Alphabet Inc. $GOOG Shares Bought by ICONIQ Capital LLC

Key Points

• ICONIQ Capital increased its Alphabet stake by 3,688.1% in the second quarter, acquiring 192,078 additional shares to hold 197,286 shares valued at approximately $69.7 million.
• Alphabet reported strong quarterly results, with revenue up 24.2% year over year to $119.8 billion and earnings per share of $9.11, significantly exceeding analyst expectations.
• Analysts remain broadly bullish, with a consensus “Buy” rating and a $415.55 price target, although insiders sold $12.4 million of stock over the past 90 days and heavy AI-related capital spending is pressuring free cash flow.

ICONIQ Capital LLC raised its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3,688.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 197,286 shares of the information services provider's stock after purchasing an additional 192,078 shares during the quarter. Alphabet comprises approximately 2.1% of ICONIQ Capital LLC's holdings, making the stock its 8th biggest holding. ICONIQ Capital LLC's holdings in Alphabet were worth $69,707,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Providence Wealth Advisors LLC lifted its holdings in shares of Alphabet by 0.3% during the 1st quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider's stock valued at $3,094,000 after acquiring an additional 29 shares in the last quarter. One Charles Private Wealth Services LLC raised its stake in shares of Alphabet by 0.6% in the 1st quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider's stock valued at $1,390,000 after purchasing an additional 29 shares in the last quarter. Wisconsin Wealth Advisors LLC lifted its holdings in Alphabet by 1.3% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider's stock worth $785,000 after buying an additional 29 shares during the last quarter. Cannon Financial Strategists Inc. boosted its holdings in Alphabet by 1.9% in the fourth quarter. Cannon Financial Strategists Inc. now owns 1,589 shares of the information services provider's stock worth $499,000 after purchasing an additional 30 shares during the period. Finally, Financial Enhancement Group LLC grew its position in shares of Alphabet by 2.3% during the 1st quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider's stock valued at $380,000 after buying an additional 30 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John 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 sale, the director directly owned 1,481 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Kent Walker sold 8,998 shares of Alphabet stock in a transaction on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the completion of the sale, the insider directly owned 75,290 shares of the company's stock, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 451,925 shares of company stock worth $12,371,544 in the last ninety days. Insiders own 12.99% of the company's stock.

Trending Headlines about Alphabet

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on GOOG. Stifel Nicolaus set a $420.00 target price on Alphabet in a research note on Wednesday, May 20th. Roth Capital increased their price objective on shares of Alphabet from $435.00 to $440.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Wolfe Research reiterated an "outperform" rating on shares of Alphabet in a research note on Thursday, August 27th. Barclays restated an "overweight" rating and issued a $425.00 target price (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada reiterated a "buy" rating and set a $475.00 price target on shares of Alphabet in a research report 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 issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $415.55.

Alphabet Trading Down 1.1%

NASDAQ GOOG opened at $335.31 on Friday. The firm's 50 day moving average price is $346.96 and its two-hundred day moving average price is $340.71. The stock has a market cap of $4.10 trillion, a price-to-earnings ratio of 16.84, a PEG ratio of 0.98 and a beta of 1.21. 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 Inc. has a twelve month low of $232.38 and a twelve month high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $116.53 billion. During the same quarter in the previous year, the business posted $2.31 EPS. The business's revenue for the quarter was up 24.2% on a year-over-year basis. Equities analysts anticipate that Alphabet Inc. will post 20.5 EPS for the current year.

Alphabet Announces Dividend

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

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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