Quadrant Private Wealth Management LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 6.3% during the first quarter, HoldingsChannel reports. The firm owned 27,213 shares of the information services provider’s stock after buying an additional 1,607 shares during the period. Alphabet accounts for 1.2% of Quadrant Private Wealth Management LLC’s portfolio, making the stock its 17th largest position. Quadrant Private Wealth Management LLC’s holdings in Alphabet were worth $7,825,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new position in Alphabet during the 4th quarter worth approximately $30,534,239,000. Cardano Risk Management B.V. grew its position in Alphabet by 855.3% in the fourth quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider’s stock valued at $4,546,413,000 after acquiring an additional 13,004,828 shares in the last quarter. Vanguard Group Inc. grew its position in Alphabet by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock valued at $165,567,398,000 after acquiring an additional 12,531,695 shares in the last quarter. Capital World Investors grew its position in Alphabet by 28.0% in the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock valued at $12,910,542,000 after acquiring an additional 11,605,785 shares in the last quarter. Finally, Diamant Asset Management Inc. raised its stake in shares of Alphabet by 28,950.0% during the first quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider’s stock valued at $2,671,986,000 after purchasing an additional 9,259,940 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.
Insiders Place Their Bets
In related news, insider John Kent Walker sold 8,998 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider directly owned 75,290 shares of the company’s stock, valued at $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the sale, the director directly owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. This represents a 41.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 285,049 shares of company stock worth $10,051,351. Company insiders own 11.61% of the company’s stock.
Alphabet Stock Up 2.2%
Alphabet (NASDAQ:GOOGL – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $6.22. The firm had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, equities research analysts predict that Alphabet Inc. will post 19.79 earnings per share for the current fiscal 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet’s dividend payout ratio is 4.42%.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. DZ Bank raised shares of Alphabet to a “strong-buy” rating in a research report on Thursday, July 23rd. Daiwa Securities Group raised their price target on shares of Alphabet from $380.00 to $445.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, May 4th. China Renaissance boosted their price objective on shares of Alphabet from $400.00 to $485.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, HSBC reissued a “buy” rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a research report on Tuesday, June 2nd. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $419.86.
Read Our Latest Stock Analysis on GOOGL
More Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet’s second-quarter results showed $119.80 billion in revenue and $112.19 billion in net income, while Google Cloud growth and early AI monetization helped reinforce the long-term investment case. Several analysts remain bullish; Phillip Securities upgraded the stock to “strong buy,” and KeyCorp raised its fiscal 2028 EPS estimate to $17.88 while maintaining an “Overweight” rating and a $445 price target. Alphabet Q2 earnings analysis
- Positive Sentiment: Alphabet continues to attract support from value investors and dip buyers, with reports indicating that prominent investors increased their positions. The company also secured a multiyear agreement to bring Peacock content to YouTube Premium subscribers, potentially strengthening YouTube’s subscription and content ecosystem. Investors increase Alphabet positions
- Neutral Sentiment: The broader technology market is volatile ahead of major Big Tech earnings and the Federal Reserve’s interest-rate decision. That macro uncertainty may be contributing to sharp moves in Alphabet despite its strong fundamentals. Wall Street rebounds ahead of FOMC
- Negative Sentiment: The primary overhang is Alphabet’s plan to spend roughly $195 billion to $205 billion on 2026 capital expenditures, largely for AI infrastructure. Investors are questioning whether the spending will generate adequate returns after Alphabet reportedly posted negative free cash flow for the first time as a public company and paused buybacks under its prior program. A proposed $69.24 billion Class C stock shelf could also raise dilution concerns. Alphabet AI spending and cash concerns
- Negative Sentiment: Alphabet faces additional legal and regulatory risk. European rivals are lining up potential private damages claims after Google lost an initial case under new EU competition rules, while Waymo faces possible federal requirements concerning emergency-response procedures. Major-shareholder sales disclosed in recent SEC filings are a smaller, but potentially negative, sentiment signal. Google faces potential European damages claims
Alphabet 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.
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