Corient Private Wealth LP raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 19.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,210,115 shares of the information services provider's stock after acquiring an additional 849,131 shares during the quarter. Alphabet makes up 1.4% of Corient Private Wealth LP's portfolio, making the stock its 15th largest holding. Corient Private Wealth LP's holdings in Alphabet were worth $1,840,879,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Gerber Kawasaki Wealth & Investment Management increased its holdings in Alphabet by 1.0% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider's stock valued at $86,596,000 after purchasing an additional 2,850 shares during the last quarter. Heck Capital Advisors LLC boosted its stake in Alphabet by 298.2% during the 2nd quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider's stock worth $7,854,000 after acquiring an additional 16,647 shares during the last quarter. Violich Capital Management Inc. grew its holdings in 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 acquired a new position in Alphabet during the first quarter valued at approximately $7,075,000. Finally, Sax Wealth Advisors LLC increased its stake in Alphabet by 13.3% in the second quarter. Sax Wealth Advisors LLC now owns 30,489 shares of the information services provider's stock valued at $10,773,000 after purchasing an additional 3,575 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on GOOG shares. Rosenblatt Securities assumed coverage on shares of Alphabet in a report on Thursday, August 20th. They issued a "buy" rating for the company. Wolfe Research reaffirmed an "outperform" rating on shares of Alphabet in a research note on Thursday, August 27th. Oppenheimer reiterated an "outperform" rating and set a $400.00 target price (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. KeyCorp set a $445.00 target price on Alphabet in a research note on Friday, July 10th. Finally, Wells Fargo & Company lowered their price target on Alphabet from $418.00 to $411.00 and set an "overweight" rating for the company in a report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $415.55.
Check Out Our Latest Research Report on Alphabet
Insiders Place Their Bets
In related news, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $337.71, for a total value of $27,692.22. Following the transaction, the director directly owned 18,995 shares of the company's stock, 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 is available through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 451,925 shares of company stock valued at $12,371,544. 12.99% of the stock is currently owned by insiders.
Trending Headlines about Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google DeepMind is reportedly preparing to release Gemini 3.8 Flash as early as this week. Internal testing suggests the model narrows Google’s coding-performance gap with OpenAI and Anthropic, potentially improving Alphabet’s position in enterprise AI and software development. New Google AI Model Said to Narrow Gap on Coding Ability
- Positive Sentiment: Alphabet-owned Waymo launched public robotaxi service in Denver, San Diego and Tampa, expanding its commercial operations to 14 U.S. cities. The rollout strengthens Alphabet’s long-term autonomous-driving opportunity as competition with Amazon’s Zoox and Tesla intensifies. Waymo accelerates robotaxi expansion
- Positive Sentiment: Google signed a 396-megawatt geothermal power agreement with Fervo Energy, supporting reliable, carbon-free electricity for data-center growth and its AI infrastructure strategy. Fervo signs geothermal power deal with Google
- Neutral Sentiment: Berkshire Hathaway made Alphabet its third-largest holding after reducing Bank of America exposure. The move provides a high-profile vote of confidence, but commentary questioning whether Alphabet is fully valued limits its immediate impact. Alphabet becomes Berkshire’s third-largest holding
- Negative Sentiment: Investors remain concerned that Meta’s AI advertising products and OpenAI’s rapidly growing ad business could threaten Google Search’s advertising dominance and future ad growth. Competition threatens Google Search advertising
- Negative Sentiment: Alphabet’s planned AI infrastructure spending—reportedly potentially reaching $205 billion this year—is raising concerns about depreciation, free cash flow and operating margins despite strong cloud and AI-driven revenue growth. Big Tech AI spending and depreciation concerns
- Negative Sentiment: EU regulators are examining Google’s proposed AI-search publisher opt-out, while a reported £260 million U.K. app-store settlement underscores continuing antitrust and regulatory exposure. EU regulators examine Google AI-search opt-out
Alphabet Trading Down 1.0%
Alphabet stock opened at $332.03 on Wednesday. The stock has a 50-day simple moving average of $347.23 and a 200 day simple moving average of $340.34. The stock has a market capitalization of $4.06 trillion, a P/E ratio of 16.68, a PEG ratio of 0.97 and a beta of 1.23. 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 52 week low of $206.96 and a 52 week high of $404.47.
Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.87 by $6.24. The business had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business's revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.31 EPS. Analysts expect that Alphabet Inc. will post 20.5 earnings per share for the current year.
Alphabet Announces Dividend
The business also recently announced 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's payout ratio is presently 4.42%.
About Alphabet
(
Free Report)
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.
Further Reading
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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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