Alphabet Inc. $GOOG Shares Acquired by Wealthfront Advisers LLC

Key Points

• Wealthfront Advisers increased its Alphabet stake by 4% in the second quarter, adding 25,368 shares to hold 655,174 shares valued at approximately $231.5 million. Institutional investors and hedge funds collectively own 27.26% of Alphabet.
• Alphabet reported strong quarterly results, with revenue rising 24.2% year over year to $119.8 billion and EPS of $9.11, well above the $2.87 analyst consensus. Analysts maintain a consensus “Buy” rating with an average price target of $415.55.
• Alphabet declared a quarterly dividend of $0.22 per share, implying an annualized yield of 0.3%, while insiders have sold roughly 451,945 shares worth $12.4 million over the past 90 days.

Wealthfront Advisers LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 655,174 shares of the information services provider's stock after purchasing an additional 25,368 shares during the quarter. Alphabet makes up approximately 0.4% of Wealthfront Advisers LLC's investment portfolio, making the stock its 20th largest position. Wealthfront Advisers LLC's holdings in Alphabet were worth $231,493,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GOOG. Vanguard Group Inc. grew its holdings in Alphabet by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider's stock valued at $132,114,125,000 after buying an additional 8,128,234 shares in the last quarter. BlackRock Inc. boosted its position in shares of Alphabet by 1.4% during the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock valued at $130,704,718,000 after acquiring an additional 5,164,200 shares during the last quarter. State Street Corp boosted its position in shares of Alphabet by 0.5% during the 4th quarter. State Street Corp now owns 187,102,863 shares of the information services provider's stock valued at $58,712,878,000 after acquiring an additional 953,790 shares during the last quarter. Auto Owners Insurance Co increased its position in 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 purchasing an additional 179,369,280 shares during the last quarter. Finally, J. Stern & Co. LLP raised 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 during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Down 0.4%

GOOG opened at $343.34 on Wednesday. Alphabet Inc. has a 12 month low of $206.39 and a 12 month high of $404.47. The stock has a market capitalization of $4.20 trillion, a price-to-earnings ratio of 17.24, a PEG ratio of 0.97 and a beta of 1.23. 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 business has a fifty day moving average price of $349.34 and a 200 day moving average price of $339.79.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. During the same quarter last year, the company earned $2.31 EPS. Alphabet's revenue for the quarter was up 24.2% compared to the same quarter last year. Sell-side analysts expect 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. Investors of record on Monday, September 7th will be paid a dividend of $0.22 per share. The ex-dividend date is 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%.

Insiders Place Their Bets

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the sale, the chief accounting officer directly owned 27,386 shares in the company, valued at $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the sale, the director owned 1,481 shares of the company's stock, valued at approximately $545,941.03. The trade was a 41.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 451,945 shares of company stock worth $12,382,714. 12.99% of the stock is owned by corporate insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Enterprise AI expansion: Google launched Gemini Enterprise solutions for financial-services companies and law firms, including specialized agents, workflow tools, data connectors and third-party integrations. The products could support Google Cloud growth and deepen Alphabet’s competition with Microsoft, OpenAI and Anthropic in high-value enterprise markets. Google expands Gemini AI platform for law firms and lawyers
• Positive Sentiment: Waymo moves into Europe: Alphabet’s autonomous-driving unit will begin testing vehicles in Munich and plans to launch commercial driverless rides in Germany in 2027. Germany would be Waymo’s first European market and its third international market, expanding a potential long-term growth business. Waymo to launch driverless rides in Germany in 2027
• Positive Sentiment: AI infrastructure optimism: Reports that Google’s TPU shipments could nearly triple to 8.8 million by 2027 reinforce expectations that Alphabet can reduce reliance on Nvidia and potentially expand Google Cloud’s AI capacity and margins. Analysts and investment commentary also highlighted strong Cloud growth, improving profitability and continued Search and YouTube momentum. Google TPU volume could triple to 8.8 million by 2027
• Neutral Sentiment: Mixed market signals: U.S. consumer-confidence and new-home-sales misses pressured the broader market, while reports of billionaire and institutional interest in Alphabet provided a counterweight. A reported increase in short interest was not meaningful because the filing showed zero shares in both periods.
• Negative Sentiment: Investor investigation: Pomerantz LLP said it is investigating potential claims on behalf of Alphabet investors. The notice provided no substantive allegations, but securities-law investigations can add headline and litigation risk. Pomerantz investor alert
• Negative Sentiment: Capital-allocation concerns: Commentary flagged potentially negative free cash flow as Alphabet spends heavily on AI infrastructure. Separately, Virginia Retirement Systems reportedly reduced its GOOGL position by about 33%, an isolated institutional-selling signal that may weigh on sentiment.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GOOG. Royal Bank Of Canada restated a "buy" rating and set a $475.00 price target on shares of Alphabet in a report on Thursday, July 23rd. HSBC set a $515.00 price objective on Alphabet in a research report on Friday, August 14th. Phillip Securities raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 27th. Scotiabank reiterated an "outperform" rating and set a $450.00 price target (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Finally, UBS Group reissued a "neutral" rating and issued a $379.00 price target (down from $400.00) on shares of Alphabet in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price 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.

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