F&V Capital Management LLC Raises Holdings in Alphabet Inc. $GOOGL

Key Points

• F&V Capital Management increased its Alphabet stake by 60.7% in the second quarter, bringing its holdings to 62,966 shares worth approximately $22.5 million. Alphabet now represents about 4.2% of the firm’s portfolio.
• Alphabet reported strong quarterly results, with EPS of $9.11 versus a $2.89 consensus estimate and revenue of $119.8 billion versus $117.07 billion expected. Analysts maintain a consensus “Buy” rating with an average price target of $420.19.
• Alphabet’s AI expansion is supported by a major nuclear-power agreement and the acquisition of AI startup Mechanize, but the company faces scrutiny over infrastructure spending, energy demand, and a continuing securities-law investigation.

F&V Capital Management LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 60.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,966 shares of the information services provider's stock after acquiring an additional 23,786 shares during the quarter. Alphabet makes up approximately 4.2% of F&V Capital Management LLC's holdings, making the stock its 6th biggest holding. F&V Capital Management LLC's holdings in Alphabet were worth $22,502,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Lifetime Wealth Management P.C. purchased a new position in Alphabet during the 4th quarter worth $32,000. EMC Capital Management purchased a new stake in shares of Alphabet in the 4th quarter worth $33,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of Alphabet in the 4th quarter worth $38,000. Bard Associates Inc. bought a new position in shares of Alphabet during the 4th quarter worth $52,000. Finally, iSAM Funds UK Ltd bought a new position in shares of Alphabet during the 3rd quarter worth $53,000. Institutional investors own 40.03% of the company's stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google agreed to secure nuclear power for 22 years, reportedly locking in roughly half of a plant’s output through 2049. The deal could provide more predictable electricity costs and reliable power for energy-intensive AI data centers, strengthening Alphabet’s infrastructure position. Alphabet Jumps 2.5% After Locking In 22 Years of Nuclear Power
• Positive Sentiment: Google completed its acquisition of AI startup Mechanize in a deal reportedly valued at more than $1.5 billion. Mechanize’s former CEO and other employees are joining Google, potentially adding talent focused on AI agents and automation. Google just completed its $1.5 billion-plus deal for AI startup Mechanize
• Positive Sentiment: Investor commentary highlighted Alphabet’s strong AI and cloud outlook. Google Cloud is reportedly growing 82% year over year, while Alphabet’s Gemini technology is expanding into professional video-editing software, supporting the case that AI can broaden enterprise revenue beyond search advertising. Microsoft Vs. Alphabet: The Enterprise Fight No One Saw Coming
• Positive Sentiment: Recent coverage continues to present Alphabet as attractively valued relative to its growth prospects. The company’s latest reported quarter exceeded expectations, with earnings of $9.11 per share versus a $2.89 consensus estimate and revenue of $119.8 billion versus $117.07 billion expected.
• Neutral Sentiment: Alphabet’s inclusion among major AI and cloud beneficiaries, along with Berkshire Hathaway’s reported position in the company, may support investor interest but does not represent a new operating catalyst. Berkshire Hathaway Has a New Top Holding, and It Dominates Its Market
• Negative Sentiment: A law firm said it is continuing an investigation into possible federal securities-law violations involving Alphabet. The announcement does not establish wrongdoing, but it introduces a potential legal and reputational overhang. Securities Fraud Investigation Into Alphabet Continues
• Negative Sentiment: Alphabet faces scrutiny over the scale of AI infrastructure spending, potential financing pressure across the AI industry, and electricity-demand concerns related to new data centers. Finland opposition parties have warned that Google’s expansion could strain local power supplies and raise energy costs. Finland Risks Strained Power Supply After Google AI Deal

Insider Activity at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Walker sold 8,998 shares of the business's 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 sale, the insider directly owned 75,290 shares in the company, valued at $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 451,925 shares of company stock worth $12,371,544. 11.61% of the stock is owned by company insiders.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $338.50 on Friday. Alphabet Inc. has a fifty-two week low of $235.84 and a fifty-two week high of $408.61. The company has a market cap of $4.14 trillion, a PE ratio of 17.00, a P/E/G ratio of 0.98 and a beta of 1.22. 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 business has a 50-day simple moving average of $346.75 and a two-hundred day simple moving average of $343.66.

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, beating the consensus estimate of $2.89 by $6.22. The firm had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. As a group, equities analysts expect that Alphabet Inc. will post 20.52 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be given 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 payout ratio is currently 4.42%.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several research reports. Piper Sandler restated an "overweight" rating and set a $395.00 price target (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Zacks Research lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Pivotal Research reiterated a "buy" rating and set a $475.00 target price (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. UBS Group cut their target price on shares of Alphabet from $400.00 to $379.00 and set a "neutral" rating on the stock in a research report on Thursday, July 23rd. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $410.00 price target on shares of Alphabet in a research report on Thursday, September 3rd. Five analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $420.19.

Alphabet Profile

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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