BTG Pactual Asset Management US LLC Boosts Position in Alphabet Inc. $GOOGL

Key Points

• BTG Pactual Asset Management US LLC increased its Alphabet stake by 31.3% in the second quarter, adding 4,883 shares to hold 20,479 shares worth approximately $7.3 million.
• Institutional investors own about 40.03% of Alphabet, while company insiders sold 451,925 shares valued at roughly $12.4 million in the latest quarter.
• Alphabet reported quarterly earnings of $9.11 per share and revenue of $119.8 billion, exceeding analyst expectations; analysts maintain a consensus “Buy” rating with an average price target of $420.19.

BTG Pactual Asset Management US LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 31.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,479 shares of the information services provider's stock after buying an additional 4,883 shares during the quarter. BTG Pactual Asset Management US LLC's holdings in Alphabet were worth $7,319,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GOOGL. Oarsman Capital Inc. grew its stake in Alphabet by 0.5% in the second quarter. Oarsman Capital Inc. now owns 21,313 shares of the information services provider's stock worth $7,616,000 after purchasing an additional 109 shares in the last quarter. Rothschild Capital Partners LLC grew its position in shares of Alphabet by 1.5% during the 2nd quarter. Rothschild Capital Partners LLC now owns 109,289 shares of the information services provider's stock worth $39,057,000 after buying an additional 1,570 shares in the last quarter. RPg Family Wealth Advisory LLC increased its stake in shares of Alphabet by 0.4% during the second quarter. RPg Family Wealth Advisory LLC now owns 8,080 shares of the information services provider's stock valued at $2,888,000 after buying an additional 30 shares during the period. Susquehanna Advisors Group Inc. purchased a new position in shares of Alphabet during the second quarter valued at $133,918,000. Finally, Sigma Planning Corp increased its stake in shares of Alphabet by 8.9% during the second quarter. Sigma Planning Corp now owns 85,938 shares of the information services provider's stock valued at $30,712,000 after buying an additional 7,047 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Walker sold 8,998 shares of the business's 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 sale, the insider owned 75,290 shares in the company, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their position. 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. Insiders own 11.61% of the company's stock.

More 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

Alphabet Stock Up 1.8%

GOOGL stock opened at $338.50 on Friday. The firm has a 50 day moving average of $346.75 and a 200 day moving average of $343.66. The stock has a market capitalization of $4.14 trillion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.22. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 52 week low of $235.84 and a 52 week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. Sell-side analysts forecast that Alphabet Inc. will post 20.52 earnings per share for the current year.

Alphabet Announces Dividend

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. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's dividend payout ratio is presently 4.42%.

Analysts Set New Price Targets

Several brokerages have issued reports on GOOGL. Jefferies Financial Group reiterated a "buy" rating on shares of Alphabet in a report on Monday, June 22nd. Wells Fargo & Company set a $411.00 target price on shares of Alphabet and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Cantor Fitzgerald restated an "overweight" rating and issued a $420.00 price target (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Piper Sandler reaffirmed an "overweight" rating and issued a $395.00 price target (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Arete Research increased their price objective on shares of Alphabet from $405.00 to $425.00 and gave the company a "buy" rating in a research note on Monday, May 18th. 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.com, the stock has an average rating of "Buy" and a consensus price target of $420.19.

Alphabet 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.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).

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.