Old Mission Investment Co LLC Makes New Investment in Alphabet Inc. $GOOG

Key Points

• Old Mission Investment Co. LLC initiated a position in Alphabet, purchasing 8,867 shares worth approximately $3.13 million during the second quarter, representing about 0.7% of its portfolio.
• Institutional ownership remains significant at 27.26%, while insiders have sold $12.37 million of stock over the past 90 days. Despite some insider selling, analysts maintain a consensus “Buy” rating with an average price target of $415.55.
• Alphabet reported strong quarterly results, including $119.8 billion in revenue—up 24.2% year over year—and $9.11 in earnings per share, substantially exceeding consensus estimates. Investors are also weighing its AI and cloud growth against heavy capital spending, data-center delays and regulatory risks in Europe.

Old Mission Investment Co LLC purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,867 shares of the information services provider's stock, valued at approximately $3,133,000. Alphabet comprises about 0.7% of Old Mission Investment Co LLC's portfolio, making the stock its 28th largest position.

Several other large investors also recently bought and sold shares of the stock. Denali Advisors LLC lifted its holdings 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 worth $37,449,000 after purchasing an additional 13,700 shares during the period. Gerber Kawasaki Wealth & Investment Management increased its holdings in 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 buying an additional 2,850 shares during the period. Heck Capital Advisors LLC raised its position 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 worth $7,854,000 after buying an additional 16,647 shares during the last quarter. Violich Capital Management Inc. raised its position in 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 buying an additional 3,378 shares during the last quarter. Finally, Montchanin Asset Management LLC acquired a new stake in Alphabet during the 1st quarter valued at approximately $7,075,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Insider Activity

In other news, Director Frances Arnold sold 82 shares of the firm'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 value of $27,692.22. Following the transaction, the director owned 18,995 shares in the company, valued at $6,414,801.45. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of Alphabet stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 451,925 shares of company stock worth $12,371,544 over the last 90 days. 12.99% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a report on Friday, July 17th. Freedom Capital raised Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Royal Bank Of Canada reissued a "buy" rating and issued a $475.00 price objective on shares of Alphabet in a report on Thursday, July 23rd. JPMorgan Chase & Co. lowered their target price on Alphabet from $460.00 to $420.00 and set an "overweight" rating on the stock in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company decreased their price target on Alphabet from $418.00 to $411.00 and set an "overweight" rating for the company in a report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $415.55.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Stable search traffic eases competitive concerns. Bank of America reportedly found no meaningful deterioration in Google’s web-traffic data, helping counter fears that AI search tools are taking share from Alphabet’s core search business. Bank of America Spots Reassuring Signal for Google Stock
• Positive Sentiment: Cloud and AI commercialization continue to expand. Google Cloud and Accenture are forming a unit with 1,000 engineers to help enterprises deploy Google’s AI products. Alphabet is also reportedly selling TPU systems directly to customers, potentially creating a new hardware revenue stream, while Google Cloud chief Thomas Kurian claimed the company’s AI-chip business is more than twice the size of its closest rival. Google Cloud and Accenture AI Unit
• Positive Sentiment: Energy and infrastructure access may support AI expansion. A $1.9 billion U.S. Energy Department loan to NextEra Energy will help revive an Iowa nuclear plant intended to supply power for Google, potentially improving Alphabet’s long-term access to reliable electricity for data centers. Google's Revived Nuclear Power Plant Loan
• Neutral Sentiment: Investors remain divided over valuation and capital spending. Analysts and commentators view GOOG as attractively valued relative to cloud growth, but Alphabet’s massive AI-related capital expenditures are pressuring near-term free cash flow and contributing to volatility.
• Negative Sentiment: Project Braid data-center delays raise execution concerns. Alphabet and Blackstone’s AI-cloud venture reportedly faces delays at major data-center sites, highlighting the permitting, construction and power challenges slowing the broader AI buildout. Google and Blackstone Venture Faces Delays
• Negative Sentiment: EU search changes could hurt user experience and business economics. Google says modifications required under the Digital Markets Act will reduce search quality, favor intermediaries over local businesses and increase costs, while exposing Alphabet to continuing regulatory pressure. Google Warns of Lower-Quality European Search Results

Alphabet Stock Performance

Shares of GOOG stock opened at $335.38 on Wednesday. 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 $233.38 and a 12-month high of $404.47. The business's 50 day moving average is $346.28 and its two-hundred day moving average is $341.40. The company has a market capitalization of $4.10 trillion, a P/E ratio of 16.84, a P/E/G ratio of 0.97 and a beta of 1.21.

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 for the quarter, topping 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 business had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. During the same period in the prior year, the company posted $2.31 EPS. The business's quarterly revenue was up 24.2% on a year-over-year basis. Analysts expect that Alphabet Inc. will post 20.5 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Alphabet Profile

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.

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