Assetmark Inc. Purchases 10,101 Shares of Alphabet Inc. $GOOGL

Assetmark Inc. grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,597,477 shares of the information services provider’s stock after acquiring an additional 10,101 shares during the quarter. Alphabet accounts for 1.5% of Assetmark Inc.’s holdings, making the stock its 11th biggest position. Assetmark Inc.’s holdings in Alphabet were worth $746,930,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOGL. EMC Capital Management acquired a new stake in shares of Alphabet in the fourth quarter valued at about $33,000. Lifetime Wealth Management P.C. bought a new position in Alphabet in the fourth quarter valued at approximately $32,000. IFC & Insurance Marketing Inc. bought a new position in Alphabet in the fourth quarter valued at approximately $38,000. Bard Associates Inc. acquired a new position in shares of Alphabet during the 4th quarter worth approximately $52,000. Finally, Kentucky Trust Co raised its stake in shares of Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock worth $53,000 after purchasing an additional 100 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Up 2.1%

Shares of GOOGL stock opened at $326.56 on Tuesday. Alphabet Inc. has a 12-month low of $187.82 and a 12-month high of $408.61. The company has a market capitalization of $3.96 trillion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 1.06 and a beta of 1.24. The firm has a 50 day moving average price of $361.53 and a two-hundred day moving average price of $338.98. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.89 by $6.22. The company had revenue of $119.80 billion for 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, analysts predict that Alphabet Inc. will post 17.59 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s payout ratio is presently 4.42%.

Insiders Place Their Bets

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were 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 owned 27,348 shares of the company’s stock, valued at $9,345,358.56. The trade was a 1.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 8,998 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider owned 75,290 shares in the company, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 159,415 shares of company stock valued at $7,672,279 in the last three months. Insiders own 11.61% of the company’s stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street analysts continue to support Alphabet’s AI strategy, with several firms maintaining bullish ratings despite trimming price targets to reflect heavier capital expenditures. Investors appear to view the pullback as a buying opportunity. GOOG stock rebounds as Wall Street continues to back AI strategy despite PT cuts
• Positive Sentiment: Alphabet’s second-quarter performance exceeded expectations, including $119.8 billion in revenue and $9.11 in adjusted earnings per share versus consensus of $117.07 billion and $2.89, respectively. Search demand and Google Cloud growth remain key areas of momentum.
• Positive Sentiment: Reports suggest Alphabet’s biggest AI concern—whether its investments can generate meaningful demand and returns—may be easing. Cloud growth, enterprise adoption and early AI monetization support the case for continued investment. Forget AI Capex Concerns – Buy Alphabet After Excellent Q2 Earnings
• Positive Sentiment: YouTube reached a multiyear agreement to include NBCUniversal’s Peacock content in YouTube Premium subscriptions, potentially strengthening the platform’s entertainment offering and subscriber value beginning in 2027. NBCUniversal and YouTube ink deal to embed Peacock
• Neutral Sentiment: Analysts and investors remain divided over Alphabet’s raised 2026 capital-spending forecast of approximately $195 billion to $205 billion. The spending should support AI data centers, Cloud capacity and future growth, but returns will depend on sustained demand.
• Negative Sentiment: Alphabet reportedly spent about $44.9 billion on AI-related investment during the quarter, producing negative free cash flow for the first time as a public company. The deterioration has intensified concerns about spending discipline and the risk that AI returns take longer than expected. Google spent $490 million a day on AI
• Negative Sentiment: Broader technology stocks are not being rewarded for strong earnings, suggesting investors are scrutinizing valuations, capital intensity and future cash flow more closely. This limits the potential upside from Alphabet’s earnings beat.
• Negative Sentiment: A reported privacy issue involving publicly searchable Claude conversations and user-created files on Google search could create reputational or regulatory concerns, although the incident primarily involves Anthropic’s sharing controls. Claude shared chats and Artifacts found on Google

Analyst Upgrades and Downgrades

Several research firms have recently commented on GOOGL. CICC Research increased their price objective on Alphabet from $388.00 to $407.91 and gave the company an “outperform” rating in a report on Friday, May 1st. DA Davidson set a $350.00 target price on shares of Alphabet and gave the stock a “neutral” rating in a report on Thursday. Arete Research upped their price target on shares of Alphabet from $405.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Pivotal Research reiterated a “buy” rating and issued a $475.00 price target (up from $470.00) on shares of Alphabet in a research note on Thursday. Finally, Daiwa Securities Group lifted their price objective on shares of Alphabet from $380.00 to $445.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Five analysts have rated the stock with a Strong Buy rating, forty-five have given 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.

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.