NEOS Investment Management LLC Has $693.85 Million Holdings in Alphabet Inc. $GOOG

Key Points

• NEOS Investment Management increased its Alphabet stake by 11.9% in the second quarter, adding 208,344 shares. Its position totaled 1.96 million shares valued at approximately $693.85 million, representing 2.6% of its portfolio.
• Analysts maintain a positive outlook, with Alphabet receiving an overall “Buy” rating and an average price target of $415.55. The company recently exceeded earnings and revenue expectations, reporting $9.11 in quarterly EPS and $119.8 billion in revenue, up 24.2% year over year.
• Alphabet opened at $335.31 and has a market capitalization of about $4.10 trillion. The company also declared a quarterly dividend of $0.22 per share, equivalent to a 0.3% annual yield.

NEOS Investment Management LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 11.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,963,739 shares of the information services provider's stock after acquiring an additional 208,344 shares during the quarter. Alphabet accounts for 2.6% of NEOS Investment Management LLC's portfolio, making the stock its 9th biggest holding. NEOS Investment Management LLC's holdings in Alphabet were worth $693,848,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Denali Advisors LLC boosted its position in shares of Alphabet by 14.8% during the second quarter. Denali Advisors LLC now owns 105,988 shares of the information services provider's stock valued at $37,449,000 after buying an additional 13,700 shares during the period. Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of 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 worth $86,596,000 after buying an additional 2,850 shares during the period. Heck Capital Advisors LLC lifted its stake in shares of 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. lifted its stake in shares of Alphabet by 1.0% during the 4th quarter. Violich Capital Management Inc. now owns 340,776 shares of the information services provider's stock worth $106,936,000 after acquiring an additional 3,378 shares during the last quarter. Finally, Montchanin Asset Management LLC purchased a new position in Alphabet during the 1st quarter valued at $7,075,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GOOG. Wolfe Research reaffirmed an "outperform" rating on shares of Alphabet in a research report on Thursday, August 27th. Barclays reissued an "overweight" rating and set a $425.00 target price (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. DA Davidson cut their price target on shares of Alphabet from $375.00 to $350.00 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. Pivotal Research raised their price target on shares of Alphabet from $470.00 to $475.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley lowered their price objective on shares of Alphabet from $415.00 to $400.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. 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. According to data from MarketBeat, Alphabet currently has an average rating of "Buy" and an average price target of $415.55.

Alphabet Price Performance

GOOG opened at $335.31 on Tuesday. The company has a market capitalization of $4.10 trillion, a price-to-earnings ratio of 16.84, a PEG ratio of 0.97 and a beta of 1.21. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $232.38 and a 12-month high of $404.47. The business's fifty day simple moving average is $346.64 and its 200-day simple moving average is $341.18.

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

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be issued a $0.22 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet's payout ratio is currently 4.42%.

Insider Activity

In related news, CAO Marsida Saraci sold 449 shares of Alphabet 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Frances Arnold sold 82 shares of the business's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $337.71, for a total transaction of $27,692.22. Following the completion of the transaction, the director directly owned 18,995 shares of the company's stock, valued at $6,414,801.45. This trade represents a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 451,925 shares of company stock worth $12,371,544. 12.99% of the stock is currently owned by corporate insiders.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled Gemini 3.8 Flash and its Fairwind program, developments that could strengthen its position in AI applications and increase monetization opportunities across Google’s ecosystem. Google Unveils Gemini 3.8 Flash and Fairwind Program
• Positive Sentiment: Commentary highlights Google Cloud’s growth reportedly running at roughly twice Azure’s rate while Alphabet trades at a lower valuation multiple, suggesting investors may be underestimating the company’s cloud and AI potential. Alphabet May Be the Mag 7 Stock Investors Are Underestimating
• Positive Sentiment: Reports say Berkshire Hathaway has accumulated a substantial Alphabet position, with Warren Buffett confirming he initiated the investment. The endorsement supports confidence in Alphabet’s long-term earnings power and valuation. Warren Buffett and Berkshire’s Alphabet Bet
• Positive Sentiment: Alphabet is also being presented as a potential “quiet winner” in the AI arms race, because its infrastructure, cloud business, and AI services could benefit even though it is not primarily a chip supplier. Alphabet as a Potential AI Arms-Race Winner
• Neutral Sentiment: Google is expanding an AI trial with Cathay Pacific to reduce aircraft contrails. The project reinforces Alphabet’s applied-AI capabilities but is unlikely to have a material near-term effect on revenue. Cathay Pacific and Google Expand AI Trials
• Negative Sentiment: Bill Ackman’s Pershing Square reportedly sold its entire Alphabet stake and bought Netflix instead, potentially weighing on sentiment. The report cited Alphabet’s aggressive AI infrastructure spending as a source of volatility. Bill Ackman Sells Alphabet Stock
• Negative Sentiment: Analysts see strong revenue growth but a more muted earnings outlook, while massive AI investment is pressuring returns on capital and could raise concerns about profitability and capital efficiency. Alphabet Offers Revenue Growth but Muted Earnings Outlook
• Negative Sentiment: A law firm announced a securities-fraud investigation on behalf of Alphabet shareholders. No wrongdoing has been established, but the announcement creates a potential legal and reputational overhang. Alphabet Shareholder Securities-Fraud Investigation

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.

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