Studio Investment Management LLC Has $17.15 Million Stock Holdings in Alphabet Inc. $GOOGL

Key Points

• Studio Investment Management reduced its Alphabet stake by 4.7% in the second quarter, selling 2,379 shares and retaining 48,000 shares worth approximately $17.15 million. Alphabet represents about 2.9% of the firm’s portfolio.
• Other institutional investors generally increased their Alphabet holdings, while insiders sold 450,875 shares valued at roughly $11.98 million over the past 90 days. Institutional investors own approximately 40.03% of the company.
• Wall Street remains broadly bullish, with a consensus “Buy” rating and an average price target of $422.16. Alphabet is benefiting from AI-chip revenue and strong earnings, though higher interest rates, heavy AI spending and antitrust restrictions remain risks.

Studio Investment Management LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,000 shares of the information services provider's stock after selling 2,379 shares during the quarter. Alphabet makes up approximately 2.9% of Studio Investment Management LLC's portfolio, making the stock its 7th biggest position. Studio Investment Management LLC's holdings in Alphabet were worth $17,154,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Trans Canada Capital Inc. purchased a new position in shares of Alphabet in the second quarter worth $21,226,000. Trevian Wealth Management LLC grew its holdings in Alphabet by 1.5% in the 2nd quarter. Trevian Wealth Management LLC now owns 6,772 shares of the information services provider's stock worth $2,420,000 after acquiring an additional 99 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. increased its position in shares of Alphabet by 10.4% in the second quarter. Henrickson Nauta Wealth Advisors Inc. now owns 4,309 shares of the information services provider's stock valued at $1,540,000 after acquiring an additional 407 shares during the period. Kintra Wealth LLC raised its stake in shares of Alphabet by 17.6% during the second quarter. Kintra Wealth LLC now owns 36,384 shares of the information services provider's stock valued at $12,602,000 after acquiring an additional 5,437 shares during the last quarter. Finally, PCG Wealth Advisors LLC boosted its holdings in shares of Alphabet by 1.3% during the second quarter. PCG Wealth Advisors LLC now owns 4,486 shares of the information services provider's stock worth $1,603,000 after purchasing an additional 59 shares during the period. Institutional investors own 40.03% of the company's stock.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 82 shares of the firm's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $337.71, for a total transaction of $27,692.22. Following the completion of the transaction, the director owned 18,995 shares of the company's stock, valued at approximately $6,414,801.45. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the business's stock in a transaction on 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. Insiders have sold a total of 450,875 shares of company stock valued at $11,984,482 over the last ninety days. Company insiders own 11.61% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wells Fargo & Company set a $411.00 target price on Alphabet and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Rosenblatt Securities reaffirmed a "buy" rating and set a $410.00 price target on shares of Alphabet in a research report on Thursday, September 3rd. Evercore reiterated an "outperform" rating and issued a $450.00 price objective on shares of Alphabet in a report on Wednesday. Weiss Ratings reiterated a "buy (b)" rating on shares of Alphabet in a research report on Friday, July 17th. Finally, Wall Street Zen cut Alphabet from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Five research analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $422.16.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI chip sales add a new revenue stream: Alphabet began recognizing revenue from sales of its internally developed AI chip systems in the second quarter. Investors may view the business as both a potential growth driver and a way to monetize Google’s technology infrastructure. 2 Stocks to Buy as Google Starts Selling Its AI Chips
• Positive Sentiment: Analyst raises price target: Tigress Financial Partners increased its price target for GOOGL to $485, reflecting confidence in Alphabet’s Search, Cloud, YouTube, Gemini and custom-chip opportunities. Alphabet Price Target Raised to $485
• Positive Sentiment: Waymo expands internationally: Alphabet’s autonomous-driving unit plans to launch an all-electric robotaxi service in Singapore by 2028, strengthening the long-term investment case for Alphabet’s “Other Bets” portfolio. Waymo to Bring Autonomous Ride-Hailing to Singapore
• Positive Sentiment: Options activity signals bullish positioning: Investors purchased roughly 520,000 Alphabet call options, above typical volume, indicating increased speculative interest in further upside.
• Neutral Sentiment: Ad-tech ruling avoids a breakup but imposes restrictions: A federal judge ordered Google to share more auction data with publishers and appoint an antitrust monitor, but rejected a forced breakup. Avoiding structural separation limits the immediate risk to Alphabet’s advertising business, while the behavioral remedies could pressure operations and margins. Tech Watchdogs Criticize Google Adtech Ruling
• Negative Sentiment: Higher rates and AI spending remain risks: The Federal Reserve’s rate increase and Alphabet’s heavy investment in AI infrastructure could keep pressure on free cash flow and valuation, even as Cloud backlog and AI demand remain strong.

Alphabet Price Performance

GOOGL stock opened at $349.54 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. Alphabet Inc. has a 1 year low of $235.84 and a 1 year high of $408.61. The firm has a 50-day moving average of $345.20 and a 200 day moving average of $344.91. The company has a market cap of $4.27 trillion, a P/E ratio of 17.56, a PEG ratio of 1.01 and a beta of 1.22.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating 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 business had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. On average, sell-side analysts forecast that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were given a dividend of $0.22 per share. The ex-dividend date was Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet's payout ratio is currently 4.42%.

Alphabet Profile

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.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).

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.