Vise Technologies Inc. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 70.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 385,811 shares of the information services provider’s stock after acquiring an additional 159,144 shares during the quarter. Alphabet comprises 1.6% of Vise Technologies Inc.’s holdings, making the stock its 9th largest holding. Vise Technologies Inc.’s holdings in Alphabet were worth $137,877,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd raised its position in Alphabet by 12.4% in the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 325,833 shares of the information services provider’s stock valued at $115,947,000 after purchasing an additional 35,851 shares during the period. Asahi Life Asset Management CO. LTD. grew its holdings in shares of Alphabet by 39.3% during the 2nd quarter. Asahi Life Asset Management CO. LTD. now owns 24,884 shares of the information services provider’s stock worth $8,893,000 after purchasing an additional 7,023 shares during the period. Financial Alternatives Inc grew its holdings in shares of Alphabet by 17.3% during the 2nd quarter. Financial Alternatives Inc now owns 1,468 shares of the information services provider’s stock worth $525,000 after purchasing an additional 217 shares during the period. MSH Capital Advisors LLC increased its position in shares of Alphabet by 15.2% during the 2nd quarter. MSH Capital Advisors LLC now owns 20,135 shares of the information services provider’s stock worth $7,195,000 after purchasing an additional 2,657 shares during the last quarter. Finally, NWK Group Inc. increased its position in shares of Alphabet by 0.3% during the 2nd quarter. NWK Group Inc. now owns 70,846 shares of the information services provider’s stock worth $25,318,000 after purchasing an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.
Insider Buying and Selling at Alphabet
In related news, insider John Walker sold 8,998 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total transaction of $149,606.80. Following the sale, the chief accounting officer owned 27,386 shares in the company, valued at approximately $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. Over the last ninety days, insiders have sold 451,925 shares of company stock worth $12,371,544. 11.61% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Check Out Our Latest Research Report on Alphabet
Alphabet Stock Performance
Shares of Alphabet stock opened at $342.48 on Friday. The business has a 50-day moving average of $349.00 and a 200 day moving average of $342.64. Alphabet Inc. has a 12 month low of $226.11 and a 12 month high of $408.61. The stock has a market capitalization of $4.19 trillion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 0.98 and a beta of 1.22. 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 earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating the consensus estimate of $2.89 by $6.22. The company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. As a group, sell-side analysts forecast that Alphabet Inc. will post 20.5 earnings per share 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 is 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 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
About Alphabet
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.
Recommended Stories
- Five stocks we like better than Alphabet
- The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
- NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now
- Dropping the Dough: Yum! Brands Strategically Trims the Fat
- These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL – Free Report).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
