United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases 3,600 Shares of Alphabet Inc. $GOOG

Key Points

• United Super increased its Alphabet position by 2.2%: The fund bought 3,600 additional shares, bringing its holdings to 166,216 shares valued at approximately $58.7 million, or 1.1% of its portfolio.
• Alphabet delivered strong quarterly results: The company reported $9.11 in earnings per share and $119.8 billion in revenue, exceeding analyst estimates, while revenue grew 24.2% year over year.
• Investor sentiment remains broadly positive but risks persist: Analysts maintain a consensus “Buy” rating with an average price target of $415.55, although insiders sold shares recently and Alphabet faces rising AI infrastructure costs and execution concerns.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,216 shares of the information services provider's stock after purchasing an additional 3,600 shares during the quarter. Alphabet accounts for 1.1% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's portfolio, making the stock its 24th largest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in Alphabet were worth $58,729,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nvest Wealth Strategies Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at $38,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet during the 4th quarter valued at about $38,000. Imprint Wealth LLC bought a new stake in Alphabet in the third quarter valued at about $31,000. Bard Associates Inc. bought a new stake in Alphabet in the fourth quarter valued at about $41,000. Finally, Towne Trust Company N.A raised its position in Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock worth $42,000 after purchasing an additional 34 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet Stock Performance

NASDAQ GOOG opened at $338.20 on Friday. Alphabet Inc. has a 1-year low of $200.40 and a 1-year high of $404.47. The company has a 50 day moving average of $350.67 and a 200-day moving average of $339.72. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.14 trillion, a price-to-earnings ratio of 16.99, a PEG ratio of 0.96 and a beta of 1.23.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.87 by $6.24. The business had revenue of $119.80 billion for the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.Alphabet's revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.31 EPS. On average, equities analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Insiders Place Their Bets

In other news, insider John Kent Walker sold 8,998 shares of the stock in a transaction on 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 sale, the insider owned 75,290 shares in the company, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the transaction, the director directly owned 1,481 shares of the company's stock, valued at $545,941.03. This represents a 41.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 451,945 shares of company stock worth $12,382,714 in the last three months. Company insiders own 12.99% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway increased its Alphabet position: Berkshire disclosed that it raised its Alphabet stake by 83% in the second quarter to nearly 106 million shares valued at approximately $37.8 billion. Warren Buffett said the investment was his idea, providing a significant vote of confidence in Alphabet’s valuation and AI prospects. Warren Buffett’s Empire Just Made a Massive AI Bet Nobody Saw Coming
• Positive Sentiment: Analyst remains bullish: Rosenblatt Securities initiated coverage with a “Buy” rating, while analyst Scott Devitt reportedly expects Alphabet to reach a new record high over the next 12 months. This may help counter recent concerns about the stock’s pullback. Alphabet receives Rosenblatt Buy rating
• Positive Sentiment: Waymo expanded its commercial technology: Alphabet’s autonomous-driving unit introduced an in-house chip capable of more than 1,000 trillion operations per second and opened its cheaper next-generation robotaxi to all riders in Los Angeles, Phoenix and San Francisco. The moves could reduce reliance on Nvidia and lower fleet costs over time. Waymo’s cheaper, next-gen robotaxi is now open to all riders
• Neutral Sentiment: Google is broadening AI monetization: New Gemini Enterprise coding capabilities, student tools and publisher “favorite source” controls support product adoption, although their near-term revenue impact remains uncertain. Google launches new study tools
• Negative Sentiment: AI spending is increasing financial pressure: Alphabet raised approximately $3.9 billion in its first Australian-dollar bond sale as it funds its AI infrastructure expansion. Borrowing supports growth but raises interest costs and reinforces investor concerns about the scale of capital expenditures. Alphabet raises $3.9 billion in Australian bond sale
• Negative Sentiment: Marvell adds competitive risk: Google agreed to develop custom silicon with Marvell and received warrants to potentially acquire nearly 59 million Marvell shares. The arrangement could diversify Google’s supply chain but raises questions about Broadcom’s share of Google’s TPU ecosystem and the cost of maintaining multiple chip partnerships. Marvell pops on Google AI chip deal
• Negative Sentiment: Execution and legal concerns remain: Prediction markets indicate a likely delay for Google’s flagship Gemini Pro release, while a court postponed approval of Google’s $10 million Spirit Airlines data purchase after union objections over confidential information. Former Google chief scientist Jeff Dean’s departure also adds to leadership uncertainty in AI. Traders bet Google’s delayed Gemini flagship will slip into autumn

Analyst Ratings Changes

A number of brokerages have commented on GOOG. Roth Capital raised their price target on shares of Alphabet from $435.00 to $440.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. DA Davidson dropped their target price on Alphabet from $375.00 to $350.00 and set a "neutral" rating for the company in a report on Thursday, July 23rd. Phillip Securities upgraded Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 27th. Stifel Nicolaus set a $420.00 price target on Alphabet in a research note on Wednesday, May 20th. Finally, HSBC set a $515.00 price target on Alphabet in a research note on Friday, August 14th. Six investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Alphabet presently has a consensus rating of "Buy" and an average price target of $415.55.

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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