Vise Technologies Inc. Purchases 159,144 Shares of Alphabet Inc. $GOOGL

Key Points

• Vise Technologies increased its Alphabet position by 70.2% in the second quarter, acquiring 159,144 additional shares for a total of 385,811 shares valued at approximately $137.9 million.
• Alphabet reported quarterly EPS of $9.11, far exceeding the $2.89 analyst consensus, while revenue reached $119.8 billion versus expectations of $117.07 billion.
• Alphabet shares opened at $342.48, and analysts maintained a broadly bullish outlook with a consensus “Buy” rating and an average price target of $420.19. The company also declared a quarterly dividend of $0.22 per share.

Vise Technologies Inc. lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 70.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 385,811 shares of the information services provider's stock after acquiring an additional 159,144 shares during the quarter. Alphabet accounts for approximately 1.6% of Vise Technologies Inc.'s investment portfolio, making the stock its 9th biggest holding. Vise Technologies Inc.'s holdings in Alphabet were worth $137,877,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Lifetime Wealth Management P.C. purchased a new position in Alphabet during the fourth quarter worth approximately $32,000. EMC Capital Management purchased a new stake in shares of Alphabet in the fourth quarter valued at approximately $33,000. IFC & Insurance Marketing Inc. acquired a new position in shares of Alphabet during the 4th quarter worth approximately $38,000. Bard Associates Inc. acquired a new position in shares of Alphabet during the 4th quarter worth approximately $52,000. Finally, iSAM Funds UK Ltd purchased a new position in shares of Alphabet during the 3rd quarter valued at approximately $53,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Up 1.6%

Shares of GOOGL stock opened at $342.48 on Friday. The stock's fifty day moving average is $349.00 and its two-hundred day moving average is $342.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The firm has a market capitalization of $4.19 trillion, a P/E ratio of 17.20, a PEG ratio of 0.98 and a beta of 1.22. Alphabet Inc. has a fifty-two week low of $226.11 and a fifty-two week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.89 by $6.22. The business 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%. Research analysts expect that Alphabet Inc. will post 20.5 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: A federal judge rejected the U.S. government’s request to force Google to sell its AdX advertising exchange and other ad-tech assets. Although Alphabet must change certain business practices, avoiding a breakup preserves the company’s advertising infrastructure and revenue potential. Google defeats US bid to force ad tech sale
• Positive Sentiment: Berkshire Hathaway increased its Alphabet stake, with CEO Greg Abel describing Google as a significant AI player. The investment is a high-profile endorsement of Alphabet’s long-term competitive position in AI. Berkshire CEO Abel says Alphabet a significant player in AI
• Positive Sentiment: Google introduced conversational AI voice features for Gmail, Docs and Keep, expanding Gemini’s integration into widely used Workspace products. A new weather-forecasting model and planned AI image tools also highlight continued product development and potential monetization opportunities. Google launches AI voice features in Gmail, Docs and Keep
• Positive Sentiment: Rosenblatt Securities reaffirmed its buy rating and set a $410 price target. Alphabet will also pay a quarterly dividend of $0.22 per share to eligible shareholders, adding to its shareholder-return appeal. Google to pay dividends this month
• Neutral Sentiment: Alphabet agreed to purchase approximately 396 megawatts of geothermal power from Fervo Energy for a Utah data center, with an expansion option. The deal supports reliable power for AI infrastructure but also underscores the scale and cost of Alphabet’s data-center buildout.
• Negative Sentiment: Investors continue to weigh antitrust-related behavioral remedies, a securities-fraud investigation, insider selling reports and concerns that the promised Gemini 3.5 Pro flagship model remains delayed. These issues could limit sentiment despite the favorable breakup ruling. Securities fraud investigation into Alphabet

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the company's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the sale, the director directly owned 1,481 shares in the company, valued at $545,941.03. This represents a 41.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 451,925 shares of company stock valued at $12,371,544. 11.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Morgan Stanley set a $400.00 price target on shares of Alphabet and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Barclays reiterated an "overweight" rating and issued a $425.00 target price (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Roth Capital reissued a "buy" rating and set a $440.00 target price (up from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Jefferies Financial Group restated a "buy" rating on shares of Alphabet in a research report on Monday, June 22nd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $425.00 price target on shares of Alphabet in a research note on Thursday, July 23rd. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $420.19.

Alphabet Company Profile

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.

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