Sacks & Associates LLC Makes New Investment in Alphabet Inc. $GOOGL

Sacks & Associates LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 11,777 shares of the information services provider’s stock, valued at approximately $4,194,000. Alphabet comprises about 2.8% of Sacks & Associates LLC’s investment portfolio, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in GOOGL. Caitong International Asset Management Co. Ltd raised its holdings in Alphabet by 595.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 33,895 shares of the information services provider’s stock valued at $12,113,000 after acquiring an additional 29,018 shares in the last quarter. Rollins Financial Advisors LLC grew its holdings in Alphabet by 0.9% during the 2nd quarter. Rollins Financial Advisors LLC now owns 139,679 shares of the information services provider’s stock worth $49,917,000 after acquiring an additional 1,196 shares in the last quarter. Axon Capital LP bought a new stake in shares of Alphabet in the 2nd quarter worth about $7,505,000. Golden Reserve Retirement LLC increased its position in shares of Alphabet by 90.8% in the 2nd quarter. Golden Reserve Retirement LLC now owns 10,289 shares of the information services provider’s stock worth $3,677,000 after purchasing an additional 4,896 shares during the last quarter. Finally, Investment Research Partners LLC increased its position in shares of Alphabet by 3.1% in the 2nd quarter. Investment Research Partners LLC now owns 16,319 shares of the information services provider’s stock worth $5,832,000 after purchasing an additional 491 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

GOOGL opened at $348.06 on Tuesday. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $351.57 and its 200 day moving average price is $341.41. Alphabet Inc. has a fifty-two week low of $205.28 and a fifty-two week high of $408.61. The firm has a market cap of $4.26 trillion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $6.22. The company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. As a group, sell-side analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 4.42%.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 82 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $333.39, for a total value of $27,337.98. Following the sale, the director directly owned 18,914 shares of the company’s stock, valued at $6,305,738.46. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Kent Walker sold 8,998 shares of the stock in a transaction on 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 completion of the sale, the insider directly owned 75,290 shares in the company, valued at $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 451,945 shares of company stock worth $12,382,714. Company insiders own 11.61% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet reportedly plans to move all Pixel smartphone manufacturing out of China by 2027, shifting production to Vietnam and India. The move could diversify its supply chain and reduce geopolitical and tariff-related exposure, although execution and transition costs remain considerations. Google plans to move all Pixel manufacturing out of China by 2027: report
• Positive Sentiment: A review of second-quarter consumer-internet results described Alphabet as the standout performer, reinforcing the investment case based on its operating momentum and market position. Consumer internet Q2 earnings: Alphabet simply the best
• Positive Sentiment: Marvell’s newly announced custom-chip agreement with Google is drawing significant attention ahead of Marvell’s earnings. The deal highlights Alphabet’s continued investment in custom AI infrastructure and could improve computing efficiency while increasing competitive pressure on Broadcom. Marvell Earnings Are Coming. Google Agreement Likely to Be Biggest Talking Point.
• Positive Sentiment: Alphabet was among the large social-media and technology companies trading higher as investors rotated within the sector. The move reflects supportive broader sentiment, though it is not a company-specific catalyst. Snap rises, Meta and Alphabet tick up
• Neutral Sentiment: Articles highlighted Alphabet as a relatively attractively valued Magnificent Seven company and noted that prominent investors Stanley Druckenmiller and Dan Loeb bought the stock. These views may support sentiment, but they are not new operating developments. Billionaires piled into this AI stock
• Negative Sentiment: Prediction-market odds suggest Google could delay the next Gemini Pro release beyond September 30. A delay could leave Alphabet without a new flagship AI product in the near term and raise concerns about the pace of its generative-AI rollout. Gemini Pro delay leaves Google with an empty flagship tier

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Robert W. Baird increased their price target on shares of Alphabet from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Evercore upped their price objective on Alphabet from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Roth Capital reaffirmed a “buy” rating and set a $440.00 target price (up from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. New Street Research lifted their target price on Alphabet from $450.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Finally, Stifel Nicolaus set a $420.00 target price on Alphabet and gave the stock a “buy” rating in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Alphabet has an average rating of “Buy” and a consensus price target of $420.19.

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.