Hamilton Wealth LLC Purchases 206,700 Shares of Alphabet Inc. $GOOGL

Hamilton Wealth LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 196.9% during the first quarter, Holdings Channel reports. The institutional investor owned 311,673 shares of the information services provider’s stock after buying an additional 206,700 shares during the quarter. Alphabet makes up about 6.4% of Hamilton Wealth LLC’s investment portfolio, making the stock its 4th biggest holding. Hamilton Wealth LLC’s holdings in Alphabet were worth $89,625,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alexander Labrunerie & CO. Inc. lifted its stake in shares of Alphabet by 1.8% during the first quarter. Alexander Labrunerie & CO. Inc. now owns 9,303 shares of the information services provider’s stock valued at $2,675,000 after acquiring an additional 165 shares during the period. Financial Insights Inc. acquired a new position in Alphabet during the 1st quarter valued at about $932,000. Janus Henderson Group PLC boosted its stake in shares of Alphabet by 20.9% in the 1st quarter. Janus Henderson Group PLC now owns 3,078,924 shares of the information services provider’s stock valued at $885,388,000 after purchasing an additional 531,699 shares during the last quarter. Bull Harbor Capital LLC acquired a new stake in shares of Alphabet during the 1st quarter worth approximately $2,136,000. Finally, Strategic Investment Advisors MI grew its position in shares of Alphabet by 23.3% during the 1st quarter. Strategic Investment Advisors MI now owns 52,738 shares of the information services provider’s stock worth $15,206,000 after buying an additional 9,970 shares during the period. Institutional investors own 40.03% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is seeking up to $25 billion through a 10-part U.S. bond offering, with reports indicating orders could exceed $115 billion. The strong demand suggests investors and lenders remain confident in Alphabet’s credit profile, while the funds will support AI data centers, computing capacity and other corporate needs. Alphabet seeks up to $25 billion from its latest bond sale
• Positive Sentiment: AI demand continues to create growth opportunities for Google Cloud. AI lab Mirendil signed a multiyear agreement worth more than $100 million for Google Cloud computing capacity, reinforcing demand for Alphabet’s infrastructure and services. Mirendil signs Google Cloud deal
• Neutral Sentiment: Demis Hassabis is moving from day-to-day leadership of Google DeepMind to become Alphabet’s chief scientist and chair of DeepMind, with a focus on long-term research, artificial general intelligence and Isomorphic Labs. Management says the change is intended to improve coordination between research and commercialization. Demis Hassabis new role
• Negative Sentiment: Investors remain concerned that Hassabis’ reduced operating role, combined with the departure of longtime chief scientist Jeff Dean and other senior researchers, could weaken Alphabet’s ability to retain talent and compete in frontier AI. The leadership changes followed concerns about delays in Google’s next-generation Gemini products. Google AI leadership departures
• Negative Sentiment: The debt offering highlights the scale of Alphabet’s AI spending. Although borrowing can preserve cash for operations, it increases interest obligations and intensifies scrutiny over whether future AI revenue will justify the substantial capital investment. Alphabet bond offering and AI spending
• Negative Sentiment: Alphabet’s planned $15 billion India data-center project faces opposition over potential effects on water supplies and wildlife, creating possible permitting, reputational and construction risks. Google India data center environmental concerns

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 8,998 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the completion of the transaction, the insider directly owned 75,290 shares of the company’s stock, valued at $26,298,044.10. This trade represents a 10.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock was 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. Over the last quarter, insiders have sold 600,547 shares of company stock worth $16,255,540. 11.61% of the stock is currently owned by insiders.

Alphabet Trading Down 1.3%

NASDAQ:GOOGL opened at $357.75 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. The business’s 50-day simple moving average is $356.20 and its 200-day simple moving average is $340.31. Alphabet Inc. has a fifty-two week low of $194.33 and a fifty-two week high of $408.61. The stock has a market capitalization of $4.38 trillion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.02 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) 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 $2.89 by $6.22. The firm had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Sell-side analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is currently 4.42%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GOOGL shares. UBS Group reduced their price objective on shares of Alphabet from $400.00 to $379.00 and set a “neutral” rating on the stock in a research note on Thursday, July 23rd. Stifel Nicolaus set a $420.00 price target on Alphabet and gave the stock a “buy” rating in a research report on Thursday, April 30th. DZ Bank upgraded Alphabet to a “strong-buy” rating in a report on Thursday, July 23rd. Rosenblatt Securities reissued a “neutral” rating and issued a $393.00 target price on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Truist Financial set a $420.00 target price on Alphabet and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Six research 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 MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $419.86.

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.