Quantitative Investment Management LLC Has $3.88 Million Stock Holdings in Alphabet Inc. $GOOGL

Key Points

• Quantitative Investment Management LLC cut its Alphabet stake by 83.8% in the second quarter, selling 56,052 shares and retaining 10,847 shares valued at approximately $3.88 million.
• Alphabet reported quarterly earnings of $9.11 per share and revenue of $119.8 billion, surpassing analyst expectations. Analysts maintain a consensus “Buy” rating with an average price target of $420.19.
• Alphabet’s AI and cloud expansion remains a key growth driver, supported by a nuclear-power agreement and the acquisition of AI startup Mechanize, though the company faces scrutiny over AI infrastructure spending, energy demand and a securities-law investigation.

Quantitative Investment Management LLC reduced its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 83.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,847 shares of the information services provider's stock after selling 56,052 shares during the quarter. Quantitative Investment Management LLC's holdings in Alphabet were worth $3,876,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Lifetime Wealth Management P.C. bought a new stake in shares of Alphabet in the 4th quarter valued at $32,000. EMC Capital Management acquired a new position in shares of Alphabet during the 4th quarter valued at $33,000. IFC & Insurance Marketing Inc. bought a new stake in Alphabet in the fourth quarter valued at $38,000. Bard Associates Inc. bought a new stake in Alphabet in the fourth quarter valued at $52,000. Finally, iSAM Funds UK Ltd acquired a new position in shares of Alphabet during the third quarter valued at about $53,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Key Alphabet News

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

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $337.71, for a total value of $27,692.22. Following the sale, the director owned 18,995 shares of the company's stock, valued at approximately $6,414,801.45. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 transaction of $2,232,808.20. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 451,925 shares of company stock worth $12,371,544. Insiders own 11.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $425.00 target price on shares of Alphabet in a research report on Thursday, July 23rd. DZ Bank upgraded Alphabet to a "strong-buy" rating in a report on Thursday, July 23rd. Jefferies Financial Group reaffirmed a "buy" rating on shares of Alphabet in a research report on Monday, June 22nd. Roth Capital reiterated a "buy" rating and issued a $440.00 target price (up from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Finally, Truist Financial set a $420.00 price target on shares of Alphabet and gave the company a "buy" rating in a research report on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $420.19.

Alphabet Stock Up 1.8%

Shares of NASDAQ:GOOGL opened at $338.50 on Friday. The company has a market capitalization of $4.14 trillion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The business has a fifty day moving average price of $346.75 and a two-hundred day moving average price of $343.66. Alphabet Inc. has a 1 year low of $235.84 and a 1 year high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its 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 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%. Analysts forecast that Alphabet Inc. will post 20.52 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors 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 yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet's dividend payout ratio (DPR) is 4.42%.

About Alphabet

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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