Meyer Handelman Co. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 301,994 shares of the information services provider’s stock after selling 3,260 shares during the quarter. Alphabet accounts for 3.0% of Meyer Handelman Co.’s portfolio, making the stock its 3rd largest position. Meyer Handelman Co.’s holdings in Alphabet were worth $106,704,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in GOOG. Auto Owners Insurance Co lifted its position in Alphabet by 38,409.2% in the 4th quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock valued at $5,643,262,000 after acquiring an additional 179,369,280 shares in the last quarter. J. Stern & Co. LLP increased its holdings in shares of Alphabet by 28,482.8% in the 4th quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock worth $35,174,429,000 after purchasing an additional 111,699,704 shares in the last quarter. Norges Bank bought a new stake in shares of Alphabet in the 4th quarter worth $18,093,665,000. Cardano Risk Management B.V. raised its stake in shares of Alphabet by 850.3% in the fourth quarter. Cardano Risk Management B.V. now owns 17,692,600 shares of the information services provider’s stock worth $5,551,938,000 after purchasing an additional 15,830,754 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Alphabet by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock worth $132,114,125,000 after purchasing an additional 8,128,234 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.
Alphabet Price Performance
Alphabet stock opened at $343.54 on Monday. Alphabet Inc. has a one year low of $197.46 and a one year high of $404.47. The stock has a fifty day moving average of $352.09 and a 200 day moving average of $339.62. 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 stock has a market cap of $4.20 trillion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 0.96 and a beta of 1.23.
Alphabet Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet’s dividend payout ratio is 4.42%.
Analyst Upgrades and Downgrades
GOOG has been the topic of a number of research analyst reports. Roth Capital upped their price target on Alphabet from $435.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Oppenheimer reissued an “outperform” rating and issued a $400.00 target price (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Royal Bank Of Canada reissued a “buy” rating and issued a $475.00 target price on shares of Alphabet in a research report on Thursday, July 23rd. Wells Fargo & Company lowered their target price on shares of Alphabet from $418.00 to $411.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Finally, UBS Group reaffirmed a “neutral” rating and set a $379.00 price target (down from $400.00) on shares of Alphabet in a report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Buy” and a consensus price target of $415.55.
Read Our Latest Stock Analysis on Alphabet
Insider Buying and Selling at Alphabet
In related news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the transaction, the director owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. This trade represents a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 451,945 shares of company stock worth $12,382,714 over the last quarter. Company insiders own 12.99% of the company’s stock.
More Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Berkshire Hathaway significantly increased its Alphabet position. Berkshire owned approximately 106 million shares worth $37.9 billion at the end of June after raising its stake by 83% during the second quarter. Alphabet is now Berkshire’s third-largest U.S.-listed equity holding, a notable vote of confidence under CEO Greg Abel. Berkshire Hathaway boosts Alphabet to a top three holding
- Positive Sentiment: Digital advertising estimates improved. July advertiser spending exceeded consensus expectations, supporting the outlook for Alphabet’s core advertising business. Alphabet also launched Gemini 3.7 Flash for coding and automated business workflows, potentially expanding monetization opportunities in enterprise AI. Internet stock advertising estimate revisions
- Positive Sentiment: Alphabet’s SpaceX investment has become a major unrealized asset. The company disclosed that its roughly $900 million investment in SpaceX is now worth about $94 billion, highlighting the value of Alphabet’s venture portfolio, although the gain does not directly represent operating revenue or cash flow. Alphabet’s SpaceX bet grows 100-fold
- Positive Sentiment: Other institutions also added exposure. UniSuper increased its GOOG and GOOGL holdings, while several major funds reported purchases, reinforcing the perception that Alphabet remains attractively valued after its recent pullback.
- Neutral Sentiment: Google expanded Gemini access in schools and introduced tools allowing users to remove visible watermarks from AI-generated content while retaining invisible SynthID protections. These moves could improve adoption but have uncertain near-term financial effects. Google turns on Gemini AI for students
- Negative Sentiment: Gemini lost chatbot-visit share to ChatGPT in July. Although Gemini surpassed one billion monthly active users, its share of chatbot visits fell to 28.8%, raising concerns about competitive momentum in consumer AI.
- Negative Sentiment: AI investment is pressuring cash flow. Analysts continue to flag Alphabet’s very high data-center and chip spending, with some estimates showing weaker free-cash-flow generation than Microsoft and Meta in 2027.
- Negative Sentiment: Several funds reduced Alphabet positions. Barclays, Franklin Resources, Magellan and other managers reported trimming GOOG or GOOGL holdings, partially offsetting Berkshire’s large purchase. Alphabet also faces reputational risk from a reported Google-ad phishing scam and a law-firm investigation of investor claims.
Alphabet 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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