Cygnus Capital Advisors LLC Has $4.52 Million Stake in Alphabet Inc. $GOOG

Cygnus Capital Advisors LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 45.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 12,800 shares of the information services provider’s stock after acquiring an additional 4,000 shares during the quarter. Alphabet comprises 3.1% of Cygnus Capital Advisors LLC’s portfolio, making the stock its 13th biggest holding. Cygnus Capital Advisors LLC’s holdings in Alphabet were worth $4,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Alphabet during the 2nd quarter valued at about $29,000. Imprint Wealth LLC bought a new stake in Alphabet during the third quarter worth approximately $31,000. Lifetime Wealth Management P.C. bought a new stake in Alphabet during the fourth quarter worth approximately $38,000. Bard Associates Inc. acquired a new position in Alphabet during the fourth quarter valued at approximately $41,000. Finally, Toth Financial Advisory Corp acquired a new position in Alphabet during the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, Director John Hennessy sold 1,050 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the sale, the director directly owned 1,481 shares in the company, valued at $545,941.03. This trade represents a 41.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 451,925 shares of company stock valued at $12,371,544 in the last 90 days. 12.99% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Oppenheimer reissued an “outperform” rating and issued a $400.00 price target (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Wells Fargo & Company decreased their price objective on shares of Alphabet from $418.00 to $411.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Phillip Securities upgraded shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 27th. DA Davidson dropped their target price on shares of Alphabet from $375.00 to $350.00 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Finally, Stifel Nicolaus set a $420.00 target price on shares of Alphabet in a report on Wednesday, May 20th. Six analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $415.55.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet announced a partnership with Morgan State University to establish an AI campus, potentially expanding long-term talent development, research access and adoption of Google Cloud and Gemini. Alphabet Morgan State University AI partnership
• Positive Sentiment: Google launched a dedicated Gemini app for Windows PCs, making its AI assistant more accessible and increasing the opportunity to drive usage across consumer devices and services. Gemini Windows app
• Positive Sentiment: Alphabet’s planned €13 billion investment in Finnish AI infrastructure, alongside a long-term agreement to purchase power from a nuclear plant, could provide reliable, lower-cost electricity for data centers and support Gemini, Search, Maps and YouTube. Google Finland AI infrastructure investment
• Positive Sentiment: Analysts and investment commentary continue to highlight Alphabet’s cloud growth, more than 20% revenue growth and strong recent earnings as evidence that the company can fund substantial AI investment while maintaining attractive profitability. Alphabet return on invested capital and cloud growth
• Neutral Sentiment: Reported short interest was listed at zero shares, unchanged from the prior report, so the data provide no meaningful evidence of short-covering pressure or growing bearish positioning.
• Negative Sentiment: Investors remain focused on the cost of Alphabet’s AI buildout. Estimates that AI capital expenditures could reach roughly $200 billion have raised concerns about pressure on free cash flow, even though the stock’s valuation is viewed as reasonable. Alphabet AI capital expenditures
• Negative Sentiment: Meta’s new Muse AI agent has renewed concerns that autonomous assistants could bypass traditional search pages and reduce Google search advertising opportunities. ARK Invest’s decision to sell approximately $28 million of Alphabet and buy Meta added to the competitive sentiment. Meta Muse competition
• Negative Sentiment: Potential regulation could increase infrastructure costs: proposed U.S. legislation would require large data-center users to pay the full incremental cost of power-grid upgrades, while Finnish officials have warned that Google’s expansion could strain electricity supply. Data Center Fair Share Act

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $330.39 on Friday. 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 business’s 50 day moving average is $345.18 and its two-hundred day moving average is $341.69. The company has a market cap of $4.04 trillion, a P/E ratio of 16.59, a P/E/G ratio of 0.95 and a beta of 1.21. Alphabet Inc. has a 12 month low of $236.58 and a 12 month high of $404.47.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 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 company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. During the same period in the previous year, the company earned $2.31 earnings per share. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. On average, equities analysts expect that Alphabet Inc. will post 20.5 EPS for the current year.

Alphabet Dividend Announcement

The business 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 dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is 4.42%.

About Alphabet

Alphabet Inc is a technology holding company best known as the parent company of Google. It was established in 2015 as part of a corporate restructuring intended to separate Google’s core internet businesses from a collection of other ventures. Google remains Alphabet’s largest business and serves users, advertisers, businesses and developers worldwide.

Google’s principal products and services include its internet search engine, online advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.