LM Advisors LLC Increases Holdings in Alphabet Inc. $GOOGL

Key Points

• LM Advisors LLC increased its Alphabet stake by 235.6% in the second quarter, holding 46,830 shares valued at $16.7 million. Institutional investors collectively own approximately 40.03% of GOOGL.
• Alphabet reported quarterly earnings of $9.11 per share, well above the $2.89 analyst consensus, while revenue reached $119.8 billion versus expectations of $117.07 billion.
• Analysts maintain a consensus “Buy” rating with an average price target of $420.19, compared with the stock’s reported opening price of $338.46; Alphabet also announced a quarterly dividend of $0.22 per share.

LM Advisors LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 235.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,830 shares of the information services provider's stock after acquiring an additional 32,876 shares during the period. Alphabet makes up about 1.9% of LM Advisors LLC's investment portfolio, making the stock its 11th biggest position. LM Advisors LLC's holdings in Alphabet were worth $16,734,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. NewEdge Wealth LLC boosted its stake in shares of Alphabet by 11.8% during the 4th quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider's stock worth $277,696,000 after purchasing an additional 93,293 shares during the last quarter. PFG Investments LLC raised its position in shares of Alphabet by 2.6% in the first quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock valued at $25,679,000 after buying an additional 2,269 shares during the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $28,902,000. W.G. Shaheen & Associates DBA Whitney & Co lifted its stake in shares of Alphabet by 17.1% during the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 118,966 shares of the information services provider's stock valued at $37,236,000 after buying an additional 17,415 shares during the period. Finally, KLCM Advisors Inc. boosted its position in Alphabet by 66.1% during the fourth quarter. KLCM Advisors Inc. now owns 22,877 shares of the information services provider's stock worth $7,161,000 after acquiring an additional 9,105 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Performance

GOOGL stock opened at $338.46 on Tuesday. 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 company has a market cap of $4.14 trillion, a price-to-earnings ratio of 17.00, a PEG ratio of 0.98 and a beta of 1.22. The business has a fifty day simple moving average of $348.72 and a 200-day simple moving average of $343.12. Alphabet Inc. has a 52 week low of $231.90 and a 52 week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. On average, equities research analysts expect that Alphabet Inc. will post 20.5 EPS 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. 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 payout ratio is presently 4.42%.

Insider Buying and Selling

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frances Arnold sold 82 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $337.71, for a total transaction of $27,692.22. Following the completion of the sale, the director directly owned 18,995 shares of the company's stock, valued at $6,414,801.45. The trade was a 0.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 451,925 shares of company stock valued at $12,371,544. 11.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on GOOGL shares. DZ Bank raised shares of Alphabet to a "strong-buy" rating in a research note on Thursday, July 23rd. Oppenheimer increased their price target on Alphabet from $425.00 to $445.00 and gave the stock an "outperform" rating in a research note on Friday, May 15th. DA Davidson set a $350.00 price objective on Alphabet and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Roth Capital reaffirmed a "buy" rating and issued a $440.00 price objective (up from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Piper Sandler reiterated an "overweight" rating and issued a $395.00 target price (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Five analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $420.19.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google expanded its partnership with Cathay Pacific to test AI designed to reduce aircraft contrail warming. Early real-world testing reportedly cut contrail-related warming by 40%, highlighting potential environmental applications for Google’s AI technology. Cathay Pacific, Google expand AI trials to cut climate-warming aircraft contrails
• Positive Sentiment: Pixxel, an Indian satellite startup backed by Google, raised $100 million in new funding. The deal strengthens Alphabet’s exposure to Earth observation, space software and sovereign space systems, although the financial effect on Alphabet itself is likely limited. Google-backed Indian space startup raises $100 million in latest funding round
• Positive Sentiment: Several investment articles argue Alphabet is underappreciated within the “Magnificent Seven,” citing its search and cloud cash flows, AI opportunities and a valuation viewed as reasonable relative to growth. Berkshire Hathaway’s continued Alphabet purchases also provide a prominent vote of confidence.
• Neutral Sentiment: Warren Buffett reportedly initiated Berkshire’s Alphabet investment, while Greg Abel is expected to maintain significant influence over the portfolio. The development is sentiment-positive but does not change Alphabet’s operating outlook.
• Neutral Sentiment: Alphabet’s partnerships with AI companies, including CrowdStrike, reinforce its role in enterprise AI and cybersecurity, but the commercial impact remains uncertain. CrowdStrike unveiled a broad AI security platform push
• Negative Sentiment: Bill Ackman’s fund fully exited Alphabet in the second quarter and bought Netflix instead, citing concern that aggressive AI infrastructure spending could pressure profitability and increase volatility.
• Negative Sentiment: Commentary warns that rising AI capital expenditures are reducing returns on capital and could challenge Alphabet’s traditionally strong financial profile.
• Negative Sentiment: A law firm announced a securities-fraud investigation seeking Alphabet investors, but the announcement provides no finding of wrongdoing and appears primarily to solicit shareholders.

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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