Alphabet Inc. $GOOGL is Sierra Summit Advisors LLC’s 3rd Largest Position

Sierra Summit Advisors LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,828 shares of the information services provider’s stock after purchasing an additional 3,373 shares during the quarter. Alphabet accounts for 3.6% of Sierra Summit Advisors LLC’s portfolio, making the stock its 3rd biggest holding. Sierra Summit Advisors LLC’s holdings in Alphabet were worth $24,681,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Y Intercept Hong Kong Ltd purchased a new position in shares of Alphabet during the first quarter valued at approximately $27,795,000. General Pension Society PZU Joint Stock Co boosted its holdings in Alphabet by 34.4% in the first quarter. General Pension Society PZU Joint Stock Co now owns 169,640 shares of the information services provider’s stock worth $48,782,000 after purchasing an additional 43,400 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Alphabet by 62.1% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,648,994 shares of the information services provider’s stock worth $474,185,000 after purchasing an additional 631,940 shares during the period. Elevation Point Wealth Partners LLC grew its position in Alphabet by 214.7% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 242,209 shares of the information services provider’s stock worth $69,650,000 after purchasing an additional 165,241 shares during the period. Finally, Sharp Wealth Advisory LLC raised its stake in Alphabet by 15.9% during the 1st quarter. Sharp Wealth Advisory LLC now owns 6,243 shares of the information services provider’s stock valued at $1,795,000 after buying an additional 856 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GOOGL has been the topic of several research analyst reports. Loop Capital increased 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. Freedom Capital cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. BMO Capital Markets increased their target price on Alphabet from $410.00 to $435.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Royal Bank Of Canada set a $425.00 target price on Alphabet and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Finally, China Renaissance boosted their price target on Alphabet from $400.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $413.92.

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 112 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total transaction of $39,343.36. Following the completion of the transaction, the director directly owned 18,833 shares in the company, valued at approximately $6,615,656.24. The trade was a 0.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the sale, the chief accounting officer directly owned 27,348 shares of the company’s stock, valued at $9,345,358.56. This represents a 1.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 160,465 shares of company stock valued at $8,020,511. Company insiders own 11.61% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: KeyCorp raised its price target on Alphabet to $445 from $425 and kept an overweight rating, reinforcing the view that the stock still has meaningful upside from current levels.
• Positive Sentiment: Multiple upbeat articles highlighted Alphabet as a leading AI and cloud beneficiary, with commentary pointing to strong distribution through Search, Android, YouTube, Google Cloud, and chips as reasons it could monetize AI better than peers.
• Positive Sentiment: New coverage argued Alphabet looks undervalued after a big run over the past year, while other pieces said the company remains one of the most attractive megacap tech names on a risk/reward basis.
• Positive Sentiment: Zacks and other market commentators continued to include GOOGL among cloud and internet stocks positioned to benefit from AI-driven data center spending and digital demand growth.
• Positive Sentiment: Business and tech commentary also pointed to product and platform strengths, including Google Search setting records during the World Cup and Waymo planning more driverless-car expansion, which support the long-term growth narrative.
• Neutral Sentiment: Alphabet said it will begin disclosing which ads are generated with AI, a transparency move that may help trust and compliance but is unlikely to materially change near-term earnings.
• Neutral Sentiment: Britain moved to regulate Google as a critical cloud supplier to protect financial stability; the change adds oversight, but it also underscores the importance of Google Cloud rather than signaling a fundamental business setback.
• Neutral Sentiment: Reuters reported that Google is appealing an Indian ads-related trademark ruling, a legal issue that could create some noise but does not yet appear to be a major stock-moving event.
• Neutral Sentiment: Recent short-interest data was effectively flat at zero shares reported, offering little actionable signal for traders.
• Negative Sentiment: One Reuters-linked report said Google and OpenAI provided AI services to Singapore-based subsidiaries of Chinese groups on the Pentagon blacklist, which could raise regulatory scrutiny and geopolitical concerns.
• Negative Sentiment: Technical commentary noted Alphabet is testing a key resistance zone after a recovery, suggesting the stock may need a fresh catalyst to extend its move higher.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL traded down $1.71 during midday trading on Friday, hitting $357.18. The company had a trading volume of 18,122,822 shares, compared to its average volume of 32,870,564. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market cap of $4.33 trillion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.53 and a beta of 1.24. Alphabet Inc. has a 12-month low of $176.48 and a 12-month high of $408.61. The company has a fifty day moving average of $372.61 and a two-hundred day moving average of $336.44.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. On average, equities research analysts expect that Alphabet Inc. will post 14.32 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were given a $0.22 dividend. The ex-dividend date was Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is currently 6.71%.

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.