Alphabet Inc. $GOOG Shares Bought by Chemistry Wealth Management LLC

Key Points

• Chemistry Wealth Management increased its Alphabet stake by 4.6% in the second quarter, adding 4,950 shares to reach 111,444 shares valued at $39.4 million. Alphabet now represents 6.3% of the firm’s portfolio.
• Alphabet reported strong quarterly results, with revenue rising 24.2% year over year to $119.8 billion and EPS of $9.11, well above estimates. The company also declared a quarterly dividend of $0.22 per share.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and average price target of $410.09, although some firms recently lowered their targets. Insiders sold $16.3 million of Alphabet stock over the past 90 days.

Chemistry Wealth Management LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,444 shares of the information services provider's stock after acquiring an additional 4,950 shares during the period. Alphabet makes up 6.3% of Chemistry Wealth Management LLC's portfolio, making the stock its 4th largest holding. Chemistry Wealth Management LLC's holdings in Alphabet were worth $39,376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GOOG. Gerber Kawasaki Wealth & Investment Management raised its holdings in Alphabet by 1.0% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider's stock valued at $86,596,000 after acquiring an additional 2,850 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of Alphabet by 7.5% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 60,739 shares of the information services provider's stock worth $19,060,000 after purchasing an additional 4,239 shares in the last quarter. Violich Capital Management Inc. increased its position in shares of Alphabet by 1.0% during the fourth quarter. Violich Capital Management Inc. now owns 340,776 shares of the information services provider's stock valued at $106,936,000 after purchasing an additional 3,378 shares during the period. Montchanin Asset Management LLC bought a new stake in shares of Alphabet during the first quarter valued at approximately $7,075,000. Finally, Robinhood Asset Management LLC acquired a new position in shares of Alphabet in the fourth quarter valued at $20,337,000. Institutional investors own 27.26% of the company's stock.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the transaction, the director owned 1,481 shares in the company, valued at approximately $545,941.03. The trade was a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business's stock in a transaction that occurred on Monday, July 27th. The stock was 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 600,547 shares of company stock valued at $16,255,540 in the last ninety days. Insiders own 12.99% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on GOOG shares. Wedbush initiated coverage on Alphabet in a research report on Thursday, July 16th. They issued an "outperform" rating and a $445.00 target price for the company. KeyCorp set a $445.00 price objective on shares of Alphabet in a research note on Friday, July 10th. Truist Financial reduced their price objective on shares of Alphabet from $430.00 to $420.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. Cantor Fitzgerald reiterated an "overweight" rating and set a $420.00 target price (down from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, DA Davidson lowered their target price on shares of Alphabet from $375.00 to $350.00 and set a "neutral" rating on the stock in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Alphabet has a consensus rating of "Buy" and an average target price of $410.09.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $353.47 on Friday. 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's fifty day moving average price is $353.94 and its two-hundred day moving average price is $338.96. Alphabet Inc. has a fifty-two week low of $197.46 and a fifty-two week high of $404.47. The stock has a market capitalization of $4.32 trillion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 0.99 and a beta of 1.23.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. 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 during the quarter, compared to analysts' expectations of $116.53 billion. During the same period last year, the business earned $2.31 earnings per share. The business's revenue was up 24.2% on a year-over-year basis. As a group, analysts predict that Alphabet Inc. will post 20.51 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. Investors of record on Monday, September 7th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's dividend payout ratio (DPR) is currently 4.42%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Institutional buying remained supportive. State Street added an estimated 12.7 million shares of Alphabet’s Class A stock, while Mitsubishi UFJ, Lazard and Citizens Financial also increased their Alphabet positions in second-quarter 13F filings. State Street fund update
• Positive Sentiment: Alphabet’s AI and cloud businesses continue to show strong commercial momentum. Gemini reportedly reached 950 million monthly active users, Google Cloud revenue surged 82% in the second quarter, and its backlog reached $514 billion. A new multiyear, $100 million-plus Google Cloud agreement with AI lab Mirendil could add further demand for cloud infrastructure. Google AI and DeepMind report
• Neutral Sentiment: Alphabet is reorganizing its AI leadership. DeepMind chief Demis Hassabis is moving into a broader chief scientist role, while Chief Scientist Jeff Dean is departing after 27 years. The changes could improve long-term research focus but raise concerns about talent retention and execution. Google AI leadership report
• Negative Sentiment: Alphabet launched a roughly $25 billion, 10-part bond offering to finance expanded AI infrastructure spending. Strong demand—reportedly about $115 billion in orders—supports its credit profile, but investors remain concerned that rising capital expenditures and borrowing could reduce returns or increase financial risk. Alphabet bond offering report
• Negative Sentiment: Zacks Research downgraded Alphabet from “strong buy” to “hold,” adding to valuation and near-term sentiment pressure. Separately, several investment managers—including Mawer, First Eagle, Diamond Hill and SCS Capital—reported reductions in Alphabet holdings. Zacks Research
• Negative Sentiment: Alphabet’s planned $15 billion India data-center project faces opposition over water use and wildlife concerns, creating potential regulatory and development hurdles for its infrastructure expansion. Google India data center report

About Alphabet

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source