Dynamic Advisor Solutions LLC Raises Stock Holdings in Alphabet Inc. $GOOG

Dynamic Advisor Solutions LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOG) by 7.1% during the 2nd quarter, Holdings Channel reports. The firm owned 67,475 shares of the information services provider’s stock after buying an additional 4,466 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Alphabet were worth $23,841,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GOOG. McNaughton Wealth Management LLC purchased a new position in Alphabet in the 2nd quarter valued at about $211,000. GK Wealth Management LLC increased its stake in Alphabet by 530.5% during the 2nd quarter. GK Wealth Management LLC now owns 6,759 shares of the information services provider’s stock worth $2,388,000 after buying an additional 5,687 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Alphabet by 9.8% during the second quarter. GAMMA Investing LLC now owns 135,341 shares of the information services provider’s stock valued at $47,820,000 after acquiring an additional 12,040 shares during the last quarter. Grant Private Wealth Management Inc lifted its position in shares of Alphabet by 11.3% in the second quarter. Grant Private Wealth Management Inc now owns 12,027 shares of the information services provider’s stock valued at $4,250,000 after acquiring an additional 1,222 shares in the last quarter. Finally, Crescent Sterling Ltd. acquired a new stake in shares of Alphabet in the second quarter worth approximately $412,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of research reports. Truist Financial decreased their price objective on Alphabet from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Morgan Stanley decreased their price target on shares of Alphabet from $415.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Phillip Securities upgraded shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 27th. Canaccord Genuity Group set a $450.00 price target on Alphabet in a research report on Thursday, July 23rd. Finally, Wedbush began coverage on Alphabet in a research report on Thursday, July 16th. They set an “outperform” rating and a $445.00 price objective on the stock. Seven investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Buy” and a consensus price target of $410.09.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the transaction, the director owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. This represents a 41.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 600,547 shares of company stock worth $16,255,540 over the last ninety days. Company insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $360.13 on Thursday. The company’s 50 day simple moving average is $354.99 and its 200-day simple moving average is $338.67. 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 Inc. has a 1 year low of $194.47 and a 1 year high of $404.47. The company has a market capitalization of $4.40 trillion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share 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 firm had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $116.53 billion. During the same quarter last year, the company posted $2.31 EPS. The firm’s quarterly revenue was up 24.2% on a year-over-year basis. As a group, equities research analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is currently 4.42%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is reportedly discussing a potential deal exceeding $1.5 billion with AI coding-agent startup Mechanize. The arrangement could include hiring employees and licensing technology, strengthening Google’s coding-AI capabilities while addressing talent shortages. Google Mechanize deal article
• Positive Sentiment: Alphabet’s recent operating backdrop remains strong: second-quarter revenue reached $119.8 billion, up roughly 24% year over year, while Google Cloud growth and a large backlog support continued AI investment. Analysts cited in the coverage maintain generally bullish long-term views. Alphabet backlog article
• Positive Sentiment: Alphabet recently began selling its custom Tensor Processing Units directly to customers, creating a potential new AI-chip revenue stream alongside its cloud and advertising businesses. Alphabet AI chip article
• Neutral Sentiment: DeepMind CEO Demis Hassabis is moving into Alphabet’s chief scientist role, with the company emphasizing AI safety and long-term research. The shift could improve coordination across research efforts, but investors are uncertain about its near-term effect on product execution. Reuters AI leadership article
• Negative Sentiment: Chief scientist Jeff Dean and researchers including Oriol Vinyals, Quoc Le and Sanjay Ghemawat are leaving to form Discovery Loop, an AI-for-science startup backed by Google. The departures intensified fears of a talent drain and disruption to Gemini and other AI initiatives. CNBC Jeff Dean departure article
• Negative Sentiment: The leadership overhaul comes while the next major Gemini release remains delayed, increasing concern that Alphabet may be falling behind rivals in rapidly advancing AI models. Alphabet AI leadership concerns article
• Negative Sentiment: A U.K. tribunal allowed a $6.7 billion advertiser class action alleging Google abused its market position to proceed, adding legal and potential financial risk. UK advertiser class action article

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.