Moore Capital Management LP Invests $7.63 Million in Alphabet Inc. $GOOG

Key Points

• Moore Capital Management initiated a $7.63 million position in Alphabet during the second quarter by purchasing 150,000 shares. Other institutional investors also increased their holdings, with institutions and hedge funds collectively owning 27.26% of the stock.
• Alphabet reported quarterly results well above expectations, including $9.11 in earnings per share versus a $2.87 consensus estimate and $119.8 billion in revenue, up 24.2% year over year.
• Wall Street maintains a consensus “Buy” rating with an average price target of $415.55, although some analysts recently lowered targets and insiders sold $12.37 million of shares over the past 90 days.

Moore Capital Management LP bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 150,000 shares of the information services provider's stock, valued at approximately $7,634,000.

A number of other institutional investors and hedge funds have also bought and sold shares of GOOG. Apollo Management Holdings L.P. bought a new position in Alphabet in the 2nd quarter valued at about $99,000. Two Sigma Securities LLC boosted its holdings in shares of Alphabet by 2,139.6% during the second quarter. Two Sigma Securities LLC now owns 27,166 shares of the information services provider's stock worth $9,599,000 after acquiring an additional 25,953 shares during the period. Benjamin Edwards Inc. bought a new stake in shares of Alphabet during the second quarter worth approximately $476,000. GTS Securities LLC grew its position in shares of Alphabet by 34.3% in the second quarter. GTS Securities LLC now owns 45,497 shares of the information services provider's stock valued at $16,075,000 after purchasing an additional 11,625 shares during the last quarter. Finally, Jasper Ridge Partners L.P. grew its position in shares of Alphabet by 5.9% in the second quarter. Jasper Ridge Partners L.P. now owns 154,249 shares of the information services provider's stock valued at $54,501,000 after purchasing an additional 8,574 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Buying and Selling

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction dated Wednesday, July 29th. The shares were 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 $9,125,015.20. This trade represents a 1.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Hennessy sold 1,050 shares of the business's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the completion of the transaction, the director owned 1,481 shares of the company's stock, valued at $545,941.03. The trade was a 41.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 451,925 shares of company stock worth $12,371,544 in the last ninety days. 12.99% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. DA Davidson dropped their price target on Alphabet from $375.00 to $350.00 and set a "neutral" rating for the company in a report on Thursday, July 23rd. Barclays reiterated an "overweight" rating and set a $425.00 price objective (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Wedbush assumed coverage on Alphabet in a report on Thursday, July 16th. They set an "outperform" rating and a $445.00 target price for the company. Truist Financial reduced their target price on shares of Alphabet from $430.00 to $420.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Finally, Zacks Research downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 5th. Six equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $415.55.

Alphabet Trading Up 1.6%

Shares of NASDAQ:GOOG opened at $339.08 on Friday. The company has a market capitalization of $4.15 trillion, a P/E ratio of 17.03, a P/E/G ratio of 0.97 and a beta of 1.21. Alphabet Inc. has a 1 year low of $226.76 and a 1 year high of $404.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The business's 50 day simple moving average is $346.95 and its 200 day simple moving average is $340.75.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.31 EPS. On average, research analysts anticipate that Alphabet Inc. will post 20.5 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be given a $0.22 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is presently 4.42%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google launched Gemini 3.8 Flash, including versions designed for coding, agentic tasks and cybersecurity. The release reinforces Alphabet’s effort to close performance gaps with OpenAI and Anthropic and supports the investment case for its AI products and cloud platform. Google's Gemini 3.8 Flash is built for agents
• Positive Sentiment: New conversational voice features in Gmail, Docs and Keep give users more ways to interact with Google’s AI ecosystem, potentially improving Gemini adoption and monetization across Workspace. Google launches AI voice features in Gmail, Docs and Keep
• Positive Sentiment: Berkshire Hathaway CEO Greg Abel described Alphabet as a significant AI player after Berkshire increased its stake, providing a high-profile vote of confidence in Google’s AI strategy. Berkshire CEO Abel says Alphabet is a significant AI player
• Positive Sentiment: Alphabet’s AI-related energy initiatives—including a 400-megawatt geothermal agreement with Fervo—highlight efforts to secure power for data-center expansion. Strong recent Cloud growth and revenue momentum further support the bullish narrative. Enhanced geothermal notches another win as Google buys 400 MW from Fervo
• Neutral Sentiment: Google’s WeatherNext 3 model and its collaboration on virtual power plants and clean-energy storage expand Alphabet’s technology and infrastructure partnerships, but the near-term financial impact remains uncertain. Google’s new AI weather model could help energy companies
• Negative Sentiment: Alphabet still faces antitrust-related remedies, a securities-fraud investigation announcement and scrutiny over service outages, while its large AI capital-spending program could pressure free cash flow. Reports that a promised Gemini flagship model remains delayed also raise concerns about product execution. Securities fraud investigation into Alphabet continues

About Alphabet

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.

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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