Hilton Capital Management LLC Grows Stock Position in Alphabet Inc. $GOOGL

Hilton Capital Management LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 6.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,859 shares of the information services provider’s stock after buying an additional 4,208 shares during the period. Alphabet makes up about 1.7% of Hilton Capital Management LLC’s investment portfolio, making the stock its 10th biggest position. Hilton Capital Management LLC’s holdings in Alphabet were worth $24,251,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. EMC Capital Management purchased a new position in shares of Alphabet in the fourth quarter worth approximately $33,000. Lifetime Wealth Management P.C. purchased a new stake in Alphabet during the fourth quarter valued at approximately $32,000. IFC & Insurance Marketing Inc. purchased a new stake in Alphabet during the fourth quarter valued at approximately $38,000. Bard Associates Inc. bought a new position in Alphabet in the fourth quarter worth approximately $52,000. Finally, Uniplan Investment Counsel Inc. bought a new position in Alphabet in the fourth quarter worth approximately $65,000. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Alphabet in a research report on Monday, June 22nd. Zacks Research cut Alphabet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Arete Research lifted their target price on Alphabet from $405.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Daiwa Securities Group boosted their price target on Alphabet from $380.00 to $445.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Alphabet in a research report on Tuesday, April 28th. Six analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $420.19.

Insider Activity at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the transaction, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction dated Monday, June 29th. The stock was 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 directly owned 75,290 shares in the company, valued at $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 451,945 shares of company stock worth $12,382,714 in the last three months. Insiders own 11.61% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Rosenblatt upgraded Alphabet to “strong buy” and reiterated a $410 price target, implying substantial upside and reinforcing the bullish view following Alphabet’s strong earnings report. Alphabet upgraded by Rosenblatt Securities
• Positive Sentiment: Alphabet’s AI spending continues to attract major customers and suppliers. Marvell’s custom-chip agreement includes a warrant structure that would require up to $120 billion of cumulative purchases from Google for full vesting, signaling the potentially enormous scale of Alphabet’s TPU and AI infrastructure buildout. Google’s Marvell warrant
• Positive Sentiment: Waymo received approval to operate up to thousands of commercial robotaxis in Nevada and opened its lower-cost next-generation vehicle to riders in Los Angeles, Phoenix, and San Francisco. Lower production and operating costs could improve the long-term economics of Alphabet’s autonomous-driving unit. Waymo Nevada robotaxi approval
• Positive Sentiment: Alphabet’s earnings momentum remains a support for the stock. The company recently exceeded consensus estimates for both adjusted earnings and revenue, while analysts and prominent investors—including Berkshire Hathaway—continue to highlight Alphabet’s AI positioning and valuation.

Alphabet Price Performance

Shares of GOOGL stock opened at $344.82 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. Alphabet Inc. has a one year low of $201.30 and a one year high of $408.61. The company’s fifty day moving average price is $352.00 and its 200-day moving average price is $341.35. The company has a market capitalization of $4.22 trillion, a price-to-earnings ratio of 17.32, a PEG ratio of 0.97 and a beta of 1.24.

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 net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. Sell-side analysts expect that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders 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 4.42%.

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.