Alphabet Inc. $GOOGL Position Raised by Oppenheimer & Co. Inc.

Key Points

• Oppenheimer increased its Alphabet position by 3.9% in the second quarter, adding 17,133 shares to hold 454,292 shares worth approximately $162.35 million. Institutional investors own about 40.03% of GOOGL.
• Analysts remain broadly bullish: Alphabet has a consensus “Buy” rating and an average price target of $420.19, with recent targets ranging from $400 to $460.
• Alphabet reported quarterly earnings of $9.11 per share and revenue of $119.8 billion, exceeding consensus estimates. The company also declared a quarterly dividend of $0.22 per share, while insiders sold 451,945 shares worth approximately $12.38 million over the past quarter.

Oppenheimer & Co. Inc. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 454,292 shares of the information services provider's stock after purchasing an additional 17,133 shares during the period. Alphabet accounts for 1.7% of Oppenheimer & Co. Inc.'s portfolio, making the stock its 8th largest position. Oppenheimer & Co. Inc.'s holdings in Alphabet were worth $162,350,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of GOOGL. EMC Capital Management bought a new position in Alphabet in the 4th quarter worth about $33,000. Lifetime Wealth Management P.C. purchased a new stake in shares of Alphabet during the 4th quarter valued at about $32,000. IFC & Insurance Marketing Inc. bought a new stake in Alphabet in the 4th quarter worth approximately $38,000. Bard Associates Inc. bought a new stake in shares of Alphabet in the fourth quarter worth $52,000. Finally, Uniplan Investment Counsel Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at about $65,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GOOGL shares. Morgan Stanley set a $400.00 price objective on Alphabet and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Dbs Bank lifted their price objective on Alphabet from $400.00 to $460.00 in a research report on Thursday, May 7th. Citigroup reiterated an "outperform" rating on shares of Alphabet in a research note on Monday, May 4th. Evercore boosted their price objective on Alphabet from $400.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. Finally, New Street Research increased their target price on shares of Alphabet from $450.00 to $455.00 and gave the stock a "buy" rating in a report on Friday, June 5th. Five analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Alphabet currently has a consensus rating of "Buy" and an average target price of $420.19.

Insiders Place Their Bets

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the sale, the insider owned 75,290 shares in the company, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 451,945 shares of company stock valued at $12,382,714. 11.61% of the stock is owned by company insiders.

Alphabet Price Performance

NASDAQ:GOOGL opened at $340.67 on Friday. The business's 50-day simple moving average is $352.30 and its two-hundred day simple moving average is $341.34. Alphabet Inc. has a 52 week low of $199.43 and a 52 week high of $408.61. The stock has a market cap of $4.17 trillion, a PE ratio of 17.11, a P/E/G ratio of 0.97 and a beta of 1.24. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. As a group, analysts forecast that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared 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 yield of 0.3%. Alphabet's payout ratio is currently 4.42%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analyst remains bullish: Rosenblatt Securities reaffirmed its “buy” rating and set a $410 price target, implying substantial upside from the recent trading level. Analyst Scott Devitt also expects Alphabet to reach a new all-time high over the next 12 months. Rosenblatt rating
• Positive Sentiment: AI infrastructure and cloud growth remain key positives: Google Cloud reportedly grew revenue 82% year over year in the latest quarter, while Alphabet’s partnership with Marvell expands access to custom AI accelerators, networking, storage, and memory technologies connected to Google’s TPU ecosystem. The deal could improve supply-chain flexibility and support long-term AI capacity. Marvell Google AI chip deal
• Positive Sentiment: Waymo is expanding commercially: Alphabet’s autonomous-driving unit opened its lower-cost next-generation robotaxi to all riders in Los Angeles, Phoenix, and San Francisco, potentially improving the economics and scalability of the business. Waymo robotaxi expansion
• Neutral Sentiment: Google introduced a “favorite source” feature that lets users prioritize publishers in Search, Discover, and Google News. The move may help preserve publisher relationships and search content quality, but its effect on revenue is uncertain. Google publisher feature
• Neutral Sentiment: Alphabet is reportedly raising approximately $3.9 billion through its first Australian-dollar bond sale. The financing could support AI infrastructure investment, though it also underscores the capital intensity of the company’s expansion plans. Alphabet Australian dollar bond
• Negative Sentiment: Custom-chip competition is increasing: Marvell’s agreement and potential $12.2 billion warrant give Google an incentive to direct more purchases toward Marvell, raising concerns that Broadcom’s previously dominant role in Google’s TPU ecosystem could be diluted. While diversification may benefit Google over time, investors may view the deal as evidence that AI spending will require heavier investment and a more complex supply chain.
• Negative Sentiment: Legal and execution risks remain: A court delayed approval of Google’s proposed purchase of Spirit Airlines’ internal data after union objections, while Micro1 is offering more than Google’s reported $10 million bid. Separately, the departure of longtime AI leader Jeff Dean and expectations that the flagship Gemini Pro release may be delayed into the autumn add to investor uncertainty. Spirit Airlines data sale delay
• Negative Sentiment: A law firm announced an investigation into potential claims on behalf of Alphabet investors, creating an additional headline risk, although no allegations or financial impact were established in the announcement. Alphabet investor investigation

Alphabet Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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