Fulton Bank N.A. Has $38.52 Million Stock Holdings in Alphabet Inc. $GOOGL

Key Points

• Fulton Bank increased its Alphabet stake by 4.2% in the second quarter, bringing its holdings to 107,787 shares worth approximately $38.52 million. Alphabet represents about 1.2% of the bank’s portfolio.
• Alphabet reported quarterly revenue of $119.8 billion and earnings of $9.11 per share, exceeding analyst expectations. Analysts maintain a consensus “Buy” rating with an average price target of $419.86, compared with a recent share price of $344.
• Alphabet declared a quarterly dividend of $0.22 per share, equal to an annualized $0.88 dividend and a 0.3% yield. Institutional investors own approximately 40% of the company, while insiders have sold shares in recent months.

Fulton Bank N.A. boosted its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,787 shares of the information services provider's stock after purchasing an additional 4,357 shares during the period. Alphabet comprises about 1.2% of Fulton Bank N.A.'s holdings, making the stock its 20th largest holding. Fulton Bank N.A.'s holdings in Alphabet were worth $38,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in GOOGL. Norges Bank acquired a new stake in shares of Alphabet during the 4th quarter valued at $30,534,239,000. Cardano Risk Management B.V. increased its holdings 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 worth $4,546,413,000 after purchasing an additional 13,004,828 shares in the last quarter. Vanguard Group Inc. increased its holdings 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 worth $165,567,398,000 after purchasing an additional 12,531,695 shares in the last quarter. Capital World Investors raised its position in Alphabet by 28.0% in the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after purchasing an additional 11,605,785 shares during the last quarter. Finally, Diamant Asset Management Inc. raised its position in Alphabet by 28,950.0% in the first 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 purchasing an additional 9,259,940 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Price Performance

GOOGL stock opened at $344.00 on Tuesday. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.21 trillion, a price-to-earnings ratio of 17.28, a PEG ratio of 0.97 and a beta of 1.24. The company's fifty day simple moving average is $353.27 and its 200 day simple moving average is $341.22. 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 issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. On average, analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently announced 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. 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 (DPR) is currently 4.42%.

Wall Street Analyst Weigh In

GOOGL has been the topic of several research reports. Freedom Capital upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Zacks Research downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Dbs Bank boosted their target price on shares of Alphabet from $400.00 to $460.00 in a report on Thursday, May 7th. Wells Fargo & Company set a $411.00 price target on shares of Alphabet and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Finally, The Goldman Sachs Group raised their price target on shares of Alphabet from $400.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Five analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $419.86.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Several prominent investors increased their Alphabet positions in the second quarter. Berkshire Hathaway raised its stake substantially, while Stanley Druckenmiller, Seth Klarman, David Tepper, Dan Loeb, and others also bought shares—potentially reinforcing confidence in Alphabet’s valuation and long-term outlook. Berkshire Hathaway Alphabet stake article
• Positive Sentiment: Google’s Gemini reportedly reached 1 billion active users, supporting the case that Alphabet can build a large consumer AI business alongside its core search franchise. Alphabet’s valuation—about 17 times trailing earnings in the cited analysis—may also appear reasonable relative to its growth prospects. Gemini active users article
• Positive Sentiment: Alphabet is buying anonymized Spirit Airlines business data for $10 million to support product development and AI-model training. The relatively small deal highlights efforts to obtain proprietary data without acquiring customer records. Google Spirit Airlines data acquisition article
• Positive Sentiment: Google Cloud’s accelerating growth and reported $514 billion backlog remain major bullish arguments, indicating sustained enterprise demand for Alphabet’s AI infrastructure and cloud services. Alphabet Google Cloud growth article
• Neutral Sentiment: Alphabet reportedly hired banks for a debut Australian-dollar bond offering. The financing could diversify its funding base, although investors may focus on whether additional borrowing is needed to fund AI investment. Alphabet Australian dollar bond article
• Neutral Sentiment: AI automation startup Relay is shutting down, with some employees joining Google’s Chrome team. The talent acquisition could strengthen Chrome’s AI capabilities, but it is not expected to materially affect near-term earnings. Relay shutdown and Google hiring article
• Negative Sentiment: Alphabet’s planned 2026 capital spending of more than $200 billion is pressuring free cash flow. Commentary about an AI “debt ledger” and potential bond issuance adds to concerns that the AI buildout could require heavier financing before returns are proven. Alphabet AI capital spending article
• Negative Sentiment: Some investors said they are less bullish on Alphabet than two years ago, citing the company’s transformation and increased execution risks. Viking Global also reduced or exited its Alphabet position, offsetting the more widely reported institutional buying. Investor concerns about Alphabet article

Insiders Place Their Bets

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $3,142,911.42. Following the completion of the sale, the insider owned 75,290 shares of the company's stock, valued at $26,298,044.10. This represents a 10.68% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 451,945 shares of company stock valued at $12,382,714. Company insiders own 11.61% of the company's stock.

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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