Burnham & Co LLC Takes Position in Alphabet Inc. $GOOGL

Key Points

• Burnham & Co. LLC initiated a $3.6 million Alphabet position by purchasing 10,055 shares in the second quarter, making GOOGL its 12th-largest holding. Institutional investors collectively own 40.03% of Alphabet.
• Alphabet reported quarterly revenue of $119.8 billion and EPS of $9.11, significantly exceeding analyst estimates. Analysts maintain a consensus “Buy” rating with an average price target of $420.19.
• Alphabet declared a quarterly dividend of $0.22 per share, equal to an annualized $0.88 and a 0.3% yield, while investors continue weighing strong cloud and AI growth against elevated infrastructure spending and legal risks.

Burnham & Co LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,055 shares of the information services provider's stock, valued at approximately $3,593,000. Alphabet makes up approximately 2.9% of Burnham & Co LLC's investment portfolio, making the stock its 12th largest holding.

Other large investors have also added to or reduced their stakes in the company. NewEdge Wealth LLC boosted its holdings in Alphabet by 11.8% in the fourth quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider's stock worth $277,696,000 after acquiring an additional 93,293 shares in the last quarter. PFG Investments LLC raised its position in shares of Alphabet by 2.6% during the first quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock worth $25,679,000 after purchasing an additional 2,269 shares during the period. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust acquired a new position in shares of Alphabet during the fourth quarter worth approximately $28,902,000. W.G. Shaheen & Associates DBA Whitney & Co lifted its holdings in shares of Alphabet by 17.1% in the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 118,966 shares of the information services provider's stock worth $37,236,000 after purchasing an additional 17,415 shares in the last quarter. Finally, KLCM Advisors Inc. grew its position in Alphabet by 66.1% in the 4th quarter. KLCM Advisors Inc. now owns 22,877 shares of the information services provider's stock valued at $7,161,000 after purchasing an additional 9,105 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $338.46 on Friday. 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 stock's fifty day simple moving average is $349.02 and its two-hundred day simple moving average is $342.61. Alphabet Inc. has a 1-year low of $231.90 and a 1-year high of $408.61. The stock has a market cap 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.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data 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 net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. As a group, analysts forecast that Alphabet Inc. will post 20.5 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be given 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 of this dividend is Friday, September 4th. Alphabet's dividend payout ratio (DPR) is presently 4.42%.

Wall Street Analyst Weigh In

A number of brokerages have commented on GOOGL. Wedbush restated an "outperform" rating and set a $445.00 price target on shares of Alphabet in a research note on Thursday, July 23rd. Barclays reaffirmed an "overweight" rating and issued a $425.00 price objective (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Piper Sandler reiterated an "overweight" rating and set a $395.00 price objective (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. Freedom Capital raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $425.00 target price on shares of Alphabet in a report on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $420.19.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue growth and expanding margins continue to support Alphabet’s AI investment strategy. Supporters argue that cloud growth—reportedly up 82% year over year—could eventually justify the company’s much higher spending. Google Cloud growth article
• Positive Sentiment: A federal judge rejected a forced breakup of Google’s ad-tech business, limiting the immediate structural risk to Alphabet. The company will instead face behavioral remedies, although the ad-network business recently contracted. Google ad-business ruling
• Positive Sentiment: New AI features in Gmail, Docs and Keep, along with continued Gemini development, could improve user engagement and strengthen Alphabet’s competitive position in generative AI. Rosenblatt also reaffirmed a buy rating with a $410 price target. Google AI product launch
• Neutral Sentiment: Alphabet will pay a quarterly dividend of $0.22 per share on September 14 to shareholders of record on September 4, providing a modest income component but unlikely to materially change the investment case. Alphabet dividend article
• Negative Sentiment: Alphabet raised 2026 capital-spending guidance to approximately $195 billion–$205 billion. Second-quarter free cash flow turned negative as capital expenditures reached $44.9 billion, raising concerns that AI infrastructure spending may take years to generate adequate returns. Alphabet cloud margins and AI spending
• Negative Sentiment: Investors are also concerned about execution: Gemini 3.5 Pro reportedly remained delayed, while the company faces multiple securities-fraud investigations and continued scrutiny over its ad-tech practices. These issues add legal and competitive risk to an already expensive AI buildout. Gemini delay article

Insider Activity

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Hennessy sold 1,050 shares of the company's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the completion of the sale, the director directly owned 1,481 shares of the company's stock, valued at $545,941.03. The trade was a 41.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 451,925 shares of company stock valued at $12,371,544 in the last three months. 11.61% of the stock is owned by company 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.

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