Daniel Investment Group Inc. Takes Position in Alphabet Inc. $GOOGL

Key Points

• Daniel Investment Group purchased 2,771 Alphabet shares worth approximately $990,000 in the second quarter, making GOOGL its 14th-largest holding and about 0.6% of its portfolio.
• Institutional ownership remains significant at 40.03%, with several funds increasing their positions. However, insiders sold 451,945 shares worth $12.4 million over the past three months.
• Alphabet reported quarterly EPS of $9.11 and revenue of $119.8 billion, beating estimates, while analysts maintain a consensus “Buy” rating and an average price target of $420.19.

Daniel Investment Group Inc. purchased a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,771 shares of the information services provider's stock, valued at approximately $990,000. Alphabet accounts for about 0.6% of Daniel Investment Group Inc.'s portfolio, making the stock its 14th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOGL. NewEdge Wealth LLC boosted its position in Alphabet by 11.8% during 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 during the last quarter. PFG Investments LLC increased its stake in Alphabet by 2.6% in the first quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock valued at $25,679,000 after purchasing an additional 2,269 shares during the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust purchased a new position in Alphabet during the fourth quarter worth about $28,902,000. W.G. Shaheen & Associates DBA Whitney & Co lifted its position in Alphabet by 17.1% during the fourth 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 buying an additional 17,415 shares during the period. Finally, KLCM Advisors Inc. boosted its stake in Alphabet by 66.1% in the 4th quarter. KLCM Advisors Inc. now owns 22,877 shares of the information services provider's stock worth $7,161,000 after buying an additional 9,105 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Rosenblatt upgraded Alphabet to “strong buy” and reiterated a $410 price target, implying substantial upside and reinforcing the bullish view following Alphabet’s strong earnings report. Alphabet upgraded by Rosenblatt Securities
• Positive Sentiment: Alphabet’s AI spending continues to attract major customers and suppliers. Marvell’s custom-chip agreement includes a warrant structure that would require up to $120 billion of cumulative purchases from Google for full vesting, signaling the potentially enormous scale of Alphabet’s TPU and AI infrastructure buildout. Google’s Marvell warrant
• Positive Sentiment: Waymo received approval to operate up to thousands of commercial robotaxis in Nevada and opened its lower-cost next-generation vehicle to riders in Los Angeles, Phoenix, and San Francisco. Lower production and operating costs could improve the long-term economics of Alphabet’s autonomous-driving unit. Waymo Nevada robotaxi approval
• Positive Sentiment: Alphabet’s earnings momentum remains a support for the stock. The company recently exceeded consensus estimates for both adjusted earnings and revenue, while analysts and prominent investors—including Berkshire Hathaway—continue to highlight Alphabet’s AI positioning and valuation.

Insider Activity

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the sale, the director directly owned 1,481 shares in the company, valued at approximately $545,941.03. The trade was a 41.49% 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. 11.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GOOGL. UBS Group cut their price objective on shares of Alphabet from $400.00 to $379.00 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. President Capital boosted their target price on shares of Alphabet from $375.00 to $465.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $425.00 price target on shares of Alphabet in a research report on Thursday, July 23rd. Canaccord Genuity Group increased their price target on shares of Alphabet from $415.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Finally, Roth Capital reiterated a "buy" rating and issued a $440.00 price target (up from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Alphabet currently has an average rating of "Buy" and an average price target of $420.19.

Alphabet Trading Up 1.2%

Shares of GOOGL opened at $344.82 on Friday. The stock's 50-day moving average is $352.00 and its two-hundred day moving average is $341.37. The stock has a market cap of $4.22 trillion, a PE ratio of 17.32, a P/E/G ratio of 0.96 and a beta of 1.24. Alphabet Inc. has a 12 month low of $201.30 and a 12 month high of $408.61. 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 posted its 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 analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Equities analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Alphabet Company 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.

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