Pallas Capital Advisors LLC Has $52.54 Million Stock Position in Alphabet Inc. $GOOGL

Pallas Capital Advisors LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 147,025 shares of the information services provider’s stock after purchasing an additional 7,225 shares during the period. Alphabet accounts for about 1.6% of Pallas Capital Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Pallas Capital Advisors LLC’s holdings in Alphabet were worth $52,542,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GOOGL. Paragon Financial Partners Inc. raised its stake in shares of Alphabet by 6.3% in the 2nd quarter. Paragon Financial Partners Inc. now owns 4,011 shares of the information services provider’s stock valued at $1,429,000 after acquiring an additional 236 shares in the last quarter. Performance Wealth Partners LLC grew its holdings in Alphabet by 1.3% during the second quarter. Performance Wealth Partners LLC now owns 41,510 shares of the information services provider’s stock valued at $14,834,000 after purchasing an additional 517 shares during the last quarter. Oak Barrel Wealth Advisory LLC bought a new position in shares of Alphabet in the second quarter valued at approximately $1,922,000. Palatine Hill Wealth Management LLC boosted its holdings in shares of Alphabet by 5.3% during the 2nd quarter. Palatine Hill Wealth Management LLC now owns 2,217 shares of the information services provider’s stock worth $792,000 after buying an additional 112 shares during the period. Finally, Phillips Wealth Planners LLC raised its holdings in Alphabet by 1.6% in the 2nd quarter. Phillips Wealth Planners LLC now owns 4,591 shares of the information services provider’s stock worth $1,685,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 8,998 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 75,290 shares of the company’s stock, valued at $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 451,843 shares of company stock valued at $12,343,852. 11.61% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GOOGL has been the subject of a number of recent analyst reports. DZ Bank upgraded shares of Alphabet to a “strong-buy” rating in a report on Thursday, July 23rd. China Renaissance lifted their price target on Alphabet from $400.00 to $485.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. DA Davidson set a $350.00 price target on Alphabet and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Cantor Fitzgerald restated an “overweight” rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Roth Capital reaffirmed a “buy” rating and set a $440.00 target price (up from $435.00) on shares of Alphabet in a research report 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $420.19.

Alphabet Price Performance

GOOGL opened at $346.59 on Monday. The company has a market capitalization of $4.24 trillion, a P/E ratio of 17.41, a P/E/G 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 firm’s fifty day moving average price is $349.62 and its two-hundred day moving average price is $341.86. Alphabet Inc. has a fifty-two week low of $206.20 and a fifty-two week high of $408.61.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $117.07 billion. On average, analysts anticipate that Alphabet Inc. will post 20.5 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet’s payout ratio is currently 4.42%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud and AI remain the main growth drivers. Rising Cloud revenue, AI adoption and a reported $514 billion backlog strengthen Alphabet’s competitive position against Microsoft and Amazon, although capacity constraints could limit near-term execution. Rising Cloud Revenue Strengthens Alphabet Against MSFT & AMZN
• Positive Sentiment: New Gemini and AI Mode features could increase user engagement and monetization. Google is expanding AI Mode to track flight prices and assist with hotel bookings, while reviews of its personal-intelligence tools suggest broader consumer adoption. Employees are also reportedly testing a next-generation Gemini Flash model. Google’s AI Mode can now track flight prices, help book hotels, and more
• Positive Sentiment: Analyst sentiment and technical momentum remain favorable. Brokerages maintain an average “Buy” recommendation, while technical commentary points to support above approximately $340. Alphabet’s valuation, margins and cash generation are viewed as attractive relative to many AI peers. Alphabet Receives Average Recommendation of Buy
• Positive Sentiment: Alphabet’s custom-chip strategy is creating demand for AI infrastructure. Marvell’s large Google-related AI-chip opportunity highlights Alphabet’s willingness to invest in proprietary computing capacity, potentially supporting long-term performance and reducing reliance on outside suppliers. Marvell’s Google AI-chip opportunity
• Neutral Sentiment: Google changed its European spam and site-reputation policy. The adjustment is intended to address European Commission concerns and reduce the risk of an antitrust fine, but it may affect how Google ranks publisher content and reflects ongoing regulatory pressure. Google changes spam policy in EU to avert antitrust fine
• Negative Sentiment: Legal risks continue to weigh on the investment case. Multiple law firms announced securities-fraud investigations, while Google agreed to a $353 million settlement with UK app developers. These announcements do not establish wrongdoing but could create financial and reputational costs. Google agrees to settle UK app developers’ lawsuit
• Negative Sentiment: The FTC is reportedly considering action involving YouTube. The investigation concerns account suspensions and possible consumer-protection violations, adding another regulatory overhang for Alphabet. US FTC probes YouTube over social media policies

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.