Alphabet Inc. $GOOG Stock Holdings Boosted by Bollard Group LLC

Bollard Group LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 427,725 shares of the information services provider’s stock after purchasing an additional 2,753 shares during the period. Alphabet accounts for approximately 3.6% of Bollard Group LLC’s portfolio, making the stock its 6th largest holding. Bollard Group LLC’s holdings in Alphabet were worth $122,697,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Pennington Partners & CO. LLC raised its stake in shares of Alphabet by 397.6% in the first quarter. Pennington Partners & CO. LLC now owns 18,004 shares of the information services provider’s stock valued at $5,164,000 after buying an additional 14,386 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Alphabet by 20.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,418,059 shares of the information services provider’s stock worth $693,644,000 after acquiring an additional 404,631 shares during the period. FCA Corp TX grew its stake in shares of Alphabet by 4.6% during the 1st quarter. FCA Corp TX now owns 20,043 shares of the information services provider’s stock worth $5,750,000 after acquiring an additional 873 shares during the period. Klingman & Associates LLC increased its holdings in Alphabet by 1.3% in the 1st quarter. Klingman & Associates LLC now owns 30,999 shares of the information services provider’s stock worth $8,892,000 after acquiring an additional 388 shares during the last quarter. Finally, CLG LLC increased its holdings in Alphabet by 1.0% in the 1st quarter. CLG LLC now owns 10,774 shares of the information services provider’s stock worth $3,091,000 after acquiring an additional 110 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the sale, the director owned 1,481 shares of the company’s stock, valued at $545,941.03. This trade represents a 41.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The SEC filing for this sale provides additional information. Insiders sold 159,415 shares of company stock valued at $7,672,279 over the last 90 days. Insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on GOOG. Canaccord Genuity Group set a $450.00 price objective on shares of Alphabet in a report on Thursday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a research note on Thursday. The Goldman Sachs Group reissued a “buy” rating and issued a $450.00 price target on shares of Alphabet in a research report on Thursday, May 21st. Wolfe Research set a $460.00 price target on shares of Alphabet in a research note on Thursday. Finally, JPMorgan Chase & Co. cut their price objective on shares of Alphabet from $460.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday. Six equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $410.09.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $319.09 on Monday. The company has a 50 day moving average of $360.63 and a 200 day moving average of $337.53. 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 stock has a market cap of $3.87 trillion, a P/E ratio of 16.03, a P/E/G ratio of 1.08 and a beta of 1.23. Alphabet Inc. has a 12 month low of $188.70 and a 12 month high of $404.47.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.87 by $6.24. The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the firm earned $2.31 EPS. As a group, sell-side analysts forecast that Alphabet Inc. will post 17.25 EPS for the current fiscal year.

Alphabet Dividend Announcement

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 paid a dividend of $0.22 per share. 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 currently 4.42%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet posted a strong Q2 beat, with revenue and EPS coming in ahead of expectations, while Google Cloud revenue surged 82% and cloud margins improved sharply.
• Positive Sentiment: AI and product demand remain strong, with management saying AI usage is rising across Search, Cloud, and Gemini, supporting the long-term growth story.
• Positive Sentiment: Several analysts reiterated bullish views or raised targets, and multiple commentary pieces argued the stock looks attractive after the pullback.
• Positive Sentiment: Verizon signed a deal worth more than $1 billion with Google for dark fiber connectivity, adding another sign of infrastructure demand tied to Alphabet’s data-center buildout. Article Title
• Neutral Sentiment: Waymo is reportedly considering ending its Uber partnership, which could affect how quickly Alphabet’s robotaxi business scales, but the direct financial impact is still unclear. Article Title
• Neutral Sentiment: Alphabet also disclosed a large SpaceX stake and saw some institutional holders trim positions, but these items are secondary to the main debate over AI spending and cash flow.
• Negative Sentiment: Investors were unnerved by Alphabet’s higher CapEx guidance and negative free cash flow, which raised concerns that AI spending may be outpacing near-term returns.
• Negative Sentiment: Alphabet was also hit by an EU antitrust fine of about $1 billion, adding another regulatory overhang. Article Title
• Negative Sentiment: Moody’s warned that the industry-wide AI buildout could threaten credit quality at Alphabet and other hyperscalers, reinforcing concerns about balance-sheet strain from heavy infrastructure investment. Article Title

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.