Ninepoint Partners LP Acquires New Position in Alphabet Inc. $GOOGL

Key Points

• Ninepoint Partners acquired 14,886 Alphabet shares worth approximately $5.32 million in the second quarter, while institutional investors collectively own 40.03% of the company.
• Alphabet reported quarterly EPS of $9.11, far exceeding the $2.89 consensus estimate, and revenue of $119.80 billion versus expectations of $117.07 billion. Analysts maintain an overall “Buy” rating with an average price target of $420.19.
• Alphabet’s outlook is supported by Google Cloud growth, AI product expansion and reduced near-term breakup risk, but investors remain concerned about rising AI infrastructure spending, negative free cash flow and ongoing legal and execution risks.

Ninepoint Partners LP purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 14,886 shares of the information services provider's stock, valued at approximately $5,320,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EMC Capital Management acquired a new stake in Alphabet during the 4th quarter worth approximately $33,000. Lifetime Wealth Management P.C. bought a new stake in Alphabet during the fourth quarter valued at $32,000. IFC & Insurance Marketing Inc. acquired a new stake in Alphabet during the fourth quarter worth approximately $38,000. Bard Associates Inc. bought a new stake in shares of Alphabet in the 4th quarter valued at $52,000. Finally, Graney & King LLC increased its stake in Alphabet by 38.5% in the second quarter. Graney & King LLC now owns 180 shares of the information services provider's stock valued at $64,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on GOOGL shares. UBS Group dropped their price target on Alphabet from $400.00 to $379.00 and set a "neutral" rating on the stock in a research note on Thursday, July 23rd. Wall Street Zen cut Alphabet from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Pivotal Research restated a "buy" rating and set a $475.00 price objective (up from $470.00) on shares of Alphabet in a report on Thursday, July 23rd. Phillip Securities raised Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 27th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $425.00 target price on shares of Alphabet in a report on Thursday, July 23rd. Five research 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, Alphabet has an average rating of "Buy" and an average target price of $420.19.

Alphabet Stock Performance

Shares of Alphabet stock opened at $338.46 on Friday. Alphabet Inc. has a 52 week low of $231.90 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 business has a 50 day moving average price of $349.02 and a 200-day moving average price of $342.61. The company has a market cap of $4.14 trillion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 0.99 and a beta of 1.22.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 51.32% and a net margin of 54.77%. Equities analysts anticipate that Alphabet Inc. will post 20.5 earnings per share for the current fiscal 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 paid a $0.22 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet's dividend payout ratio is presently 4.42%.

Insider Activity

In related news, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company'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 value of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 451,925 shares of company stock worth $12,371,544 over the last quarter. Insiders own 11.61% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud revenue growth and expanding margins continue to support Alphabet’s AI investment strategy. Supporters argue that cloud growth—reportedly up 82% year over year—could eventually justify the company’s much higher spending. Google Cloud growth article
• Positive Sentiment: A federal judge rejected a forced breakup of Google’s ad-tech business, limiting the immediate structural risk to Alphabet. The company will instead face behavioral remedies, although the ad-network business recently contracted. Google ad-business ruling
• Positive Sentiment: New AI features in Gmail, Docs and Keep, along with continued Gemini development, could improve user engagement and strengthen Alphabet’s competitive position in generative AI. Rosenblatt also reaffirmed a buy rating with a $410 price target. Google AI product launch
• Neutral Sentiment: Alphabet will pay a quarterly dividend of $0.22 per share on September 14 to shareholders of record on September 4, providing a modest income component but unlikely to materially change the investment case. Alphabet dividend article
• Negative Sentiment: Alphabet raised 2026 capital-spending guidance to approximately $195 billion–$205 billion. Second-quarter free cash flow turned negative as capital expenditures reached $44.9 billion, raising concerns that AI infrastructure spending may take years to generate adequate returns. Alphabet cloud margins and AI spending
• Negative Sentiment: Investors are also concerned about execution: Gemini 3.5 Pro reportedly remained delayed, while the company faces multiple securities-fraud investigations and continued scrutiny over its ad-tech practices. These issues add legal and competitive risk to an already expensive AI buildout. Gemini delay article

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.

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