Hillsdale Investment Management Inc. Boosts Stock Position in Alphabet Inc. $GOOGL

Key Points

• Hillsdale Investment Management raised its Alphabet stake by 10.7% in the first quarter, adding 12,680 shares and bringing its total holdings to 130,862 shares worth about $37.6 million.
• Alphabet reported a much stronger-than-expected quarter, with EPS of $9.11 and revenue of $119.8 billion, both beating estimates; Google Cloud revenue also jumped sharply and YouTube ad revenue grew solidly.
• Despite the strong results, investors are weighing higher AI-related capital spending and regulatory pressures, including Alphabet’s first-ever negative free cash flow and a new €890 million EU antitrust fine.

Hillsdale Investment Management Inc. increased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 10.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,862 shares of the information services provider's stock after acquiring an additional 12,680 shares during the quarter. Alphabet comprises approximately 1.0% of Hillsdale Investment Management Inc.'s holdings, making the stock its 24th biggest position. Hillsdale Investment Management Inc.'s holdings in Alphabet were worth $37,631,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. Lifetime Wealth Management P.C. purchased a new stake in shares of Alphabet in the fourth quarter worth $32,000. EMC Capital Management bought a new position in Alphabet in the 4th quarter worth $33,000. PMV Capital Advisers LLC bought a new position in Alphabet in the 4th quarter worth $38,000. IFC & Insurance Marketing Inc. purchased a new stake in Alphabet in the 4th quarter worth $38,000. Finally, Bard Associates Inc. purchased a new stake in Alphabet in the 4th quarter worth $52,000. Institutional investors own 40.03% of the company's stock.

Alphabet Price Performance

Alphabet stock opened at $317.69 on Friday. The stock has a market capitalization of $3.85 trillion, a P/E ratio of 15.96, a P/E/G ratio of 1.41 and a beta of 1.24. The company's fifty day moving average price is $364.48 and its 200 day moving average price is $338.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. Alphabet Inc. has a 1 year low of $187.82 and a 1 year high of $408.61.

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 for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 57.20%. As a group, equities research analysts anticipate that Alphabet Inc. will post 14.34 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be issued a $0.22 dividend. 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 is presently 6.71%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet delivered a strong quarter, with revenue of $119.8 billion and EPS of $9.11, both well above expectations, while Google Cloud revenue jumped 82% year over year and YouTube ad revenue also grew solidly. Reuters article
• Positive Sentiment: Management said AI demand is outpacing capacity, which helped justify higher investment plans, and Google Cloud CEO Thomas Kurian said existing customers are spending about 50% more than they initially committed. CNBC article
• Positive Sentiment: Google’s Gemini AI assistant now has more than 950 million monthly users, showing continued traction in its AI products and ecosystem. TechCrunch article
• Neutral Sentiment: Alphabet declared a quarterly dividend of $0.22 per share, a small but shareholder-friendly capital return move. MarketBeat reference
• Neutral Sentiment: Alphabet disclosed a large equity stake in SpaceX, highlighting the value of its investment portfolio, though this is not a direct operating catalyst for the core business. WSJ article
• Negative Sentiment: Shares are falling as investors react to a much higher 2026 capital spending outlook and Alphabet’s first-ever negative free cash flow, raising concerns that AI infrastructure spending could pressure returns. Barron’s article
• Negative Sentiment: Alphabet also faces a new €890 million ($1 billion) EU antitrust fine over Search and Play Store practices, adding regulatory pressure. Reuters article
• Negative Sentiment: Several law firms announced securities-fraud investigations tied to Alphabet’s disclosures, which can add overhang and keep sentiment fragile. Business Wire article

Analyst Ratings Changes

A number of research firms recently commented on GOOGL. CICC Research lifted their price target on shares of Alphabet from $388.00 to $407.91 and gave the stock an "outperform" rating in a research note on Friday, May 1st. BNP Paribas Exane upped their target price on Alphabet from $390.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. BMO Capital Markets set a $465.00 price target on Alphabet and gave the stock an "outperform" rating in a research note on Thursday. Citizens Jmp reaffirmed a "market outperform" rating and issued a $515.00 price objective on shares of Alphabet in a research report on Wednesday. Finally, UBS Group cut their price target on shares of Alphabet from $400.00 to $379.00 and set a "neutral" rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $419.86.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 8,998 shares of the business's 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 completion of the sale, the insider owned 75,290 shares in the company, valued at $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company's stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 159,415 shares of company stock worth $7,672,279. 11.61% of the stock is currently owned by corporate insiders.

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.

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