Mufg Securities Americas Inc. Acquires 15,542 Shares of Alphabet Inc. $GOOGL

Key Points

• MUFG Securities Americas increased its Alphabet stake by 9.6% in the second quarter, purchasing 15,542 shares to hold 176,606 shares worth approximately $63.1 million. Institutional investors and hedge funds collectively own 40.03% of Alphabet.
• Analysts remain broadly bullish, with a consensus “Buy” rating and average price target of $420.19. The stock has received five Strong Buy, 45 Buy and four Hold ratings.
• Alphabet recently exceeded quarterly expectations, reporting $9.11 in earnings per share and $119.8 billion in revenue versus estimates of $2.89 and $117.07 billion, respectively. However, insiders sold 451,925 shares worth $12.4 million during the last quarter.

Mufg Securities Americas Inc. lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 9.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,606 shares of the information services provider's stock after purchasing an additional 15,542 shares during the period. Alphabet comprises approximately 3.3% of Mufg Securities Americas Inc.'s holdings, making the stock its 5th biggest holding. Mufg Securities Americas Inc.'s holdings in Alphabet were worth $63,114,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings 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 valued at $277,696,000 after buying an additional 93,293 shares during the last quarter. PFG Investments LLC grew its holdings in Alphabet by 2.6% during the 1st quarter. PFG Investments LLC now owns 89,299 shares of the information services provider's stock worth $25,679,000 after acquiring an additional 2,269 shares in the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new stake in shares of Alphabet in the 4th quarter worth about $28,902,000. W.G. Shaheen & Associates DBA Whitney & Co raised its stake in shares of Alphabet by 17.1% in the 4th 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 purchasing an additional 17,415 shares in the last quarter. Finally, KLCM Advisors Inc. grew its stake in Alphabet by 66.1% in the fourth quarter. KLCM Advisors Inc. now owns 22,877 shares of the information services provider's stock worth $7,161,000 after purchasing an additional 9,105 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent research reports. DZ Bank upgraded Alphabet to a "strong-buy" rating in a research note on Thursday, July 23rd. Truist Financial set a $420.00 target price on Alphabet and gave the company a "buy" rating in a research note on Thursday, July 23rd. Freedom Capital upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Cantor Fitzgerald reissued an "overweight" rating and issued a $420.00 price target (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Rosenblatt Securities restated a "buy" rating and set a $410.00 price target on shares of Alphabet in a research report on Thursday, September 3rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $420.19.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 82 shares of the business's stock in a transaction that occurred 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 sale, the director directly owned 18,995 shares in the company, valued at approximately $6,414,801.45. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction 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 SEC filing for this sale provides additional information. In the last quarter, insiders have sold 451,925 shares of company stock valued at $12,371,544. 11.61% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $338.50 on Friday. The firm has a market cap of $4.14 trillion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 0.96 and a beta of 1.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a 52 week low of $235.84 and a 52 week high of $408.61. The business's 50-day simple moving average is $346.75 and its 200-day simple moving average is $343.66.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its 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. 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 analysts' expectations of $117.07 billion. As a group, equities research analysts expect that Alphabet Inc. will post 20.52 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be given a $0.22 dividend. 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 dividend payout ratio (DPR) is currently 4.42%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google agreed to secure nuclear power for 22 years, reportedly locking in roughly half of a plant’s output through 2049. The deal could provide more predictable electricity costs and reliable power for energy-intensive AI data centers, strengthening Alphabet’s infrastructure position. Alphabet Jumps 2.5% After Locking In 22 Years of Nuclear Power
• Positive Sentiment: Google completed its acquisition of AI startup Mechanize in a deal reportedly valued at more than $1.5 billion. Mechanize’s former CEO and other employees are joining Google, potentially adding talent focused on AI agents and automation. Google just completed its $1.5 billion-plus deal for AI startup Mechanize
• Positive Sentiment: Investor commentary highlighted Alphabet’s strong AI and cloud outlook. Google Cloud is reportedly growing 82% year over year, while Alphabet’s Gemini technology is expanding into professional video-editing software, supporting the case that AI can broaden enterprise revenue beyond search advertising. Microsoft Vs. Alphabet: The Enterprise Fight No One Saw Coming
• Positive Sentiment: Recent coverage continues to present Alphabet as attractively valued relative to its growth prospects. The company’s latest reported quarter exceeded expectations, with earnings of $9.11 per share versus a $2.89 consensus estimate and revenue of $119.8 billion versus $117.07 billion expected.
• Neutral Sentiment: Alphabet’s inclusion among major AI and cloud beneficiaries, along with Berkshire Hathaway’s reported position in the company, may support investor interest but does not represent a new operating catalyst. Berkshire Hathaway Has a New Top Holding, and It Dominates Its Market
• Negative Sentiment: A law firm said it is continuing an investigation into possible federal securities-law violations involving Alphabet. The announcement does not establish wrongdoing, but it introduces a potential legal and reputational overhang. Securities Fraud Investigation Into Alphabet Continues
• Negative Sentiment: Alphabet faces scrutiny over the scale of AI infrastructure spending, potential financing pressure across the AI industry, and electricity-demand concerns related to new data centers. Finland opposition parties have warned that Google’s expansion could strain local power supplies and raise energy costs. Finland Risks Strained Power Supply After Google AI Deal

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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