Sharpepoint LLC Purchases 2,312 Shares of Alphabet Inc. $GOOGL

Key Points

• Sharpepoint LLC boosted its Alphabet stake by 20.1% in the first quarter, buying 2,312 more shares and bringing its total holding to 13,833 shares worth about $3.98 million.
• Alphabet reported a strong quarter, with EPS of $9.11 versus analysts’ expectations of $2.89 and revenue of $119.8 billion, both ahead of estimates.
• Despite the earnings beat, investors are still weighing AI-related capex concerns and regulatory pressure, including a new EU fine, while analysts remain broadly positive with a consensus Buy rating and target near $419.86.

Sharpepoint LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 20.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,833 shares of the information services provider's stock after buying an additional 2,312 shares during the period. Alphabet accounts for approximately 2.4% of Sharpepoint LLC's portfolio, making the stock its 12th largest holding. Sharpepoint LLC's holdings in Alphabet were worth $3,978,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GOOGL. Vanguard Group Inc. raised its holdings in shares of Alphabet by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock valued at $165,567,398,000 after acquiring an additional 12,531,695 shares in the last quarter. State Street Corp grew its holdings in shares of Alphabet by 1.8% during the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock worth $40,524,841,000 after purchasing an additional 4,008,374 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Alphabet by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider's stock worth $45,625,595,000 after purchasing an additional 2,666,676 shares in the last quarter. Norges Bank purchased a new position in shares of Alphabet during the fourth quarter worth about $30,534,239,000. Finally, Bank of America Corp DE increased its position in shares of Alphabet by 4.9% in the fourth quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider's stock worth $21,630,861,000 after purchasing an additional 3,218,852 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Insider Buying and Selling

In related news, Director Frances Arnold sold 112 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total transaction of $39,343.36. Following the transaction, the director owned 18,833 shares of the company's stock, valued at approximately $6,615,656.24. This trade represents a 0.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction on Friday, June 26th. The stock was sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the transaction, the chief accounting officer owned 27,348 shares in the company, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 159,415 shares of company stock worth $7,672,279 in the last ninety days. 11.61% of the stock is currently owned by insiders.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $319.74 on Friday. The company has a market capitalization of $3.87 trillion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.31 and a beta of 1.24. The business has a 50 day moving average of $362.93 and a 200 day moving average of $338.74. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 1.92. Alphabet Inc. has a 1-year low of $187.82 and a 1-year high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating 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 net margin of 54.77% and a return on equity of 51.32%. On average, sell-side analysts predict that Alphabet Inc. will post 17.59 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm 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 $0.22 dividend. The ex-dividend date of this dividend 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 is 4.42%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Q2 results showed strong underlying demand, including an 82% surge in Google Cloud revenue and continued growth in Search and YouTube, reinforcing that its core businesses are still expanding. Google Cloud CEO Kurian says customers are spending 50% more as segment blows away expectations
• Positive Sentiment: Analysts at Barclays argued that a TPU-as-a-service offering could materially lift Alphabet’s long-term profitability, suggesting the market may be underestimating future AI monetization. TPU-As-A-Service could boost Google’s 2028 profit by over 15%: Barclays
• Positive Sentiment: Verizon signed a more than $1 billion dark-fiber deal to support Google’s data centers, underscoring ongoing infrastructure demand tied to Alphabet’s AI and cloud expansion. Verizon signs deal with Google worth over $1 billion
• Neutral Sentiment: Alphabet was included in a momentum screen highlighting stocks with strong earnings and favorable price trends, which is supportive but not a major stock-specific catalyst. 3 High-Momentum Stocks to Buy Now Before They Surge
• Neutral Sentiment: Short-interest data showed no meaningful short position, so this does not appear to be a major driver of the move.
• Negative Sentiment: Investors are worried that Alphabet’s AI spending is becoming too large, with the company increasing 2026 capex guidance and reporting negative free cash flow for the first time in years. Alphabet earnings takeaways: Q2 revenue beats, GOOGL stock sinks on 2026 capex hike
• Negative Sentiment: Alphabet also faced fresh regulatory pressure after the European Commission fined Google about $1 billion under the Digital Markets Act. Google hit with $1 billion EU fine, first under landmark rules
• Negative Sentiment: Waymo reportedly may try to end its partnership with Uber, which could create uncertainty around one of Alphabet’s autonomous-driving distribution channels. Waymo reportedly mulling a breakup with Uber

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GOOGL shares. Phillip Securities raised their target price on shares of Alphabet from $340.00 to $395.00 and gave the company a "moderate buy" rating in a research note on Wednesday, April 15th. Truist Financial set a $420.00 price target on shares of Alphabet and gave the stock a "buy" rating in a research note on Thursday. Pivotal Research reissued a "buy" rating and issued a $475.00 price target (up from $470.00) on shares of Alphabet in a report on Thursday. Wells Fargo & Company set a $411.00 price objective on shares of Alphabet and gave the company an "overweight" rating in a research report on Thursday. Finally, Wedbush reaffirmed an "outperform" rating and set a $445.00 price objective on shares of Alphabet in a report on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $419.86.

Alphabet Company 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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