Csenge Advisory Group Acquires 3,941 Shares of Alphabet Inc. $GOOGL

Key Points

• Csenge Advisory Group increased its Alphabet stake by 7.2% in the second quarter, purchasing 3,941 shares and bringing its holdings to 58,346 shares valued at approximately $20.9 million. Institutional investors currently own 40.03% of Alphabet.
• Alphabet reported quarterly earnings of $9.11 per share, well above the $2.89 consensus estimate, while revenue reached $119.8 billion. The company also declared a quarterly dividend of $0.22 per share, equivalent to a 0.3% yield.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $420.19, but investors continue to monitor antitrust requirements, heavy AI infrastructure spending and competition from OpenAI.

Csenge Advisory Group grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,346 shares of the information services provider's stock after purchasing an additional 3,941 shares during the quarter. Alphabet makes up 0.8% of Csenge Advisory Group's investment portfolio, making the stock its 19th largest holding. Csenge Advisory Group's holdings in Alphabet were worth $20,851,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GOOGL. Brighton Jones LLC raised its position in Alphabet by 3.9% in the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after acquiring an additional 4,110 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Alphabet by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock worth $2,826,000 after purchasing an additional 506 shares during the last quarter. Matrix Asset Advisors Inc. NY raised its holdings in shares of Alphabet by 17.6% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider's stock worth $685,000 after purchasing an additional 581 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Alphabet by 11.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider's stock worth $85,557,000 after purchasing an additional 48,805 shares during the period. Finally, United Bank lifted its stake in Alphabet by 6.9% in the second quarter. United Bank now owns 48,204 shares of the information services provider's stock valued at $8,495,000 after purchasing an additional 3,120 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Activity

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

Alphabet Trading Up 0.6%

Shares of Alphabet stock opened at $337.12 on Thursday. Alphabet Inc. has a 12-month low of $224.79 and a 12-month high of $408.61. The company has a market cap of $4.12 trillion, a price-to-earnings ratio of 16.93, a PEG ratio of 0.97 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's 50-day moving average price is $349.02 and its 200-day moving average price is $342.38.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.89 by $6.22. The company had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, equities analysts expect that Alphabet Inc. will post 20.5 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders 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 is Friday, September 4th. Alphabet's payout ratio is 4.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barclays reissued an "overweight" rating and set a $425.00 price objective (up from $405.00) on shares of Alphabet in a report on Thursday, July 23rd. Morgan Stanley set a $400.00 price target on Alphabet and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Jefferies Financial Group reiterated a "buy" rating on shares of Alphabet in a research note on Monday, June 22nd. Needham & Company LLC reissued a "buy" rating and issued a $450.00 price objective on shares of Alphabet in a report on Wednesday, June 3rd. Finally, HSBC restated a "buy" rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a research note on Tuesday, June 2nd. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $420.19.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: A federal judge rejected the U.S. government’s request to force Google to sell its AdX advertising exchange, removing the immediate risk of a disruptive breakup. The ruling still requires Google to change certain ad-tech practices, but the decision preserves the structure of a highly profitable business. Google defeats US bid to force ad-tech sale
• Positive Sentiment: Berkshire Hathaway increased its Alphabet position by roughly $10 billion, with CEO Greg Abel describing Google as a significant AI player. The investment provides a high-profile vote of confidence in Alphabet’s AI capabilities and long-term growth prospects. Berkshire CEO comments on Alphabet AI investment
• Positive Sentiment: Alphabet is securing additional power for its expanding AI infrastructure. Google agreed to purchase approximately 400 megawatts of geothermal electricity from Fervo Energy for a Utah data center, while Eos Energy announced a battery-storage partnership tied to a planned $350 million West Virginia project. These agreements support data-center capacity growth and energy reliability. Google buys geothermal power from Fervo
• Positive Sentiment: Waymo expanded paid robotaxi service to Denver, San Diego and Tampa, bringing its operations to 14 U.S. cities. The rollout offers Alphabet investors evidence of increasing commercialization outside the core advertising business. Waymo expands robotaxi service
• Neutral Sentiment: Reports indicate Google may release Gemini 3.8 Flash this week, with internal testing showing improved coding performance. A stronger model could support Cloud and Workspace monetization, although the financial impact remains unproven. New Google AI model report
• Negative Sentiment: The antitrust ruling was not a complete victory: Google must implement undisclosed operational changes intended to address illegal practices and pressure on publisher ad rates. Regulatory scrutiny therefore remains a continuing risk to ad-tech economics. Federal judge declines to break up Google ad technology business
• Negative Sentiment: Investors continue to weigh Alphabet’s heavy AI infrastructure spending against uncertain returns. Competition from OpenAI and other AI providers, along with reported talent losses, could pressure Google Search and increase the cost of defending its market position. OpenAI advertising competition report

Alphabet Profile

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.

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.

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