Fideuram Intesa Sanpaolo Private Banking S.P.A. Has $52.27 Million Stock Holdings in Alphabet Inc. $GOOGL

Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 181,783 shares of the information services provider’s stock after purchasing an additional 15,001 shares during the quarter. Alphabet accounts for 1.8% of Fideuram Intesa Sanpaolo Private Banking S.P.A.’s portfolio, making the stock its 7th largest position. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Alphabet were worth $52,273,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. SOL Capital Management CO lifted its holdings in shares of Alphabet by 4.6% in the first quarter. SOL Capital Management CO now owns 10,227 shares of the information services provider’s stock valued at $2,941,000 after buying an additional 450 shares during the period. Patten Group Inc. grew its holdings in Alphabet by 6.2% during the first quarter. Patten Group Inc. now owns 18,488 shares of the information services provider’s stock worth $5,316,000 after acquiring an additional 1,087 shares during the period. Strs Ohio grew its holdings in Alphabet by 3.4% during the first quarter. Strs Ohio now owns 1,882,477 shares of the information services provider’s stock worth $541,325,000 after acquiring an additional 61,223 shares during the period. Axis Wealth Partners LLC raised its position in Alphabet by 5.0% in the first quarter. Axis Wealth Partners LLC now owns 3,187 shares of the information services provider’s stock worth $917,000 after acquiring an additional 153 shares in the last quarter. Finally, Eagle Bay Advisors LLC raised its position in Alphabet by 13.6% in the first quarter. Eagle Bay Advisors LLC now owns 6,558 shares of the information services provider’s stock worth $1,886,000 after acquiring an additional 783 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GOOGL. Morgan Stanley reissued an “overweight” rating and issued a $415.00 price target (up from $375.00) on shares of Alphabet in a report on Tuesday, June 30th. UBS Group reiterated a “neutral” rating on shares of Alphabet in a report on Wednesday, May 20th. KeyCorp increased their target price on shares of Alphabet from $425.00 to $445.00 and gave the company an “overweight” rating in a research note on Friday. Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a report on Monday, June 22nd. Finally, Wall Street Zen upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $413.92.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the sale, the director owned 2,531 shares in the company, valued at $995,341.06. This represents a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frances Arnold sold 112 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total value of $39,343.36. Following the completion of the sale, the director owned 18,833 shares of the company’s stock, valued at $6,615,656.24. The trade was a 0.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 160,465 shares of company stock worth $8,020,511. 11.61% of the stock is currently owned by insiders.

Alphabet Price Performance

NASDAQ GOOGL opened at $357.18 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 1 year low of $176.48 and a 1 year high of $408.61. The company has a market cap of $4.33 trillion, a PE ratio of 27.24, a PEG ratio of 1.53 and a beta of 1.24. The stock’s 50-day moving average price is $372.61 and its two-hundred day moving average price is $336.44.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate 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 net margin of 37.92% and a return on equity of 38.99%. On average, analysts predict that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is 6.71%.

Key Alphabet News

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.

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.