 4.9% in the 4th quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider's stock worth $21,630,861,000 after purchasing an additional 3,218,852 shares during the last quarter. Finally, Capital World Investors raised its position in shares of Alphabet by 1.5% in the 4th quarter. Capital World Investors now owns 53,881,908 shares of the information services provider's stock worth $16,865,158,000 after purchasing an additional 774,336 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Price Performance

NASDAQ GOOGL opened at $338.50 on Friday. The business's fifty day moving average price is $346.75 and its 200-day moving average price is $343.66. The stock has a market capitalization of $4.14 trillion, a price-to-earnings ratio of 17.00, a PEG ratio of 0.98 and a beta of 1.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. Alphabet Inc. has a 1-year low of $235.84 and a 1-year high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping 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 company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. On average, equities analysts predict that Alphabet Inc. will post 20.52 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's dividend payout ratio (DPR) is presently 4.42%.

Insider Transactions at Alphabet

In other Alphabet news, insider John Walker sold 8,998 shares of the business's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the completion of the sale, the insider directly owned 75,290 shares in the company, valued at $26,298,044.10. The trade was 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, Director John Hennessy sold 1,050 shares of the company's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the sale, the director directly owned 1,481 shares of the company's stock, valued at $545,941.03. The trade was a 41.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 451,925 shares of company stock valued at $12,371,544. Company insiders own 11.61% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on GOOGL shares. Cantor Fitzgerald reissued 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. HSBC reaffirmed a "buy" rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a report on Tuesday, June 2nd. Jefferies Financial Group reiterated a "buy" rating on shares of Alphabet in a research note on Monday, June 22nd. DZ Bank upgraded shares of Alphabet to a "strong-buy" rating in a report on Thursday, July 23rd. Finally, DA Davidson set a $350.00 price target on shares of Alphabet and gave the company a "neutral" rating in a research report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $420.19.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google agreed to secure nuclear power for 22 years, reportedly locking in roughly half of a plant’s output through 2049. The deal could provide more predictable electricity costs and reliable power for energy-intensive AI data centers, strengthening Alphabet’s infrastructure position. Alphabet Jumps 2.5% After Locking In 22 Years of Nuclear Power
• Positive Sentiment: Google completed its acquisition of AI startup Mechanize in a deal reportedly valued at more than $1.5 billion. Mechanize’s former CEO and other employees are joining Google, potentially adding talent focused on AI agents and automation. Google just completed its $1.5 billion-plus deal for AI startup Mechanize
• Positive Sentiment: Investor commentary highlighted Alphabet’s strong AI and cloud outlook. Google Cloud is reportedly growing 82% year over year, while Alphabet’s Gemini technology is expanding into professional video-editing software, supporting the case that AI can broaden enterprise revenue beyond search advertising. Microsoft Vs. Alphabet: The Enterprise Fight No One Saw Coming
• Positive Sentiment: Recent coverage continues to present Alphabet as attractively valued relative to its growth prospects. The company’s latest reported quarter exceeded expectations, with earnings of $9.11 per share versus a $2.89 consensus estimate and revenue of $119.8 billion versus $117.07 billion expected.
• Neutral Sentiment: Alphabet’s inclusion among major AI and cloud beneficiaries, along with Berkshire Hathaway’s reported position in the company, may support investor interest but does not represent a new operating catalyst. Berkshire Hathaway Has a New Top Holding, and It Dominates Its Market
• Negative Sentiment: A law firm said it is continuing an investigation into possible federal securities-law violations involving Alphabet. The announcement does not establish wrongdoing, but it introduces a potential legal and reputational overhang. Securities Fraud Investigation Into Alphabet Continues
• Negative Sentiment: Alphabet faces scrutiny over the scale of AI infrastructure spending, potential financing pressure across the AI industry, and electricity-demand concerns related to new data centers. Finland opposition parties have warned that Google’s expansion could strain local power supplies and raise energy costs. Finland Risks Strained Power Supply After Google AI Deal

Alphabet 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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