Fulton Breakefield Broenniman LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 217,294 shares of the information services provider's stock after selling 5,482 shares during the quarter. Alphabet comprises about 4.6% of Fulton Breakefield Broenniman LLC's investment portfolio, making the stock its 4th biggest holding. Fulton Breakefield Broenniman LLC's holdings in Alphabet were worth $77,654,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Wealth LLC raised its position in shares of Alphabet by 11.8% during the fourth quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider's stock worth $277,696,000 after purchasing an additional 93,293 shares during the period. PFG Investments LLC boosted its position in shares of Alphabet by 2.6% in the 1st quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock valued at $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 purchased a new position in Alphabet in the 4th quarter worth about $28,902,000. W.G. Shaheen & Associates DBA Whitney & Co increased its stake in Alphabet by 17.1% in 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 in the last quarter. Finally, KLCM Advisors Inc. raised its holdings in Alphabet by 66.1% during the 4th quarter. KLCM Advisors Inc. now owns 22,877 shares of the information services provider's stock worth $7,161,000 after buying an additional 9,105 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
GOOGL has been the subject of a number of analyst reports. Mizuho upped their price objective on shares of Alphabet from $420.00 to $460.00 and gave the company an "outperform" rating in a research note on Wednesday, May 6th. Morgan Stanley set a $400.00 target price on shares of Alphabet and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Bank of America upped their price target on shares of Alphabet from $370.00 to $430.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research note on Friday, July 17th. Finally, Arete Research lifted their price objective on shares of Alphabet from $405.00 to $425.00 and gave the stock a "buy" rating in a research report on Monday, May 18th. Six research analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $420.19.
Get Our Latest Report on Alphabet
Key Stories Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Rosenblatt upgraded Alphabet to “strong buy” and reiterated a $410 price target, implying substantial upside and reinforcing the bullish view following Alphabet’s strong earnings report. Alphabet upgraded by Rosenblatt Securities
- Positive Sentiment: Alphabet’s AI spending continues to attract major customers and suppliers. Marvell’s custom-chip agreement includes a warrant structure that would require up to $120 billion of cumulative purchases from Google for full vesting, signaling the potentially enormous scale of Alphabet’s TPU and AI infrastructure buildout. Google’s Marvell warrant
- Positive Sentiment: Waymo received approval to operate up to thousands of commercial robotaxis in Nevada and opened its lower-cost next-generation vehicle to riders in Los Angeles, Phoenix, and San Francisco. Lower production and operating costs could improve the long-term economics of Alphabet’s autonomous-driving unit. Waymo Nevada robotaxi approval
- Positive Sentiment: Alphabet’s earnings momentum remains a support for the stock. The company recently exceeded consensus estimates for both adjusted earnings and revenue, while analysts and prominent investors—including Berkshire Hathaway—continue to highlight Alphabet’s AI positioning and valuation.
Alphabet Stock Performance
Shares of GOOGL opened at $344.82 on Friday. The company has a market capitalization of $4.22 trillion, a PE ratio of 17.32, a PEG ratio of 0.97 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The company's 50 day moving average price is $352.00 and its 200 day moving average price is $341.37. Alphabet Inc. has a 52 week low of $201.30 and a 52 week high of $408.61.
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 (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. The company 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 fiscal year.
Alphabet Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet's dividend payout ratio (DPR) is currently 4.42%.
Insider Transactions at Alphabet
In related news, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $333.39, for a total transaction of $27,337.98. Following the completion of the sale, the director owned 18,914 shares of the company's stock, valued at approximately $6,305,738.46. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the transaction, the chief accounting officer owned 27,386 shares in the company, 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 worth $12,382,714 in the last ninety days. Company insiders own 11.61% of the company's stock.
Alphabet Company Profile
(
Free Report)
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.
See Also
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.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Alphabet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.
While Alphabet currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
