Colrain Capital LLC Has $14.81 Million Holdings in Alphabet Inc. $GOOGL

Colrain Capital LLC reduced its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 3.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 41,430 shares of the information services provider’s stock after selling 1,477 shares during the period. Alphabet comprises approximately 5.0% of Colrain Capital LLC’s portfolio, making the stock its 8th biggest holding. Colrain Capital LLC’s holdings in Alphabet were worth $14,806,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Strategic Wealth Advisors LLC increased its position in shares of 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 position 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 buying an additional 27 shares during the last quarter. Ruggaard & Associates LLC boosted its stake in Alphabet by 0.9% during the first quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider’s stock worth $840,000 after buying an additional 27 shares during the period. Cadia Private Client LLC boosted its stake in Alphabet by 1.1% during the first quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider’s stock worth $744,000 after buying an additional 28 shares during the period. Finally, Evansbrook LLC increased its position in 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 acquiring an additional 28 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frances Arnold sold 82 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $333.39, for a total value of $27,337.98. Following the completion of the sale, the director directly owned 18,914 shares of the company’s stock, valued at approximately $6,305,738.46. This represents a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 451,945 shares of company stock worth $12,382,714 over the last quarter. Company insiders own 11.61% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway increased its Alphabet stake by 83% to approximately $37.8 billion, providing a significant endorsement from a major long-term investor and reinforcing confidence in Alphabet’s search, cloud and AI businesses. Berkshire Boosts Its Bet: This AI Hyperscaler Is Now a Top-3 Holding
• Positive Sentiment: Google is expanding Gemini Enterprise into regulated industries, including legal and financial services, creating potential for higher-value recurring cloud and AI revenue as enterprises adopt specialized agents. What Alphabet’s Gemini Enterprise Push Into Regulated Industries Means For Shareholders
• Positive Sentiment: Alphabet-owned Waymo plans to enter Germany with driverless rides in 2027, offering a potential long-term growth avenue and demonstrating progress toward international commercialization. Waymo to launch driverless rides in Germany in 2027
• Neutral Sentiment: Google introduced new Gemini Live voice capabilities intended to let users complete multiple tasks without choosing among separate AI tools. The feature may improve engagement, although its near-term financial impact is unclear. Google’s Gemini has a branding problem
• Negative Sentiment: A settlement involving Meta and U.S. state attorneys general has renewed scrutiny of how YouTube protects children and teenagers. Investors are concerned that similar requirements could impose substantial compliance costs or financial obligations on Alphabet. Why is Alphabet stock down today?
• Negative Sentiment: Alphabet moved its AI-responsibility team out of DeepMind, prompting concerns among researchers about independence and the team’s ability to identify risks in new models. The development adds governance and reputational uncertainty to the company’s aggressive AI rollout. Google Moves AI-Responsibility Team Out of DeepMind Lab
• Negative Sentiment: Reports that Nvidia-based AI server prices may rise by more than 15% could increase Alphabet’s infrastructure costs, adding pressure to margins as the company continues heavy AI capital spending. Alphabet Spends About 60 Cents of Every Technical Infrastructure Dollar on Servers

Alphabet Price Performance

Shares of GOOGL stock opened at $342.00 on Thursday. The company has a market cap of $4.18 trillion, a P/E ratio of 17.18, a PEG ratio of 0.97 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The stock’s 50-day moving average is $350.61 and its 200 day moving average is $341.58. Alphabet Inc. has a 1-year low of $205.65 and a 1-year high of $408.61.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion for 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%. Research analysts predict that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GOOGL. Dbs Bank increased their price objective on shares of Alphabet from $400.00 to $460.00 in a research report on Thursday, May 7th. DZ Bank upgraded Alphabet to a “strong-buy” rating in a research report on Thursday, July 23rd. Mizuho upped their target price on Alphabet from $420.00 to $460.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Wells Fargo & Company set a $411.00 price target on Alphabet and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, UBS Group decreased their price target on Alphabet from $400.00 to $379.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $420.19.

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.