Angeles Wealth Management LLC Has $25.93 Million Position in Alphabet Inc. $GOOGL

Key Points

• Angeles Wealth Management increased its Alphabet stake by 14.6% in the second quarter, bringing its holdings to 72,545 shares worth approximately $25.93 million. Institutional investors collectively own 40.03% of Alphabet.
• Alphabet’s growth outlook is supported by new AI-chip revenue, Waymo’s planned Singapore expansion and bullish analyst sentiment; the average analyst price target is $422.16 versus a recent price near $349.54.
• Key risks include insider selling, increased AI infrastructure spending and regulatory pressure. Alphabet insiders sold roughly $11.98 million of stock over the past 90 days, while an antitrust ruling imposed operational restrictions on Google’s advertising business without ordering a breakup.

Angeles Wealth Management LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 14.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 72,545 shares of the information services provider's stock after buying an additional 9,266 shares during the quarter. Alphabet comprises approximately 1.0% of Angeles Wealth Management LLC's investment portfolio, making the stock its 17th biggest holding. Angeles Wealth Management LLC's holdings in Alphabet were worth $25,925,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Highland Financial Advisors LLC raised its holdings in shares of Alphabet by 46.4% in the second quarter. Highland Financial Advisors LLC now owns 1,487 shares of the information services provider's stock valued at $531,000 after purchasing an additional 471 shares during the last quarter. Riverview Capital Advisers LLC boosted its holdings in Alphabet by 5.0% during the second quarter. Riverview Capital Advisers LLC now owns 17,151 shares of the information services provider's stock worth $6,129,000 after purchasing an additional 822 shares during the last quarter. Chokshi & Queen Wealth Advisors Inc grew its position in Alphabet by 12.3% in the second quarter. Chokshi & Queen Wealth Advisors Inc now owns 5,927 shares of the information services provider's stock valued at $2,118,000 after purchasing an additional 650 shares in the last quarter. Noble Wealth Partners LLC acquired a new stake in Alphabet in the 2nd quarter valued at $469,000. Finally, Advisory Solutions Group LLC acquired a new stake in Alphabet in the 2nd quarter valued at $895,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Activity

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John Walker sold 8,998 shares of Alphabet stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the completion of the transaction, the insider directly owned 75,290 shares in the company, valued at $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. 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 90 days. 11.61% of the stock is owned by corporate insiders.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI chip sales add a new revenue stream: Alphabet began recognizing revenue from sales of its internally developed AI chip systems in the second quarter. Investors may view the business as both a potential growth driver and a way to monetize Google’s technology infrastructure. 2 Stocks to Buy as Google Starts Selling Its AI Chips
• Positive Sentiment: Analyst raises price target: Tigress Financial Partners increased its price target for GOOGL to $485, reflecting confidence in Alphabet’s Search, Cloud, YouTube, Gemini and custom-chip opportunities. Alphabet Price Target Raised to $485
• Positive Sentiment: Waymo expands internationally: Alphabet’s autonomous-driving unit plans to launch an all-electric robotaxi service in Singapore by 2028, strengthening the long-term investment case for Alphabet’s “Other Bets” portfolio. Waymo to Bring Autonomous Ride-Hailing to Singapore
• Positive Sentiment: Options activity signals bullish positioning: Investors purchased roughly 520,000 Alphabet call options, above typical volume, indicating increased speculative interest in further upside.
• Neutral Sentiment: Ad-tech ruling avoids a breakup but imposes restrictions: A federal judge ordered Google to share more auction data with publishers and appoint an antitrust monitor, but rejected a forced breakup. Avoiding structural separation limits the immediate risk to Alphabet’s advertising business, while the behavioral remedies could pressure operations and margins. Tech Watchdogs Criticize Google Adtech Ruling
• Negative Sentiment: Higher rates and AI spending remain risks: The Federal Reserve’s rate increase and Alphabet’s heavy investment in AI infrastructure could keep pressure on free cash flow and valuation, even as Cloud backlog and AI demand remain strong.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $349.54 on Friday. The company has a market cap of $4.27 trillion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.01 and a beta of 1.22. Alphabet Inc. has a fifty-two week low of $235.84 and a fifty-two week high of $408.61. 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 stock has a fifty day moving average price of $345.20 and a 200-day moving average price of $344.91.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly 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. The business had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. As a group, equities analysts anticipate that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of recent research reports. HSBC restated a "buy" rating and set a $420.00 price objective (down from $435.00) on shares of Alphabet in a research note on Tuesday, June 2nd. 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. Evercore reiterated an "outperform" rating and set a $450.00 target price on shares of Alphabet in a report on Wednesday. Wells Fargo & Company set a $411.00 price target on Alphabet and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Finally, Zacks Research downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Alphabet currently has an average rating of "Buy" and an average target price 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.

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