Mmbg Investment Advisors CO. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 318,756 shares of the information services provider's stock after selling 1,597 shares during the period. Alphabet makes up 9.0% of Mmbg Investment Advisors CO.'s holdings, making the stock its 2nd biggest position. Mmbg Investment Advisors CO.'s holdings in Alphabet were worth $113,914,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of GOOGL. West Family Investments Inc. increased its position in Alphabet by 1.9% during the second quarter. West Family Investments Inc. now owns 24,935 shares of the information services provider's stock worth $8,911,000 after acquiring an additional 454 shares during the period. NewEdge Wealth LLC boosted its holdings in Alphabet by 4.6% in the 2nd quarter. NewEdge Wealth LLC now owns 850,206 shares of the information services provider's stock valued at $303,838,000 after purchasing an additional 37,046 shares during the period. Essential Partners LLC boosted its holdings in Alphabet by 10.7% in the 2nd quarter. Essential Partners LLC now owns 1,910 shares of the information services provider's stock valued at $682,000 after purchasing an additional 185 shares during the period. Freedom Investment Management Inc. boosted its stake in shares of Alphabet by 10.5% in the second quarter. Freedom Investment Management Inc. now owns 1,148 shares of the information services provider's stock valued at $410,000 after buying an additional 109 shares during the period. Finally, Empirical Asset Management LLC grew its position in Alphabet by 38.9% during the second quarter. Empirical Asset Management LLC now owns 14,815 shares of the information services provider's stock worth $5,294,000 after buying an additional 4,149 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have commented on GOOGL. Royal Bank Of Canada restated an "outperform" rating and set a $425.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. HSBC reissued a "buy" rating and set a $420.00 target price (down from $435.00) on shares of Alphabet in a report on Tuesday, June 2nd. Phillip Securities upgraded Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 27th. Morgan Stanley set a $400.00 price target on Alphabet and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Finally, Roth Capital reaffirmed a "buy" rating and set a $440.00 price objective (up from $435.00) on shares of Alphabet in a research report on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $420.19.
View Our Latest Report on Alphabet
Alphabet Stock Up 0.6%
NASDAQ GOOGL opened at $337.12 on Thursday. The business has a fifty day moving average price of $349.02 and a two-hundred day moving average price of $342.38. The stock has a market capitalization of $4.12 trillion, a PE ratio of 16.93, a PEG ratio of 0.97 and a beta of 1.22. Alphabet Inc. has a fifty-two week low of $224.79 and a fifty-two week high of $408.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64.
Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $6.22. 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 analyst estimates of $117.07 billion. Equities analysts expect that Alphabet Inc. will post 20.5 earnings per share for the current fiscal year.
Alphabet Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is 4.42%.
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: A federal judge rejected the U.S. government’s request to force Google to sell its AdX advertising exchange, removing the immediate risk of a disruptive breakup. The ruling still requires Google to change certain ad-tech practices, but the decision preserves the structure of a highly profitable business. Google defeats US bid to force ad-tech sale
- Positive Sentiment: Berkshire Hathaway increased its Alphabet position by roughly $10 billion, with CEO Greg Abel describing Google as a significant AI player. The investment provides a high-profile vote of confidence in Alphabet’s AI capabilities and long-term growth prospects. Berkshire CEO comments on Alphabet AI investment
- Positive Sentiment: Alphabet is securing additional power for its expanding AI infrastructure. Google agreed to purchase approximately 400 megawatts of geothermal electricity from Fervo Energy for a Utah data center, while Eos Energy announced a battery-storage partnership tied to a planned $350 million West Virginia project. These agreements support data-center capacity growth and energy reliability. Google buys geothermal power from Fervo
- Positive Sentiment: Waymo expanded paid robotaxi service to Denver, San Diego and Tampa, bringing its operations to 14 U.S. cities. The rollout offers Alphabet investors evidence of increasing commercialization outside the core advertising business. Waymo expands robotaxi service
- Neutral Sentiment: Reports indicate Google may release Gemini 3.8 Flash this week, with internal testing showing improved coding performance. A stronger model could support Cloud and Workspace monetization, although the financial impact remains unproven. New Google AI model report
- Negative Sentiment: The antitrust ruling was not a complete victory: Google must implement undisclosed operational changes intended to address illegal practices and pressure on publisher ad rates. Regulatory scrutiny therefore remains a continuing risk to ad-tech economics. Federal judge declines to break up Google ad technology business
- Negative Sentiment: Investors continue to weigh Alphabet’s heavy AI infrastructure spending against uncertain returns. Competition from OpenAI and other AI providers, along with reported talent losses, could pressure Google Search and increase the cost of defending its market position. OpenAI advertising competition report
Insider Activity at Alphabet
In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 451,925 shares of company stock valued at $12,371,544 over the last ninety days. 11.61% of the stock is owned by corporate insiders.
Alphabet Profile
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Free Report)
Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.
Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.
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