Mascagni Wealth Management Inc. Buys 1,563 Shares of Alphabet Inc. $GOOGL

Key Points

• Mascagni Wealth Management increased its Alphabet stake by 56.1% in the first quarter, purchasing 1,563 additional shares and bringing its holdings to 4,347 shares valued at approximately $1.25 million.
• Alphabet reported quarterly earnings of $9.11 per share and revenue of $119.80 billion, surpassing analyst estimates. The company also declared a quarterly dividend of $0.22 per share, equal to a 0.2% annualized yield.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and a $419.86 price target, though investors are monitoring rising AI-related spending, senior AI leadership changes and environmental opposition to a planned India data center.

Mascagni Wealth Management Inc. boosted its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 56.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,347 shares of the information services provider's stock after purchasing an additional 1,563 shares during the quarter. Mascagni Wealth Management Inc.'s holdings in Alphabet were worth $1,250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GOOGL. EMC Capital Management bought a new stake in Alphabet during the 4th quarter worth approximately $33,000. Lifetime Wealth Management P.C. purchased a new position in shares of Alphabet during the 4th quarter valued at $32,000. IFC & Insurance Marketing Inc. bought a new position in shares of Alphabet in the fourth quarter worth $38,000. Bard Associates Inc. purchased a new stake in shares of Alphabet in the fourth quarter worth $52,000. Finally, Kentucky Trust Co boosted its stake in Alphabet by 142.9% during the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after buying an additional 100 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Insider Activity

In related news, 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 stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 600,547 shares of company stock valued at $16,255,540. Company insiders own 11.61% of the company's stock.

Alphabet Trading Down 1.3%

Shares of GOOGL stock opened at $357.75 on Friday. The business has a 50-day moving average of $356.20 and a 200 day moving average of $340.31. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. Alphabet Inc. has a 1-year low of $194.33 and a 1-year high of $408.61. The stock has a market capitalization of $4.38 trillion, a PE ratio of 17.97, a P/E/G ratio of 1.02 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 EPS for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's dividend payout ratio is 4.42%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is seeking up to $25 billion through a 10-part U.S. bond offering, with reports indicating orders could exceed $115 billion. The strong demand suggests investors and lenders remain confident in Alphabet’s credit profile, while the funds will support AI data centers, computing capacity and other corporate needs. Alphabet seeks up to $25 billion from its latest bond sale
• Positive Sentiment: AI demand continues to create growth opportunities for Google Cloud. AI lab Mirendil signed a multiyear agreement worth more than $100 million for Google Cloud computing capacity, reinforcing demand for Alphabet’s infrastructure and services. Mirendil signs Google Cloud deal
• Neutral Sentiment: Demis Hassabis is moving from day-to-day leadership of Google DeepMind to become Alphabet’s chief scientist and chair of DeepMind, with a focus on long-term research, artificial general intelligence and Isomorphic Labs. Management says the change is intended to improve coordination between research and commercialization. Demis Hassabis new role
• Negative Sentiment: Investors remain concerned that Hassabis’ reduced operating role, combined with the departure of longtime chief scientist Jeff Dean and other senior researchers, could weaken Alphabet’s ability to retain talent and compete in frontier AI. The leadership changes followed concerns about delays in Google’s next-generation Gemini products. Google AI leadership departures
• Negative Sentiment: The debt offering highlights the scale of Alphabet’s AI spending. Although borrowing can preserve cash for operations, it increases interest obligations and intensifies scrutiny over whether future AI revenue will justify the substantial capital investment. Alphabet bond offering and AI spending
• Negative Sentiment: Alphabet’s planned $15 billion India data-center project faces opposition over potential effects on water supplies and wildlife, creating possible permitting, reputational and construction risks. Google India data center environmental concerns

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Freedom Capital upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a research report on Friday, July 17th. Citigroup reiterated an "outperform" rating on shares of Alphabet in a research report on Monday, May 4th. KeyCorp raised their price objective on shares of Alphabet from $425.00 to $445.00 and gave the company an "overweight" rating in a research report on Friday, July 10th. Finally, Guggenheim reaffirmed a "buy" rating and set a $450.00 price objective (up from $375.00) on shares of Alphabet in a report on Thursday, April 30th. Six equities research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Alphabet has an average rating of "Buy" and a consensus price target of $419.86.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source