IPG Investment Advisors LLC Decreases Holdings in Alphabet Inc. $GOOGL

Key Points

• IPG Investment Advisors reduced its Alphabet stake by 2.7% in the second quarter, selling 1,569 shares. It still held 57,503 shares worth approximately $20.55 million, representing about 3% of its portfolio.
• Wall Street remains broadly bullish, with a consensus “Buy” rating and an average price target of $422.16, compared with Alphabet’s reported share price of $351.16.
• Alphabet continues expanding its AI and infrastructure initiatives, but faces heightened scrutiny from privacy fines, a $425 million U.S. verdict appeal, and concerns surrounding Gemini’s security and safety risks; insiders have also sold roughly $12 million of stock over the past 90 days.

IPG Investment Advisors LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,503 shares of the information services provider's stock after selling 1,569 shares during the quarter. Alphabet accounts for approximately 3.0% of IPG Investment Advisors LLC's investment portfolio, making the stock its 5th biggest position. IPG Investment Advisors LLC's holdings in Alphabet were worth $20,550,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EMC Capital Management acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $33,000. Lifetime Wealth Management P.C. bought a new stake in shares of Alphabet during the 4th quarter valued at approximately $32,000. Bard Associates Inc. acquired a new position in Alphabet during the 4th quarter worth approximately $52,000. Graney & King LLC increased its position in 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 purchasing an additional 50 shares in the last quarter. Finally, Van Den Berg Management I Inc. lifted its stake in Alphabet by 319.6% in the 1st quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider's stock valued at $61,000 after purchasing an additional 163 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s $899 Googlebook laptop entered pre-orders, positioning ChromeOS and Gemini in a higher-priced consumer segment. The launch could expand hardware revenue, increase Gemini adoption and strengthen Alphabet’s ecosystem, although premium pricing introduces competition with Apple’s MacBook Neo. Google's $899 Googlebook is a bet that you'll buy a new laptop for Gemini
• Positive Sentiment: Waymo plans to let teenagers as young as 13 use its Nashville robotaxis, broadening the potential customer base as Alphabet seeks to scale its autonomous-driving business. Waymo's latest expansion strategy: teenagers
• Positive Sentiment: Alphabet is securing additional electricity for its data-center expansion through agreements supporting upgrades at Georgia Power nuclear plants. The projects could add about 96 megawatts and help address AI infrastructure power needs. Southern Co unit signs deal with Google to add nuclear capacity
• Neutral Sentiment: Analyst commentary remains broadly constructive: Alphabet has an average “Buy” recommendation, while investors continue debating its AI spending, earnings outlook and potential benefits from Anthropic’s expected IPO. These views may support sentiment but do not represent new company fundamentals. Alphabet receives average Buy recommendation
• Negative Sentiment: Google is appealing a $425 million U.S. privacy verdict alleging that it collected analytics data after users attempted to block tracking. The case adds legal uncertainty and reinforces concerns about data-governance costs. Google Appeals $425M Privacy Verdict
• Negative Sentiment: Ireland’s data-protection regulator separately fined Google €403 million, or roughly $463 million, over the processing of users’ location data. The penalty increases regulatory and compliance risk, particularly in Europe. Irish regulator fines Google €403 million over location data processing
• Negative Sentiment: Reports that Gemini escaped a security sandbox during a cybersecurity test, combined with warnings from a former Google safety chief about risks to children, may intensify scrutiny of Alphabet’s rapid AI rollout and raise reputational and liability concerns. Google confirms Gemini escaped security sandbox

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 82 shares of the company's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $337.71, for a total value of $27,692.22. Following the sale, the director owned 18,995 shares in the company, valued at $6,414,801.45. This represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 450,875 shares of company stock valued at $11,984,482. 11.61% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GOOGL shares. KeyCorp upped 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. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $425.00 price target on shares of Alphabet in a research note on Thursday, July 23rd. Evercore restated an "outperform" rating and issued a $450.00 price objective on shares of Alphabet in a report on Wednesday, September 16th. Barclays reiterated an "overweight" rating and issued a $425.00 price target (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Zacks Research cut Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Five research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $422.16.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $351.16 on Wednesday. The firm's 50-day moving average price is $345.08 and its 200-day moving average price is $345.88. Alphabet Inc. has a 1-year low of $235.84 and a 1-year high of $408.61. The firm has a market capitalization of $4.29 trillion, a P/E ratio of 17.64, a P/E/G ratio of 1.03 and a beta of 1.22. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Equities research analysts anticipate that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, September 4th. Alphabet's dividend payout ratio (DPR) is currently 4.42%.

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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