Reynders McVeigh Capital Management LLC Acquires 2,108 Shares of Alphabet Inc. $GOOG

Reynders McVeigh Capital Management LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.3% in the second quarter, HoldingsChannel reports. The fund owned 159,384 shares of the information services provider’s stock after purchasing an additional 2,108 shares during the quarter. Alphabet makes up about 2.3% of Reynders McVeigh Capital Management LLC’s portfolio, making the stock its 15th largest holding. Reynders McVeigh Capital Management LLC’s holdings in Alphabet were worth $56,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC bought a new stake in Alphabet during the second quarter valued at about $29,000. Lifetime Wealth Management P.C. purchased a new stake in shares of Alphabet during the fourth quarter worth about $38,000. Bard Associates Inc. purchased a new stake in shares of Alphabet during the fourth quarter worth about $41,000. Timbuktu Capital Management LLC bought a new stake in Alphabet during the 2nd quarter valued at approximately $46,000. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in Alphabet during the 4th quarter valued at approximately $63,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on GOOG shares. Canaccord Genuity Group set a $450.00 price target on Alphabet in a research note on Thursday, July 23rd. The Goldman Sachs Group reiterated a “buy” rating and set a $450.00 price objective on shares of Alphabet in a research report on Thursday, May 21st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. KeyCorp set a $445.00 price objective on shares of Alphabet in a research report on Friday, July 10th. Finally, HSBC set a $515.00 target price on Alphabet in a report on Friday, August 14th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $415.55.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Waymo expansion adds a new growth avenue. Alphabet’s autonomous-driving unit launched public robotaxi rides in Las Vegas and announced plans with Japanese partners to target a fully autonomous commercial taxi service in Tokyo in 2027. The developments support the long-term monetization potential of Alphabet’s “Other Bets” portfolio. Waymo, Japanese partners target driverless taxi service in Tokyo in 2027
• Positive Sentiment: Cloud demand and AI infrastructure remain key bullish arguments. Analysts and market commentators highlighted Alphabet’s roughly $500 billion cloud backlog, rapid cloud growth and major AI infrastructure investments. These trends could support sustained revenue growth, although they also require substantial capital spending. Alphabet Has 50% Upside and the Cheapest Multiple of the Big Six
• Neutral Sentiment: Alphabet is discussing AI safety cooperation with OpenAI and Anthropic. The companies are considering common approaches and standards for managing catastrophic AI risks. Collaboration could reduce regulatory uncertainty, but the broader safety debate may also lead to slower model development or tighter oversight. OpenAI, Google, Anthropic discussing collaboration on AI safety issues
• Negative Sentiment: Potential AI regulation is weighing on sentiment. Proposed legislation could give U.S. regulators authority to block or restrict frontier AI models, creating risks for Alphabet’s AI product roadmap and the value of its cloud backlog. Citi also warned that AI safety concerns could slow industry development. Senate’s Proposed AI Kill Switch Could Give Washington Veto Power Over Google’s Frontier Models
• Negative Sentiment: Macro pressure and search-economics concerns are limiting upside. Higher Treasury yields, rising crude prices and expectations for another Federal Reserve rate increase pressured technology valuations. Separately, stable Google traffic has not eliminated concerns that AI challengers could weaken search monetization and advertising economics. Why is Alphabet stock falling today?

Alphabet Trading Down 1.2%

GOOG traded down $4.28 during trading on Tuesday, hitting $341.43. 13,330,766 shares of the stock were exchanged, compared to its average volume of 20,716,189. The firm has a 50 day simple moving average of $344.38 and a 200 day simple moving average of $342.10. Alphabet Inc. has a 1 year low of $236.68 and a 1 year high of $404.47. The firm has a market cap of $4.18 trillion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 0.97 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $116.53 billion. During the same quarter in the previous year, the company earned $2.31 earnings per share. The company’s quarterly revenue was up 24.2% on a year-over-year basis. As a group, equities analysts expect that Alphabet Inc. will post 20.52 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were given 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 was Friday, September 4th. Alphabet’s dividend payout ratio is 4.42%.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 82 shares of the company’s stock in a transaction that occurred on 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 directly owned 18,995 shares in the company, valued at approximately $6,414,801.45. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares of the company’s stock, valued at $9,125,015.20. This trade represents a 1.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 450,875 shares of company stock worth $11,984,482. Insiders own 12.99% of the company’s stock.

Alphabet 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.