Alphabet Inc. $GOOGL Shares Sold by Elevated Capital Advisors LLC

Key Points

• Elevated Capital Advisors cut its Alphabet stake by 34.7% in the second quarter, selling 2,898 shares and retaining 5,454 shares valued at approximately $1.95 million.
• Analysts remain broadly bullish on Alphabet, with an average “Buy” rating and a $420.19 price target; recent targets range from $410 to $515.
• Alphabet beat quarterly expectations with $9.11 in earnings per share and $119.8 billion in revenue, while also declaring a quarterly dividend of $0.22 per share.

Elevated Capital Advisors LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 34.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,454 shares of the information services provider's stock after selling 2,898 shares during the period. Alphabet makes up about 0.5% of Elevated Capital Advisors LLC's holdings, making the stock its 28th largest position. Elevated Capital Advisors LLC's holdings in Alphabet were worth $1,949,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in GOOGL. Lifetime Wealth Management P.C. acquired a new position in Alphabet during the fourth quarter worth about $32,000. EMC Capital Management purchased a new position in Alphabet in the fourth quarter valued at about $33,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of Alphabet during the 4th quarter valued at approximately $38,000. Bard Associates Inc. purchased a new stake in shares of Alphabet during the 4th quarter worth approximately $52,000. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Alphabet during the 3rd quarter worth approximately $53,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Analyst Ratings Changes

GOOGL has been the subject of several research analyst reports. Truist Financial set a $420.00 price objective on Alphabet and gave the company a "buy" rating in a research note on Thursday, July 23rd. Bank of America upped their target price on Alphabet from $370.00 to $430.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Pivotal Research reaffirmed a "buy" rating and set a $475.00 price target (up from $470.00) on shares of Alphabet in a research note on Thursday, July 23rd. Needham & Company LLC reiterated a "buy" rating and issued a $450.00 price objective on shares of Alphabet in a research report on Wednesday, June 3rd. Finally, Citizens Jmp reissued a "market outperform" rating and issued a $515.00 price objective on shares of Alphabet in a research note on Wednesday, July 22nd. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $420.19.

Insiders Place Their Bets

In related news, insider John Kent Walker sold 8,998 shares of the company's stock in a transaction on Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the transaction, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frances Arnold sold 82 shares of the stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $333.39, for a total value of $27,337.98. Following the transaction, the director owned 18,914 shares in the company, valued at $6,305,738.46. This trade represents a 0.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 451,945 shares of company stock worth $12,382,714 over the last ninety days. Company insiders own 11.61% of the company's stock.

Alphabet Price Performance

NASDAQ:GOOGL opened at $340.67 on Friday. Alphabet Inc. has a 12-month low of $199.43 and a 12-month high of $408.61. The firm has a market cap of $4.17 trillion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24. The company's 50-day moving average is $352.30 and its two-hundred day moving average is $341.34. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion during 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%. Research analysts expect that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Announces Dividend

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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's dividend payout ratio is currently 4.42%.

Key Stories 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 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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