Matrix Private Capital Group LLC Purchases Shares of 1,973 Alphabet Inc. $GOOGL

Matrix Private Capital Group LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 1,973 shares of the information services provider’s stock, valued at approximately $567,000.

Several other large investors have also modified their holdings of the stock. Windsor Advisory Group LLC grew its stake in shares of Alphabet by 9.5% during the 1st quarter. Windsor Advisory Group LLC now owns 1,059 shares of the information services provider’s stock valued at $304,000 after buying an additional 92 shares during the period. Unio Capital LLC increased its holdings in shares of Alphabet by 6.8% during the 1st quarter. Unio Capital LLC now owns 148,571 shares of the information services provider’s stock worth $42,723,000 after buying an additional 9,490 shares during the last quarter. Aristotle Atlantic Partners LLC raised its position in shares of Alphabet by 6.9% in the 1st quarter. Aristotle Atlantic Partners LLC now owns 380,948 shares of the information services provider’s stock worth $109,545,000 after buying an additional 24,424 shares during the period. Asset Management Group Inc. raised its position in shares of Alphabet by 0.8% in the 1st quarter. Asset Management Group Inc. now owns 16,272 shares of the information services provider’s stock worth $4,679,000 after buying an additional 125 shares during the period. Finally, Van Den Berg Management I Inc. boosted its holdings in Alphabet by 319.6% in the first quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider’s stock valued at $61,000 after acquiring an additional 163 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction that occurred on Wednesday, July 29th. The shares were 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 $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $333.39, for a total transaction of $27,337.98. Following the sale, the director owned 18,914 shares in the company, valued at $6,305,738.46. This represents a 0.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 600,547 shares of company stock worth $16,255,540 over the last three months. Insiders own 11.61% of the company’s stock.

Alphabet Trading Up 1.1%

NASDAQ:GOOGL opened at $377.65 on Wednesday. The business’s 50-day moving average is $357.37 and its two-hundred day moving average is $339.91. The firm has a market capitalization of $4.62 trillion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 1.05 and a beta of 1.24. Alphabet Inc. has a 12 month low of $193.67 and a 12 month high of $408.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion during 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%. Research analysts predict that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders 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 yield of 0.2%. The ex-dividend date is Friday, September 4th. Alphabet’s dividend payout ratio is currently 4.42%.

Analyst Ratings Changes

GOOGL has been the subject of a number of research reports. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a research report on Monday, May 4th. Freedom Capital upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. DA Davidson set a $350.00 price objective on Alphabet and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Guggenheim reiterated a “buy” rating and set a $450.00 target price (up from $375.00) on shares of Alphabet in a report on Thursday, April 30th. Finally, Oppenheimer raised their price target on shares of Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Six research analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $419.86.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI and earnings momentum remain the main catalyst. Alphabet’s recent quarterly results substantially exceeded expectations, with revenue of $119.8 billion versus the $117.1 billion consensus estimate. Analysts and investors are increasingly viewing the company’s heavy AI spending as supporting accelerating cloud revenue and future monetization. AI stocks have bottomed
• Positive Sentiment: Waymo is showing progress toward commercialization. Alphabet-owned Waymo removed the waitlist for its Dallas robotaxi service, expanding access as it scales across the United States and internationally. Separate analysis reported that Waymo vehicles have materially lower crash rates than human-driven vehicles, strengthening the long-term case for the business. Waymo expands Dallas robotaxi service
• Positive Sentiment: Google’s commercial AI reach is broadening. Oracle is deepening its integration with Google Gemini, while Google also secured computing and strategic partnerships involving SpaceX, Paris Saint-Germain and renewable-energy developer RWE. These deals could support enterprise adoption, cloud demand and infrastructure reliability. Oracle deepens Gemini integration
• Neutral Sentiment: Alphabet is participating in White House AI discussions. Google, OpenAI and Anthropic met with administration advisers regarding voluntary safety testing and a proposed AI oversight framework. Clearer rules could eventually benefit large platforms, although new compliance requirements remain uncertain. White House AI safety meeting
• Negative Sentiment: Legal and regulatory risks are limiting the upside. Pomerantz LLP is investigating potential investor claims, while an advocacy group urged courts to require Google to divest Chrome. Alphabet also faces renewed scrutiny over alleged exclusionary ad-tech practices. These matters could lead to fines, structural remedies or increased operating restrictions. Chrome divestiture advocacy
• Negative Sentiment: AI infrastructure commitments create financial risk. Alphabet is among several hyperscalers facing roughly $1.09 trillion in future data-center lease payments, raising concerns about capital intensity and returns if AI demand or monetization slows. Big Tech data-center lease burden

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.