Strategic Investment Advisors MI Has $15.21 Million Stake in Alphabet Inc. $GOOGL

Strategic Investment Advisors MI raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 23.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,738 shares of the information services provider’s stock after buying an additional 9,970 shares during the quarter. Alphabet comprises about 1.1% of Strategic Investment Advisors MI’s portfolio, making the stock its 25th largest position. Strategic Investment Advisors MI’s holdings in Alphabet were worth $15,206,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Alphabet by 2.4% during 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 purchasing an additional 12,531,695 shares in the last quarter. State Street Corp lifted its stake in Alphabet by 1.8% during the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock worth $40,524,841,000 after purchasing an additional 4,008,374 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Alphabet by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider’s stock valued at $45,625,595,000 after purchasing an additional 2,666,676 shares in the last quarter. Norges Bank bought a new position in shares of Alphabet in the 4th quarter valued at $30,534,239,000. Finally, Bank of America Corp DE increased its stake in shares of Alphabet by 4.9% in the 4th quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider’s stock valued at $21,630,861,000 after purchasing an additional 3,218,852 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Truist Financial set a $420.00 price target on Alphabet and gave the stock a “buy” rating in a report on Thursday, July 23rd. Pivotal Research reiterated a “buy” rating and issued a $475.00 target price (up from $470.00) on shares of Alphabet in a research report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research note on Friday, July 17th. Dbs Bank increased their target price on shares of Alphabet from $400.00 to $460.00 in a report on Thursday, May 7th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a research note on Monday, June 22nd. 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 MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $419.86.

Insider Activity at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business’s 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 can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the completion of the transaction, the director owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. This trade represents a 41.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 600,547 shares of company stock worth $16,255,540 in the last quarter. 11.61% of the stock is owned by insiders.

Alphabet News Roundup

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

Alphabet Price Performance

Shares of GOOGL opened at $357.75 on Friday. Alphabet Inc. has a 12-month low of $194.33 and a 12-month high of $408.61. The business has a 50-day simple moving average of $356.20 and a two-hundred day simple moving average of $340.31. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The stock has a market cap of $4.38 trillion, a PE ratio of 17.97, a PEG ratio of 1.02 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS 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 firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. Analysts anticipate that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

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.