Tema ETFs LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 10.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,097 shares of the information services provider's stock after purchasing an additional 3,480 shares during the period. Tema ETFs LLC's holdings in Alphabet were worth $13,257,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Haven Capital Group Inc. boosted its holdings in Alphabet by 0.9% during the second quarter. Haven Capital Group Inc. now owns 24,330 shares of the information services provider's stock worth $8,695,000 after purchasing an additional 218 shares during the last quarter. Rise Advisors LLC increased its stake in Alphabet by 5.2% in the 2nd quarter. Rise Advisors LLC now owns 1,693 shares of the information services provider's stock valued at $605,000 after buying an additional 83 shares during the last quarter. Nolet Wealth Management LLC increased its stake in Alphabet by 89.9% in the 2nd quarter. Nolet Wealth Management LLC now owns 5,228 shares of the information services provider's stock valued at $1,868,000 after buying an additional 2,475 shares during the last quarter. William Mack & Associates Inc. lifted its position in shares of Alphabet by 9.2% during the 2nd quarter. William Mack & Associates Inc. now owns 7,057 shares of the information services provider's stock worth $2,522,000 after buying an additional 597 shares in the last quarter. Finally, Fiduciary Financial Group LLC lifted its position in shares of Alphabet by 11.8% during the 2nd quarter. Fiduciary Financial Group LLC now owns 10,304 shares of the information services provider's stock worth $3,682,000 after buying an additional 1,089 shares in the last quarter. 40.03% of the stock is owned by institutional investors.
Insider Buying and Selling at Alphabet
In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the sale, the director owned 1,481 shares in the company, valued at $545,941.03. This represents a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 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 transaction, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 451,945 shares of company stock valued at $12,382,714 in the last quarter. Corporate insiders own 11.61% of the company's stock.
Alphabet News Roundup
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Custom AI-chip partnership strengthens Alphabet’s infrastructure position. Marvell Technology issued Alphabet a warrant to purchase up to 58.97 million shares—roughly 6.7% of Marvell—at $206.58 per share, as part of a partnership to develop custom chips that connect to Google’s TPU ecosystem. The deal signals continued investment in internally tailored AI computing capacity and could reduce reliance on existing suppliers. Marvell Google AI chip deal
- Positive Sentiment: Google Cloud remains a major growth engine. Cloud revenue reportedly rose 82% year over year to $24.8 billion in the second quarter, outpacing Microsoft Azure and Amazon Web Services. The growth reflects strong demand for AI workloads and supports the case that Alphabet’s substantial AI capital spending is generating customer revenue. Google Cloud growth
- Positive Sentiment: Waymo expanded commercial access to cheaper robotaxis. Alphabet’s autonomous-driving unit opened its next-generation, lower-cost vehicles to all riders in Los Angeles, Phoenix, and San Francisco. Lower production, operating, and maintenance costs could improve Waymo’s long-term scalability. Waymo robotaxi expansion
- Positive Sentiment: Investor sentiment was supported by institutional backing and favorable technical signals. Berkshire Hathaway reportedly increased its Alphabet position to approximately $37 billion, while Morgan Stanley identified Alphabet among large-cap technology stocks showing bullish momentum. Berkshire Alphabet investment
- Neutral Sentiment: Alphabet raised about $3.9 billion through its inaugural Australian-dollar bond, supporting AI and data-center investment but also adding to concerns about rising borrowing across the AI industry. Alphabet Australian dollar bond
- Negative Sentiment: Prediction markets indicate that Google’s next flagship Gemini Pro model is unlikely to launch before September, extending a delay that could weigh on competitive positioning in generative AI. Gemini launch delay
Alphabet Trading Up 0.2%
Shares of Alphabet stock opened at $344.72 on Thursday. Alphabet Inc. has a 52-week low of $196.60 and a 52-week high of $408.61. The stock's 50-day simple moving average is $352.64 and its 200 day simple moving average is $341.32. The stock has a market capitalization of $4.22 trillion, a P/E ratio of 17.31, a P/E/G ratio of 0.97 and a beta of 1.24. 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:GOOGL - Get Free Report) last issued its earnings results 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. The firm had revenue of $119.80 billion during the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. As a group, research analysts anticipate that Alphabet Inc. will post 20.51 EPS for the current year.
Alphabet Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is 4.42%.
Analyst Ratings Changes
A number of analysts recently commented on the company. Evercore lifted their price target on Alphabet from $400.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, April 30th. Citigroup restated an "outperform" rating on shares of Alphabet in a research note on Monday, May 4th. Barclays reaffirmed an "overweight" rating and set a $425.00 target price (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Morgan Stanley set a $400.00 target price on Alphabet and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Finally, Sanford C. Bernstein reissued a "market perform" rating and issued a $390.00 price target (up from $345.00) on shares of Alphabet in a report on Thursday, April 30th. Five analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Alphabet presently has an average rating of "Buy" and a consensus price target of $419.86.
View Our Latest Analysis on Alphabet
Alphabet Profile
(
Free Report)
Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.
Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.
See Also
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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