Alphabet Inc. $GOOGL Shares Acquired by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 11.7% during the 1st quarter, Holdings Channel reports. The fund owned 91,384 shares of the information services provider’s stock after purchasing an additional 9,581 shares during the period. Alphabet makes up about 2.0% of Turtle Creek Wealth Advisors LLC’s holdings, making the stock its 6th largest holding. Turtle Creek Wealth Advisors LLC’s holdings in Alphabet were worth $26,278,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GOOGL. Marotta Asset Management raised its holdings in shares of Alphabet by 1.7% during the first quarter. Marotta Asset Management now owns 2,023 shares of the information services provider’s stock worth $602,000 after purchasing an additional 33 shares during the last quarter. F&V Capital Management LLC boosted its holdings in Alphabet by 71.3% in the first quarter. F&V Capital Management LLC now owns 39,180 shares of the information services provider’s stock valued at $11,267,000 after purchasing an additional 16,313 shares during the last quarter. Sierra Summit Advisors LLC grew its position in Alphabet by 4.1% during the 1st quarter. Sierra Summit Advisors LLC now owns 85,828 shares of the information services provider’s stock worth $24,681,000 after purchasing an additional 3,373 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Alphabet during the 1st quarter worth about $27,795,000. Finally, General Pension Society PZU Joint Stock Co raised its stake in shares of Alphabet by 34.4% during the 1st quarter. General Pension Society PZU Joint Stock Co now owns 169,640 shares of the information services provider’s stock valued at $48,782,000 after buying an additional 43,400 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GOOGL shares. Guggenheim reissued a “buy” rating and issued a $450.00 price objective (up from $375.00) on shares of Alphabet in a report on Thursday, April 30th. Wolfe Research dropped their target price on Alphabet from $390.00 to $360.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. BMO Capital Markets lifted their price target on Alphabet from $410.00 to $435.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Loop Capital boosted 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. Finally, Needham & Company LLC restated a “buy” rating and issued a $450.00 price objective on shares of Alphabet in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $413.92.

Key Stories Impacting Alphabet

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 Price Performance

Shares of NASDAQ:GOOGL traded down $1.71 during trading on Friday, reaching $357.18. 18,122,822 shares of the company’s stock traded hands, compared to its average volume of 32,870,564. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a fifty-two week low of $176.48 and a fifty-two week high of $408.61. The company has a 50-day simple moving average of $372.61 and a 200-day simple moving average of $336.44. The firm has a market cap of $4.33 trillion, a PE ratio of 27.24, a P/E/G ratio of 1.53 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $2.47. The company had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. As a group, analysts predict that Alphabet Inc. will post 14.32 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is currently 6.71%.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 112 shares of the 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 transaction, the director owned 18,833 shares in the company, valued at $6,615,656.24. This trade represents a 0.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction on Friday, June 26th. The shares were 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 in the company, valued at $9,345,358.56. This represents a 1.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 160,465 shares of company stock worth $8,020,511. 11.61% of the stock is currently owned by corporate insiders.

About Alphabet

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.