Symphony Financial Ltd. Co. Increases Stock Position in Alphabet Inc. $GOOGL

Symphony Financial Ltd. Co. grew its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,676 shares of the information services provider’s stock after purchasing an additional 2,467 shares during the quarter. Alphabet makes up approximately 1.8% of Symphony Financial Ltd. Co.’s portfolio, making the stock its 11th largest holding. Symphony Financial Ltd. Co.’s holdings in Alphabet were worth $16,548,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. LightSquare Wealth Management LLC lifted its stake in Alphabet by 12.3% in the 2nd quarter. LightSquare Wealth Management LLC now owns 2,933 shares of the information services provider’s stock valued at $1,048,000 after buying an additional 321 shares in the last quarter. University of Texas Texas AM Investment Management Co. grew its holdings in Alphabet by 11.3% during the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 93,726 shares of the information services provider’s stock valued at $33,495,000 after buying an additional 9,497 shares during the last quarter. Old Peak Finance LLC grew its holdings in Alphabet by 46.9% during the 2nd quarter. Old Peak Finance LLC now owns 2,442 shares of the information services provider’s stock valued at $873,000 after buying an additional 780 shares during the last quarter. Willis Investment Counsel increased its position in Alphabet by 22.4% during the second quarter. Willis Investment Counsel now owns 49,797 shares of the information services provider’s stock worth $17,796,000 after buying an additional 9,120 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC acquired a new position in shares of Alphabet in the second quarter worth $228,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

Alphabet stock opened at $344.82 on Friday. The stock has a fifty day moving average price of $352.00 and a 200 day moving average price of $341.37. Alphabet Inc. has a 52 week low of $201.30 and a 52 week high of $408.61. The firm has a market capitalization of $4.22 trillion, a P/E ratio of 17.32, a PEG ratio of 0.97 and a beta of 1.24. 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, topping analysts’ consensus estimates of $2.89 by $6.22. The firm had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Equities research analysts anticipate that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet’s dividend payout ratio is presently 4.42%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on GOOGL shares. Pivotal Research restated a “buy” rating and issued a $475.00 price objective (up from $470.00) on shares of Alphabet in a research report on Thursday, July 23rd. Needham & Company LLC reiterated a “buy” rating and set a $450.00 price objective on shares of Alphabet in a research report on Wednesday, June 3rd. UBS Group cut their target price on shares of Alphabet from $400.00 to $379.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a report on Monday, June 22nd. Finally, President Capital raised their price target on shares of Alphabet from $375.00 to $465.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Six equities research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Alphabet currently has a consensus rating of “Buy” and an average price target of $420.19.

Key Stories Impacting Alphabet

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 Activity at Alphabet

In related news, 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 directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 451,945 shares of company stock valued at $12,382,714 over the last three months. Insiders own 11.61% of the company’s stock.

Alphabet Company 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.