Y.D. More Investments Ltd grew its position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 15.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 93,770 shares of the information services provider’s stock after acquiring an additional 12,271 shares during the period. Alphabet comprises about 1.0% of Y.D. More Investments Ltd’s holdings, making the stock its 19th largest holding. Y.D. More Investments Ltd’s holdings in Alphabet were worth $26,830,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in GOOG. Brighton Jones LLC lifted its holdings in shares of Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after purchasing an additional 6,410 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its position in shares of Alphabet by 76.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider’s stock worth $330,886,000 after purchasing an additional 806,681 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of Alphabet in the 2nd quarter worth approximately $658,000. Financial Advisors Network Inc. increased its position in Alphabet by 7.7% during the 2nd quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider’s stock valued at $1,409,000 after buying an additional 565 shares in the last quarter. Finally, Ausdal Financial Partners Inc. raised its stake in Alphabet by 10.7% during the second quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider’s stock valued at $6,618,000 after buying an additional 3,616 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Wall Street sentiment remains broadly bullish, with multiple firms reiterating buy/outperform ratings and several raising price targets, including Wedbush’s $445 target, signaling continued confidence in Alphabet’s long-term earnings power and AI/cloud growth. Finviz
- Positive Sentiment: Bank of America said Alphabet could beat estimates on strong cloud growth and a larger-than-expected value from its Anthropic stake, which supports the bull case ahead of earnings. Proactive Investors
- Positive Sentiment: Warren Buffett publicly said he initiated Berkshire Hathaway’s Alphabet investment and called the stock more likely to be a winner, which adds a high-profile vote of confidence for investors. CNBC
- Positive Sentiment: Recent institutional filings show major investors like Berkshire Hathaway adding to GOOG/GOOGL positions, reinforcing long-term institutional support for the stock. Quiver Quantitative
- Neutral Sentiment: Alphabet continues rolling out AI-related product updates, including Google Vids avatar tools and new app integrations in AI Mode, which show product momentum but are unlikely to move the stock on their own. TechCrunch
- Neutral Sentiment: A new lobbying disclosure showed Alphabet spending on privacy, competition, and platform-bias issues, which is routine regulatory activity and not a direct earnings driver. Quiver Quantitative
- Negative Sentiment: The European Union ordered Google to open Android and search data to rival AI and search companies, a regulatory move that could weaken Alphabet’s competitive moat and increase compliance pressure. Reuters
- Negative Sentiment: Alphabet is also facing fresh legal and investor scrutiny, including a securities-fraud investigation announcement and a report that its AI search tools may pose safety risks for children, both of which add headline risk. Business Wire
- Negative Sentiment: Recent insider selling has been heavy, with no insider purchases in the last six months, which may weigh on sentiment even if the sales are not necessarily a fundamental red flag. Quiver Quantitative
Alphabet Stock Down 4.4%
Alphabet (NASDAQ:GOOG – Get Free Report) last issued its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $2.43. The company had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the company posted $2.81 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 14.32 earnings per share for the current year.
Alphabet Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet’s dividend payout ratio is presently 6.71%.
Analyst Upgrades and Downgrades
GOOG has been the topic of a number of recent research reports. Stifel Nicolaus set a $420.00 target price on Alphabet in a research note on Wednesday, May 20th. The Goldman Sachs Group reiterated a “buy” rating and issued a $450.00 price target on shares of Alphabet in a research note on Thursday, May 21st. Zacks Research upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Wells Fargo & Company set a $416.00 price objective on shares of Alphabet in a research note on Thursday, July 2nd. Finally, UBS Group set a $430.00 target price on shares of Alphabet in a research note on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $383.44.
Get Our Latest Stock Analysis on GOOG
Insider Activity at Alphabet
In related news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the completion of the transaction, the director directly owned 1,481 shares in the company, valued at approximately $545,941.03. The trade was a 41.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,415 shares of company stock valued at $7,672,279 in the last 90 days. 12.99% of the stock is owned by company insiders.
About Alphabet
Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.
Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.
Recommended Stories
- Five stocks we like better than Alphabet
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG – Free Report).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
