Sigma Planning Corp Has $30.71 Million Stock Position in Alphabet Inc. $GOOGL

Key Points

• Sigma Planning Corp increased its Alphabet stake by 8.9% in the second quarter, bringing its holdings to 85,938 shares valued at approximately $30.71 million. Alphabet represents 0.8% of the firm’s portfolio.
• Alphabet reported quarterly earnings of $9.11 per share and revenue of $119.8 billion, exceeding consensus estimates of $2.89 EPS and $117.07 billion in revenue.
• Analysts maintain a broadly positive view, with Alphabet receiving an average “Buy” rating and a consensus price target of $420.19; however, insiders sold 451,925 shares worth $12.37 million over the past three months.

Sigma Planning Corp raised its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 85,938 shares of the information services provider's stock after buying an additional 7,047 shares during the quarter. Alphabet accounts for 0.8% of Sigma Planning Corp's investment portfolio, making the stock its 22nd largest holding. Sigma Planning Corp's holdings in Alphabet were worth $30,712,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lifetime Wealth Management P.C. bought a new position in Alphabet during the fourth quarter worth $32,000. EMC Capital Management bought a new stake in Alphabet in the fourth 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. acquired a new position in shares of Alphabet during the fourth quarter valued at about $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 currently owned by institutional investors.

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 82 shares of the company's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $337.71, for a total value of $27,692.22. Following the completion of the sale, the director owned 18,995 shares in the company, valued at $6,414,801.45. This represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company's stock in a transaction on Tuesday, July 28th. The stock was 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 three months, insiders sold 451,925 shares of company stock valued at $12,371,544. 11.61% of the stock is owned by insiders.

Alphabet Price Performance

GOOGL stock opened at $338.50 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The business has a 50-day simple moving average of $346.75 and a two-hundred day simple moving average of $343.66. The company has a market capitalization of $4.14 trillion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 0.98 and a beta of 1.22. Alphabet Inc. has a 52-week low of $235.84 and a 52-week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. Research analysts expect that Alphabet Inc. will post 20.52 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's dividend payout ratio is presently 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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. 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. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $420.00 price target (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. DA Davidson set a $350.00 price target on Alphabet and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Rosenblatt Securities reissued a "buy" rating and issued a $410.00 price objective on shares of Alphabet in a research note on Thursday, September 3rd. Finally, BMO Capital Markets set a $465.00 price objective on Alphabet and gave the company an "outperform" rating in a report on Thursday, July 23rd. Five investment 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 company's stock. According to MarketBeat, Alphabet has an average rating of "Buy" and an average target price of $420.19.

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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