Constitution Capital LLC Has $4.85 Million Stock Holdings in Alphabet Inc. $GOOGL

Key Points

• Constitution Capital LLC cut its Alphabet stake by 13.4% in the second quarter, selling 2,100 shares and retaining 13,580 shares valued at approximately $4.85 million. Alphabet represents about 2.5% of the firm’s portfolio.
• Analysts remain broadly bullish, with a consensus “Buy” rating and average price target of $419.86, despite differing targets ranging from $379 to $460.
• Alphabet reported quarterly EPS of $9.11, well above the $2.89 estimate, while revenue reached $119.8 billion. The company also declared a quarterly dividend of $0.22 per share, equivalent to a 0.3% annualized yield.

Constitution Capital LLC reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 13.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,580 shares of the information services provider's stock after selling 2,100 shares during the period. Alphabet comprises about 2.5% of Constitution Capital LLC's investment portfolio, making the stock its 14th biggest position. Constitution Capital LLC's holdings in Alphabet were worth $4,853,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GOOGL. Strategic Wealth Advisors LLC boosted its holdings in Alphabet by 6.0% during the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock valued at $137,000 after purchasing an additional 27 shares in the last quarter. Rockbridge Investment Management LCC raised its holdings in shares of Alphabet by 0.5% in the 1st quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider's stock worth $1,570,000 after buying an additional 27 shares in the last quarter. Ruggaard & Associates LLC raised its holdings in shares of Alphabet by 0.9% in the 1st quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider's stock worth $840,000 after buying an additional 27 shares in the last quarter. Cadia Private Client LLC raised its holdings in shares of Alphabet by 1.1% in the 1st quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock worth $744,000 after buying an additional 28 shares in the last quarter. Finally, Evansbrook LLC lifted its position in shares of Alphabet by 0.3% during the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock worth $2,738,000 after buying an additional 28 shares during the period. Institutional investors own 40.03% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on GOOGL. Robert W. Baird boosted their price target on Alphabet from $380.00 to $400.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. UBS Group dropped their price objective on Alphabet from $400.00 to $379.00 and set a "neutral" rating for the company in a research note on Thursday, July 23rd. Guggenheim reissued a "buy" rating and set a $450.00 price objective (up from $375.00) on shares of Alphabet in a report on Thursday, April 30th. Dbs Bank boosted their target price on shares of Alphabet from $400.00 to $460.00 in a research note on Thursday, May 7th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $445.00 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-four have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $419.86.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $344.00 on Tuesday. Alphabet Inc. has a twelve month low of $196.60 and a twelve month high of $408.61. The firm has a market cap of $4.21 trillion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The business has a fifty day moving average of $353.27 and a 200-day moving average of $341.22.

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, beating analysts' consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. On average, equities research analysts predict that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be paid 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 payout ratio is currently 4.42%.

Insider Activity at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the 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 sale, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 451,945 shares of company stock valued at $12,382,714. Insiders own 11.61% of the company's stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Several prominent investors increased their Alphabet positions in the second quarter. Berkshire Hathaway raised its stake substantially, while Stanley Druckenmiller, Seth Klarman, David Tepper, Dan Loeb, and others also bought shares—potentially reinforcing confidence in Alphabet’s valuation and long-term outlook. Berkshire Hathaway Alphabet stake article
• Positive Sentiment: Google’s Gemini reportedly reached 1 billion active users, supporting the case that Alphabet can build a large consumer AI business alongside its core search franchise. Alphabet’s valuation—about 17 times trailing earnings in the cited analysis—may also appear reasonable relative to its growth prospects. Gemini active users article
• Positive Sentiment: Alphabet is buying anonymized Spirit Airlines business data for $10 million to support product development and AI-model training. The relatively small deal highlights efforts to obtain proprietary data without acquiring customer records. Google Spirit Airlines data acquisition article
• Positive Sentiment: Google Cloud’s accelerating growth and reported $514 billion backlog remain major bullish arguments, indicating sustained enterprise demand for Alphabet’s AI infrastructure and cloud services. Alphabet Google Cloud growth article
• Neutral Sentiment: Alphabet reportedly hired banks for a debut Australian-dollar bond offering. The financing could diversify its funding base, although investors may focus on whether additional borrowing is needed to fund AI investment. Alphabet Australian dollar bond article
• Neutral Sentiment: AI automation startup Relay is shutting down, with some employees joining Google’s Chrome team. The talent acquisition could strengthen Chrome’s AI capabilities, but it is not expected to materially affect near-term earnings. Relay shutdown and Google hiring article
• Negative Sentiment: Alphabet’s planned 2026 capital spending of more than $200 billion is pressuring free cash flow. Commentary about an AI “debt ledger” and potential bond issuance adds to concerns that the AI buildout could require heavier financing before returns are proven. Alphabet AI capital spending article
• Negative Sentiment: Some investors said they are less bullish on Alphabet than two years ago, citing the company’s transformation and increased execution risks. Viking Global also reduced or exited its Alphabet position, offsetting the more widely reported institutional buying. Investor concerns about Alphabet article

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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