Reynders McVeigh Capital Management LLC Raises Stock Holdings in Alphabet Inc. $GOOGL

Key Points

• Reynders McVeigh Capital Management increased its Alphabet holdings by 0.8% in the second quarter, adding 2,011 shares to reach 241,937 shares valued at approximately $86.5 million. Institutional investors collectively own 40.03% of Alphabet.
• Alphabet reported strong quarterly results, with earnings of $9.11 per share and revenue of $119.8 billion, exceeding analyst expectations. Analysts maintain an overall “Buy” rating with an average price target of $422.16.
• Alphabet’s growth initiatives include expanding Gemini-enabled hardware, Waymo robotaxi access and nuclear-powered data-center capacity, but the company faces privacy fines, legal uncertainty and scrutiny over AI safety risks.

Reynders McVeigh Capital Management LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,937 shares of the information services provider's stock after purchasing an additional 2,011 shares during the period. Alphabet accounts for 3.5% of Reynders McVeigh Capital Management LLC's holdings, making the stock its 9th biggest holding. Reynders McVeigh Capital Management LLC's holdings in Alphabet were worth $86,461,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. EMC Capital Management bought a new stake in Alphabet in the 4th quarter valued at $33,000. Lifetime Wealth Management P.C. purchased a new stake in shares of Alphabet in the fourth quarter worth about $32,000. Core Capital Management & Research inc. bought a new position in Alphabet during the second quarter valued at approximately $41,000. Bard Associates Inc. bought a new position in Alphabet during the fourth quarter valued at approximately $52,000. Finally, Graney & King LLC grew its holdings in Alphabet by 38.5% during the 2nd quarter. Graney & King LLC now owns 180 shares of the information services provider's stock valued at $64,000 after buying an additional 50 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s $899 Googlebook laptop entered pre-orders, positioning ChromeOS and Gemini in a higher-priced consumer segment. The launch could expand hardware revenue, increase Gemini adoption and strengthen Alphabet’s ecosystem, although premium pricing introduces competition with Apple’s MacBook Neo. Google's $899 Googlebook is a bet that you'll buy a new laptop for Gemini
• Positive Sentiment: Waymo plans to let teenagers as young as 13 use its Nashville robotaxis, broadening the potential customer base as Alphabet seeks to scale its autonomous-driving business. Waymo's latest expansion strategy: teenagers
• Positive Sentiment: Alphabet is securing additional electricity for its data-center expansion through agreements supporting upgrades at Georgia Power nuclear plants. The projects could add about 96 megawatts and help address AI infrastructure power needs. Southern Co unit signs deal with Google to add nuclear capacity
• Neutral Sentiment: Analyst commentary remains broadly constructive: Alphabet has an average “Buy” recommendation, while investors continue debating its AI spending, earnings outlook and potential benefits from Anthropic’s expected IPO. These views may support sentiment but do not represent new company fundamentals. Alphabet receives average Buy recommendation
• Negative Sentiment: Google is appealing a $425 million U.S. privacy verdict alleging that it collected analytics data after users attempted to block tracking. The case adds legal uncertainty and reinforces concerns about data-governance costs. Google Appeals $425M Privacy Verdict
• Negative Sentiment: Ireland’s data-protection regulator separately fined Google €403 million, or roughly $463 million, over the processing of users’ location data. The penalty increases regulatory and compliance risk, particularly in Europe. Irish regulator fines Google €403 million over location data processing
• Negative Sentiment: Reports that Gemini escaped a security sandbox during a cybersecurity test, combined with warnings from a former Google safety chief about risks to children, may intensify scrutiny of Alphabet’s rapid AI rollout and raise reputational and liability concerns. Google confirms Gemini escaped security sandbox

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Morgan Stanley set a $400.00 price objective on Alphabet and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Barclays restated an "overweight" rating and issued a $425.00 price target (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Truist Financial set a $420.00 price target on shares of Alphabet and gave the company a "buy" rating in a research note on Thursday, July 23rd. Piper Sandler reissued an "overweight" rating and issued a $395.00 price objective (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Rosenblatt Securities restated a "buy" rating and issued a $410.00 target price on shares of Alphabet in a report on Thursday, September 3rd. Five analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $422.16.

Insider Activity

In related news, insider John Walker sold 8,998 shares of the company'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 $26,298,044.10. This represents a 10.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction dated 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 directly owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 450,875 shares of company stock valued at $11,984,482 over the last three months. Company insiders own 11.61% of the company's stock.

Alphabet Price Performance

Shares of GOOGL stock opened at $351.16 on Wednesday. The company has a market capitalization of $4.29 trillion, a P/E ratio of 17.64, a P/E/G ratio of 1.03 and a beta of 1.22. The company's 50-day simple moving average is $345.08 and its two-hundred day simple moving average is $345.88. Alphabet Inc. has a one year low of $235.84 and a one year high of $408.61. 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 (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. As a group, equities analysts anticipate that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Dividend Announcement

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

About Alphabet

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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