Addenda Capital Inc. Has $61.41 Million Holdings in Alphabet Inc. $GOOG

Key Points

• Addenda Capital reduced its Alphabet position by 5.8% in the second quarter, selling 10,688 shares and retaining 173,791 shares valued at approximately $61.4 million.
• Alphabet reported strong quarterly results, with revenue up 24.2% year over year to $119.8 billion and earnings substantially exceeding analyst expectations. Analysts maintain a consensus “Buy” rating with an average price target of $415.55.
• AI expansion and Google Cloud growth remain key bullish catalysts, while heavy AI-related capital spending, higher Treasury yields and ongoing regulatory concerns continue to pose risks.

Addenda Capital Inc. lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 173,791 shares of the information services provider's stock after selling 10,688 shares during the period. Alphabet comprises about 2.1% of Addenda Capital Inc.'s portfolio, making the stock its 14th biggest position. Addenda Capital Inc.'s holdings in Alphabet were worth $61,406,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GOOG. Castlekeep Investment Advisors LLC acquired a new stake in Alphabet in the second quarter worth $29,000. Imprint Wealth LLC bought a new position in Alphabet in the 3rd quarter valued at about $31,000. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet in the fourth quarter valued at approximately $38,000. Bard Associates Inc. purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $41,000. Finally, Toth Financial Advisory Corp purchased a new position in shares of Alphabet during the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s AI expansion remains the main bullish catalyst. WeatherNext 3 is being integrated into Search, Maps and Gemini, while new voice-driven Gemini features are rolling out in Gmail, Docs and Keep, creating potential for broader user engagement and monetization. Alphabet Just Gave Search, Maps and Gemini a New AI Advantage
• Positive Sentiment: Analyst optimism is building around Google Cloud, AI services, hardware and long-term earnings growth. Wolfe Research named Alphabet a top pick for 2027, while other coverage highlights strong recent Cloud growth and a median price target well above current trading levels. Alphabet Stock Opinions on Strong Cloud Growth Prospects
• Positive Sentiment: A federal judge declined to force a breakup of Google’s ad-technology business, reducing the most severe regulatory risk, although operational restrictions remain. The decision also supports Alphabet’s ability to retain its existing ad-tech infrastructure. Google Spared From Ad-Business Breakup
• Neutral Sentiment: Alphabet’s clean-energy partnerships, including Google-backed battery storage and geothermal projects, strengthen power availability for data centers but are unlikely to materially affect near-term earnings. Google’s New Energy Project Gives Eos Energy a Key Technology Validation
• Negative Sentiment: Investors remain concerned that Alphabet’s roughly $44.9 billion quarterly capital expenditure pushed free cash flow negative for the first time since its IPO. The spending may support future AI and Cloud returns, but it increases execution risk and weighs on near-term valuation. 3 Stocks Built for Higher Rates
• Negative Sentiment: Stronger-than-expected employment data lifted Treasury yields and reduced expectations for near-term rate cuts, pressuring large technology stocks. Alphabet also faces investor concern over delayed Gemini releases, ongoing ad-tech remedies, and shareholder securities-fraud investigations. Securities Fraud Investigation Into Alphabet

Alphabet Trading Down 1.1%

Shares of NASDAQ GOOG opened at $335.31 on Friday. Alphabet Inc. has a 1 year low of $232.38 and a 1 year high of $404.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The firm has a 50-day moving average of $346.96 and a 200 day moving average of $340.71. The stock has a market cap of $4.10 trillion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 0.98 and a beta of 1.21.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, beating 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 analyst estimates of $116.53 billion. During the same period last year, the business earned $2.31 EPS. Alphabet's revenue was up 24.2% compared to the same quarter last year. As a group, sell-side analysts expect that Alphabet Inc. will post 20.5 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders 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 payout ratio is currently 4.42%.

Insider Buying and Selling at Alphabet

In related news, insider Kent Walker sold 8,998 shares of Alphabet stock in a transaction on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 451,925 shares of company stock valued at $12,371,544 over the last three months. Insiders own 12.99% of the company's stock.

Analysts Set New Price Targets

GOOG has been the subject of several analyst reports. Raymond James Financial reiterated a "strong-buy" rating on shares of Alphabet in a research note on Thursday, July 23rd. Oppenheimer reaffirmed an "outperform" rating and issued a $400.00 price target (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Alphabet in a research report on Friday, July 17th. Freedom Capital upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. Finally, Stifel Nicolaus set a $420.00 price objective on Alphabet in a report on Wednesday, May 20th. Six 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $415.55.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.