Integrated Wealth Concepts LLC Acquires 17,320 Shares of Alphabet Inc. $GOOGL

Integrated Wealth Concepts LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 244,585 shares of the information services provider's stock after buying an additional 17,320 shares during the period. Integrated Wealth Concepts LLC's holdings in Alphabet were worth $87,407,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. EMC Capital Management acquired a new position in shares of Alphabet in the fourth quarter valued at $33,000. Lifetime Wealth Management P.C. acquired a new stake in Alphabet during the fourth quarter worth $32,000. Bard Associates Inc. bought a new stake in Alphabet in the 4th quarter valued at $52,000. Graney & King LLC lifted its holdings in shares of Alphabet by 38.5% during the 2nd quarter. Graney & King LLC now owns 180 shares of the information services provider's stock worth $64,000 after acquiring an additional 50 shares during the period. Finally, Van Den Berg Management I Inc. lifted its holdings in shares of Alphabet by 319.6% during the 1st quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider's stock worth $61,000 after acquiring an additional 163 shares during the period. Institutional investors own 40.03% of the company's stock.

Alphabet Trading Up 1.6%

Shares of GOOGL opened at $354.97 on Tuesday. The stock's fifty day simple moving average is $345.25 and its 200-day simple moving average is $345.54. 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 capitalization of $4.34 trillion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 1.01 and a beta of 1.22. Alphabet Inc. has a 12-month low of $235.84 and a 12-month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted 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 net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. As a group, research analysts predict that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, September 4th. Alphabet's dividend payout ratio (DPR) is currently 4.42%.

Analysts Set New Price Targets

A number of research firms recently weighed in on GOOGL. Barclays reissued an "overweight" rating and issued a $425.00 target price (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Needham & Company LLC restated a "buy" rating and set a $450.00 price target on shares of Alphabet in a research note on Wednesday, June 3rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a report on Friday, July 17th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, KeyCorp increased their target price on Alphabet from $425.00 to $445.00 and gave the stock an "overweight" rating in a report on Friday, July 10th. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Alphabet has a consensus rating of "Buy" and an average price target of $422.16.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet introduced new Gemini voice-AI models, strengthening its push into conversational assistants and potentially expanding Gemini’s consumer and commercial use cases. Alphabet pushes deeper into voice AI with new Gemini models
• Positive Sentiment: Google opened pre-orders for its $899 Googlebook AI laptop, giving Alphabet a potential new hardware channel for Gemini adoption and AI-related revenue growth. Google's $899 Googlebook is a bet that you'll buy a new laptop for Gemini
• Positive Sentiment: Google is lining up additional nuclear power for its AI infrastructure. Georgia Power agreed to upgrades at two nuclear plants that could add about 96 megawatts, while Kairos Power selected Samsung C&T to help build a 50-megawatt demonstration reactor targeted for completion by 2030. These arrangements could improve long-term access to reliable electricity, although the benefits are several years away. Southern Co unit signs deal with Google to add nuclear capacity
• Positive Sentiment: Analyst-related coverage remained supportive, including a higher fiscal-2026 EPS forecast from Erste Group Bank and continued investor interest in Alphabet’s multiple ways to monetize AI across Search, Cloud, and consumer products. Alphabet FY2026 EPS Forecast Increased by Erste Group Bank
• Neutral Sentiment: Alphabet, NVIDIA, and Emerald AI formed an alliance to develop power-flexible AI data centers. The initiative may help address grid constraints, but also highlights the substantial electricity and infrastructure requirements of Alphabet’s AI expansion.
• Neutral Sentiment: Google agreed to report child sexual-abuse material directly to Indian authorities, a compliance change that may improve regulatory relationships but adds to scrutiny of the company’s content-moderation practices. Google to report child abuse content directly to Indian authorities
• Negative Sentiment: Ireland’s Data Protection Commission fined Google €403 million, or approximately $463 million, over the processing of users’ location data. The penalty is manageable relative to Alphabet’s scale but raises ongoing regulatory, privacy, and potential compliance-cost concerns. Irish regulator fines Google €403 million over location data processing

Insider Buying and Selling

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Walker sold 8,998 shares of the company's stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $349.29, for a total value 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. Insiders have sold 450,875 shares of company stock valued at $11,984,482 over the last 90 days. Company insiders own 11.61% of the company's stock.

Alphabet Company 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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