Eldred Rock Partners LLC Purchases 4,597 Shares of Alphabet Inc. $GOOGL

Key Points

• Eldred Rock Partners increased its Alphabet stake by 6.6% in the second quarter, purchasing 4,597 shares to hold 74,290 shares valued at approximately $26.5 million. Alphabet is the fund’s third-largest holding and represents 5.7% of its portfolio.
• Alphabet reported quarterly EPS of $9.11, exceeding the $2.89 consensus estimate, while revenue reached $119.8 billion versus expectations of $117.07 billion. The company also announced a quarterly dividend of $0.22 per share, yielding about 0.3% annually.
• Institutional sentiment remains broadly positive, with major investors including Berkshire Hathaway, Vanguard and State Street adding to their positions; analysts maintain an overall “Buy” rating with an average price target of $419.86. However, rising AI spending, competitive threats and recent insider selling remain potential risks.

Eldred Rock Partners LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,290 shares of the information services provider's stock after acquiring an additional 4,597 shares during the period. Alphabet accounts for 5.7% of Eldred Rock Partners LLC's portfolio, making the stock its 3rd largest holding. Eldred Rock Partners LLC's holdings in Alphabet were worth $26,549,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GOOGL. Vanguard Group Inc. grew its stake in shares of Alphabet by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock valued at $165,567,398,000 after purchasing an additional 12,531,695 shares during the last quarter. State Street Corp boosted its position in Alphabet by 1.8% in the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock valued at $40,524,841,000 after buying an additional 4,008,374 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Alphabet by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider's stock valued at $45,625,595,000 after buying an additional 2,666,676 shares during the period. Norges Bank bought a new stake in shares of Alphabet during the fourth quarter worth $30,534,239,000. Finally, Bank of America Corp DE raised its position in shares of Alphabet by 4.9% during the fourth quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider's stock worth $21,630,861,000 after acquiring an additional 3,218,852 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Trading Down 0.1%

NASDAQ:GOOGL opened at $345.90 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 1-year low of $196.60 and a 1-year high of $408.61. The firm has a market capitalization of $4.23 trillion, a price-to-earnings ratio of 17.37, a PEG ratio of 0.97 and a beta of 1.24. The business's 50-day moving average price is $353.66 and its two-hundred day moving average price is $341.10.

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, topping the consensus estimate of $2.89 by $6.22. The company 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%. On average, equities analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Dividend Announcement

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

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway sharply increased its Alphabet position. Berkshire owned approximately 106 million shares worth $37.9 billion at the end of June after raising its stake by 83% in the second quarter. Alphabet is now Berkshire’s third-largest U.S.-listed equity holding, a high-profile vote of confidence under CEO Greg Abel. Berkshire Hathaway boosts Alphabet to a top three holding
• Positive Sentiment: Alphabet’s SpaceX investment has become exceptionally valuable. The company disclosed that its roughly $900 million investment in SpaceX in 2015 was worth about $94 billion at the end of June. The gain highlights Alphabet’s ability to generate returns from strategic investments, although it is not recurring operating revenue. Alphabet's SpaceX bet grows 100-fold over a decade
• Positive Sentiment: Google launched Gemini 3.7 Flash for coding and automated business workflows. The new model could strengthen Alphabet’s position in enterprise AI and agent-based software, although investors are still awaiting details on the flagship Gemini Pro release. Google unveils Gemini 3.7 Flash AI model
• Neutral Sentiment: Google will let users remove visible watermarks from AI-generated images, videos and songs while retaining invisible SynthID and C2PA metadata. The policy may improve user flexibility but could raise questions about content provenance and misuse. Google will now allow users to remove visible watermark from its AI generations
• Negative Sentiment: AI investment and competitive pressures remain overhangs. Reports cite rising AI capital expenditures and cash-flow pressure, while Nvidia’s large financing arrangement could challenge Alphabet’s custom-chip strategy. Traders also reduced expectations for an imminent Gemini Pro launch. Alphabet's stock slips as Nvidia financing deal threatens custom chips
• Negative Sentiment: Zacks Research downgraded Alphabet from “strong buy” to “hold,” reflecting valuation and spending concerns. In addition, Pomerantz announced an investigation into potential investor claims, creating a modest legal-risk overhang. GOOGL Down 19% From 52-Week High

Insiders Place Their Bets

In related news, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the sale, the insider owned 75,290 shares of the company's stock, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $3,832,277.26. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 451,945 shares of company stock worth $12,382,714. Company insiders own 11.61% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. New Street Research raised their price target on Alphabet from $450.00 to $455.00 and gave the company a "buy" rating in a report on Friday, June 5th. Rosenblatt Securities restated a "neutral" rating and set a $393.00 target price on shares of Alphabet in a research report on Thursday, July 23rd. Robert W. Baird raised their target price on shares of Alphabet from $380.00 to $400.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. President Capital raised their target price on shares of Alphabet from $375.00 to $465.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Finally, Rothschild & Co Redburn lifted their price target on shares of Alphabet from $390.00 to $430.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Five equities research 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 company's stock. According to data from MarketBeat, the stock has an average 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.

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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