Wedge Capital Management L L P NC Has $83.43 Million Stake in Alphabet Inc. $GOOGL

Wedge Capital Management L L P NC raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 12.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 233,449 shares of the information services provider’s stock after acquiring an additional 25,694 shares during the period. Alphabet makes up about 1.4% of Wedge Capital Management L L P NC’s investment portfolio, making the stock its 5th largest position. Wedge Capital Management L L P NC’s holdings in Alphabet were worth $83,428,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GOOGL. Strategic Wealth Advisors LLC grew its holdings in Alphabet by 6.0% during the 1st quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider’s stock valued at $137,000 after purchasing an additional 27 shares during the last quarter. Rockbridge Investment Management LCC lifted its stake in Alphabet by 0.5% in 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 last quarter. Ruggaard & Associates LLC lifted its stake in Alphabet by 0.9% in the first quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider’s stock worth $840,000 after purchasing an additional 27 shares during the last quarter. Cadia Private Client LLC boosted its position in shares of Alphabet by 1.1% during the first quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider’s stock valued at $744,000 after buying an additional 28 shares during the period. Finally, Evansbrook LLC boosted its position in shares of Alphabet by 0.3% during the first quarter. Evansbrook LLC now owns 9,522 shares of the information services provider’s stock valued at $2,738,000 after buying an additional 28 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 0.2%

GOOGL opened at $344.72 on Thursday. The stock’s fifty day moving average is $352.64 and its two-hundred day moving average is $341.32. The company has a market capitalization of $4.22 trillion, a P/E ratio of 17.31, a PEG ratio of 0.97 and a beta of 1.24. Alphabet Inc. has a 52 week low of $196.60 and a 52 week high of $408.61. 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 issued its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping 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 business had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $117.07 billion. Analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet’s payout ratio is presently 4.42%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GOOGL. Phillip Securities upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 27th. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a report on Monday, May 4th. Piper Sandler reaffirmed an “overweight” rating and issued a $395.00 price objective (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. The Goldman Sachs Group increased their target price on Alphabet from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, BNP Paribas Exane lifted their target price on Alphabet from $390.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Alphabet presently has an average rating of “Buy” and a consensus price target of $419.86.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 8,998 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the sale, the insider owned 75,290 shares of the company’s stock, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frances Arnold sold 82 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $333.39, for a total transaction of $27,337.98. Following the transaction, the director owned 18,914 shares in the company, valued at approximately $6,305,738.46. This represents a 0.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 451,945 shares of company stock worth $12,382,714. 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: Custom AI-chip partnership strengthens Alphabet’s infrastructure position. Marvell Technology issued Alphabet a warrant to purchase up to 58.97 million shares—roughly 6.7% of Marvell—at $206.58 per share, as part of a partnership to develop custom chips that connect to Google’s TPU ecosystem. The deal signals continued investment in internally tailored AI computing capacity and could reduce reliance on existing suppliers. Marvell Google AI chip deal
• Positive Sentiment: Google Cloud remains a major growth engine. Cloud revenue reportedly rose 82% year over year to $24.8 billion in the second quarter, outpacing Microsoft Azure and Amazon Web Services. The growth reflects strong demand for AI workloads and supports the case that Alphabet’s substantial AI capital spending is generating customer revenue. Google Cloud growth
• Positive Sentiment: Waymo expanded commercial access to cheaper robotaxis. Alphabet’s autonomous-driving unit opened its next-generation, lower-cost vehicles to all riders in Los Angeles, Phoenix, and San Francisco. Lower production, operating, and maintenance costs could improve Waymo’s long-term scalability. Waymo robotaxi expansion
• Positive Sentiment: Investor sentiment was supported by institutional backing and favorable technical signals. Berkshire Hathaway reportedly increased its Alphabet position to approximately $37 billion, while Morgan Stanley identified Alphabet among large-cap technology stocks showing bullish momentum. Berkshire Alphabet investment
• Neutral Sentiment: Alphabet raised about $3.9 billion through its inaugural Australian-dollar bond, supporting AI and data-center investment but also adding to concerns about rising borrowing across the AI industry. Alphabet Australian dollar bond
• Negative Sentiment: Prediction markets indicate that Google’s next flagship Gemini Pro model is unlikely to launch before September, extending a delay that could weigh on competitive positioning in generative AI. Gemini launch delay

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.