6,842 Shares in Alphabet Inc. $GOOGL Acquired by Old Mission Investment Co LLC

Key Points

• Old Mission Investment Co. LLC acquired 6,842 Alphabet shares during the second quarter, valued at approximately $2.45 million. Institutional investors and hedge funds collectively own 40.03% of Alphabet’s stock.
• Alphabet reported strong quarterly results, with EPS of $9.11 versus the $2.89 consensus estimate and revenue of $119.8 billion. The company also pays a quarterly dividend of $0.22 per share, equivalent to a 0.3% yield.
• Analysts maintain a broadly bullish view, with a consensus “Buy” rating and average price target of $422.16 versus the reported share price of $347.33. However, AI infrastructure spending, regulatory remedies and higher interest rates remain key risks.

Old Mission Investment Co LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,842 shares of the information services provider's stock, valued at approximately $2,445,000.

Other large investors have also recently bought and sold shares of the company. EMC Capital Management acquired a new stake in shares of Alphabet during the fourth quarter valued at $33,000. Lifetime Wealth Management P.C. acquired a new position in Alphabet in the 4th quarter valued at about $32,000. Bard Associates Inc. purchased a new position in Alphabet in the 4th quarter valued at about $52,000. Graney & King LLC lifted its holdings in Alphabet by 38.5% in the 2nd quarter. Graney & King LLC now owns 180 shares of the information services provider's stock valued at $64,000 after purchasing an additional 50 shares in the last quarter. Finally, Van Den Berg Management I Inc. boosted its stake in shares of Alphabet by 319.6% during the 1st quarter. Van Den Berg Management I Inc. now owns 214 shares of the information services provider's stock worth $61,000 after purchasing an additional 163 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Price Performance

Shares of Alphabet stock opened at $347.33 on Friday. Alphabet Inc. has a twelve month low of $235.84 and a twelve month high of $408.61. The stock has a market capitalization of $4.25 trillion, a P/E ratio of 17.45, a PEG ratio of 0.99 and a beta of 1.22. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The business's fifty day moving average price is $345.35 and its 200 day moving average price is $344.88.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.89 by $6.22. The company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. As a group, research analysts anticipate that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's payout ratio is presently 4.42%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Piper Sandler reissued an "overweight" rating and set a $395.00 price objective (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Citizens Jmp reissued a "market outperform" rating and set a $515.00 price target on shares of Alphabet in a research note on Wednesday, July 22nd. Wall Street Zen downgraded Alphabet from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. DZ Bank upgraded Alphabet to a "strong-buy" rating in a research report on Thursday, July 23rd. Finally, DA Davidson set a $350.00 price target on Alphabet and gave the stock a "neutral" rating in a research note on Thursday, July 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $422.16.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google avoided an ad-tech breakup. A federal judge ordered behavioral remedies, including changes to auction rules, data sharing and an antitrust monitor, but rejected the Justice Department’s request to split up the business. The decision limits the immediate threat to Alphabet’s advertising revenue, although the company plans to appeal. Judge Orders Data Sharing and Other Fixes to Solve Google's Ad Tech Monopoly
• Positive Sentiment: AI infrastructure momentum remains strong. Alphabet and Blackstone’s Crux AI cloud venture is reportedly receiving a $22 billion chip loan from a group of banks, supporting purchases of Google’s tensor processing units and potential expansion of cloud capacity. Banks provide $22 billion chip loan to Blackstone, Alphabet cloud venture
• Positive Sentiment: New AI partnerships broaden Alphabet’s commercial opportunity. Google is working with the United Nations to make global data more accessible to AI agents, while retailers including Coach and Kate Spade can enable shopping through Gemini and Google Search. Google DeepMind also launched an institute focused on advancing the AGI debate. UN turns to Google to make its global data ready for AI agents
• Positive Sentiment: Cloud and other growth businesses support the bullish case. Commentary highlighted Google Cloud’s rapid growth, a large backlog and strong cash generation. Waymo’s restarted San Antonio robotaxi service and a new Google-Nvidia-Emerald AI energy alliance also point to longer-term opportunities in autonomous transport and data-center infrastructure. The Biggest Catalyst for Alphabet Stock May Not Be Search
• Neutral Sentiment: Market conditions could remain challenging. The Federal Reserve’s 25-basis-point rate increase raises the discount rate applied to long-duration technology stocks, though Alphabet’s substantial cash flow and strong balance sheet may provide some protection.
• Negative Sentiment: AI spending and regulation remain key risks. Analysts noted that heavy investment in AI infrastructure is pressuring free cash flow, while the ad-tech remedies could still reduce auction flexibility and expose Alphabet to ongoing compliance costs. GOOGL Down 7% in the Past 3 Months

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $337.71, for a total transaction of $27,692.22. Following the transaction, the director directly owned 18,995 shares of the company's stock, valued at $6,414,801.45. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 450,875 shares of company stock worth $11,984,482. 11.61% of the stock is currently owned by company insiders.

Alphabet Company Profile

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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