Dala Group LLC Acquires New Shares in Alphabet Inc. $GOOGL

Key Points

• Dala Group LLC acquired 40,744 Alphabet shares worth approximately $11.7 million, making GOOGL its fourth-largest portfolio holding at 9.8% of assets.
• Institutional ownership remains significant at 40.03%, with major investors including Norges Bank, Vanguard and Capital World Investors increasing or initiating positions.
• Alphabet reported quarterly revenue of $119.8 billion and EPS of $9.11, exceeding estimates, while analysts maintain a consensus “Buy” rating with an average price target of $419.86.

Dala Group LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 40,744 shares of the information services provider's stock, valued at approximately $11,717,000. Alphabet comprises about 9.8% of Dala Group LLC's investment portfolio, making the stock its 4th biggest position.

A number of other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Alphabet during the 4th quarter worth $30,534,239,000. Cardano Risk Management B.V. grew its stake in Alphabet by 855.3% in the 4th quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider's stock valued at $4,546,413,000 after acquiring an additional 13,004,828 shares during the last quarter. Vanguard Group Inc. grew its stake in Alphabet by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock valued at $165,567,398,000 after acquiring an additional 12,531,695 shares during the last quarter. Capital World Investors increased its holdings in Alphabet by 28.0% during the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after acquiring an additional 11,605,785 shares in the last quarter. Finally, Diamant Asset Management Inc. increased its holdings in Alphabet by 28,950.0% during the 1st quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider's stock valued at $2,671,986,000 after acquiring an additional 9,259,940 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue reportedly increased 82% in the second quarter, with backlog reaching $514 billion, while the Gemini app reached approximately 950 million monthly active users. The results reinforce the commercial demand supporting Alphabet’s AI and cloud investments. Google's AI business is booming, so why are DeepMind's biggest names quitting?
• Positive Sentiment: Analysts and investors continue to highlight Alphabet’s strong cash generation, balance sheet and valuation relative to its growth prospects. Some market models see the shares reaching $400 as Cloud momentum and AI monetization continue. Price Prediction: Google Will Hit $400 on This Date
• Positive Sentiment: Alphabet’s expanded Google Cloud partnership with AI lab Mirendil, reportedly worth more than $100 million over multiple years, provides another example of demand for its computing infrastructure. Mirendil Google Cloud deal

Insider Buying and Selling

In other Alphabet news, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction on 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 transaction, the insider owned 75,290 shares in the company, valued at $26,298,044.10. This trade represents a 10.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business's stock in a transaction 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 SEC filing for this sale provides additional information. Over the last quarter, insiders sold 600,547 shares of company stock valued at $16,255,540. Insiders own 11.61% of the company's stock.

Alphabet Trading Down 1.0%

Shares of GOOGL opened at $354.30 on Friday. The stock has a fifty day moving average of $355.68 and a two-hundred day moving average of $340.41. 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 company has a market capitalization of $4.33 trillion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 0.99 and a beta of 1.24. Alphabet Inc. has a fifty-two week low of $196.60 and a fifty-two week high of $408.61.

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 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 business had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. As a group, analysts forecast that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet's dividend payout ratio is 4.42%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GOOGL shares. Rothschild & Co Redburn upped their price target on shares of Alphabet from $390.00 to $430.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Evercore lifted their price objective on Alphabet from $400.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, April 30th. Morgan Stanley set a $400.00 target price on Alphabet and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Cantor Fitzgerald reiterated an "overweight" rating and set a $420.00 target price (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Finally, China Renaissance raised their price target on Alphabet from $400.00 to $485.00 and gave the stock a "buy" rating in a research report on Monday, May 4th. Six research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of "Buy" and an average price target of $419.86.

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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