Avanda Investment Management Pte. Ltd. Has $3.16 Million Stake in Alphabet Inc. $GOOGL

Key Points

• Avanda Investment Management cut its Alphabet stake by 45% in the first quarter, selling 9,000 shares and ending with 11,000 shares worth about $3.16 million. Alphabet now represents roughly 5% of the firm’s portfolio and its fourth-largest position.
• Alphabet’s latest earnings were strong, with EPS of $9.11 beating estimates and revenue of $119.8 billion topping forecasts. Management also highlighted major growth in Google Cloud, which helped support the bullish case for the stock.
• Despite solid results, investors are watching several headwinds, including higher 2026 AI-related capex, a fresh EU fine, and uncertainty around Waymo’s Uber partnership. Even so, Wall Street remains broadly positive, with analysts maintaining a consensus Buy rating.

Avanda Investment Management Pte. Ltd. trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 45.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,000 shares of the information services provider's stock after selling 9,000 shares during the quarter. Alphabet accounts for approximately 5.0% of Avanda Investment Management Pte. Ltd.'s investment portfolio, making the stock its 4th largest position. Avanda Investment Management Pte. Ltd.'s holdings in Alphabet were worth $3,163,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. NewEdge Wealth LLC increased its stake in Alphabet by 11.8% during the 4th quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider's stock worth $277,696,000 after buying an additional 93,293 shares during the period. PFG Investments LLC lifted its holdings in Alphabet by 2.6% during the 1st quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock worth $25,679,000 after buying an additional 2,269 shares in the last quarter. World Investment Advisors boosted its position in Alphabet by 9.2% in the 4th quarter. World Investment Advisors now owns 274,761 shares of the information services provider's stock valued at $86,000,000 after buying an additional 23,107 shares during the period. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust purchased a new position in Alphabet in the 4th quarter valued at approximately $28,902,000. Finally, Private Advisory Group LLC grew its stake in Alphabet by 12.2% during the 4th quarter. Private Advisory Group LLC now owns 24,717 shares of the information services provider's stock worth $7,736,000 after purchasing an additional 2,678 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Key Stories Impacting Alphabet

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

In related news, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the transaction, the director owned 1,481 shares in the company, valued at $545,941.03. This trade represents a 41.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total value of $39,343.36. Following the transaction, the director directly owned 18,833 shares in the company, valued at approximately $6,615,656.24. This trade represents a 0.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 159,415 shares of company stock worth $7,672,279 over the last ninety days. 11.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on GOOGL. Wolfe Research dropped their price objective on shares of Alphabet from $390.00 to $360.00 and set an "outperform" rating on the stock in a research report on Friday, April 10th. Cantor Fitzgerald reiterated an "overweight" rating and set a $420.00 target price (down from $435.00) on shares of Alphabet in a research note on Thursday. Dbs Bank increased their target price on Alphabet from $400.00 to $460.00 in a report on Thursday, May 7th. Canaccord Genuity Group raised their price target on Alphabet from $415.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Finally, Guggenheim reaffirmed a "buy" rating and set a $450.00 price target (up from $375.00) on shares of Alphabet in a report on Thursday, April 30th. Five research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $419.86.

Alphabet Price Performance

Shares of GOOGL opened at $319.74 on Friday. 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 Inc. has a 1-year low of $187.82 and a 1-year high of $408.61. The stock has a market cap of $3.87 trillion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.31 and a beta of 1.24. The firm has a fifty day moving average price of $362.93 and a 200 day moving average price of $338.74.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued 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 company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. As a group, sell-side analysts anticipate that Alphabet Inc. will post 17.59 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be given 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 dividend yield of 0.3%. Alphabet's dividend 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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