SPX Gestao de Recursos Ltda Invests $21.89 Million in Alphabet Inc. $GOOGL

SPX Gestao de Recursos Ltda acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 61,250 shares of the information services provider’s stock, valued at approximately $21,889,000. Alphabet accounts for 2.4% of SPX Gestao de Recursos Ltda’s investment portfolio, making the stock its 16th largest position.

A number of other large investors have also modified their holdings of the company. Brighton Jones LLC increased its holdings in Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after buying an additional 4,110 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Alphabet by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after acquiring an additional 506 shares during the period. Matrix Asset Advisors Inc. NY lifted its holdings in shares of Alphabet by 17.6% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider’s stock worth $685,000 after acquiring an additional 581 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Alphabet by 11.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider’s stock valued at $85,557,000 after acquiring an additional 48,805 shares in the last quarter. Finally, United Bank boosted its position in shares of Alphabet by 6.9% during the 2nd quarter. United Bank now owns 48,204 shares of the information services provider’s stock valued at $8,495,000 after acquiring an additional 3,120 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of Alphabet stock opened at $340.65 on Friday. The stock has a market capitalization of $4.17 trillion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 0.96 and a beta of 1.24. The firm’s 50-day moving average price is $350.06 and its two-hundred day moving average price is $341.71. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 1-year low of $206.20 and a 1-year high of $408.61.

Alphabet (NASDAQ:GOOGL) last posted its earnings results 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. The company had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, equities analysts predict that Alphabet Inc. will post 20.5 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is currently 4.42%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a research report on Monday, May 4th. Robert W. Baird lifted their price objective on Alphabet from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Dbs Bank upped their price objective on Alphabet from $400.00 to $460.00 in a research note on Thursday, May 7th. Wall Street Zen cut Alphabet from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Zacks Research downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Six research analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Alphabet presently has an average rating of “Buy” and an average price target of $420.19.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the transaction, the director owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. The trade was a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the sale, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 451,843 shares of company stock worth $12,343,852. 11.61% of the stock is owned by company insiders.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is testing Gemini 3.8 Flash internally, suggesting a near-term launch of a faster, lower-cost AI model that could strengthen Alphabet’s competitive position and improve AI product monetization. Google employees are already testing the next Gemini Flash AI model
• Positive Sentiment: Google expanded AI Mode with flight-price tracking, hotel booking assistance and loyalty-point comparisons. The additions could increase user engagement and protect Google’s role in travel-related advertising and transactions. Google’s AI Mode can now track flight prices, help book hotels, and more
• Positive Sentiment: Analyst commentary remains favorable, citing approximately 14.4% advertising growth in the second quarter, AI-enhanced Search and YouTube tools, diversified revenue and a lower valuation than some large technology peers. GOOGL Rides on Strong Advertising Revenues
• Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet position by 83% to about $37.8 billion, providing a high-profile vote of confidence in Alphabet’s search, cloud and AI growth prospects. Berkshire Boosts Its Bet
• Positive Sentiment: Barret Zoph, a prominent AI researcher and Thinking Machines co-founder, is joining Google as a research vice president. The hire may help address concerns about Google’s recent loss of senior AI talent. Barret Zoph is now at Google
• Neutral Sentiment: Google joined more than 100 technology companies calling for coordinated defenses against AI-related cyber threats. The initiative supports responsible AI adoption but has limited immediate financial impact. Companies call for action against rogue AI
• Negative Sentiment: The FTC is reportedly nearing a potential lawsuit over YouTube account suspensions and alleged consumer-protection violations, adding regulatory uncertainty around the platform. FTC probes YouTube over social media policies
• Negative Sentiment: Google agreed to pay £260 million, or about $353 million, to settle a UK lawsuit brought by app developers, highlighting continuing legal exposure related to its app-distribution practices. Google agrees to settle UK app developers’ lawsuit
• Negative Sentiment: Multiple law firms announced investigations into possible securities-law violations involving Alphabet, which could increase headline risk despite the notices containing no finding of wrongdoing. Pomerantz investor alert
• Negative Sentiment: Alphabet’s AI infrastructure spending remains a concern: servers represented roughly 60% of technical infrastructure investment, while Nvidia-based server prices may rise more than 15%, potentially pressuring capital efficiency and free cash flow. Alphabet infrastructure spending and Nvidia server prices

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.