Elyxium Wealth LLC Has $29.63 Million Holdings in Alphabet Inc. $GOOGL

Elyxium Wealth LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 359.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,918 shares of the information services provider’s stock after buying an additional 64,887 shares during the quarter. Alphabet makes up about 3.1% of Elyxium Wealth LLC’s holdings, making the stock its 7th largest position. Elyxium Wealth LLC’s holdings in Alphabet were worth $29,632,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. NewEdge Wealth LLC grew its position in Alphabet by 11.8% during the fourth quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider’s stock worth $277,696,000 after buying an additional 93,293 shares in the last quarter. PFG Investments LLC raised its holdings in shares of Alphabet by 2.6% in the 1st quarter. PFG Investments LLC now owns 89,299 shares of the information services provider’s stock valued at $25,679,000 after acquiring an additional 2,269 shares in the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust purchased a new stake in shares of Alphabet in the 4th quarter valued at about $28,902,000. W.G. Shaheen & Associates DBA Whitney & Co boosted its position in shares of Alphabet by 17.1% during the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 118,966 shares of the information services provider’s stock valued at $37,236,000 after acquiring an additional 17,415 shares during the last quarter. Finally, KLCM Advisors Inc. boosted its position in shares of Alphabet by 66.1% during the 4th quarter. KLCM Advisors Inc. now owns 22,877 shares of the information services provider’s stock valued at $7,161,000 after acquiring an additional 9,105 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GOOGL shares. Daiwa Securities Group upped their price objective on shares of Alphabet from $380.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Guggenheim reissued a “buy” rating and issued a $450.00 price target (up from $375.00) on shares of Alphabet in a research note on Thursday, April 30th. DA Davidson set a $350.00 price target on shares of Alphabet and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Morgan Stanley set a $400.00 price target on shares of Alphabet and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $425.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $420.19.

Alphabet Stock Performance

NASDAQ GOOGL opened at $344.82 on Friday. The company has a 50-day simple moving average of $352.00 and a two-hundred day simple moving average of $341.37. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $201.30 and a 12-month high of $408.61. The firm has a market cap of $4.22 trillion, a price-to-earnings ratio of 17.32, a PEG ratio of 0.96 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate 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 return on equity of 51.32% and a net margin of 54.77%. On average, equities analysts forecast that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared 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. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is presently 4.42%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Rosenblatt upgraded Alphabet to “strong buy” and reiterated a $410 price target, implying substantial upside and reinforcing the bullish view following Alphabet’s strong earnings report. Alphabet upgraded by Rosenblatt Securities
• Positive Sentiment: Alphabet’s AI spending continues to attract major customers and suppliers. Marvell’s custom-chip agreement includes a warrant structure that would require up to $120 billion of cumulative purchases from Google for full vesting, signaling the potentially enormous scale of Alphabet’s TPU and AI infrastructure buildout. Google’s Marvell warrant
• Positive Sentiment: Waymo received approval to operate up to thousands of commercial robotaxis in Nevada and opened its lower-cost next-generation vehicle to riders in Los Angeles, Phoenix, and San Francisco. Lower production and operating costs could improve the long-term economics of Alphabet’s autonomous-driving unit. Waymo Nevada robotaxi approval
• Positive Sentiment: Alphabet’s earnings momentum remains a support for the stock. The company recently exceeded consensus estimates for both adjusted earnings and revenue, while analysts and prominent investors—including Berkshire Hathaway—continue to highlight Alphabet’s AI positioning and valuation.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the transaction, the director directly owned 1,481 shares of the company’s stock, valued at $545,941.03. The trade was a 41.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 8,998 shares of the business’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 value of $3,142,911.42. Following the completion of the sale, the insider owned 75,290 shares of the company’s stock, valued at $26,298,044.10. The trade was a 10.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 451,945 shares of company stock valued at $12,382,714 in the last 90 days. 11.61% of the stock is owned by insiders.

About Alphabet

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.