Resolute Advisors LLC Buys 5,763 Shares of Alphabet Inc. $GOOG

Resolute Advisors LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 201.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 8,624 shares of the information services provider’s stock after buying an additional 5,763 shares during the period. Alphabet comprises 1.0% of Resolute Advisors LLC’s holdings, making the stock its 16th biggest position. Resolute Advisors LLC’s holdings in Alphabet were worth $2,474,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nvest Wealth Strategies Inc. bought a new position in shares of Alphabet during the 4th quarter valued at about $38,000. Lifetime Wealth Management P.C. bought a new stake in shares of Alphabet in the fourth quarter worth about $38,000. Imprint Wealth LLC purchased a new stake in shares of Alphabet in the third quarter worth about $31,000. Bard Associates Inc. purchased a new stake in shares of Alphabet in the fourth quarter worth about $41,000. Finally, Towne Trust Company N.A boosted its stake in Alphabet by 34.0% during the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after buying an additional 34 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GOOG has been the subject of several research analyst reports. Scotiabank restated an “outperform” rating and set a $450.00 price target (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $420.00 price objective (down from $435.00) on shares of Alphabet in a report on Thursday. Canaccord Genuity Group set a $450.00 target price on Alphabet in a research report on Thursday. Wolfe Research set a $460.00 target price on shares of Alphabet in a report on Thursday. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Alphabet in a report on Thursday. Five analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $410.09.

Get Our Latest Report on Alphabet

Insiders Place Their Bets

In other news, insider John Kent Walker sold 8,998 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the sale, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was 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 have sold 159,415 shares of company stock valued at $7,672,279 over the last quarter. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Up 0.2%

NASDAQ GOOG opened at $319.09 on Friday. The company has a quick ratio of 1.92, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 52 week low of $188.70 and a 52 week high of $404.47. The firm has a market capitalization of $3.87 trillion, a price-to-earnings ratio of 16.03, a PEG ratio of 1.31 and a beta of 1.23. The company has a fifty day moving average of $360.63 and a two-hundred day moving average of $337.38.

Alphabet (NASDAQ:GOOGGet Free Report) last announced 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 $2.87 by $6.24. The business had revenue of $119.80 billion for 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 revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.31 earnings per share. On average, analysts predict that Alphabet Inc. will post 14.34 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed 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. 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 presently 4.42%.

Key Stories 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 Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGFree Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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.