Alphabet Inc. $GOOGL Shares Purchased by 55 North Private Wealth LLC

Key Points

• 55 North Private Wealth LLC increased its Alphabet stake by 24.2% in the second quarter, owning 9,167 shares valued at approximately $3.28 million. Institutional investors collectively hold about 40.03% of Alphabet’s stock.
• Alphabet reported quarterly EPS of $9.11, far exceeding the $2.89 consensus estimate, while revenue reached $119.8 billion versus expectations of $117.07 billion.
• Analysts maintain a consensus “Buy” rating with an average price target of $419.86, compared with the stock’s recent price of $346.36. Alphabet also declared a quarterly dividend of $0.22 per share, representing a 0.3% yield.

55 North Private Wealth LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 24.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,167 shares of the information services provider's stock after purchasing an additional 1,788 shares during the period. Alphabet accounts for about 0.6% of 55 North Private Wealth LLC's holdings, making the stock its 22nd biggest position. 55 North Private Wealth LLC's holdings in Alphabet were worth $3,276,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sarasin & Partners LLP lifted its position in shares of Alphabet by 3.2% during the 2nd quarter. Sarasin & Partners LLP now owns 1,780,093 shares of the information services provider's stock worth $636,152,000 after buying an additional 55,171 shares during the last quarter. Evanson Financial LLC purchased a new position in shares of Alphabet in the 2nd quarter valued at $60,233,000. Eclectic Associates Inc. ADV grew its position in shares of Alphabet by 12.8% in the 2nd quarter. Eclectic Associates Inc. ADV now owns 2,336 shares of the information services provider's stock valued at $835,000 after buying an additional 265 shares during the last quarter. Midwest Financial Network LLC raised its stake in Alphabet by 5.8% during the 2nd quarter. Midwest Financial Network LLC now owns 764 shares of the information services provider's stock worth $273,000 after acquiring an additional 42 shares in the last quarter. Finally, Thrive Wealth Management LLC raised its stake in Alphabet by 1.3% during the 2nd quarter. Thrive Wealth Management LLC now owns 14,216 shares of the information services provider's stock worth $5,080,000 after acquiring an additional 180 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Up 0.8%

Shares of NASDAQ:GOOGL opened at $346.36 on Friday. Alphabet Inc. has a fifty-two week low of $196.60 and a fifty-two week high of $408.61. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The firm's 50-day simple moving average is $354.11 and its 200-day simple moving average is $341.06. The company has a market cap of $4.24 trillion, a price-to-earnings ratio of 17.40, a PEG ratio of 0.96 and a beta of 1.24.

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

Alphabet Dividend Announcement

The firm 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 dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's payout ratio is presently 4.42%.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the sale, the director directly owned 1,481 shares in the company, valued at $545,941.03. The trade was a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction 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 directly owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 451,945 shares of company stock valued at $12,382,714. Corporate insiders own 11.61% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Stifel Nicolaus set a $420.00 price objective on shares of Alphabet and gave the company a "buy" rating in a research note on Thursday, April 30th. CICC Research lifted their target price on Alphabet from $388.00 to $407.91 and gave the stock an "outperform" rating in a research report on Friday, May 1st. KeyCorp lifted their target price on Alphabet from $425.00 to $445.00 and gave the stock an "overweight" rating in a research report on Friday, July 10th. Robert W. Baird boosted their target price on Alphabet from $380.00 to $400.00 and gave the company an "outperform" rating in a report on Thursday, April 30th. Finally, Evercore upped their target price on Alphabet from $400.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, April 30th. Five research 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. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $419.86.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet disclosed that it still owns a substantial stake in SpaceX, an investment that has reportedly generated an exceptional return since 2015. The holding could provide significant balance-sheet value, although it does not directly improve Alphabet’s operating earnings. Google Parent Alphabet Just Revealed How Many SpaceX Shares It Owns
• Positive Sentiment: Google launched Gemini 3.7 Flash, targeting software coding and automated business workflows. The release supports Alphabet’s effort to monetize Gemini through enterprise and developer use, though investors noted that Google provided no timing for its flagship Pro model. Google unveils Gemini 3.7 Flash AI model
• Positive Sentiment: A new partnership with Zocdoc will allow users to book healthcare appointments directly through the Gemini app. The initiative adds a practical, potentially commercial use case for Gemini while emphasizing data privacy. Gemini and Zocdoc launch AI doctor booking
• Positive Sentiment: Ryanair signed a five-year Google Cloud agreement covering Gemini, DeepMind and Workspace across approximately 35,000 employees. The contract adds evidence of enterprise demand for Google’s cloud and AI offerings. Ryanair signs five-year Google Cloud deal
• Neutral Sentiment: Google unveiled Pixel 11 devices, Pixel Watch 5 and a $29 Pixel Tag, with Gemini integration as the main product theme. The launches strengthen Alphabet’s consumer ecosystem, but limited hardware changes make their sales impact uncertain. Google unveils Pixel 11 lineup
• Negative Sentiment: Zacks Research downgraded Alphabet from “strong buy” to “hold,” citing the stock’s pullback, heavy AI spending and pressure on cash flow despite strong Cloud growth and a reported $514 billion backlog. GOOGL down from 52-week high
• Negative Sentiment: Prediction-market odds for an imminent Gemini Pro launch collapsed, raising concerns that Google may be moving slower than expected in the frontier-AI race. Separately, Nvidia’s major financing and chip initiative could intensify competition with Alphabet’s custom AI hardware. Traders slash odds on imminent Gemini Pro launch
• Negative Sentiment: Pomerantz LLP said it is investigating potential claims on behalf of Alphabet investors. The announcement does not establish wrongdoing, but adds legal and headline risk. Pomerantz investor alert

Alphabet 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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