Readystate Asset Management LP Buys Shares of 900,023,000 Alphabet Inc. $GOOG

Key Points

• Readystate Asset Management LP acquired 900.023 million Alphabet shares worth approximately $45.35 billion, making Alphabet its 10th-largest portfolio position and representing about 7.36% of the company.
• Alphabet reported strong quarterly results, with $9.11 in EPS and $119.8 billion in revenue, exceeding analyst expectations; revenue increased 24.2% year over year. The company also declared a quarterly dividend of $0.22 per share.
• Analysts maintain a favorable outlook, with a consensus “Buy” rating and an average price target of $415.55, though investors remain focused on the cost and returns of Alphabet’s AI infrastructure expansion, regulatory pressure in Europe, and competition from AI assistants.

Readystate Asset Management LP purchased a new position in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 900,023,000 shares of the information services provider's stock, valued at approximately $45,352,000. Alphabet accounts for approximately 1.6% of Readystate Asset Management LP's portfolio, making the stock its 10th largest position. Readystate Asset Management LP owned approximately 7.36% of Alphabet at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Providence Wealth Advisors LLC grew its holdings in Alphabet by 0.3% during the 1st quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider's stock valued at $3,094,000 after buying an additional 29 shares in the last quarter. One Charles Private Wealth Services LLC lifted its holdings in shares of Alphabet by 0.6% in the first quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider's stock worth $1,390,000 after buying an additional 29 shares in the last quarter. Wisconsin Wealth Advisors LLC boosted its position in shares of Alphabet by 1.3% in the second quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider's stock valued at $785,000 after acquiring an additional 29 shares during the period. Cannon Financial Strategists Inc. boosted its position in shares of Alphabet by 1.9% in the fourth quarter. Cannon Financial Strategists Inc. now owns 1,589 shares of the information services provider's stock valued at $499,000 after acquiring an additional 30 shares during the period. Finally, Financial Enhancement Group LLC grew its stake in Alphabet by 2.3% during the first quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider's stock valued at $380,000 after acquiring an additional 30 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Performance

NASDAQ GOOG opened at $328.38 on Thursday. Alphabet Inc. has a 52-week low of $236.58 and a 52-week high of $404.47. The company has a fifty day moving average of $345.69 and a 200-day moving average of $341.58. The company has a market capitalization of $4.02 trillion, a P/E ratio of 16.49, a P/E/G ratio of 0.97 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $116.53 billion. During the same quarter in the prior year, the firm earned $2.31 earnings per share. The firm's revenue was up 24.2% on a year-over-year basis. As a group, equities research analysts predict that Alphabet Inc. will post 20.5 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Insider Transactions at Alphabet

In related news, insider Kent Walker sold 8,998 shares of the firm's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares of the company's stock, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares of the company's stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 451,925 shares of company stock valued at $12,371,544 over the last 90 days. Company insiders own 12.99% of the company's stock.

Key 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

Wall Street Analyst Weigh In

Several brokerages have commented on GOOG. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a report on Friday, July 17th. Stifel Nicolaus set a $420.00 price target on shares of Alphabet in a report on Wednesday, May 20th. Freedom Capital raised Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. Roth Capital raised their price target on Alphabet from $435.00 to $440.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Finally, KeyCorp set a $445.00 price target on Alphabet in a research report on Friday, July 10th. Six 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. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $415.55.

Alphabet Company 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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