Allspring Global Investments Holdings LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.9% during the 1st quarter, HoldingsChannel reports. The firm owned 2,439,865 shares of the information services provider’s stock after acquiring an additional 44,627 shares during the quarter. Alphabet comprises about 1.2% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 6th biggest position. Allspring Global Investments Holdings LLC’s holdings in Alphabet were worth $725,591,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. NewEdge Wealth LLC boosted its stake in Alphabet by 11.8% in the fourth quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider’s stock worth $277,696,000 after purchasing an additional 93,293 shares in the last quarter. PFG Investments LLC increased its stake in shares of Alphabet by 2.6% in the first quarter. PFG Investments LLC now owns 89,299 shares of the information services provider’s stock valued at $25,679,000 after buying an additional 2,269 shares in the last quarter. World Investment Advisors increased its stake in shares of Alphabet by 9.2% in the fourth quarter. World Investment Advisors now owns 274,761 shares of the information services provider’s stock valued at $86,000,000 after buying an additional 23,107 shares in the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new position in shares of Alphabet in the fourth quarter valued at about $28,902,000. Finally, Private Advisory Group LLC raised its holdings in shares of Alphabet by 12.2% in the fourth quarter. Private Advisory Group LLC now owns 24,717 shares of the information services provider’s stock valued at $7,736,000 after buying an additional 2,678 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have weighed in on GOOGL. BMO Capital Markets set a $465.00 price objective on shares of Alphabet and gave the company an “outperform” rating in a research report on Thursday. Morgan Stanley set a $400.00 target price on shares of Alphabet and gave the stock an “overweight” rating in a research report on Thursday. DA Davidson set a $350.00 price target on shares of Alphabet and gave the company a “neutral” rating in a research note on Thursday. Barclays reissued an “overweight” rating and issued a $425.00 price target (up from $405.00) on shares of Alphabet in a report on Thursday. Finally, Wolfe Research dropped their price objective on shares of Alphabet from $390.00 to $360.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. Five investment 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. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $419.86.
Insider Activity at Alphabet
In other news, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $341.72, for a total value of $153,432.28. Following the completion of the sale, the chief accounting officer directly owned 27,348 shares of the company’s stock, valued at $9,345,358.56. This represents a 1.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Frances Arnold sold 112 shares of Alphabet 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 directly owned 18,833 shares in the company, valued at $6,615,656.24. The trade was a 0.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 159,415 shares of company stock worth $7,672,279. 11.61% of the stock is owned by company insiders.
Alphabet Stock Performance
GOOGL opened at $319.74 on Monday. The firm has a 50 day simple moving average of $362.93 and a 200 day simple moving average of $338.90. Alphabet Inc. has a fifty-two week low of $187.82 and a fifty-two week high of $408.61. The company 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 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 – Get Free Report) last announced its quarterly earnings data 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. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $117.07 billion. On average, sell-side analysts anticipate that Alphabet Inc. will post 17.59 earnings per share for the current year.
Alphabet Dividend Announcement
The business 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 yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 4.42%.
Trending Headlines about Alphabet
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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