Telligent Fund LP Buys 4,000 Shares of Alphabet Inc. $GOOG

Key Points

• Telligent Fund LP increased its Alphabet stake by 20% in Q1, buying 4,000 more shares and bringing its total holdings to 24,000 shares worth about $6.9 million. Alphabet is now the fund’s fourth-largest position.
• Alphabet’s latest earnings beat expectations with Q2 EPS of $9.11 on revenue of $119.8 billion, helped by a sharp 82% jump in Google Cloud revenue and improving cloud margins. Management also said AI usage is rising across Search, Cloud, and Gemini.
• Investor concerns remain around heavy AI spending, as higher capex guidance and negative free cash flow pressured sentiment, even as analysts kept generally bullish views. Alphabet also faces added overhangs from a roughly $1 billion EU antitrust fine and Moody’s warning about credit-quality risks tied to industry-wide AI buildout.

Telligent Fund LP grew its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 20.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,000 shares of the information services provider's stock after acquiring an additional 4,000 shares during the period. Alphabet accounts for about 7.4% of Telligent Fund LP's investment portfolio, making the stock its 4th biggest position. Telligent Fund LP's holdings in Alphabet were worth $6,885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of GOOG. Vanguard Group Inc. raised its position in Alphabet by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider's stock worth $132,114,125,000 after purchasing an additional 8,128,234 shares during the last quarter. State Street Corp boosted its position in Alphabet by 0.5% in the 4th quarter. State Street Corp now owns 187,102,863 shares of the information services provider's stock valued at $58,712,878,000 after buying an additional 953,790 shares during the last quarter. Auto Owners Insurance Co increased its stake in shares of Alphabet by 38,409.2% in the 4th quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider's stock valued at $5,643,262,000 after buying an additional 179,369,280 shares during the period. J. Stern & Co. LLP raised its position in shares of Alphabet by 28,482.8% during the fourth quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider's stock worth $35,174,429,000 after acquiring an additional 111,699,704 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Alphabet by 1.1% during the fourth quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider's stock worth $31,569,189,000 after acquiring an additional 1,073,151 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet posted a strong Q2 beat, with revenue and EPS coming in ahead of expectations, while Google Cloud revenue surged 82% and cloud margins improved sharply.
• Positive Sentiment: AI and product demand remain strong, with management saying AI usage is rising across Search, Cloud, and Gemini, supporting the long-term growth story.
• Positive Sentiment: Several analysts reiterated bullish views or raised targets, and multiple commentary pieces argued the stock looks attractive after the pullback.
• Positive Sentiment: Verizon signed a deal worth more than $1 billion with Google for dark fiber connectivity, adding another sign of infrastructure demand tied to Alphabet’s data-center buildout. Article Title
• Neutral Sentiment: Waymo is reportedly considering ending its Uber partnership, which could affect how quickly Alphabet’s robotaxi business scales, but the direct financial impact is still unclear. Article Title
• Neutral Sentiment: Alphabet also disclosed a large SpaceX stake and saw some institutional holders trim positions, but these items are secondary to the main debate over AI spending and cash flow.
• Negative Sentiment: Investors were unnerved by Alphabet’s higher CapEx guidance and negative free cash flow, which raised concerns that AI spending may be outpacing near-term returns.
• Negative Sentiment: Alphabet was also hit by an EU antitrust fine of about $1 billion, adding another regulatory overhang. Article Title
• Negative Sentiment: Moody’s warned that the industry-wide AI buildout could threaten credit quality at Alphabet and other hyperscalers, reinforcing concerns about balance-sheet strain from heavy infrastructure investment. Article Title

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 8,998 shares of Alphabet 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 sale, the insider owned 75,290 shares of the company's stock, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The disclosure for this sale is available in the SEC filing. Insiders sold 159,415 shares of company stock valued at $7,672,279 in the last 90 days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Trading Up 0.2%

GOOG opened at $319.09 on Friday. The stock has a market capitalization of $3.87 trillion, a P/E ratio of 16.03, a P/E/G ratio of 1.31 and a beta of 1.23. The company has a current ratio of 2.72, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12 month low of $188.70 and a 12 month high of $404.47. The firm's fifty day simple moving average is $360.63 and its 200 day simple moving average is $337.38.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.87 by $6.24. 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 analysts' expectations of $116.53 billion. During the same quarter in the prior year, the company earned $2.31 EPS. The company's revenue was up 24.2% on a year-over-year basis. As a group, research analysts anticipate that Alphabet Inc. will post 14.34 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Roth Capital lifted their price target on shares of Alphabet from $435.00 to $440.00 and gave the stock a "buy" rating in a research report on Thursday. Barclays restated an "overweight" rating and issued a $425.00 price objective (up from $405.00) on shares of Alphabet in a report on Thursday. Truist Financial reduced their price objective on shares of Alphabet from $430.00 to $420.00 and set a "buy" rating on the stock in a research note on Thursday. UBS Group reaffirmed a "neutral" rating and set a $379.00 price objective (down from $400.00) on shares of Alphabet in a research note on Thursday. Finally, KeyCorp set a $445.00 target price on Alphabet in a research note on Friday, July 10th. Five analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $410.09.

Alphabet Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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