Bancreek Capital Management LP lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 264.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,955 shares of the information services provider’s stock after acquiring an additional 6,500 shares during the period. Alphabet accounts for approximately 11.1% of Bancreek Capital Management LP’s holdings, making the stock its 4th biggest holding. Bancreek Capital Management LP’s holdings in Alphabet were worth $2,575,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Enterprise Financial Services Corp increased its stake in Alphabet by 3.1% during the first quarter. Enterprise Financial Services Corp now owns 25,290 shares of the information services provider’s stock worth $7,272,000 after acquiring an additional 755 shares during the last quarter. Prosperity Consulting Group LLC lifted its stake in shares of Alphabet by 0.6% in the 1st quarter. Prosperity Consulting Group LLC now owns 73,689 shares of the information services provider’s stock valued at $21,190,000 after purchasing an additional 438 shares during the last quarter. Frazier Financial Advisors LLC lifted its stake in shares of Alphabet by 28.1% in the 1st quarter. Frazier Financial Advisors LLC now owns 2,121 shares of the information services provider’s stock valued at $610,000 after purchasing an additional 465 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Alphabet in the 1st quarter worth approximately $225,078,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co boosted its holdings in shares of Alphabet by 2.0% in the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 121,394 shares of the information services provider’s stock worth $34,908,000 after purchasing an additional 2,428 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on GOOGL shares. Wells Fargo & Company set a $411.00 price target on Alphabet and gave the stock an “overweight” rating in a research report on Thursday. Piper Sandler reiterated an “overweight” rating and set a $395.00 price objective (down from $445.00) on shares of Alphabet in a research report on Thursday. China Renaissance increased their target price on shares of Alphabet from $400.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Robert W. Baird raised their target price on shares of Alphabet from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Finally, Zacks Research upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Five research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $419.86.
Insiders Place Their Bets
In other Alphabet news, Director Frances Arnold sold 112 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total value of $39,343.36. Following the completion of the sale, the director directly owned 18,833 shares in the company, valued at approximately $6,615,656.24. This represents a 0.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 159,415 shares of company stock worth $7,672,279. 11.61% of the stock is owned by company insiders.
Alphabet Price Performance
Alphabet stock opened at $319.74 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The stock has a market cap of $3.87 trillion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 1.06 and a beta of 1.24. The firm has a 50-day moving average of $362.93 and a two-hundred day moving average of $338.90. Alphabet Inc. has a 1 year low of $187.82 and a 1 year high of $408.61.
Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. On average, research analysts forecast that Alphabet Inc. will post 17.59 earnings per share 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 given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is 4.42%.
Alphabet News Summary
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet’s Q2 results showed strong underlying demand, including an 82% surge in Google Cloud revenue and continued growth in Search and YouTube, reinforcing that its core businesses are still expanding. Google Cloud CEO Kurian says customers are spending 50% more as segment blows away expectations
- Positive Sentiment: Analysts at Barclays argued that a TPU-as-a-service offering could materially lift Alphabet’s long-term profitability, suggesting the market may be underestimating future AI monetization. TPU-As-A-Service could boost Google’s 2028 profit by over 15%: Barclays
- Positive Sentiment: Verizon signed a more than $1 billion dark-fiber deal to support Google’s data centers, underscoring ongoing infrastructure demand tied to Alphabet’s AI and cloud expansion. Verizon signs deal with Google worth over $1 billion
- Neutral Sentiment: Alphabet was included in a momentum screen highlighting stocks with strong earnings and favorable price trends, which is supportive but not a major stock-specific catalyst. 3 High-Momentum Stocks to Buy Now Before They Surge
- Neutral Sentiment: Short-interest data showed no meaningful short position, so this does not appear to be a major driver of the move.
- Negative Sentiment: Investors are worried that Alphabet’s AI spending is becoming too large, with the company increasing 2026 capex guidance and reporting negative free cash flow for the first time in years. Alphabet earnings takeaways: Q2 revenue beats, GOOGL stock sinks on 2026 capex hike
- Negative Sentiment: Alphabet also faced fresh regulatory pressure after the European Commission fined Google about $1 billion under the Digital Markets Act. Google hit with $1 billion EU fine, first under landmark rules
- Negative Sentiment: Waymo reportedly may try to end its partnership with Uber, which could create uncertainty around one of Alphabet’s autonomous-driving distribution channels. Waymo reportedly mulling a breakup with Uber
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.
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