Wealthfront Advisers LLC Increases Stake in Alphabet Inc. $GOOGL

Wealthfront Advisers LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 3.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 874,716 shares of the information services provider’s stock after acquiring an additional 28,048 shares during the period. Alphabet comprises 0.6% of Wealthfront Advisers LLC’s holdings, making the stock its 15th largest position. Wealthfront Advisers LLC’s holdings in Alphabet were worth $312,597,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC raised its holdings in Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after buying an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Alphabet by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after acquiring an additional 506 shares during the last quarter. Matrix Asset Advisors Inc. NY grew its holdings in Alphabet by 17.6% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider’s stock worth $685,000 after acquiring an additional 581 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Alphabet by 11.2% in the second quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider’s stock valued at $85,557,000 after acquiring an additional 48,805 shares during the period. Finally, United Bank increased its position in shares of Alphabet by 6.9% in the second quarter. United Bank now owns 48,204 shares of the information services provider’s stock valued at $8,495,000 after acquiring an additional 3,120 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Trading Down 1.3%

Shares of GOOGL opened at $335.02 on Wednesday. The firm’s 50-day moving average price is $349.18 and its 200-day moving average price is $342.18. The firm has a market capitalization of $4.10 trillion, a price-to-earnings ratio of 16.83, a PEG ratio of 0.98 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 Inc. has a 1-year low of $206.20 and a 1-year high of $408.61.

Alphabet (NASDAQ:GOOGL) last announced 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 company had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $117.07 billion. Sell-side analysts anticipate that Alphabet Inc. will post 20.5 EPS for the current year.

Alphabet Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GOOGL. Freedom Capital upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Dbs Bank boosted their price target on Alphabet from $400.00 to $460.00 in a report on Thursday, May 7th. Wells Fargo & Company set a $411.00 price target on Alphabet and gave the company an “overweight” rating in a report on Thursday, July 23rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Monday, June 22nd. Finally, Loop Capital increased their price objective on Alphabet from $355.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Six research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $420.19.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Reports indicate Google could release Gemini 3.8 Flash this week. Internal testing reportedly shows meaningful improvement in coding, an area where Alphabet has trailed Anthropic and OpenAI. A stronger model could improve Google’s AI product competitiveness and investor confidence. New Google AI Model Said to Narrow Gap on Coding Ability
• Positive Sentiment: Alphabet-owned Waymo began offering paid autonomous rides in Denver, San Diego and Tampa, expanding its commercial service to 14 U.S. cities. The rollout strengthens Alphabet’s position in the emerging robotaxi market and creates a potential long-term growth opportunity beyond advertising and cloud computing. Waymo accelerates robotaxi expansion
• Positive Sentiment: Google agreed to purchase 396 megawatts of geothermal power from Fervo Energy’s Utah project. The deal supports the electricity needs of Alphabet’s expanding AI data-center infrastructure while providing greater visibility into its strategy for securing reliable, lower-carbon power. Fervo geothermal power deal with Google
• Neutral Sentiment: Alphabet introduced Google Pics, an AI-powered image creation and editing tool for Google Workspace and premium AI subscribers. The product could broaden monetization, but its near-term financial impact is uncertain. Google Pics AI design tool
• Neutral Sentiment: Android accessibility and personalization updates, along with Google Maps’ adoption of the “Lake America” name, increase product visibility but are unlikely to materially affect Alphabet’s earnings.
• Negative Sentiment: Investors remain concerned that OpenAI’s rapidly expanding advertising business could eventually pressure Google Search, Alphabet’s core profit engine. Reports of employee departures and a continuing AI talent race add to uncertainty around execution. OpenAI advertising threat to Google Search
• Negative Sentiment: EU regulators are questioning Google’s proposed AI-search opt-out policy, while recent European concessions and a £260 million U.K. app-store settlement reinforce concerns about regulatory costs and potential damage to search and platform economics. EU regulators question Google AI-search policy

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the firm’s 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 completion of the transaction, the director owned 1,481 shares in the company, valued at $545,941.03. This trade represents a 41.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 451,925 shares of company stock worth $12,371,544 over the last quarter. Insiders own 11.61% of the company’s stock.

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.