Wellington Grp LLC Buys 1,551 Shares of Alphabet Inc. $GOOG

Wellington Grp LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 10.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,911 shares of the information services provider’s stock after purchasing an additional 1,551 shares during the period. Alphabet accounts for approximately 1.4% of Wellington Grp LLC’s holdings, making the stock its 16th biggest position. Wellington Grp LLC’s holdings in Alphabet were worth $5,622,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Advus Financial Partners LLC increased its holdings in shares of Alphabet by 1.8% in the second quarter. Advus Financial Partners LLC now owns 3,808 shares of the information services provider’s stock worth $1,345,000 after purchasing an additional 69 shares during the last quarter. Kirkwood Financial Services bought a new position in Alphabet during the second quarter valued at approximately $217,000. Groupe la Francaise grew its holdings in Alphabet by 1.4% during the 2nd quarter. Groupe la Francaise now owns 421,116 shares of the information services provider’s stock valued at $148,861,000 after buying an additional 5,648 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Alphabet during the 2nd quarter valued at approximately $360,856,000. Finally, Serenity Investment Advisors increased its stake in Alphabet by 3.0% in the 2nd quarter. Serenity Investment Advisors now owns 1,457 shares of the information services provider’s stock worth $493,000 after acquiring an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Alphabet from $460.00 to $420.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Phillip Securities upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 27th. DZ Bank upgraded Alphabet to a “strong-buy” rating in a research report on Thursday, July 23rd. Piper Sandler reissued an “overweight” rating and issued a $395.00 price objective (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company dropped their target price on Alphabet from $418.00 to $411.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $415.55.

Alphabet Trading Up 0.6%

Shares of NASDAQ GOOG opened at $330.39 on Friday. Alphabet Inc. has a twelve month low of $236.58 and a twelve month high of $404.47. The firm has a market cap of $4.04 trillion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 0.95 and a beta of 1.21. The business has a fifty day simple moving average of $345.18 and a two-hundred day simple moving average of $341.69. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. During the same quarter last year, the firm posted $2.31 earnings per share. The business’s revenue for the quarter was up 24.2% on a year-over-year basis. Analysts expect that Alphabet Inc. will post 20.5 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be paid a dividend of $0.22 per share. 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 4.42%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet announced a partnership with Morgan State University to establish an AI campus, potentially expanding long-term talent development, research access and adoption of Google Cloud and Gemini. Alphabet Morgan State University AI partnership
• Positive Sentiment: Google launched a dedicated Gemini app for Windows PCs, making its AI assistant more accessible and increasing the opportunity to drive usage across consumer devices and services. Gemini Windows app
• Positive Sentiment: Alphabet’s planned €13 billion investment in Finnish AI infrastructure, alongside a long-term agreement to purchase power from a nuclear plant, could provide reliable, lower-cost electricity for data centers and support Gemini, Search, Maps and YouTube. Google Finland AI infrastructure investment
• Positive Sentiment: Analysts and investment commentary continue to highlight Alphabet’s cloud growth, more than 20% revenue growth and strong recent earnings as evidence that the company can fund substantial AI investment while maintaining attractive profitability. Alphabet return on invested capital and cloud growth
• Neutral Sentiment: Reported short interest was listed at zero shares, unchanged from the prior report, so the data provide no meaningful evidence of short-covering pressure or growing bearish positioning.
• Negative Sentiment: Investors remain focused on the cost of Alphabet’s AI buildout. Estimates that AI capital expenditures could reach roughly $200 billion have raised concerns about pressure on free cash flow, even though the stock’s valuation is viewed as reasonable. Alphabet AI capital expenditures
• Negative Sentiment: Meta’s new Muse AI agent has renewed concerns that autonomous assistants could bypass traditional search pages and reduce Google search advertising opportunities. ARK Invest’s decision to sell approximately $28 million of Alphabet and buy Meta added to the competitive sentiment. Meta Muse competition
• Negative Sentiment: Potential regulation could increase infrastructure costs: proposed U.S. legislation would require large data-center users to pay the full incremental cost of power-grid upgrades, while Finnish officials have warned that Google’s expansion could strain electricity supply. Data Center Fair Share Act

Insider Activity at Alphabet

In other Alphabet news, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $337.71, for a total value of $27,692.22. Following the transaction, the director owned 18,995 shares in the company, valued at $6,414,801.45. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The SEC filing for this sale provides additional information. Insiders have sold a total of 451,925 shares of company stock valued at $12,371,544 over the last quarter. 12.99% of the stock is owned by corporate insiders.

Alphabet Company Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. It was established in 2015 as part of a corporate restructuring intended to separate Google’s core internet businesses from a collection of other ventures. Google remains Alphabet’s largest business and serves users, advertisers, businesses and developers worldwide.

Google’s principal products and services include its internet search engine, online advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.