Evanson Financial LLC Takes $60.23 Million Position in Alphabet Inc. $GOOGL

Key Points

• Evanson Financial LLC acquired 168,544 Alphabet shares worth approximately $60.23 million, making GOOGL its 12th-largest holding and about 3% of its portfolio. Institutional investors and hedge funds collectively own 40.03% of the stock.
• Alphabet reported quarterly earnings of $9.11 per share, well above the $2.89 consensus estimate, while revenue reached $119.80 billion versus expectations of $117.07 billion.
• Analysts maintain a broadly positive outlook, with an average “Buy” rating and a $419.86 price target, although insiders sold 451,945 shares worth $12.38 million over the past three months. Alphabet also declared a quarterly dividend of $0.22 per share.

Evanson Financial LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 168,544 shares of the information services provider's stock, valued at approximately $60,233,000. Alphabet makes up approximately 3.0% of Evanson Financial LLC's investment portfolio, making the stock its 12th largest position.

Several other institutional investors have also recently modified their holdings of the stock. EMC Capital Management purchased a new stake in shares of Alphabet in the fourth quarter valued at $33,000. Lifetime Wealth Management P.C. purchased a new stake in Alphabet during the 4th quarter worth about $32,000. IFC & Insurance Marketing Inc. purchased a new stake in Alphabet during the 4th quarter worth about $38,000. Bard Associates Inc. acquired a new position in Alphabet in the 4th quarter valued at about $52,000. Finally, Kentucky Trust Co raised its stake in Alphabet by 142.9% in the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after purchasing an additional 100 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider John Kent Walker sold 8,998 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 451,945 shares of company stock worth $12,382,714. 11.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GOOGL. Stifel Nicolaus set a $420.00 target price on shares of Alphabet and gave the company a "buy" rating in a report on Thursday, April 30th. Oppenheimer lifted their price target on shares of Alphabet from $425.00 to $445.00 and gave the stock an "outperform" rating in a report on Friday, May 15th. Wall Street Zen lowered shares of Alphabet from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Rothschild & Co Redburn upped their price objective on shares of Alphabet from $390.00 to $430.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Finally, Citigroup restated an "outperform" rating on shares of Alphabet in a research report on Monday, May 4th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of "Buy" and an average price target of $419.86.

Alphabet Stock Up 0.8%

GOOGL opened at $346.36 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The stock has a market capitalization of $4.24 trillion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 0.96 and a beta of 1.24. The business has a 50-day moving average of $354.11 and a two-hundred day moving average of $341.06. Alphabet Inc. has a 12 month low of $196.60 and a 12 month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.89 by $6.22. The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, research analysts expect that Alphabet Inc. will post 20.51 earnings per share 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 0.3%. Alphabet's dividend payout ratio is 4.42%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet disclosed that it still owns a substantial stake in SpaceX, an investment that has reportedly generated an exceptional return since 2015. The holding could provide significant balance-sheet value, although it does not directly improve Alphabet’s operating earnings. Google Parent Alphabet Just Revealed How Many SpaceX Shares It Owns
• Positive Sentiment: Google launched Gemini 3.7 Flash, targeting software coding and automated business workflows. The release supports Alphabet’s effort to monetize Gemini through enterprise and developer use, though investors noted that Google provided no timing for its flagship Pro model. Google unveils Gemini 3.7 Flash AI model
• Positive Sentiment: A new partnership with Zocdoc will allow users to book healthcare appointments directly through the Gemini app. The initiative adds a practical, potentially commercial use case for Gemini while emphasizing data privacy. Gemini and Zocdoc launch AI doctor booking
• Positive Sentiment: Ryanair signed a five-year Google Cloud agreement covering Gemini, DeepMind and Workspace across approximately 35,000 employees. The contract adds evidence of enterprise demand for Google’s cloud and AI offerings. Ryanair signs five-year Google Cloud deal
• Neutral Sentiment: Google unveiled Pixel 11 devices, Pixel Watch 5 and a $29 Pixel Tag, with Gemini integration as the main product theme. The launches strengthen Alphabet’s consumer ecosystem, but limited hardware changes make their sales impact uncertain. Google unveils Pixel 11 lineup
• Negative Sentiment: Zacks Research downgraded Alphabet from “strong buy” to “hold,” citing the stock’s pullback, heavy AI spending and pressure on cash flow despite strong Cloud growth and a reported $514 billion backlog. GOOGL down from 52-week high
• Negative Sentiment: Prediction-market odds for an imminent Gemini Pro launch collapsed, raising concerns that Google may be moving slower than expected in the frontier-AI race. Separately, Nvidia’s major financing and chip initiative could intensify competition with Alphabet’s custom AI hardware. Traders slash odds on imminent Gemini Pro launch
• Negative Sentiment: Pomerantz LLP said it is investigating potential claims on behalf of Alphabet investors. The announcement does not establish wrongdoing, but adds legal and headline risk. Pomerantz investor alert

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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