Alphabet Inc. $GOOG Shares Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank increased its Alphabet stake by 5.6% in the second quarter, acquiring 913,666 additional shares for a total holding of 17.3 million shares worth approximately $6.1 billion.
• Alphabet reported strong quarterly results, with $9.11 in earnings per share and $119.8 billion in revenue, up 24.2% year over year and above analyst expectations.
• Analysts maintain a consensus “Buy” rating with an average price target of $415.55, while Alphabet also announced a quarterly dividend of $0.22 per share.

Deutsche Bank AG boosted its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,313,729 shares of the information services provider's stock after purchasing an additional 913,666 shares during the quarter. Alphabet comprises about 1.8% of Deutsche Bank AG's portfolio, making the stock its 6th biggest holding. Deutsche Bank AG owned approximately 0.14% of Alphabet worth $6,117,460,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GOOG. Auto Owners Insurance Co lifted its holdings in shares of Alphabet by 38,409.2% during the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider's stock worth $5,643,262,000 after buying an additional 179,369,280 shares in the last quarter. J. Stern & Co. LLP boosted its position in shares of Alphabet by 28,482.8% in the fourth quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider's stock valued at $35,174,429,000 after acquiring an additional 111,699,704 shares during the period. Norges Bank acquired a new position in shares of Alphabet in the fourth quarter valued at about $18,093,665,000. Cardano Risk Management B.V. grew its stake in shares of Alphabet by 850.3% in the fourth quarter. Cardano Risk Management B.V. now owns 17,692,600 shares of the information services provider's stock valued at $5,551,938,000 after acquiring an additional 15,830,754 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Alphabet by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider's stock worth $132,114,125,000 after acquiring an additional 8,128,234 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $341.75 on Monday. The stock has a market capitalization of $4.18 trillion, a P/E ratio of 17.16, a PEG ratio of 0.96 and a beta of 1.23. The stock's fifty day moving average is $350.34 and its 200 day moving average is $339.69. Alphabet Inc. has a 52 week low of $202.13 and a 52 week high of $404.47. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. 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 analysts' expectations of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Alphabet's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.31 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Insider Activity

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frances Arnold sold 82 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $333.39, for a total transaction of $27,337.98. Following the sale, the director owned 18,914 shares in the company, valued at $6,305,738.46. This represents a 0.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 451,945 shares of company stock worth $12,382,714. Insiders own 12.99% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. DA Davidson dropped their price objective on shares of Alphabet from $375.00 to $350.00 and set a "neutral" rating for the company in a research note on Thursday, July 23rd. Rosenblatt Securities assumed coverage on shares of Alphabet in a research report on Thursday. They set a "buy" rating on the stock. Pivotal Research raised their target price on shares of Alphabet from $470.00 to $475.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Phillip Securities raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 27th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $400.00 price target (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $415.55.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI infrastructure expansion: Alphabet’s expanded custom-silicon relationship with Marvell covers components connected to Google’s TPU ecosystem, including inference accelerators, networking, storage, and memory products. The agreement gives Alphabet more supply-chain flexibility and supports continued AI capacity growth, although it may increase dependence on multiple chip partners. Jensen Huang Thinks This Chip Stock Could Hit $1 Trillion
• Positive Sentiment: Waymo growth: Alphabet’s autonomous-driving unit received approval to operate thousands of robotaxis in Nevada and has expanded its lower-cost next-generation vehicles to riders in Los Angeles, Phoenix, and San Francisco. Waymo also introduced a custom AI chip designed to reduce reliance on Nvidia and AMD, potentially improving long-term economics. Robotaxi Permits in Nevada
• Positive Sentiment: Investor and analyst support: Berkshire Hathaway significantly increased its Alphabet position, reinforcing the view that the company fits a value-oriented investment strategy. Rosenblatt initiated coverage with a “Buy” rating, while analysts continue to point to resilient Search, fast-growing Cloud, and strong earnings momentum. Berkshire’s Alphabet Investment
• Neutral Sentiment: DeepMind leadership transition: Nobel Prize-winning co-founder Demis Hassabis is moving from day-to-day management to chairman and chief scientist roles, while Koray Kavukcuoglu will oversee operations. The change could improve Alphabet-wide AI coordination, but investors may monitor execution and retention risks. DeepMind Leadership Change
• Negative Sentiment: Firebase enforcement risk: Indian authorities directed Google to remove hundreds of Firebase accounts allegedly used in bank impersonation scams. The action could increase compliance costs and renew concerns about misuse of Alphabet’s platforms. India Orders Removal of Firebase Accounts

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.

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