Alphabet Inc. $GOOGL Stake Raised by Sanctuary Advisors LLC

Key Points

• Sanctuary Advisors LLC increased its Alphabet stake by 2.6% in the first quarter, bringing its holdings to 874,471 shares valued at about $251.5 million. Alphabet is now the fund’s 6th largest position.
• Several other institutional investors also added to or initiated positions in Alphabet, and roughly 40.03% of the stock is owned by hedge funds and other institutional investors.
• Alphabet’s latest quarter beat expectations, with EPS of $9.11 versus $2.89 expected and revenue of $119.8 billion, but the stock is facing mixed sentiment from rising AI-related capital spending and a fresh $1 billion EU fine.

Sanctuary Advisors LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 874,471 shares of the information services provider's stock after acquiring an additional 21,912 shares during the quarter. Alphabet accounts for 1.4% of Sanctuary Advisors LLC's portfolio, making the stock its 6th largest position. Sanctuary Advisors LLC's holdings in Alphabet were worth $251,463,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. NewEdge Wealth LLC grew its position in Alphabet by 11.8% in the 4th quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider's stock valued at $277,696,000 after acquiring an additional 93,293 shares during the last quarter. PFG Investments LLC lifted its position in shares of Alphabet by 2.6% during the first quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock worth $25,679,000 after purchasing an additional 2,269 shares during the last quarter. World Investment Advisors lifted its position in shares of Alphabet by 9.2% during the fourth quarter. World Investment Advisors now owns 274,761 shares of the information services provider's stock worth $86,000,000 after purchasing an additional 23,107 shares during the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust purchased a new stake in shares of Alphabet during the fourth quarter valued at $28,902,000. Finally, Private Advisory Group LLC boosted its stake in shares of Alphabet by 12.2% during the fourth quarter. Private Advisory Group LLC now owns 24,717 shares of the information services provider's stock valued at $7,736,000 after purchasing an additional 2,678 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on GOOGL shares. Loop Capital raised their price target on shares of Alphabet from $355.00 to $490.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. Wells Fargo & Company set a $411.00 price objective on shares of Alphabet and gave the company an "overweight" rating in a research report on Thursday. Roth Capital restated a "buy" rating and issued a $440.00 target price (up from $435.00) on shares of Alphabet in a research note on Thursday. Canaccord Genuity Group upped their target price on shares of Alphabet from $415.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Alphabet in a research report on Monday, June 22nd. Three research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus target price of $419.86.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Q2 results showed strong underlying demand, including an 82% surge in Google Cloud revenue and continued growth in Search and YouTube, reinforcing that its core businesses are still expanding. Google Cloud CEO Kurian says customers are spending 50% more as segment blows away expectations
• Positive Sentiment: Analysts at Barclays argued that a TPU-as-a-service offering could materially lift Alphabet’s long-term profitability, suggesting the market may be underestimating future AI monetization. TPU-As-A-Service could boost Google’s 2028 profit by over 15%: Barclays
• Positive Sentiment: Verizon signed a more than $1 billion dark-fiber deal to support Google’s data centers, underscoring ongoing infrastructure demand tied to Alphabet’s AI and cloud expansion. Verizon signs deal with Google worth over $1 billion
• Neutral Sentiment: Alphabet was included in a momentum screen highlighting stocks with strong earnings and favorable price trends, which is supportive but not a major stock-specific catalyst. 3 High-Momentum Stocks to Buy Now Before They Surge
• Neutral Sentiment: Short-interest data showed no meaningful short position, so this does not appear to be a major driver of the move.
• Negative Sentiment: Investors are worried that Alphabet’s AI spending is becoming too large, with the company increasing 2026 capex guidance and reporting negative free cash flow for the first time in years. Alphabet earnings takeaways: Q2 revenue beats, GOOGL stock sinks on 2026 capex hike
• Negative Sentiment: Alphabet also faced fresh regulatory pressure after the European Commission fined Google about $1 billion under the Digital Markets Act. Google hit with $1 billion EU fine, first under landmark rules
• Negative Sentiment: Waymo reportedly may try to end its partnership with Uber, which could create uncertainty around one of Alphabet’s autonomous-driving distribution channels. Waymo reportedly mulling a breakup with Uber

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction 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 completion of the transaction, the director directly owned 1,481 shares of the company's stock, valued at approximately $545,941.03. The trade was a 41.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction on Friday, June 26th. The stock was sold at an average price of $341.72, for a total value of $153,432.28. Following the sale, the chief accounting officer owned 27,348 shares of the company's stock, valued at $9,345,358.56. This trade represents a 1.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 159,415 shares of company stock valued at $7,672,279 over the last 90 days. Insiders own 11.61% of the company's stock.

Alphabet Stock Performance

GOOGL stock opened at $319.74 on Friday. Alphabet Inc. has a 1-year low of $187.82 and a 1-year high of $408.61. The business has a 50-day moving average price of $362.93 and a 200 day moving average price of $338.74. The company has a market capitalization of $3.87 trillion, a P/E ratio of 16.06, a PEG ratio of 1.31 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 1.92.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating analysts' consensus estimates 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, equities research analysts forecast that Alphabet Inc. will post 14.34 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet's payout ratio is 4.42%.

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.

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