Nissay Asset Management Corp Japan Grows Stake in Alphabet Inc. $GOOG

Key Points

• Nissay Asset Management Japan increased its Alphabet stake by 2.1% in the second quarter, adding 19,083 shares to reach 944,026 shares valued at approximately $333.6 million. Alphabet now represents about 1.4% of the firm’s portfolio.
• Alphabet reported a strong latest quarter, with revenue up 24.2% year over year to $119.8 billion and earnings per share of $9.11, well above the $2.87 consensus estimate.
• Wall Street remains broadly bullish, with the stock carrying an average “Buy” rating and an average price target of $415.55. Alphabet also declared a quarterly dividend of $0.22 per share, equivalent to a 0.3% annualized yield.

Nissay Asset Management Corp Japan increased its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 944,026 shares of the information services provider's stock after acquiring an additional 19,083 shares during the period. Alphabet comprises about 1.4% of Nissay Asset Management Corp Japan's investment portfolio, making the stock its 17th biggest holding. Nissay Asset Management Corp Japan's holdings in Alphabet were worth $333,553,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of Alphabet by 1.0% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider's stock worth $86,596,000 after purchasing an additional 2,850 shares during the period. Heck Capital Advisors LLC raised its holdings 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 valued at $7,854,000 after buying an additional 16,647 shares during the period. Violich Capital Management Inc. lifted its position in Alphabet by 1.0% in the fourth quarter. Violich Capital Management Inc. now owns 340,776 shares of the information services provider's stock worth $106,936,000 after buying an additional 3,378 shares during the last quarter. Montchanin Asset Management LLC purchased a new position in Alphabet during the first quarter worth $7,075,000. Finally, Sax Wealth Advisors LLC increased its position in Alphabet by 13.3% during 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 acquiring an additional 3,575 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Trading Up 0.5%

NASDAQ:GOOG opened at $333.78 on Thursday. Alphabet Inc. has a one year low of $225.12 and a one year high of $404.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The firm has a market cap of $4.08 trillion, a P/E ratio of 16.76, a P/E/G ratio of 0.96 and a beta of 1.21. The firm has a 50-day simple moving average of $347.01 and a 200-day simple moving average of $340.52.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results 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. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $116.53 billion. During the same quarter in the prior year, the company earned $2.31 EPS. The company's revenue was up 24.2% compared to the same quarter last year. Equities analysts anticipate that Alphabet Inc. will post 20.5 EPS for the current fiscal 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 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 dividend payout ratio is currently 4.42%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on GOOG shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Alphabet in a report on Friday, July 17th. Truist Financial cut their target price on Alphabet from $430.00 to $420.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. JPMorgan Chase & Co. decreased their price target on Alphabet from $460.00 to $420.00 and set an "overweight" rating for the company in a research note on Thursday, July 23rd. Wolfe Research reaffirmed an "outperform" rating on shares of Alphabet in a research report on Thursday, August 27th. Finally, Roth Capital lifted their target price on Alphabet from $435.00 to $440.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $415.55.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: A federal judge rejected the U.S. Justice Department’s request to force Google to sell its AdX advertising exchange. The ruling removes the most severe breakup risk, although Google must make operational changes to address antitrust concerns. This was the clearest immediate catalyst for Alphabet’s strength. Google defeats US bid to force ad tech sale
• Positive Sentiment: Google launched or prepared to launch Gemini 3.8 Flash, a model designed to improve coding and cybersecurity capabilities. Investors view the release as evidence that Alphabet is narrowing the gap with OpenAI and Anthropic in enterprise AI. Google launches Gemini 3.8 Flash
• Positive Sentiment: Recent reports continue to highlight strong AI demand, cloud revenue growth and expanding infrastructure investment. Alphabet’s latest reported quarter showed 24.2% year-over-year revenue growth and a substantial earnings beat, supporting the view that Cloud and AI can offset pressure on the core advertising business. Alphabet reports strong growth fueled by AI demand and cloud revenue
• Positive Sentiment: Berkshire Hathaway CEO Greg Abel described Alphabet as a significant AI player and explained Berkshire’s decision to make it one of its largest holdings. The endorsement may strengthen investor confidence in Alphabet’s long-term AI strategy. Berkshire CEO discusses Alphabet stake
• Positive Sentiment: Alphabet agreed to purchase roughly 396 megawatts of enhanced-geothermal power from Fervo Energy for a planned Utah data center, with potential expansion toward 1 gigawatt. The agreement supports reliable, lower-carbon electricity for AI infrastructure. Google buys geothermal power from Fervo
• Neutral Sentiment: Waymo expanded paid robotaxi service to Denver, San Diego and Tampa, bringing operations to 14 U.S. cities. The move offers longer-term optionality but is unlikely to materially affect near-term Alphabet earnings. Waymo expands robotaxi service
• Negative Sentiment: The antitrust ruling still found illegal conduct and requires changes to Google’s digital advertising operations, leaving potential compliance costs and future regulatory risk. Judge orders changes to Google ad business
• Negative Sentiment: Analysts and technical commentators warn that GOOG is approaching bear-market territory and testing important support near $323. Concerns about elevated AI capital spending, margin pressure and increasingly intense competition in search advertising could limit further gains.

Insiders Place Their Bets

In other Alphabet news, 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. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the transaction, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. This represents a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 451,925 shares of company stock worth $12,371,544 over the last 90 days. Company insiders own 12.99% of the company's stock.

Alphabet Company Profile

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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