Chicago Partners Investment Group LLC Raises Stock Position in Alphabet Inc. $GOOG

Key Points

• Chicago Partners Investment Group increased its Alphabet stake by 4.5% in the first quarter, buying 3,461 more shares and bringing its total to 79,616 shares worth about $22.8 million.
• Institutional interest in Alphabet remains strong overall, with hedge funds and other investors making additional buys and institutions now holding about 27.26% of the company’s stock.
• Alphabet continues to attract bullish analyst coverage and positive business momentum, but it also faces some headline risks, including EU regulatory pressure and fresh legal/investor scrutiny.

Chicago Partners Investment Group LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 79,616 shares of the information services provider's stock after purchasing an additional 3,461 shares during the quarter. Chicago Partners Investment Group LLC's holdings in Alphabet were worth $22,839,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in GOOG. Kellett Wealth Advisors LLC grew its stake in Alphabet by 11.3% during the 1st quarter. Kellett Wealth Advisors LLC now owns 2,993 shares of the information services provider's stock worth $858,000 after purchasing an additional 305 shares in the last quarter. Parr Mcknight Wealth Management Group LLC raised its position in Alphabet by 4.6% in the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 1,368 shares of the information services provider's stock valued at $392,000 after purchasing an additional 60 shares in the last quarter. Cdkv Holdings LLC boosted its stake in shares of Alphabet by 8.0% in the 1st quarter. Cdkv Holdings LLC now owns 2,112 shares of the information services provider's stock valued at $606,000 after buying an additional 156 shares during the period. Vantage Point Financial LLC boosted its stake in shares of Alphabet by 58.2% in the 1st quarter. Vantage Point Financial LLC now owns 6,742 shares of the information services provider's stock valued at $1,934,000 after buying an additional 2,479 shares during the period. Finally, Uptick Partners LLC grew its position in shares of Alphabet by 4.7% during the first quarter. Uptick Partners LLC now owns 7,119 shares of the information services provider's stock worth $2,042,000 after buying an additional 322 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street sentiment remains broadly bullish, with multiple firms reiterating buy/outperform ratings and several raising price targets, including Wedbush’s $445 target, signaling continued confidence in Alphabet’s long-term earnings power and AI/cloud growth. Finviz
• Positive Sentiment: Bank of America said Alphabet could beat estimates on strong cloud growth and a larger-than-expected value from its Anthropic stake, which supports the bull case ahead of earnings. Proactive Investors
• Positive Sentiment: Warren Buffett publicly said he initiated Berkshire Hathaway’s Alphabet investment and called the stock more likely to be a winner, which adds a high-profile vote of confidence for investors. CNBC
• Positive Sentiment: Recent institutional filings show major investors like Berkshire Hathaway adding to GOOG/GOOGL positions, reinforcing long-term institutional support for the stock. Quiver Quantitative
• Neutral Sentiment: Alphabet continues rolling out AI-related product updates, including Google Vids avatar tools and new app integrations in AI Mode, which show product momentum but are unlikely to move the stock on their own. TechCrunch
• Neutral Sentiment: A new lobbying disclosure showed Alphabet spending on privacy, competition, and platform-bias issues, which is routine regulatory activity and not a direct earnings driver. Quiver Quantitative
• Negative Sentiment: The European Union ordered Google to open Android and search data to rival AI and search companies, a regulatory move that could weaken Alphabet’s competitive moat and increase compliance pressure. Reuters
• Negative Sentiment: Alphabet is also facing fresh legal and investor scrutiny, including a securities-fraud investigation announcement and a report that its AI search tools may pose safety risks for children, both of which add headline risk. Business Wire
• Negative Sentiment: Recent insider selling has been heavy, with no insider purchases in the last six months, which may weigh on sentiment even if the sales are not necessarily a fundamental red flag. Quiver Quantitative

Analyst Ratings Changes

GOOG has been the subject of a number of recent research reports. Wells Fargo & Company set a $416.00 price target on shares of Alphabet in a research note on Thursday, July 2nd. Citigroup reissued a "market outperform" rating on shares of Alphabet in a research report on Monday, June 22nd. Truist Financial set a $430.00 price objective on shares of Alphabet in a report on Monday, June 1st. Oppenheimer lifted their price objective on shares of Alphabet from $425.00 to $445.00 and gave the stock an "outperform" rating in a research report on Friday, May 15th. Finally, Wedbush started coverage on shares of Alphabet in a research note on Thursday. They set an "outperform" rating and a $445.00 target price for the company. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $383.44.

Alphabet Stock Performance

Shares of Alphabet stock opened at $353.81 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 52 week low of $181.50 and a 52 week high of $404.47. The firm's 50 day moving average is $367.31 and its two-hundred day moving average is $336.58. The firm has a market capitalization of $4.29 trillion, a P/E ratio of 26.99, a P/E/G ratio of 1.58 and a beta of 1.23.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter in the previous year, the firm earned $2.81 EPS. The company's revenue was up 21.8% compared to the same quarter last year. Research analysts forecast that Alphabet Inc. will post 14.32 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 8th. Alphabet's dividend payout ratio is presently 6.71%.

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 112 shares of the company's stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total value of $39,343.36. Following the completion of the transaction, the director owned 18,833 shares in the company, valued at $6,615,656.24. This represents a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm's stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The SEC filing for this sale provides additional information. Insiders sold 159,415 shares of company stock valued at $7,672,279 over the last quarter. 12.99% of the stock is owned by corporate insiders.

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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