Bessemer Group Inc. Grows Stock Position in Alphabet Inc. $GOOGL

Bessemer Group Inc. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,012,398 shares of the information services provider’s stock after acquiring an additional 28,056 shares during the period. Bessemer Group Inc.’s holdings in Alphabet were worth $291,126,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Alphabet by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock valued at $165,567,398,000 after buying an additional 12,531,695 shares in the last quarter. State Street Corp increased its position in shares of Alphabet by 1.8% during the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock worth $40,524,841,000 after acquiring an additional 4,008,374 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Alphabet by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider’s stock valued at $45,625,595,000 after purchasing an additional 2,666,676 shares in the last quarter. Norges Bank acquired a new stake in Alphabet in the fourth quarter valued at $30,534,239,000. Finally, Bank of America Corp DE raised its stake in shares of Alphabet by 4.9% in the 4th quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider’s stock valued at $21,630,861,000 after purchasing an additional 3,218,852 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Q2 results showed strong underlying demand, including an 82% surge in Google Cloud revenue and continued growth in Search and YouTube, reinforcing that its core businesses are still expanding. Google Cloud CEO Kurian says customers are spending 50% more as segment blows away expectations
• Positive Sentiment: Analysts at Barclays argued that a TPU-as-a-service offering could materially lift Alphabet’s long-term profitability, suggesting the market may be underestimating future AI monetization. TPU-As-A-Service could boost Google’s 2028 profit by over 15%: Barclays
• Positive Sentiment: Verizon signed a more than $1 billion dark-fiber deal to support Google’s data centers, underscoring ongoing infrastructure demand tied to Alphabet’s AI and cloud expansion. Verizon signs deal with Google worth over $1 billion
• Neutral Sentiment: Alphabet was included in a momentum screen highlighting stocks with strong earnings and favorable price trends, which is supportive but not a major stock-specific catalyst. 3 High-Momentum Stocks to Buy Now Before They Surge
• Neutral Sentiment: Short-interest data showed no meaningful short position, so this does not appear to be a major driver of the move.
• Negative Sentiment: Investors are worried that Alphabet’s AI spending is becoming too large, with the company increasing 2026 capex guidance and reporting negative free cash flow for the first time in years. Alphabet earnings takeaways: Q2 revenue beats, GOOGL stock sinks on 2026 capex hike
• Negative Sentiment: Alphabet also faced fresh regulatory pressure after the European Commission fined Google about $1 billion under the Digital Markets Act. Google hit with $1 billion EU fine, first under landmark rules
• Negative Sentiment: Waymo reportedly may try to end its partnership with Uber, which could create uncertainty around one of Alphabet’s autonomous-driving distribution channels. Waymo reportedly mulling a breakup with Uber

Insider Buying and Selling at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $341.72, for a total value of $153,432.28. Following the sale, the chief accounting officer owned 27,348 shares in the company, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Kent Walker sold 8,998 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the sale, the insider directly owned 75,290 shares of the company’s stock, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 159,415 shares of company stock worth $7,672,279 in the last 90 days. 11.61% of the stock is currently owned by insiders.

Alphabet Price Performance

NASDAQ GOOGL opened at $319.74 on Monday. The company has a market cap of $3.87 trillion, a P/E ratio of 16.06, a P/E/G ratio of 1.06 and a beta of 1.24. The company has a fifty day simple moving average of $362.93 and a 200 day simple moving average of $338.90. Alphabet Inc. has a 1 year low of $187.82 and a 1 year high of $408.61. 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 (NASDAQ:GOOGL) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating 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 firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. On average, sell-side analysts predict that Alphabet Inc. will post 17.59 EPS for the current year.

Alphabet Announces Dividend

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

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of research reports. Wells Fargo & Company set a $411.00 target price on Alphabet and gave the company an “overweight” rating in a research note on Thursday. HSBC restated a “buy” rating and set a $420.00 price target (down from $435.00) on shares of Alphabet in a research report on Tuesday, June 2nd. Citizens Jmp reaffirmed a “market outperform” rating and set a $515.00 target price on shares of Alphabet in a research note on Wednesday, July 22nd. China Renaissance lifted their price target on shares of Alphabet from $400.00 to $485.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Phillip Securities upped their price objective on shares of Alphabet from $340.00 to $395.00 and gave the company a “moderate buy” rating in a research note on Wednesday, April 15th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $419.86.

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.