Benjamin Edwards Inc. Has $84.30 Million Holdings in Alphabet Inc. $GOOGL

Key Points

• Benjamin Edwards increased its Alphabet stake by 7.9% in the second quarter, adding 17,344 shares to hold 235,873 shares valued at approximately $84.3 million. Alphabet represents about 0.8% of the firm’s portfolio.
• Alphabet reported a strong quarter, with $9.11 in earnings per share versus a $2.89 consensus estimate and revenue of $119.8 billion, ahead of expectations. Analysts maintain a consensus “Buy” rating with an average price target of $420.19.
• Alphabet’s AI and cloud expansion—including nuclear-power procurement for data centers and the acquisition of AI startup Mechanize—supports its growth outlook, though investors face potential legal scrutiny and concerns over rising AI infrastructure and energy costs.

Benjamin Edwards Inc. boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 235,873 shares of the information services provider's stock after purchasing an additional 17,344 shares during the quarter. Alphabet comprises approximately 0.8% of Benjamin Edwards Inc.'s investment portfolio, making the stock its 19th largest holding. Benjamin Edwards Inc.'s holdings in Alphabet were worth $84,297,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its position in shares of Alphabet by 1.8% during the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock worth $40,524,841,000 after acquiring an additional 4,008,374 shares in the last quarter. Geode Capital Management LLC lifted its position in Alphabet by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider's stock valued at $45,625,595,000 after acquiring an additional 2,666,676 shares in the last quarter. Norges Bank bought a new position in Alphabet in the 4th quarter valued at about $30,534,239,000. Bank of America Corp DE lifted its position in Alphabet by 4.9% in the 4th quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider's stock valued at $21,630,861,000 after acquiring an additional 3,218,852 shares in the last quarter. Finally, Capital World Investors boosted its stake in Alphabet by 1.5% during the 4th quarter. Capital World Investors now owns 53,881,908 shares of the information services provider's stock valued at $16,865,158,000 after purchasing an additional 774,336 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google agreed to secure nuclear power for 22 years, reportedly locking in roughly half of a plant’s output through 2049. The deal could provide more predictable electricity costs and reliable power for energy-intensive AI data centers, strengthening Alphabet’s infrastructure position. Alphabet Jumps 2.5% After Locking In 22 Years of Nuclear Power
• Positive Sentiment: Google completed its acquisition of AI startup Mechanize in a deal reportedly valued at more than $1.5 billion. Mechanize’s former CEO and other employees are joining Google, potentially adding talent focused on AI agents and automation. Google just completed its $1.5 billion-plus deal for AI startup Mechanize
• Positive Sentiment: Investor commentary highlighted Alphabet’s strong AI and cloud outlook. Google Cloud is reportedly growing 82% year over year, while Alphabet’s Gemini technology is expanding into professional video-editing software, supporting the case that AI can broaden enterprise revenue beyond search advertising. Microsoft Vs. Alphabet: The Enterprise Fight No One Saw Coming
• Positive Sentiment: Recent coverage continues to present Alphabet as attractively valued relative to its growth prospects. The company’s latest reported quarter exceeded expectations, with earnings of $9.11 per share versus a $2.89 consensus estimate and revenue of $119.8 billion versus $117.07 billion expected.
• Neutral Sentiment: Alphabet’s inclusion among major AI and cloud beneficiaries, along with Berkshire Hathaway’s reported position in the company, may support investor interest but does not represent a new operating catalyst. Berkshire Hathaway Has a New Top Holding, and It Dominates Its Market
• Negative Sentiment: A law firm said it is continuing an investigation into possible federal securities-law violations involving Alphabet. The announcement does not establish wrongdoing, but it introduces a potential legal and reputational overhang. Securities Fraud Investigation Into Alphabet Continues
• Negative Sentiment: Alphabet faces scrutiny over the scale of AI infrastructure spending, potential financing pressure across the AI industry, and electricity-demand concerns related to new data centers. Finland opposition parties have warned that Google’s expansion could strain local power supplies and raise energy costs. Finland Risks Strained Power Supply After Google AI Deal

Insider Transactions at Alphabet

In related news, 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 value of $2,232,808.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the transaction, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 451,925 shares of company stock worth $12,371,544 in the last quarter. Insiders own 11.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GOOGL. Pivotal Research reissued a "buy" rating and set a $475.00 price objective (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. New Street Research lifted their target price on Alphabet from $450.00 to $455.00 and gave the company a "buy" rating in a research report on Friday, June 5th. Needham & Company LLC reissued a "buy" rating and issued a $450.00 price target on shares of Alphabet in a research report on Wednesday, June 3rd. Wedbush restated an "outperform" rating and set a $445.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $425.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. Five 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. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $420.19.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $338.50 on Friday. The company has a market capitalization of $4.14 trillion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.22. The company's 50-day moving average is $346.75 and its 200 day moving average is $343.66. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a fifty-two week low of $235.84 and a fifty-two week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.89 by $6.22. The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, equities research analysts forecast that Alphabet Inc. will post 20.52 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders 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 dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is presently 4.42%.

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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