BNP Paribas Has $129.54 Million Stake in Alphabet Inc. $GOOG

Key Points

• BNP Paribas reduced its Alphabet stake by 5.7% in the second quarter, selling 22,129 shares and retaining 367,558 shares valued at approximately $129.54 million. Alphabet remains BNP Paribas’ seventh-largest holding and represents about 3.5% of its portfolio.
• Institutional sentiment was mixed, with some investors substantially increasing their positions; institutional investors collectively own 27.26% of Alphabet. Analysts maintain a consensus “Buy” rating with an average price target of $415.55.
• Alphabet reported strong quarterly results, including 24.2% year-over-year revenue growth to $119.8 billion and earnings that exceeded estimates. Shares opened at $333.78, while the company also announced a quarterly dividend of $0.22 per share.

BNP Paribas lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 367,558 shares of the information services provider's stock after selling 22,129 shares during the quarter. Alphabet comprises about 3.5% of BNP Paribas' investment portfolio, making the stock its 7th biggest holding. BNP Paribas' holdings in Alphabet were worth $129,542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. Brighton Jones LLC increased its position in shares of Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after purchasing an additional 6,410 shares during the period. Worldquant Millennium Advisors LLC lifted its holdings in shares of Alphabet by 76.2% in the second quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider's stock valued at $330,886,000 after buying an additional 806,681 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Alphabet in the second quarter valued at $658,000. Financial Advisors Network Inc. boosted its stake in Alphabet by 7.7% during the second quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider's stock valued at $1,409,000 after buying an additional 565 shares in the last quarter. Finally, Ausdal Financial Partners Inc. boosted its stake in Alphabet by 10.7% during the second quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider's stock valued at $6,618,000 after buying an additional 3,616 shares in the last quarter. Institutional investors own 27.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Zacks Research cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Canaccord Genuity Group set a $450.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. Cantor Fitzgerald restated an "overweight" rating and set a $420.00 price objective (down from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Royal Bank Of Canada reaffirmed a "buy" rating and issued a $475.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. Finally, UBS Group reiterated a "neutral" rating and issued a $379.00 target price (down from $400.00) on shares of Alphabet in a report on Thursday, July 23rd. Six 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 stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $415.55.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: A federal judge rejected the U.S. Justice Department’s request to force Google to sell its AdX advertising exchange. The ruling removes the most severe breakup risk, although Google must make operational changes to address antitrust concerns. This was the clearest immediate catalyst for Alphabet’s strength. Google defeats US bid to force ad tech sale
• Positive Sentiment: Google launched or prepared to launch Gemini 3.8 Flash, a model designed to improve coding and cybersecurity capabilities. Investors view the release as evidence that Alphabet is narrowing the gap with OpenAI and Anthropic in enterprise AI. Google launches Gemini 3.8 Flash
• Positive Sentiment: Recent reports continue to highlight strong AI demand, cloud revenue growth and expanding infrastructure investment. Alphabet’s latest reported quarter showed 24.2% year-over-year revenue growth and a substantial earnings beat, supporting the view that Cloud and AI can offset pressure on the core advertising business. Alphabet reports strong growth fueled by AI demand and cloud revenue
• Positive Sentiment: Berkshire Hathaway CEO Greg Abel described Alphabet as a significant AI player and explained Berkshire’s decision to make it one of its largest holdings. The endorsement may strengthen investor confidence in Alphabet’s long-term AI strategy. Berkshire CEO discusses Alphabet stake
• Positive Sentiment: Alphabet agreed to purchase roughly 396 megawatts of enhanced-geothermal power from Fervo Energy for a planned Utah data center, with potential expansion toward 1 gigawatt. The agreement supports reliable, lower-carbon electricity for AI infrastructure. Google buys geothermal power from Fervo
• Neutral Sentiment: Waymo expanded paid robotaxi service to Denver, San Diego and Tampa, bringing operations to 14 U.S. cities. The move offers longer-term optionality but is unlikely to materially affect near-term Alphabet earnings. Waymo expands robotaxi service
• Negative Sentiment: The antitrust ruling still found illegal conduct and requires changes to Google’s digital advertising operations, leaving potential compliance costs and future regulatory risk. Judge orders changes to Google ad business
• Negative Sentiment: Analysts and technical commentators warn that GOOG is approaching bear-market territory and testing important support near $323. Concerns about elevated AI capital spending, margin pressure and increasingly intense competition in search advertising could limit further gains.

Alphabet Stock Up 0.5%

Shares of Alphabet stock opened at $333.78 on Thursday. The stock's fifty day moving average is $347.01 and its 200-day moving average is $340.52. The firm has a market capitalization of $4.08 trillion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 0.96 and a beta of 1.21. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $225.12 and a 12-month high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS 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 business had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. During the same period in the prior year, the business posted $2.31 earnings per share. Alphabet's revenue was up 24.2% compared to the same quarter last year. Equities analysts anticipate that Alphabet Inc. will post 20.5 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio is currently 4.42%.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 82 shares of the business's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $337.71, for a total transaction of $27,692.22. Following the sale, the director owned 18,995 shares in the company, valued at $6,414,801.45. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 451,925 shares of company stock valued at $12,371,544. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Company 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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