Alphabet Inc. $GOOGL Shares Acquired by Odyssean LLC

Key Points

• Odyssean LLC increased its Alphabet stake by 66.1% in the second quarter, purchasing 3,289 additional shares and bringing its holdings to 8,265 shares valued at approximately $2.95 million. Institutional investors collectively own 40.03% of Alphabet.
• Alphabet reported strong quarterly results, with $119.8 billion in revenue and earnings of $9.11 per share, far exceeding analyst expectations. Analysts maintain a consensus “Buy” rating with an average price target of $422.16.
• Alphabet’s outlook benefits from expanding AI and cloud opportunities and the rejection of a proposed ad-tech breakup, but AI spending, regulatory remedies and higher interest rates remain key risks. Insiders have sold approximately $11.98 million of stock over the past 90 days.

Odyssean LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 66.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,265 shares of the information services provider's stock after acquiring an additional 3,289 shares during the quarter. Odyssean LLC's holdings in Alphabet were worth $2,954,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Paulson & CO. Inc. acquired a new stake in Alphabet during the 2nd quarter worth $1,767,000. Sonoma Private Wealth LLC increased its stake in Alphabet by 1.0% in the second quarter. Sonoma Private Wealth LLC now owns 4,282 shares of the information services provider's stock valued at $1,530,000 after purchasing an additional 44 shares during the period. Lotus Technology Management LP acquired a new position in Alphabet in the second quarter valued at $375,000. Invst LLC increased its stake in Alphabet by 8.1% in the second quarter. Invst LLC now owns 16,391 shares of the information services provider's stock valued at $5,857,000 after purchasing an additional 1,223 shares during the period. Finally, Valtrion Capital Management LLC raised its holdings in shares of Alphabet by 7.4% in the second quarter. Valtrion Capital Management LLC now owns 2,984 shares of the information services provider's stock valued at $1,066,000 after buying an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Activity

In related news, Director Frances Arnold sold 82 shares of the business's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $337.71, for a total value of $27,692.22. Following the completion of the transaction, the director owned 18,995 shares of the company's stock, valued at approximately $6,414,801.45. The trade was a 0.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The SEC filing for this sale provides additional information. Insiders have sold 450,875 shares of company stock worth $11,984,482 over the last ninety days. 11.61% of the stock is currently owned by insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google avoided an ad-tech breakup. A federal judge ordered behavioral remedies, including changes to auction rules, data sharing and an antitrust monitor, but rejected the Justice Department’s request to split up the business. The decision limits the immediate threat to Alphabet’s advertising revenue, although the company plans to appeal. Judge Orders Data Sharing and Other Fixes to Solve Google's Ad Tech Monopoly
• Positive Sentiment: AI infrastructure momentum remains strong. Alphabet and Blackstone’s Crux AI cloud venture is reportedly receiving a $22 billion chip loan from a group of banks, supporting purchases of Google’s tensor processing units and potential expansion of cloud capacity. Banks provide $22 billion chip loan to Blackstone, Alphabet cloud venture
• Positive Sentiment: New AI partnerships broaden Alphabet’s commercial opportunity. Google is working with the United Nations to make global data more accessible to AI agents, while retailers including Coach and Kate Spade can enable shopping through Gemini and Google Search. Google DeepMind also launched an institute focused on advancing the AGI debate. UN turns to Google to make its global data ready for AI agents
• Positive Sentiment: Cloud and other growth businesses support the bullish case. Commentary highlighted Google Cloud’s rapid growth, a large backlog and strong cash generation. Waymo’s restarted San Antonio robotaxi service and a new Google-Nvidia-Emerald AI energy alliance also point to longer-term opportunities in autonomous transport and data-center infrastructure. The Biggest Catalyst for Alphabet Stock May Not Be Search
• Neutral Sentiment: Market conditions could remain challenging. The Federal Reserve’s 25-basis-point rate increase raises the discount rate applied to long-duration technology stocks, though Alphabet’s substantial cash flow and strong balance sheet may provide some protection.
• Negative Sentiment: AI spending and regulation remain key risks. Analysts noted that heavy investment in AI infrastructure is pressuring free cash flow, while the ad-tech remedies could still reduce auction flexibility and expose Alphabet to ongoing compliance costs. GOOGL Down 7% in the Past 3 Months

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of research reports. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a report on Friday, July 17th. Wedbush reissued an "outperform" rating and issued a $445.00 target price on shares of Alphabet in a report on Thursday, July 23rd. KeyCorp upped their price target on Alphabet from $425.00 to $445.00 and gave the stock an "overweight" rating in a research note on Friday, July 10th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Alphabet in a report on Monday, June 22nd. Finally, Zacks Research cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. 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 data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $422.16.

Alphabet Trading Up 1.3%

NASDAQ:GOOGL opened at $347.33 on Friday. The stock has a market capitalization of $4.25 trillion, a price-to-earnings ratio of 17.45, a PEG ratio of 0.99 and a beta of 1.22. Alphabet Inc. has a 1 year low of $235.84 and a 1 year high of $408.61. The stock has a fifty day moving average price of $345.35 and a two-hundred day moving average price of $344.88. 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, 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 analyst estimates of $117.07 billion. As a group, sell-side analysts anticipate 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 was paid on Monday, September 14th. Investors of record on Monday, September 7th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet's dividend payout ratio is presently 4.42%.

About Alphabet

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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