Opal Capital LLC Sells 2,587 Shares of Alphabet Inc. $GOOGL

Opal Capital LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 19.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,686 shares of the information services provider’s stock after selling 2,587 shares during the quarter. Opal Capital LLC’s holdings in Alphabet were worth $3,073,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GOOGL. Strategic Wealth Advisors LLC grew its stake in Alphabet by 6.0% in the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider’s stock valued at $137,000 after acquiring an additional 27 shares during the period. Rockbridge Investment Management LCC raised its position in shares of Alphabet by 0.5% during the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider’s stock worth $1,570,000 after purchasing an additional 27 shares during the period. Midwest Professional Planners LTD. lifted its holdings in shares of Alphabet by 1.2% during the 1st quarter. Midwest Professional Planners LTD. now owns 2,364 shares of the information services provider’s stock valued at $680,000 after purchasing an additional 29 shares in the last quarter. Symmetry Partners LLC lifted its holdings in shares of Alphabet by 0.4% during the 4th quarter. Symmetry Partners LLC now owns 7,912 shares of the information services provider’s stock valued at $2,476,000 after purchasing an additional 30 shares in the last quarter. Finally, Private Wealth Management Group LLC grew its position in shares of Alphabet by 1.2% in the 1st quarter. Private Wealth Management Group LLC now owns 2,540 shares of the information services provider’s stock valued at $730,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Down 1.3%

NASDAQ:GOOGL opened at $357.75 on Friday. The firm has a market capitalization of $4.38 trillion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.02 and a beta of 1.24. Alphabet Inc. has a twelve month low of $194.33 and a twelve month high of $408.61. The stock’s 50 day moving average price is $356.20 and its two-hundred day moving average price is $340.31. 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 released its quarterly earnings data 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. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. Equities research analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be paid a $0.22 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is currently 4.42%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is seeking up to $25 billion through a 10-part U.S. bond offering, with reports indicating orders could exceed $115 billion. The strong demand suggests investors and lenders remain confident in Alphabet’s credit profile, while the funds will support AI data centers, computing capacity and other corporate needs. Alphabet seeks up to $25 billion from its latest bond sale
• Positive Sentiment: AI demand continues to create growth opportunities for Google Cloud. AI lab Mirendil signed a multiyear agreement worth more than $100 million for Google Cloud computing capacity, reinforcing demand for Alphabet’s infrastructure and services. Mirendil signs Google Cloud deal
• Neutral Sentiment: Demis Hassabis is moving from day-to-day leadership of Google DeepMind to become Alphabet’s chief scientist and chair of DeepMind, with a focus on long-term research, artificial general intelligence and Isomorphic Labs. Management says the change is intended to improve coordination between research and commercialization. Demis Hassabis new role
• Negative Sentiment: Investors remain concerned that Hassabis’ reduced operating role, combined with the departure of longtime chief scientist Jeff Dean and other senior researchers, could weaken Alphabet’s ability to retain talent and compete in frontier AI. The leadership changes followed concerns about delays in Google’s next-generation Gemini products. Google AI leadership departures
• Negative Sentiment: The debt offering highlights the scale of Alphabet’s AI spending. Although borrowing can preserve cash for operations, it increases interest obligations and intensifies scrutiny over whether future AI revenue will justify the substantial capital investment. Alphabet bond offering and AI spending
• Negative Sentiment: Alphabet’s planned $15 billion India data-center project faces opposition over potential effects on water supplies and wildlife, creating possible permitting, reputational and construction risks. Google India data center environmental concerns

Wall Street Analysts Forecast Growth

Several brokerages have commented on GOOGL. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a report on Friday, July 17th. BNP Paribas Exane upped their price target on shares of Alphabet from $390.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Freedom Capital raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. DA Davidson set a $350.00 price objective on shares of Alphabet and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $515.00 price objective on shares of Alphabet in a research report on Wednesday, July 22nd. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $419.86.

Insider Activity

In other news, insider John Kent Walker sold 8,998 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares in the company, valued at $26,298,044.10. The trade was a 10.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 600,547 shares of company stock worth $16,255,540. 11.61% of the stock is owned by insiders.

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.