Wedbush Fund Advisers LLC Has $51.36 Million Holdings in Alphabet Inc. $GOOGL

Key Points

• Wedbush Fund Advisers increased its Alphabet stake by 2.7% in the second quarter to 143,717 shares valued at $51.36 million, making Alphabet its eighth-largest portfolio holding.
• Alphabet is accelerating its AI expansion, including a planned $15 billion investment in Finnish data centers and AI infrastructure and a 1,000-engineer Google Cloud partnership with Accenture. However, the spending is pressuring free cash flow and competition from autonomous AI agents could challenge Google’s search advertising model.
• Analysts maintain a broadly positive view, with Alphabet receiving a consensus “Buy” rating and a $420.19 price target. The company also reported quarterly revenue of $119.8 billion and EPS of $9.11, exceeding analyst expectations.

Wedbush Fund Advisers LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 143,717 shares of the information services provider's stock after purchasing an additional 3,834 shares during the quarter. Alphabet comprises about 4.6% of Wedbush Fund Advisers LLC's investment portfolio, making the stock its 8th largest position. Wedbush Fund Advisers LLC's holdings in Alphabet were worth $51,360,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. EMC Capital Management bought a new stake in Alphabet during the 4th quarter worth about $33,000. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet in the fourth quarter worth about $32,000. IFC & Insurance Marketing Inc. acquired a new position in shares of Alphabet during the fourth quarter worth approximately $38,000. Bard Associates Inc. bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $52,000. Finally, Graney & King LLC grew its stake in shares of Alphabet by 38.5% during the second quarter. Graney & King LLC now owns 180 shares of the information services provider's stock valued at $64,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google announced plans to invest at least €13 billion ($15 billion) in Finnish data centers and AI infrastructure over the next two years—its largest-ever European investment. The facilities are expected to support Gemini, Search, Maps and YouTube, while a power agreement with Fortum, including nuclear energy, may help address AI’s substantial electricity needs. Google to invest $15 billion AI infrastructure in Finland
• Positive Sentiment: Google Cloud and Accenture launched a joint unit deploying 1,000 engineers to help companies implement AI agents. The initiative could accelerate enterprise adoption of Google’s cloud and AI services and improve monetization of Alphabet’s infrastructure spending. Google Cloud and Accenture AI deployment deal
• Positive Sentiment: Co-founder Sergey Brin is taking a more active role in advancing Gemini, signaling increased founder involvement as Alphabet seeks to strengthen its position in the AI race. Sergey Brin takes bigger role in Google AI
• Neutral Sentiment: Analysts continue to cite Alphabet’s strong return on invested capital, balance sheet and rapidly growing Google Cloud business as long-term strengths. However, the stock’s valuation is being assessed alongside its expanding AI infrastructure commitments.
• Negative Sentiment: The scale of the Finland and broader AI buildout increases capital expenditures and is pressuring free cash flow, creating uncertainty about when the investments will generate sufficient returns.
• Negative Sentiment: Meta’s launch of the paid Muse AI agent raised concerns that autonomous assistants could bypass traditional search results, weakening Alphabet’s search advertising model. Higher Treasury yields are also weighing on high-multiple technology stocks. Meta Muse AI agent pressures Alphabet
• Negative Sentiment: Google warned that EU-mandated changes to its European search results could reduce search quality, increase costs for businesses and potentially affect user engagement. Google warns of lower-quality European search results

Analyst Ratings Changes

GOOGL has been the subject of several research analyst reports. UBS Group dropped their price objective on shares of Alphabet from $400.00 to $379.00 and set a "neutral" rating for the company in a research report on Thursday, July 23rd. New Street Research lifted their target price on Alphabet from $450.00 to $455.00 and gave the company a "buy" rating in a research note on Friday, June 5th. Loop Capital boosted their target price on Alphabet from $355.00 to $490.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. Oppenheimer upped their price target on Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a research note on Friday, May 15th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $425.00 price target on shares of Alphabet in a report on Thursday, July 23rd. Five analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $420.19.

Insider Buying and Selling

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 451,925 shares of company stock valued at $12,371,544 over the last 90 days. 11.61% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of Alphabet stock opened at $330.65 on Thursday. The firm has a fifty day moving average of $347.72 and a two-hundred day moving average of $343.57. 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 stock has a market capitalization of $4.04 trillion, a price-to-earnings ratio of 16.61, a PEG 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 posted its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (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 business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. As a group, equities research analysts predict that Alphabet Inc. will post 20.5 EPS for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders 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 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio is presently 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.

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