Tensor Edge Capital LLC Acquires 35,175 Shares of Alphabet Inc. $GOOGL

Tensor Edge Capital LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 270.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,175 shares of the information services provider’s stock after acquiring an additional 35,175 shares during the quarter. Alphabet accounts for approximately 2.4% of Tensor Edge Capital LLC’s investment portfolio, making the stock its 15th largest position. Tensor Edge Capital LLC’s holdings in Alphabet were worth $13,853,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Integrity Wealth Partners LLC acquired a new stake in shares of Alphabet in the 1st quarter valued at approximately $754,000. HB Wealth Management LLC increased its position in Alphabet by 5.0% during the 1st quarter. HB Wealth Management LLC now owns 455,267 shares of the information services provider’s stock worth $130,917,000 after purchasing an additional 21,715 shares in the last quarter. Counterpoint Mutual Funds LLC increased its position in Alphabet by 35.8% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 14,611 shares of the information services provider’s stock worth $4,202,000 after purchasing an additional 3,851 shares in the last quarter. Altus Wealth Group LLC increased its position in Alphabet by 0.7% during the 1st quarter. Altus Wealth Group LLC now owns 13,757 shares of the information services provider’s stock worth $3,956,000 after purchasing an additional 96 shares in the last quarter. Finally, Sierra Ocean LLC lifted its stake in Alphabet by 4.5% in the 1st quarter. Sierra Ocean LLC now owns 3,909 shares of the information services provider’s stock valued at $1,124,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet News Roundup

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.

Alphabet Price Performance

GOOGL stock opened at $357.18 on Monday. The company has a fifty day moving average price of $372.61 and a 200-day moving average price of $336.63. The company has a market capitalization of $4.33 trillion, a P/E ratio of 27.24, a PEG ratio of 1.53 and a beta of 1.24. Alphabet Inc. has a 52-week low of $176.48 and a 52-week high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.98 billion. As a group, equities analysts expect that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, June 8th. This is a boost from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is presently 6.71%.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 112 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total transaction of $39,343.36. Following the completion of the transaction, the director directly owned 18,833 shares in the company, valued at $6,615,656.24. This trade represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction that occurred on 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 transaction, the chief accounting officer directly owned 27,348 shares in the company, valued at approximately $9,345,358.56. This represents a 1.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 160,465 shares of company stock worth $8,020,511. 11.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GOOGL shares. Morgan Stanley restated an “overweight” rating and issued a $415.00 target price (up from $375.00) on shares of Alphabet in a research report on Tuesday, June 30th. China Renaissance increased their price target on Alphabet from $400.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, May 4th. President Capital increased their price target on Alphabet from $375.00 to $465.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a report on Monday, May 4th. Finally, CICC Research upped their target price on Alphabet from $388.00 to $407.91 and gave the stock an “outperform” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $413.92.

Alphabet Company 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.