Annex Advisory Services LLC Has $94.96 Million Holdings in Alphabet Inc. $GOOGL

Key Points

• Annex Advisory Services reduced its Alphabet position by 0.6% in the second quarter, selling 1,550 shares and retaining 265,715 shares valued at approximately $94.96 million. Alphabet represents 1.6% of the firm’s portfolio.
• Alphabet reported quarterly EPS of $9.11, far exceeding the $2.89 consensus estimate, while revenue reached $119.80 billion versus expectations of $117.07 billion. The company also declared a quarterly dividend of $0.22 per share, or $0.88 annually.
• Wall Street maintains a favorable outlook, with the stock carrying a consensus “Buy” rating and an average price target of $419.86, compared with a reported opening price of $344.72.

Annex Advisory Services LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 265,715 shares of the information services provider's stock after selling 1,550 shares during the period. Alphabet accounts for 1.6% of Annex Advisory Services LLC's holdings, making the stock its 13th biggest holding. Annex Advisory Services LLC's holdings in Alphabet were worth $94,959,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of GOOGL. Lifetime Wealth Management P.C. bought a new stake in shares of Alphabet during the 4th quarter valued at about $32,000. EMC Capital Management bought a new stake in Alphabet in the fourth quarter valued at $33,000. IFC & Insurance Marketing Inc. bought a new stake in Alphabet in the fourth quarter valued at $38,000. Bard Associates Inc. acquired a new position in shares of Alphabet during the fourth quarter valued at about $52,000. Finally, iSAM Funds UK Ltd acquired a new position in shares of Alphabet during the third quarter valued at about $53,000. Institutional investors own 40.03% of the company's stock.

Alphabet Price Performance

GOOGL stock opened at $344.72 on Thursday. 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 business has a 50-day simple moving average of $352.64 and a two-hundred day simple moving average of $341.32. The company has a market capitalization of $4.22 trillion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24. Alphabet Inc. has a 52-week low of $196.60 and a 52-week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating 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 company had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. Research analysts expect that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is 4.42%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GOOGL. Rothschild & Co Redburn raised their target price on Alphabet from $390.00 to $430.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Alphabet in a research note on Tuesday, April 28th. Stifel Nicolaus set a $420.00 price target on Alphabet and gave the stock a "buy" rating in a report on Thursday, April 30th. Loop Capital raised their price objective on Alphabet from $355.00 to $490.00 and gave the company a "buy" rating in a research note on Friday, May 15th. Finally, Rosenblatt Securities restated a "neutral" rating and set a $393.00 price objective on shares of Alphabet in a report on Thursday, July 23rd. Five analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $419.86.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Custom AI-chip partnership strengthens Alphabet’s infrastructure position. Marvell Technology issued Alphabet a warrant to purchase up to 58.97 million shares—roughly 6.7% of Marvell—at $206.58 per share, as part of a partnership to develop custom chips that connect to Google’s TPU ecosystem. The deal signals continued investment in internally tailored AI computing capacity and could reduce reliance on existing suppliers. Marvell Google AI chip deal
• Positive Sentiment: Google Cloud remains a major growth engine. Cloud revenue reportedly rose 82% year over year to $24.8 billion in the second quarter, outpacing Microsoft Azure and Amazon Web Services. The growth reflects strong demand for AI workloads and supports the case that Alphabet’s substantial AI capital spending is generating customer revenue. Google Cloud growth
• Positive Sentiment: Waymo expanded commercial access to cheaper robotaxis. Alphabet’s autonomous-driving unit opened its next-generation, lower-cost vehicles to all riders in Los Angeles, Phoenix, and San Francisco. Lower production, operating, and maintenance costs could improve Waymo’s long-term scalability. Waymo robotaxi expansion
• Positive Sentiment: Investor sentiment was supported by institutional backing and favorable technical signals. Berkshire Hathaway reportedly increased its Alphabet position to approximately $37 billion, while Morgan Stanley identified Alphabet among large-cap technology stocks showing bullish momentum. Berkshire Alphabet investment
• Neutral Sentiment: Alphabet raised about $3.9 billion through its inaugural Australian-dollar bond, supporting AI and data-center investment but also adding to concerns about rising borrowing across the AI industry. Alphabet Australian dollar bond
• Negative Sentiment: Prediction markets indicate that Google’s next flagship Gemini Pro model is unlikely to launch before September, extending a delay that could weigh on competitive positioning in generative AI. Gemini launch delay

Insider Activity

In other news, insider John Kent Walker sold 8,998 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the sale, the insider owned 75,290 shares in the company, valued at $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frances Arnold sold 82 shares of the firm's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $333.39, for a total transaction of $27,337.98. Following the transaction, the director directly owned 18,914 shares in the company, valued at $6,305,738.46. The trade was a 0.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 451,945 shares of company stock worth $12,382,714. 11.61% of the stock is owned by insiders.

About Alphabet

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.

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.

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