Edgestream Partners L.P. Lowers Stock Position in Alphabet Inc. $GOOG

Edgestream Partners L.P. cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 86.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,941 shares of the information services provider’s stock after selling 25,938 shares during the period. Edgestream Partners L.P.’s holdings in Alphabet were worth $1,131,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Alphabet by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock worth $132,114,125,000 after purchasing an additional 8,128,234 shares during the period. State Street Corp raised its position in Alphabet by 0.5% in the fourth quarter. State Street Corp now owns 187,102,863 shares of the information services provider’s stock valued at $58,712,878,000 after purchasing an additional 953,790 shares during the period. Auto Owners Insurance Co raised its position in Alphabet by 38,409.2% in the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock valued at $5,643,262,000 after purchasing an additional 179,369,280 shares during the period. J. Stern & Co. LLP lifted its stake in Alphabet by 28,482.8% during the fourth quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock worth $35,174,429,000 after purchasing an additional 111,699,704 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Alphabet by 1.1% during the fourth quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider’s stock worth $31,569,189,000 after purchasing an additional 1,073,151 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Strong earnings and AI spending outlook: Alphabet’s latest results showed revenue growth of 24.2% year over year and substantially exceeded analyst expectations. Reports highlighted Google Cloud revenue rising 82% to $24.8 billion, a 35.6% operating margin and a record $514 billion backlog, supporting the argument that AI infrastructure spending is translating into demand. Alphabet’s AI Spending Finally Makes Sense
• Positive Sentiment: Growing confidence in AI leadership: Google DeepMind commentary suggested the industry may be entering a new stage of AI development, while broader hyperscaler earnings renewed investor appetite for AI-related stocks, including Alphabet. Analysts and growth-stock commentary remain broadly constructive, with multiple buy or overweight ratings and a reported median price target above current trading levels. Google DeepMind Says the Next Stage of AI May Already Be Starting
• Positive Sentiment: Waymo provides an additional growth narrative: An analysis cited by media reports found Waymo robotaxis crashed 68% less often than human drivers. Improved safety could support the long-term commercial expansion and valuation of Alphabet’s autonomous-driving business. Waymo robotaxis found to crash 68% less often than human drivers
• Positive Sentiment: Institutional support: Massachusetts Financial Services reportedly increased its Alphabet position by approximately 23%, adding more than five million shares. That purchase reinforced the perception that professional investors view Alphabet’s AI and cloud prospects favorably. Massachusetts Financial Services fund update
• Neutral Sentiment: Regulatory discussions ahead: Google representatives are expected to meet with the White House, Anthropic and OpenAI to discuss a proposed AI oversight framework. The meeting could provide clarity but also highlights potential future compliance costs and restrictions. AI giants to meet with White House
• Negative Sentiment: Cloud competition remains a risk: Microsoft continues to lead Alphabet in cloud market share, potentially limiting Google Cloud’s ability to convert its strong backlog into sustained market-share gains. Microsoft Races Ahead of Google in the Cloud
• Negative Sentiment: AI product-control concerns: Google reportedly rolled back an AI feature in Google Earth after users generated fake satellite imagery, raising questions about product safeguards, reputational risk and the pace of AI deployment. For a Day, Google Made It Easy to Spoof Satellite Imagery

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Truist Financial lowered their price target on Alphabet from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Pivotal Research boosted their price objective on Alphabet from $470.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. DA Davidson decreased their target price on Alphabet from $375.00 to $350.00 and set a “neutral” rating on the stock in a research note on Thursday, July 23rd. Zacks Research raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Phillip Securities raised Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 27th. Seven research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $410.09.

Alphabet Stock Performance

Shares of Alphabet stock opened at $372.47 on Tuesday. The firm has a market capitalization of $4.56 trillion, a P/E ratio of 18.71, a P/E/G ratio of 1.00 and a beta of 1.23. Alphabet Inc. has a 52 week low of $190.92 and a 52 week high of $404.47. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $355.68 and its two-hundred day moving average is $338.20.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.87 by $6.24. The business had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company’s revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.31 EPS. Research analysts forecast that Alphabet Inc. will post 20.51 EPS for the current fiscal 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 dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is currently 4.42%.

Insider Activity at Alphabet

In other Alphabet news, 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 stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 600,547 shares of company stock valued at $16,255,540 over the last quarter. 12.99% of the stock is owned by insiders.

Alphabet Profile

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.