Spinnaker Investment Group LLC Grows Stock Position in Alphabet Inc. $GOOGL

Key Points

• Spinnaker Investment Group increased its Alphabet stake by 51.4% in the second quarter, owning 4,759 shares valued at approximately $1.7 million. Institutional investors and hedge funds collectively own 40.03% of Alphabet.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $419.86. Recent upgrades included Mizuho, DZ Bank, Oppenheimer and Royal Bank of Canada.
• Alphabet reported quarterly EPS of $9.11, far exceeding the $2.89 estimate, while revenue reached $119.8 billion. The company also declared a quarterly dividend of $0.22 per share, equivalent to a 0.3% annualized yield.

Spinnaker Investment Group LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 51.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,759 shares of the information services provider's stock after purchasing an additional 1,616 shares during the quarter. Spinnaker Investment Group LLC's holdings in Alphabet were worth $1,701,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Highland Financial Advisors LLC lifted its stake in Alphabet by 46.4% during the second quarter. Highland Financial Advisors LLC now owns 1,487 shares of the information services provider's stock worth $531,000 after purchasing an additional 471 shares in the last quarter. FC Advisory LLC purchased a new position in shares of Alphabet in the 2nd quarter valued at about $205,000. Fulcrum Equity Management grew its holdings in Alphabet by 2.3% during the 2nd quarter. Fulcrum Equity Management now owns 5,971 shares of the information services provider's stock worth $2,134,000 after acquiring an additional 133 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its stake in shares of Alphabet by 2.2% during the second quarter. Redhawk Wealth Advisors Inc. now owns 10,658 shares of the information services provider's stock worth $3,809,000 after purchasing an additional 228 shares in the last quarter. Finally, Marquette Asset Management LLC boosted its position in shares of Alphabet by 5.1% during the 2nd quarter. Marquette Asset Management LLC now owns 2,081 shares of the information services provider's stock worth $744,000 after acquiring an additional 101 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GOOGL. Mizuho increased their target price on shares of Alphabet from $420.00 to $460.00 and gave the company an "outperform" rating in a research report on Wednesday, May 6th. Wells Fargo & Company set a $411.00 price target on Alphabet and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. DZ Bank upgraded shares of Alphabet to a "strong-buy" rating in a research note on Thursday, July 23rd. Oppenheimer increased their price objective on Alphabet from $425.00 to $445.00 and gave the stock an "outperform" rating in a research report on Friday, May 15th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $425.00 target price on shares of Alphabet in a report on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $419.86.

Alphabet Trading Up 0.0%

Shares of Alphabet stock opened at $344.17 on Wednesday. The business's fifty day moving average is $352.87 and its two-hundred day moving average is $341.28. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a fifty-two week low of $196.60 and a fifty-two week high of $408.61. The firm has a market cap of $4.21 trillion, a PE ratio of 17.29, a P/E/G ratio of 0.97 and a beta of 1.24.

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, topping 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 firm had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. Analysts anticipate that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is 4.42%.

Insider Activity

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 451,945 shares of company stock valued at $12,382,714 in the last 90 days. Company insiders own 11.61% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway sharply increased its Alphabet position. Berkshire disclosed an 83% second-quarter increase, adding approximately 48 million shares and bringing its holding to nearly 106 million shares valued at about $37 billion. Warren Buffett said he initiated the investment, reinforcing the view that Alphabet offers strong cash generation, attractive valuation and durable growth. Berkshire Just Made a Huge Alphabet Bet—Should You Follow?
• Positive Sentiment: Other prominent investors also reported Alphabet purchases. Filings indicated buying by investors including David Tepper, Stanley Druckenmiller and Seth Klarman, adding to the institutional endorsement of GOOGL’s AI, cloud and advertising outlook. Billionaires Loading Into Alphabet Stock
• Positive Sentiment: Alphabet is expanding its AI capabilities. Google agreed to pay $10 million for anonymized Spirit Airlines business data and software for product development and AI training, while some employees from workflow-automation startup Relay are joining Google’s Chrome team. These moves support continued investment in AI products, though the direct financial impact is likely limited. Google to Buy Spirit Airlines Business Data
• Neutral Sentiment: AI spending is creating both opportunity and financing pressure. Alphabet was among several companies issuing large volumes of AI-related debt, potentially funding cloud and data-center expansion but increasing interest costs and balance-sheet risk. Reports that Alphabet is considering an Australian-dollar bond could reinforce that concern. AI’s Borrowing Binge
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of Alphabet investors. The release provided few details, and an investigation does not establish wrongdoing, but the announcement could create short-term legal and reputational pressure. Pomerantz Investor Alert

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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