Nilsine Partners LLC Grows Position in Alphabet Inc. $GOOG

Nilsine Partners LLC grew its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 13.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,619 shares of the information services provider's stock after buying an additional 3,623 shares during the quarter. Alphabet makes up 0.7% of Nilsine Partners LLC's portfolio, making the stock its 29th biggest holding. Nilsine Partners LLC's holdings in Alphabet were worth $10,819,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Alphabet by 1.4% in the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock worth $130,704,718,000 after acquiring an additional 5,164,200 shares in the last quarter. State Street Corp increased its stake in shares of Alphabet by 0.5% in the fourth quarter. State Street Corp now owns 187,102,863 shares of the information services provider's stock worth $58,712,878,000 after purchasing an additional 953,790 shares in the last quarter. Auto Owners Insurance Co raised its position in shares of Alphabet by 38,409.2% during the 4th quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider's stock valued at $5,643,262,000 after purchasing an additional 179,369,280 shares during the period. J. Stern & Co. LLP boosted its holdings in Alphabet by 28,482.8% in the 4th quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider's stock worth $35,174,429,000 after buying an additional 111,699,704 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Alphabet by 1.1% in the 4th quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider's stock worth $31,569,189,000 after buying an additional 1,073,151 shares in the last quarter. Institutional investors own 27.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GOOG. Canaccord Genuity Group set a $450.00 target price on Alphabet in a research report on Thursday, July 23rd. TD Cowen reissued a "buy" rating and issued a $475.00 target price on shares of Alphabet in a report on Thursday, July 23rd. BMO Capital Markets raised their target price on shares of Alphabet from $455.00 to $465.00 and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Morgan Stanley decreased their price target on shares of Alphabet from $415.00 to $400.00 and set an "overweight" rating on the stock in a research note on Thursday, July 23rd. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $420.00 price objective (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $415.55.

Alphabet Stock Performance

Alphabet stock opened at $328.38 on Thursday. 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 Inc. has a 1-year low of $236.58 and a 1-year high of $404.47. The firm has a market capitalization of $4.02 trillion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 0.97 and a beta of 1.21. The company's 50-day moving average is $345.69 and its 200 day moving average is $341.58.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $6.24. The business had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.31 earnings per share. Research analysts forecast that Alphabet Inc. will post 20.5 EPS for the current year.

Alphabet Dividend Announcement

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 issued a dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet's payout ratio is presently 4.42%.

Insiders Place Their Bets

In related news, Director John Hennessy sold 1,050 shares of Alphabet stock in a transaction dated 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 sale, the director owned 1,481 shares in the company, valued at $545,941.03. This trade represents a 41.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the sale, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 451,925 shares of company stock worth $12,371,544. Insiders own 12.99% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet announced at least €13 billion (about $15.1 billion) for AI data centers and digital infrastructure in Finland during 2027–2028. The investment will support Gemini, Search, Maps and YouTube, while a 22-year agreement with Fortum for nuclear power could provide reliable, lower-carbon electricity for energy-intensive AI operations. Google to invest $15 billion AI infrastructure in Finland
• Positive Sentiment: Google Cloud and Accenture are creating a group of 1,000 engineers to help customers deploy AI agents. The initiative may accelerate enterprise adoption of Google’s cloud, AI software and custom chips, strengthening the growth outlook for the Cloud segment. Accenture and Google are teaming up to send 1,000 engineers into the field
• Positive Sentiment: Bank of America and other commentary pointed to resilient web traffic despite rising AI competition, offering reassurance that Google’s core search business has not yet been materially displaced. Bank of America Spots Reassuring Signal for Google Stock
• Neutral Sentiment: Google, Microsoft, Amazon, Meta and Anthropic joined a Canadian data-center development pledge. The agreement supports broader AI infrastructure expansion, although it does not immediately change Alphabet’s earnings outlook. HIVE joins Google, Microsoft and Amazon in new Canada data center pledge
• Negative Sentiment: The Finland commitment reinforces concerns that surging AI capital expenditures could pressure free cash flow before revenue and profits fully scale. Investors are increasingly focused on whether Alphabet can earn attractive returns on its massive infrastructure buildout. Alphabet's ROIC Is Strong, but Is GOOGL Stock a Buy Now?
• Negative Sentiment: Alphabet warned that changes to European search results required by the Digital Markets Act could reduce search quality and increase costs for businesses, creating potential pressure on user engagement, monetization and regulatory expenses. Google warns of lower quality as it revamps Europe search results
• Negative Sentiment: Meta’s launch of its paid Muse AI agent heightened fears that autonomous assistants could bypass traditional search pages and weaken Alphabet’s search advertising model. Separately, delays affecting Alphabet and Blackstone’s Project Braid data-center venture underscore execution risks in the AI expansion. Meta rises as Muse AI agent arrives

About Alphabet

Alphabet Inc is a technology holding company best known as the parent company of Google. It was established in 2015 as part of a corporate restructuring intended to separate Google's core internet businesses from a collection of other ventures. Google remains Alphabet's largest business and serves users, advertisers, businesses and developers worldwide.

Google's principal products and services include its internet search engine, online advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG - Free Report).

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.