Nwam LLC Buys 10,500 Shares of Alphabet Inc. $GOOG

Key Points

• Nwam LLC increased its Alphabet position by 17.3% in the second quarter, purchasing 10,500 shares and bringing its total holdings to 71,023 shares valued at approximately $25.1 million.
• Analysts remain broadly positive, with Alphabet receiving an average “Buy” rating and a consensus price target of $415.55; Barclays and Wedbush set targets of $425 and $445, respectively.
• Alphabet reported stronger-than-expected quarterly results, including $9.11 in EPS and $119.8 billion in revenue, while shares recently opened at $335.31. The company also declared a quarterly dividend of $0.22 per share.

Nwam LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 17.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,023 shares of the information services provider's stock after acquiring an additional 10,500 shares during the quarter. Alphabet comprises approximately 1.3% of Nwam LLC's investment portfolio, making the stock its 12th biggest holding. Nwam LLC's holdings in Alphabet were worth $25,095,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Auto Owners Insurance Co grew its holdings in shares of Alphabet by 38,409.2% in 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 buying an additional 179,369,280 shares during the period. J. Stern & Co. LLP raised its stake in Alphabet by 28,482.8% during 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. Norges Bank bought a new position in Alphabet during the fourth quarter worth about $18,093,665,000. Cardano Risk Management B.V. grew its stake in Alphabet by 850.3% in the fourth quarter. Cardano Risk Management B.V. now owns 17,692,600 shares of the information services provider's stock valued at $5,551,938,000 after acquiring an additional 15,830,754 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Alphabet by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider's stock valued at $24,240,469,000 after acquiring an additional 7,904,434 shares during the period. Institutional investors and hedge funds own 27.26% of the company's stock.

Analysts Set New Price Targets

GOOG has been the subject of a number of research reports. 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. Zacks Research downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Freedom Capital upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Wedbush assumed coverage on shares of Alphabet in a research report on Thursday, July 16th. They issued an "outperform" rating and a $445.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research note on Friday, July 17th. 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's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $415.55.

Alphabet Stock Down 1.1%

Shares of GOOG stock opened at $335.31 on Friday. The firm's fifty day moving average price is $346.96 and its two-hundred day moving average price is $340.71. 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 1 year low of $232.38 and a 1 year high of $404.47. The firm has a market capitalization of $4.10 trillion, a P/E ratio of 16.84, a PEG ratio of 0.98 and a beta of 1.21.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping analysts' consensus estimates of $2.87 by $6.24. The company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company's quarterly revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.31 EPS. On average, equities analysts predict that Alphabet Inc. will post 20.5 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed 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. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's dividend payout ratio is presently 4.42%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s AI expansion remains the main bullish catalyst. WeatherNext 3 is being integrated into Search, Maps and Gemini, while new voice-driven Gemini features are rolling out in Gmail, Docs and Keep, creating potential for broader user engagement and monetization. Alphabet Just Gave Search, Maps and Gemini a New AI Advantage
• Positive Sentiment: Analyst optimism is building around Google Cloud, AI services, hardware and long-term earnings growth. Wolfe Research named Alphabet a top pick for 2027, while other coverage highlights strong recent Cloud growth and a median price target well above current trading levels. Alphabet Stock Opinions on Strong Cloud Growth Prospects
• Positive Sentiment: A federal judge declined to force a breakup of Google’s ad-technology business, reducing the most severe regulatory risk, although operational restrictions remain. The decision also supports Alphabet’s ability to retain its existing ad-tech infrastructure. Google Spared From Ad-Business Breakup
• Neutral Sentiment: Alphabet’s clean-energy partnerships, including Google-backed battery storage and geothermal projects, strengthen power availability for data centers but are unlikely to materially affect near-term earnings. Google’s New Energy Project Gives Eos Energy a Key Technology Validation
• Negative Sentiment: Investors remain concerned that Alphabet’s roughly $44.9 billion quarterly capital expenditure pushed free cash flow negative for the first time since its IPO. The spending may support future AI and Cloud returns, but it increases execution risk and weighs on near-term valuation. 3 Stocks Built for Higher Rates
• Negative Sentiment: Stronger-than-expected employment data lifted Treasury yields and reduced expectations for near-term rate cuts, pressuring large technology stocks. Alphabet also faces investor concern over delayed Gemini releases, ongoing ad-tech remedies, and shareholder securities-fraud investigations. Securities Fraud Investigation Into Alphabet

Insider Activity

In related news, insider Kent Walker sold 8,998 shares of the firm's stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the sale, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm's stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 451,925 shares of company stock valued at $12,371,544 over the last three months. Corporate 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.

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