Continuum Advisory LLC Acquires 2,061 Shares of Alphabet Inc. $GOOGL

Key Points

• Continuum Advisory increased its Alphabet stake by 5.8%, purchasing 2,061 additional shares and bringing its holdings to 37,524 shares valued at approximately $13.4 million.
• Analysts maintain a consensus “Buy” rating on GOOGL, with an average price target of $420.19 versus the stock’s opening price of $344.98.
• Alphabet exceeded quarterly earnings and revenue expectations, but investors remain focused on heavy AI infrastructure spending, potential regulatory restrictions and concerns about free-cash-flow pressure and paused buybacks.

Continuum Advisory LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,524 shares of the information services provider's stock after buying an additional 2,061 shares during the quarter. Alphabet makes up approximately 1.1% of Continuum Advisory LLC's portfolio, making the stock its 17th largest holding. Continuum Advisory LLC's holdings in Alphabet were worth $13,410,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on GOOGL. Cantor Fitzgerald restated an "overweight" rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Piper Sandler reiterated an "overweight" rating and issued a $395.00 target price (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Wedbush reissued an "outperform" rating and issued a $445.00 price target on shares of Alphabet in a research report on Thursday, July 23rd. Truist Financial set a $420.00 price target on shares of Alphabet and gave the company a "buy" rating in a research note on Thursday, July 23rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $450.00 price objective on shares of Alphabet in a report on Wednesday, June 3rd. Five research analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $420.19.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Waymo plans to launch a fully autonomous commercial taxi service in Tokyo in 2027 with Japanese partners, following its expansion into Las Vegas. The moves provide a potential long-term growth avenue beyond advertising and cloud computing. Waymo, Japanese partners target driverless taxi service in Tokyo in 2027
• Positive Sentiment: Analysts and market commentary continue to highlight Alphabet’s relatively inexpensive valuation, rapidly expanding Google Cloud backlog and potential for approximately 50% upside if cloud growth and AI monetization continue. A nuclear-power agreement with Fortum could also support the electricity needs of its energy-intensive data centers. Alphabet Has 50% Upside and the Cheapest Multiple of the Big Six
• Neutral Sentiment: OpenAI, Google DeepMind and Anthropic are discussing cooperation on AI safety and standards. Collaboration may reduce catastrophic-risk concerns and support clearer regulation, but it also underscores growing political scrutiny of frontier AI. OpenAI, Google, Anthropic discussing collaboration on AI safety issues
• Negative Sentiment: Proposed Senate legislation could give federal regulators authority to block or impose conditions on powerful AI models. Investors are concerned that such restrictions could delay product launches and affect the value of Alphabet’s large Cloud backlog. Senate’s Proposed AI Kill Switch Could Give Washington Veto Power Over Google’s Frontier Models
• Negative Sentiment: Investors are questioning the impact of heavy AI infrastructure spending on free cash flow. Reports that Alphabet has paused buybacks while its share count rises could reduce near-term shareholder returns and increase pressure on earnings conversion. What Happens To Alphabet Stock If Free Cash Flow Stays Negative?
• Negative Sentiment: Higher crude prices, elevated Treasury yields, expectations for another Federal Reserve rate increase and renewed uncertainty about AI demand pressured technology stocks broadly. Separate commentary also points to search-traffic headwinds and stronger digital-advertising growth at Reddit. Why is Alphabet stock falling today?

Alphabet Stock Down 1.3%

GOOGL opened at $344.98 on Wednesday. The firm has a market capitalization of $4.22 trillion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 1.01 and a beta of 1.22. Alphabet Inc. has a one year low of $235.84 and a one year high of $408.61. The company has a fifty day moving average price of $345.97 and a 200-day moving average price of $344.38. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.

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 for the quarter, beating the consensus estimate 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 analysts' expectations of $117.07 billion. Equities research analysts expect that Alphabet Inc. will post 20.52 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were given a dividend of $0.22 per share. The ex-dividend date was Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is 4.42%.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction 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 completion of the sale, the director directly owned 18,995 shares of the company's stock, valued at approximately $6,414,801.45. The trade was a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the transaction, the chief accounting officer owned 27,386 shares of the company's stock, valued at $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 450,875 shares of company stock valued at $11,984,482. Insiders own 11.61% of the company's stock.

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.

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