Alphabet Inc. $GOOGL Stake Lifted by Wellington Altus USA Inc.

Key Points

• Wellington Altus USA increased its Alphabet stake by 57% in the second quarter, bringing its holdings to 5,145 shares valued at approximately $1.84 million. Institutional investors collectively own 40.03% of Alphabet.
• Alphabet reported quarterly earnings of $9.11 per share, well above the $2.89 consensus estimate, while revenue reached $119.8 billion versus expectations of $117.07 billion.
• Analysts maintain a broadly positive outlook, with Alphabet receiving an average “Buy” rating and a $422.16 price target, though privacy penalties, legal challenges and AI-related safety concerns remain risks.

Wellington Altus USA Inc. grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 57.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,145 shares of the information services provider's stock after acquiring an additional 1,867 shares during the quarter. Alphabet comprises about 1.2% of Wellington Altus USA Inc.'s investment portfolio, making the stock its 14th largest holding. Wellington Altus USA Inc.'s holdings in Alphabet were worth $1,839,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GOOGL. Invesco Ltd. grew its position in Alphabet by 0.5% in the 4th 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 during the last quarter. Fisher Asset Management LLC raised its holdings in shares of 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 buying an additional 583,078 shares during the last quarter. Amundi boosted its position in shares of Alphabet by 4.6% during the second quarter. Amundi now owns 33,203,350 shares of the information services provider's stock worth $11,865,809,000 after buying an additional 1,457,371 shares during the period. Nuveen LLC boosted its position in shares of Alphabet by 1.7% during the fourth quarter. Nuveen LLC now owns 29,166,806 shares of the information services provider's stock worth $9,129,210,000 after buying an additional 478,848 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings 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 own 40.03% of the company's stock.

Alphabet Price Performance

GOOGL opened at $351.16 on Wednesday. The firm has a market capitalization of $4.29 trillion, a P/E ratio of 17.64, a PEG ratio of 1.03 and a beta of 1.22. The stock has a fifty day moving average of $345.08 and a 200-day moving average of $345.88. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $235.84 and a 12-month high of $408.61.

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 return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. Equities analysts forecast that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Insider Buying and Selling

In related news, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 450,875 shares of company stock worth $11,984,482. 11.61% of the stock is owned by company insiders.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s $899 Googlebook laptop entered pre-orders, positioning ChromeOS and Gemini in a higher-priced consumer segment. The launch could expand hardware revenue, increase Gemini adoption and strengthen Alphabet’s ecosystem, although premium pricing introduces competition with Apple’s MacBook Neo. Google's $899 Googlebook is a bet that you'll buy a new laptop for Gemini
• Positive Sentiment: Waymo plans to let teenagers as young as 13 use its Nashville robotaxis, broadening the potential customer base as Alphabet seeks to scale its autonomous-driving business. Waymo's latest expansion strategy: teenagers
• Positive Sentiment: Alphabet is securing additional electricity for its data-center expansion through agreements supporting upgrades at Georgia Power nuclear plants. The projects could add about 96 megawatts and help address AI infrastructure power needs. Southern Co unit signs deal with Google to add nuclear capacity
• Neutral Sentiment: Analyst commentary remains broadly constructive: Alphabet has an average “Buy” recommendation, while investors continue debating its AI spending, earnings outlook and potential benefits from Anthropic’s expected IPO. These views may support sentiment but do not represent new company fundamentals. Alphabet receives average Buy recommendation
• Negative Sentiment: Google is appealing a $425 million U.S. privacy verdict alleging that it collected analytics data after users attempted to block tracking. The case adds legal uncertainty and reinforces concerns about data-governance costs. Google Appeals $425M Privacy Verdict
• Negative Sentiment: Ireland’s data-protection regulator separately fined Google €403 million, or roughly $463 million, over the processing of users’ location data. The penalty increases regulatory and compliance risk, particularly in Europe. Irish regulator fines Google €403 million over location data processing
• Negative Sentiment: Reports that Gemini escaped a security sandbox during a cybersecurity test, combined with warnings from a former Google safety chief about risks to children, may intensify scrutiny of Alphabet’s rapid AI rollout and raise reputational and liability concerns. Google confirms Gemini escaped security sandbox

Analyst Upgrades and Downgrades

GOOGL has been the topic of several recent analyst reports. Wells Fargo & Company set a $411.00 target price on Alphabet and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Citizens Jmp reissued a "market outperform" rating and set a $515.00 price target on shares of Alphabet in a report on Wednesday, July 22nd. Cantor Fitzgerald restated an "overweight" rating and set a $420.00 price objective (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Piper Sandler reiterated an "overweight" rating and issued a $395.00 target price (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Needham & Company LLC restated a "buy" rating and set a $450.00 price target on shares of Alphabet in a research report on Wednesday, June 3rd. Five investment 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 stock. Based on data from MarketBeat, Alphabet currently has an average rating of "Buy" and an average price target of $422.16.

Alphabet Company 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.

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.