River Wealth Advisors LLC Has $37.34 Million Stock Position in Alphabet Inc. $GOOGL

River Wealth Advisors LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,472 shares of the information services provider’s stock after buying an additional 2,600 shares during the period. Alphabet makes up 3.1% of River Wealth Advisors LLC’s portfolio, making the stock its 6th biggest position. River Wealth Advisors LLC’s holdings in Alphabet were worth $37,335,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BCGM Wealth Management LLC lifted its stake in shares of Alphabet by 4.3% in the 2nd quarter. BCGM Wealth Management LLC now owns 4,463 shares of the information services provider’s stock worth $1,595,000 after acquiring an additional 183 shares during the period. RHL Group LLC increased its stake in shares of Alphabet by 51.0% during the second quarter. RHL Group LLC now owns 545 shares of the information services provider’s stock valued at $195,000 after acquiring an additional 184 shares during the period. Choreo LLC increased its stake in shares of Alphabet by 0.4% during the second quarter. Choreo LLC now owns 242,977 shares of the information services provider’s stock valued at $86,832,000 after acquiring an additional 861 shares during the period. Symphony Financial Ltd. Co. raised its holdings in Alphabet by 5.6% during the second quarter. Symphony Financial Ltd. Co. now owns 46,676 shares of the information services provider’s stock worth $16,548,000 after purchasing an additional 2,467 shares in the last quarter. Finally, LightSquare Wealth Management LLC raised its holdings in Alphabet by 12.3% during the second quarter. LightSquare Wealth Management LLC now owns 2,933 shares of the information services provider’s stock worth $1,048,000 after purchasing an additional 321 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares of the company’s stock, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the sale, the insider owned 75,290 shares in the company, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 451,945 shares of company stock valued at $12,382,714. Insiders own 11.61% of the company’s stock.

Alphabet News Summary

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.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $344.82 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The stock has a market capitalization of $4.22 trillion, a price-to-earnings ratio of 17.32, a PEG ratio of 0.97 and a beta of 1.24. Alphabet Inc. has a 1-year low of $201.30 and a 1-year high of $408.61. The company has a 50 day moving average price of $352.00 and a 200 day moving average price of $341.35.

Alphabet (NASDAQ:GOOGL) last posted 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. The company had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. On average, research analysts anticipate that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on GOOGL. Truist Financial set a $420.00 target price on Alphabet and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Oppenheimer lifted their price target on Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Wall Street Zen downgraded Alphabet from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Cantor Fitzgerald restated an “overweight” rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Finally, Phillip Securities raised Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 27th. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $420.19.

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.