Alphabet Inc. $GOOGL Stock Holdings Increased by Symphony Financial Ltd. Co.

Key Points

• Symphony Financial increased its Alphabet stake by 5.6% during the second quarter, bringing its holdings to 46,676 shares valued at approximately $16.55 million. Institutional investors collectively own 40.03% of Alphabet.
• Alphabet reported quarterly revenue of $119.8 billion and EPS of $9.11, exceeding analyst expectations. Analysts maintain a consensus “Buy” rating with an average price target of $420.19.
• Growth prospects remain centered on Google Cloud and AI, while rising infrastructure spending, paused buybacks, insider selling and potential legal investigations present risks for investors.

Symphony Financial Ltd. Co. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,676 shares of the information services provider's stock after purchasing an additional 2,467 shares during the period. Alphabet makes up approximately 1.9% of Symphony Financial Ltd. Co.'s holdings, making the stock its 12th biggest position. Symphony Financial Ltd. Co.'s holdings in Alphabet were worth $16,548,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Banco de Sabadell S.A lifted its stake in Alphabet by 1.0% during the second quarter. Banco de Sabadell S.A now owns 24,048 shares of the information services provider's stock valued at $8,593,000 after buying an additional 244 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. increased its position in shares of Alphabet by 2.7% in the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 615,674 shares of the information services provider's stock worth $220,023,000 after acquiring an additional 15,941 shares in the last quarter. Independence Bank of Kentucky raised its holdings in shares of Alphabet by 0.6% during the second quarter. Independence Bank of Kentucky now owns 84,951 shares of the information services provider's stock valued at $30,359,000 after acquiring an additional 494 shares during the period. Bedel Financial Consulting Inc. raised its holdings in shares of Alphabet by 8.4% during the second quarter. Bedel Financial Consulting Inc. now owns 22,888 shares of the information services provider's stock valued at $8,179,000 after acquiring an additional 1,771 shares during the period. Finally, Midwest Professional Planners LTD. lifted its position in shares of Alphabet by 3.5% in the 2nd quarter. Midwest Professional Planners LTD. now owns 2,447 shares of the information services provider's stock valued at $875,000 after acquiring an additional 83 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud remains a major growth catalyst. Alphabet’s cloud backlog reportedly reached $514 billion after second-quarter revenue growth of 82%, reinforcing expectations that Cloud could become a larger long-term earnings driver alongside Search. Alphabet cloud backlog article
• Positive Sentiment: AI concerns are benefiting Alphabet relative to some peers. Alphabet and Meta have attracted investor interest even as concerns about excessive frontier-model spending weigh on parts of the technology sector. A possible slowdown could favor established platforms with strong cash flows, distribution and proprietary infrastructure. Google and Meta AI concerns article
• Positive Sentiment: Waymo is expanding commercially. Alphabet’s autonomous-driving unit has begun offering robotaxi rides to the general public in Las Vegas, its first Nevada market, expanding a potential future growth business. Waymo Las Vegas article
• Positive Sentiment: Alphabet is broadening its AI ecosystem. Giving engineers access to Anthropic’s Claude may improve coding productivity and reflects Alphabet’s investment exposure to Anthropic, although Claude also competes with Google’s own AI models. Google Claude access article
• Neutral Sentiment: Technical momentum is improving. Stockton believes Alphabet may be emerging from its multi-month correction, while recent commentary highlights its cloud position, YouTube scale and custom AI chips as potential competitive advantages.
• Negative Sentiment: AI infrastructure spending is pressuring capital returns. Reports say Alphabet has halted buybacks, its share count is rising and debt has increased as it funds data centers, energy contracts and AI capacity. Local opposition to new data centers could also raise costs or delay projects. Big Tech buybacks article
• Negative Sentiment: Investor sentiment faces legal overhang. Multiple law firms are publicizing securities-fraud investigations involving Alphabet. These announcements do not establish wrongdoing but could add volatility and potential litigation risk. Alphabet securities investigation article

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $337.71, for a total transaction of $27,692.22. Following the completion of the sale, the director directly owned 18,995 shares in the company, valued at $6,414,801.45. The trade was a 0.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet 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. The SEC filing for this sale provides additional information. Insiders sold 450,875 shares of company stock valued at $11,984,482 in the last three months. Corporate insiders own 11.61% of the company's stock.

Alphabet Trading Up 3.2%

Alphabet stock opened at $349.39 on Tuesday. The company's fifty day simple moving average is $346.41 and its 200-day simple moving average is $344.15. 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. The stock has a market cap of $4.27 trillion, a P/E ratio of 17.55, a P/E/G ratio of 0.98 and a beta of 1.22.

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. The business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. As a group, sell-side analysts forecast that Alphabet Inc. will post 20.52 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Barclays reaffirmed an "overweight" rating and issued a $425.00 price objective (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Royal Bank Of Canada reissued an "outperform" rating and set a $425.00 target price on shares of Alphabet in a research note on Thursday, July 23rd. DZ Bank upgraded Alphabet to a "strong-buy" rating in a report on Thursday, July 23rd. Roth Capital reaffirmed a "buy" rating and issued a $440.00 target price (up from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Pivotal Research reiterated a "buy" rating and set a $475.00 price target (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $420.19.

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.