Wedbush Fund Advisers LLC Has $51.36 Million Stock Holdings in Alphabet Inc. $GOOGL

Wedbush Fund Advisers LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,717 shares of the information services provider’s stock after purchasing an additional 3,834 shares during the quarter. Alphabet accounts for about 4.6% of Wedbush Fund Advisers LLC’s portfolio, making the stock its 8th biggest position. Wedbush Fund Advisers LLC’s holdings in Alphabet were worth $51,360,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Lifetime Wealth Management P.C. bought a new stake in Alphabet during the 4th quarter worth approximately $32,000. EMC Capital Management bought a new position in Alphabet in the fourth quarter valued at approximately $33,000. IFC & Insurance Marketing Inc. bought a new position in Alphabet in the fourth quarter valued at approximately $38,000. Bard Associates Inc. acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $52,000. Finally, iSAM Funds UK Ltd bought a new stake in shares of Alphabet during the third quarter worth $53,000. Institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GOOGL. Wedbush restated an “outperform” rating and set a $445.00 price objective on shares of Alphabet in a report on Thursday, July 23rd. Truist Financial set a $420.00 target price on Alphabet and gave the stock a “buy” rating in a report on Thursday, July 23rd. New Street Research lifted their price target on Alphabet from $450.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Loop Capital boosted their price target on Alphabet from $355.00 to $490.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $410.00 price objective on shares of Alphabet in a research report on Thursday, September 3rd. Five analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $420.19.

Alphabet Stock Down 2.3%

Alphabet stock opened at $330.65 on Thursday. The company has a market cap of $4.04 trillion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 0.98 and a beta of 1.22. Alphabet Inc. has a 1-year low of $235.84 and a 1-year high of $408.61. The company has a fifty day simple moving average of $347.72 and a 200 day simple moving average of $343.57. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Research analysts anticipate that Alphabet Inc. will post 20.5 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. Investors of record on Monday, September 7th will be given a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s payout ratio is currently 4.42%.

Insider Activity at Alphabet

In related news, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 451,925 shares of company stock valued at $12,371,544. 11.61% of the stock is owned by insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google announced plans to invest at least €13 billion ($15 billion) in Finnish data centers and AI infrastructure over the next two years—its largest-ever European investment. The facilities are expected to support Gemini, Search, Maps and YouTube, while a power agreement with Fortum, including nuclear energy, may help address AI’s substantial electricity needs. Google to invest $15 billion AI infrastructure in Finland
• Positive Sentiment: Google Cloud and Accenture launched a joint unit deploying 1,000 engineers to help companies implement AI agents. The initiative could accelerate enterprise adoption of Google’s cloud and AI services and improve monetization of Alphabet’s infrastructure spending. Google Cloud and Accenture AI deployment deal
• Positive Sentiment: Co-founder Sergey Brin is taking a more active role in advancing Gemini, signaling increased founder involvement as Alphabet seeks to strengthen its position in the AI race. Sergey Brin takes bigger role in Google AI
• Neutral Sentiment: Analysts continue to cite Alphabet’s strong return on invested capital, balance sheet and rapidly growing Google Cloud business as long-term strengths. However, the stock’s valuation is being assessed alongside its expanding AI infrastructure commitments.
• Negative Sentiment: The scale of the Finland and broader AI buildout increases capital expenditures and is pressuring free cash flow, creating uncertainty about when the investments will generate sufficient returns.
• Negative Sentiment: Meta’s launch of the paid Muse AI agent raised concerns that autonomous assistants could bypass traditional search results, weakening Alphabet’s search advertising model. Higher Treasury yields are also weighing on high-multiple technology stocks. Meta Muse AI agent pressures Alphabet
• Negative Sentiment: Google warned that EU-mandated changes to its European search results could reduce search quality, increase costs for businesses and potentially affect user engagement. Google warns of lower-quality European search results

Alphabet Profile

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet’s largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.