Alphabet Inc. $GOOGL is Corrado Advisors LLC’s 2nd Largest Position

Corrado Advisors LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 7.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,181 shares of the information services provider’s stock after selling 1,525 shares during the quarter. Alphabet comprises about 2.7% of Corrado Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Corrado Advisors LLC’s holdings in Alphabet were worth $5,228,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Lifetime Wealth Management P.C. acquired a new position in shares of Alphabet in the 4th quarter valued at about $32,000. EMC Capital Management acquired a new stake in Alphabet in the fourth quarter valued at $33,000. PMV Capital Advisers LLC bought a new stake in Alphabet in the fourth quarter valued at about $38,000. IFC & Insurance Marketing Inc. acquired a new position in Alphabet in the fourth quarter worth $38,000. Finally, Bard Associates Inc. bought a new position in Alphabet in the fourth quarter worth about $52,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Zacks Research upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Oppenheimer boosted their price objective on Alphabet from $425.00 to $445.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Citizens Jmp reaffirmed a “market outperform” rating and set a $515.00 target price on shares of Alphabet in a research note on Wednesday, May 20th. Wall Street Zen raised Alphabet from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Royal Bank Of Canada set a $425.00 target price on Alphabet and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $414.11.

Insider Activity at Alphabet

In other Alphabet news, insider John Kent Walker sold 8,998 shares of the company’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 approximately $26,298,044.10. This represents a 10.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 159,415 shares of company stock worth $7,672,279. Insiders own 11.61% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street remains broadly bullish on Alphabet, with multiple reports citing strong cloud growth, AI-driven momentum in Search and YouTube, and price targets still above current trading levels. Article Title
• Positive Sentiment: Analysts say Alphabet could post a strong Q2, helped by Google Cloud strength and the value of its Anthropic stake, which may support upside if earnings beat expectations. Article Title
• Neutral Sentiment: Investors are also positioning for Alphabet’s upcoming earnings report, with options traders expecting a sizable move, indicating that the stock may stay volatile into the release. Article Title
• Negative Sentiment: Bloomberg-reported delays to Gemini 3.5 Pro have sparked fears that Google is lagging in AI, with concerns that the model’s coding performance fell short of internal goals. Article Title
• Negative Sentiment: Alphabet is facing added regulatory pressure after the EU ordered it to open Android and search data to rival AI companies, and a San Francisco order to remove “nudify” apps from app stores adds to the broader legal overhang. Article Title
• Negative Sentiment: Securities-fraud investigation headlines are creating an additional near-term overhang, even though these are still allegations and not a proven finding of wrongdoing. Article Title

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $346.77 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market capitalization of $4.20 trillion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24. Alphabet Inc. has a fifty-two week low of $183.71 and a fifty-two week high of $408.61. The business’s fifty day moving average price is $368.89 and its two-hundred day moving average price is $338.14.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. As a group, analysts predict that Alphabet Inc. will post 14.33 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.3%. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is currently 6.71%.

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.