Alphabet Inc. $GOOGL Shares Purchased by BAM Wealth Management LLC

Key Points

• BAM Wealth Management increased its Alphabet stake by 45.1% in the second quarter, bringing its holdings to 9,219 shares valued at approximately $3.3 million. Institutional investors and hedge funds collectively own 40.03% of Alphabet.
• Wall Street remains bullish, with a consensus “Buy” rating and an average price target of $420.78. Recent targets range from $411 to $515.
• Alphabet reported quarterly revenue of $119.8 billion and EPS of $9.11, substantially exceeding analyst expectations. The company also declared a quarterly dividend of $0.22 per share, while GOOGL recently traded at $342.87.

BAM Wealth Management LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 45.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,219 shares of the information services provider's stock after buying an additional 2,865 shares during the period. Alphabet makes up about 2.1% of BAM Wealth Management LLC's investment portfolio, making the stock its 12th largest holding. BAM Wealth Management LLC's holdings in Alphabet were worth $3,295,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Invesco Ltd. lifted its position in shares of Alphabet by 0.5% in the fourth quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider's stock worth $14,208,470,000 after purchasing an additional 208,362 shares in the last quarter. Fisher Asset Management LLC grew its position in Alphabet by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 38,106,033 shares of the information services provider's stock valued at $11,927,189,000 after purchasing an additional 583,078 shares in the last quarter. Amundi increased its stake in Alphabet by 12.7% in the 1st quarter. Amundi now owns 31,745,979 shares of the information services provider's stock valued at $9,128,850,000 after buying an additional 3,574,810 shares during the period. Nuveen LLC increased its stake in Alphabet by 1.7% in the 4th quarter. Nuveen LLC now owns 29,166,806 shares of the information services provider's stock valued at $9,129,210,000 after buying an additional 478,848 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Alphabet by 10.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider's stock worth $6,334,186,000 after buying an additional 1,631,721 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of research reports. Wells Fargo & Company set a $411.00 target price on shares of Alphabet and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Wedbush reaffirmed an "outperform" rating and issued a $445.00 price target on shares of Alphabet in a research note on Thursday, July 23rd. Pivotal Research reiterated a "buy" rating and set a $475.00 price objective (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. Citizens Jmp reissued a "market outperform" rating and set a $515.00 price objective on shares of Alphabet in a research report on Wednesday, July 22nd. Finally, HSBC restated a "buy" rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a research note on Tuesday, June 2nd. Five analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Alphabet presently has a consensus rating of "Buy" and an average target price of $420.78.

Alphabet Stock Down 0.6%

GOOGL opened at $342.87 on Thursday. Alphabet Inc. has a 1-year low of $235.84 and a 1-year high of $408.61. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $4.19 trillion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 1.00 and a beta of 1.22. The business has a 50 day moving average of $345.59 and a 200-day moving average of $344.63.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data 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. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. As a group, sell-side analysts anticipate that Alphabet Inc. will post 20.52 earnings per share for the current year.

Alphabet Announces Dividend

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

Insiders Place Their Bets

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 450,875 shares of company stock worth $11,984,482 in the last ninety days. Insiders own 11.61% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: A consortium of 10 banks is reportedly providing a $22 billion chip loan to support Crux AI, Alphabet’s new cloud venture with Blackstone. The financing could accelerate data-center capacity and strengthen Alphabet’s position in AI infrastructure. Banks provide $22 billion chip loan to Blackstone, Alphabet cloud venture
• Positive Sentiment: Google is launching agentic commerce tools for retailers ahead of the holiday season, potentially increasing product-discovery activity, advertising demand and merchant adoption of Google’s AI services. Google Debuts Agentic Tools to Prep Retailers for Holidays
• Positive Sentiment: Alphabet agreed to its largest carbon-removal purchase yet through a Brazilian Terradot project. Separately, Google and Nvidia launched an alliance to make AI data centers more flexible and reduce power-grid strain—helpful developments as electricity availability becomes a constraint on AI growth. Google agrees biggest carbon-removal deal yet
• Positive Sentiment: Alphabet could benefit financially from a potential Anthropic IPO through its reported 14% ownership stake, cloud relationship and chip agreements, although the timing and valuation remain uncertain. What the Anthropic IPO Means for Amazon and Alphabet Investors

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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