Lexington Hill Partners LLC Purchases 1,755 Shares of Alphabet Inc. $GOOGL

Key Points

• Lexington Hill Partners increased its Alphabet stake by 172.6% in the second quarter, purchasing 1,755 additional shares and ending with 2,772 shares valued at approximately $991,000. Institutional investors collectively own about 40% of Alphabet.
• Alphabet reported quarterly earnings of $9.11 per share, substantially above the $2.89 consensus estimate, while revenue reached $119.8 billion versus expectations of $117.07 billion. The company also announced a quarterly dividend of $0.22 per share.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and an average price target of $419.86 versus the reported share price of $345.90. However, insiders sold more than 451,000 shares over the past 90 days, and rising AI spending and competitive pressures remain potential risks.

Lexington Hill Partners LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 172.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,772 shares of the information services provider's stock after purchasing an additional 1,755 shares during the quarter. Lexington Hill Partners LLC's holdings in Alphabet were worth $991,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet in the fourth quarter worth approximately $32,000. EMC Capital Management bought a new stake in Alphabet during the fourth quarter valued at approximately $33,000. IFC & Insurance Marketing Inc. bought a new stake in Alphabet during the fourth quarter valued at approximately $38,000. Bard Associates Inc. bought a new stake in Alphabet during the fourth quarter valued at approximately $52,000. Finally, iSAM Funds UK Ltd purchased a new position in Alphabet in the 3rd quarter worth approximately $53,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Trading Down 0.1%

NASDAQ:GOOGL opened at $345.90 on Friday. The company has a fifty day moving average of $353.66 and a 200 day moving average of $341.10. Alphabet Inc. has a 52 week low of $196.60 and a 52 week high of $408.61. 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 $4.23 trillion, a P/E ratio of 17.37, a P/E/G ratio of 0.97 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating the consensus estimate of $2.89 by $6.22. The business 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 51.32%. On average, research analysts predict that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

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

Insider Activity

In related news, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 451,945 shares of company stock valued at $12,382,714. Company insiders own 11.61% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on GOOGL shares. Robert W. Baird increased their price target on shares of Alphabet from $380.00 to $400.00 and gave the stock an "outperform" rating in a report on Thursday, April 30th. Wedbush reaffirmed an "outperform" rating and set a $445.00 price objective on shares of Alphabet in a report on Thursday, July 23rd. Morgan Stanley set a $400.00 target price on shares of Alphabet and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. KeyCorp increased their target price on Alphabet from $425.00 to $445.00 and gave the company an "overweight" rating in a research note on Friday, July 10th. Finally, Dbs Bank raised their price target on Alphabet from $400.00 to $460.00 in a research report on Thursday, May 7th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average 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: Berkshire Hathaway sharply increased its Alphabet position. Berkshire owned approximately 106 million shares worth $37.9 billion at the end of June after raising its stake by 83% in the second quarter. Alphabet is now Berkshire’s third-largest U.S.-listed equity holding, a high-profile vote of confidence under CEO Greg Abel. Berkshire Hathaway boosts Alphabet to a top three holding
• Positive Sentiment: Alphabet’s SpaceX investment has become exceptionally valuable. The company disclosed that its roughly $900 million investment in SpaceX in 2015 was worth about $94 billion at the end of June. The gain highlights Alphabet’s ability to generate returns from strategic investments, although it is not recurring operating revenue. Alphabet's SpaceX bet grows 100-fold over a decade
• Positive Sentiment: Google launched Gemini 3.7 Flash for coding and automated business workflows. The new model could strengthen Alphabet’s position in enterprise AI and agent-based software, although investors are still awaiting details on the flagship Gemini Pro release. Google unveils Gemini 3.7 Flash AI model
• Neutral Sentiment: Google will let users remove visible watermarks from AI-generated images, videos and songs while retaining invisible SynthID and C2PA metadata. The policy may improve user flexibility but could raise questions about content provenance and misuse. Google will now allow users to remove visible watermark from its AI generations
• Negative Sentiment: AI investment and competitive pressures remain overhangs. Reports cite rising AI capital expenditures and cash-flow pressure, while Nvidia’s large financing arrangement could challenge Alphabet’s custom-chip strategy. Traders also reduced expectations for an imminent Gemini Pro launch. Alphabet's stock slips as Nvidia financing deal threatens custom chips
• Negative Sentiment: Zacks Research downgraded Alphabet from “strong buy” to “hold,” reflecting valuation and spending concerns. In addition, Pomerantz announced an investigation into potential investor claims, creating a modest legal-risk overhang. GOOGL Down 19% From 52-Week High

About Alphabet

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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