Alphabet Inc. $GOOGL Shares Acquired by Generali Investments Management Co LLC

Key Points

• Generali Investments Management increased its Alphabet position by 3.6% in the second quarter, bringing its holdings to 103,126 shares valued at approximately $36.9 million. Alphabet now represents 8% of Generali’s portfolio and is its second-largest holding.
• Analyst sentiment remains favorable, with Alphabet carrying an overall “Buy” rating and an average price target of $419.86, despite some target-price adjustments.
• Alphabet reported strong quarterly results, earning $9.11 per share on $119.8 billion in revenue, beating expectations. The company also declared a quarterly dividend of $0.22 per share, equivalent to a 0.3% annual yield.

Generali Investments Management Co LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 103,126 shares of the information services provider's stock after buying an additional 3,559 shares during the quarter. Alphabet comprises 8.0% of Generali Investments Management Co LLC's investment portfolio, making the stock its 2nd largest holding. Generali Investments Management Co LLC's holdings in Alphabet were worth $36,854,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Wealth LLC boosted its holdings in Alphabet by 11.8% during the fourth quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider's stock valued at $277,696,000 after acquiring an additional 93,293 shares during the period. PFG Investments LLC increased its stake in shares of Alphabet by 2.6% in the first quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock worth $25,679,000 after purchasing an additional 2,269 shares during the period. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust acquired a new position in shares of Alphabet during the 4th quarter worth about $28,902,000. W.G. Shaheen & Associates DBA Whitney & Co lifted its position in shares of Alphabet by 17.1% during the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 118,966 shares of the information services provider's stock worth $37,236,000 after purchasing an additional 17,415 shares during the last quarter. Finally, KLCM Advisors Inc. boosted its stake in Alphabet by 66.1% during the 4th quarter. KLCM Advisors Inc. now owns 22,877 shares of the information services provider's stock valued at $7,161,000 after purchasing an additional 9,105 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GOOGL. Piper Sandler reaffirmed an "overweight" rating and issued a $395.00 target price (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research report on Friday, July 17th. Barclays reissued an "overweight" rating and issued a $425.00 price objective (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Susquehanna reaffirmed a "positive" rating and set a $460.00 target price (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Finally, Evercore boosted their target price on shares of Alphabet from $400.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, April 30th. Five investment analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $419.86.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway sharply increased its Alphabet position. Berkshire disclosed an 83% second-quarter increase, adding approximately 48 million shares and bringing its holding to nearly 106 million shares valued at about $37 billion. Warren Buffett said he initiated the investment, reinforcing the view that Alphabet offers strong cash generation, attractive valuation and durable growth. Berkshire Just Made a Huge Alphabet Bet—Should You Follow?
• Positive Sentiment: Other prominent investors also reported Alphabet purchases. Filings indicated buying by investors including David Tepper, Stanley Druckenmiller and Seth Klarman, adding to the institutional endorsement of GOOGL’s AI, cloud and advertising outlook. Billionaires Loading Into Alphabet Stock
• Positive Sentiment: Alphabet is expanding its AI capabilities. Google agreed to pay $10 million for anonymized Spirit Airlines business data and software for product development and AI training, while some employees from workflow-automation startup Relay are joining Google’s Chrome team. These moves support continued investment in AI products, though the direct financial impact is likely limited. Google to Buy Spirit Airlines Business Data
• Neutral Sentiment: AI spending is creating both opportunity and financing pressure. Alphabet was among several companies issuing large volumes of AI-related debt, potentially funding cloud and data-center expansion but increasing interest costs and balance-sheet risk. Reports that Alphabet is considering an Australian-dollar bond could reinforce that concern. AI’s Borrowing Binge
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Alphabet investors. The release provided few details, and an investigation does not establish wrongdoing, but the announcement could create short-term legal and reputational pressure. Pomerantz Investor Alert

Insider Buying and Selling

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the firm'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 of the company's stock, valued at $9,125,015.20. This trade represents a 1.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 451,945 shares of company stock valued at $12,382,714 over the last ninety days. Company insiders own 11.61% of the company's stock.

Alphabet Trading Up 0.0%

Shares of GOOGL stock opened at $344.17 on Wednesday. The firm has a fifty day moving average of $352.87 and a 200-day moving average of $341.28. The stock has a market cap of $4.21 trillion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 0.97 and a beta of 1.24. Alphabet Inc. has a 52-week low of $196.60 and a 52-week high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its 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. The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, equities research analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is currently 4.42%.

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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