NewEdge Advisors LLC Acquires 49,018 Shares of Alphabet Inc. $GOOG

NewEdge Advisors LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 7.4% in the first quarter, HoldingsChannel.com reports. The fund owned 715,045 shares of the information services provider’s stock after buying an additional 49,018 shares during the quarter. Alphabet comprises 0.7% of NewEdge Advisors LLC’s portfolio, making the stock its 22nd biggest holding. NewEdge Advisors LLC’s holdings in Alphabet were worth $205,118,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Blue Edge Capital LLC lifted its holdings in shares of Alphabet by 1.0% in the first quarter. Blue Edge Capital LLC now owns 25,367 shares of the information services provider’s stock worth $7,277,000 after buying an additional 239 shares in the last quarter. Caerus Investment Advisors LLC increased its holdings in Alphabet by 1.2% in the 1st quarter. Caerus Investment Advisors LLC now owns 43,413 shares of the information services provider’s stock valued at $12,453,000 after acquiring an additional 531 shares during the last quarter. First Nebraska Trust Co bought a new stake in Alphabet in the 1st quarter valued at $3,904,000. Foguth Wealth Management LLC. lifted its stake in Alphabet by 27.9% in the 1st quarter. Foguth Wealth Management LLC. now owns 4,051 shares of the information services provider’s stock worth $1,162,000 after purchasing an additional 883 shares in the last quarter. Finally, Financial Solutions Advisory Group Inc. purchased a new stake in Alphabet in the 1st quarter worth $272,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In related news, Director Frances Arnold sold 82 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $333.39, for a total transaction of $27,337.98. Following the sale, the director owned 18,914 shares in the company, valued at approximately $6,305,738.46. This represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the sale, the insider owned 75,290 shares in the company, valued at $26,298,044.10. The trade was a 10.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 600,547 shares of company stock valued at $16,255,540 over the last quarter. Company insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. BMO Capital Markets raised their price objective on Alphabet from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Rosenblatt Securities set a $393.00 target price on Alphabet in a research report on Thursday, July 23rd. Wolfe Research set a $460.00 price target on Alphabet in a research note on Thursday, July 23rd. Royal Bank Of Canada restated a “buy” rating and set a $475.00 price target on shares of Alphabet in a report on Thursday, July 23rd. Finally, Pivotal Research lifted their price objective on Alphabet from $470.00 to $475.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Seven research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $410.09.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $360.13 on Thursday. The firm has a fifty day simple moving average of $354.99 and a two-hundred day simple moving average of $338.67. Alphabet Inc. has a 52 week low of $194.47 and a 52 week high of $404.47. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $4.40 trillion, a P/E ratio of 18.09, a PEG ratio of 1.05 and a beta of 1.23.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $6.24. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The firm had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $116.53 billion. During the same period in the prior year, the company earned $2.31 EPS. The business’s revenue was up 24.2% compared to the same quarter last year. On average, analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet’s dividend payout ratio is 4.42%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is reportedly discussing a potential deal exceeding $1.5 billion with AI coding-agent startup Mechanize. The arrangement could include hiring employees and licensing technology, strengthening Google’s coding-AI capabilities while addressing talent shortages. Google Mechanize deal article
• Positive Sentiment: Alphabet’s recent operating backdrop remains strong: second-quarter revenue reached $119.8 billion, up roughly 24% year over year, while Google Cloud growth and a large backlog support continued AI investment. Analysts cited in the coverage maintain generally bullish long-term views. Alphabet backlog article
• Positive Sentiment: Alphabet recently began selling its custom Tensor Processing Units directly to customers, creating a potential new AI-chip revenue stream alongside its cloud and advertising businesses. Alphabet AI chip article
• Neutral Sentiment: DeepMind CEO Demis Hassabis is moving into Alphabet’s chief scientist role, with the company emphasizing AI safety and long-term research. The shift could improve coordination across research efforts, but investors are uncertain about its near-term effect on product execution. Reuters AI leadership article
• Negative Sentiment: Chief scientist Jeff Dean and researchers including Oriol Vinyals, Quoc Le and Sanjay Ghemawat are leaving to form Discovery Loop, an AI-for-science startup backed by Google. The departures intensified fears of a talent drain and disruption to Gemini and other AI initiatives. CNBC Jeff Dean departure article
• Negative Sentiment: The leadership overhaul comes while the next major Gemini release remains delayed, increasing concern that Alphabet may be falling behind rivals in rapidly advancing AI models. Alphabet AI leadership concerns article
• Negative Sentiment: A U.K. tribunal allowed a $6.7 billion advertiser class action alleging Google abused its market position to proceed, adding legal and potential financial risk. UK advertiser class action article

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.