Braun Stacey Associates Inc. Has $117.09 Million Stake in Alphabet Inc. $GOOGL

Key Points

• Braun Stacey Associates increased its Alphabet stake by 3.3% in the second quarter to 327,643 shares valued at approximately $117.09 million, making Alphabet its fourth-largest holding.
• Alphabet reported quarterly results well above expectations, with $9.11 in EPS versus $2.89 expected and $119.8 billion in revenue versus $117.07 billion forecast. Analysts maintain a consensus “Buy” rating with an average price target of $420.19.
• Alphabet is benefiting from strong AI and cloud momentum, but faces potential risks from heavy AI infrastructure spending, energy demands and an ongoing securities-law investigation; insiders sold $12.37 million of stock in the last quarter.

Braun Stacey Associates Inc. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 327,643 shares of the information services provider's stock after purchasing an additional 10,520 shares during the period. Alphabet makes up 3.3% of Braun Stacey Associates Inc.'s investment portfolio, making the stock its 4th largest holding. Braun Stacey Associates Inc.'s holdings in Alphabet were worth $117,090,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of GOOGL. Lifetime Wealth Management P.C. bought a new position in Alphabet in the fourth quarter worth $32,000. EMC Capital Management purchased a new position in Alphabet during the fourth quarter valued at $33,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at $38,000. Bard Associates Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at $52,000. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Alphabet in the 3rd quarter worth about $53,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Activity

In related news, CAO Marsida Saraci sold 449 shares of the business'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 transaction of $149,606.80. Following the completion of the sale, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frances Arnold sold 82 shares of the company's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $337.71, for a total transaction of $27,692.22. Following the sale, the director directly owned 18,995 shares of the company's stock, valued at approximately $6,414,801.45. This represents a 0.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 451,925 shares of company stock valued at $12,371,544 in the last quarter. 11.61% of the stock is currently owned by insiders.

Key Alphabet News

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

Analysts Set New Price Targets

Several brokerages recently issued reports on GOOGL. Cantor Fitzgerald reiterated an "overweight" rating and issued a $420.00 price target (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Arete Research boosted their price objective on shares of Alphabet from $405.00 to $425.00 and gave the stock a "buy" rating in a research note on Monday, May 18th. Freedom Capital upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Pivotal Research reaffirmed a "buy" rating and set a $475.00 target price (up from $470.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, DA Davidson set a $350.00 target price on shares of Alphabet and gave the company a "neutral" rating 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 issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $420.19.

Alphabet Trading Up 1.8%

NASDAQ:GOOGL opened at $338.50 on Friday. The company has a market cap of $4.14 trillion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 0.96 and a beta of 1.22. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The company has a 50 day simple moving average of $346.75 and a two-hundred day simple moving average of $343.66. Alphabet Inc. has a 12 month low of $235.84 and a 12 month high of $408.61.

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

Alphabet Announces Dividend

The company also recently declared 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet's payout ratio is currently 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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