Polar Asset Management Partners Inc. purchased a new stake in Alphabet Inc. (NASDAQ:GOOG – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 21,600 shares of the information services provider’s stock, valued at approximately $7,632,000.
Several other large investors have also modified their holdings of GOOG. Kinetic Partners Management LP raised its stake in Alphabet by 319.8% during the second quarter. Kinetic Partners Management LP now owns 166,260 shares of the information services provider’s stock worth $58,745,000 after purchasing an additional 126,660 shares during the period. American Trust raised its position in shares of Alphabet by 15.9% in the 2nd quarter. American Trust now owns 7,319 shares of the information services provider’s stock worth $2,586,000 after buying an additional 1,002 shares during the period. Cable Car Capital LP raised its holdings in shares of Alphabet by 24.4% in the 2nd quarter. Cable Car Capital LP now owns 1,458 shares of the information services provider’s stock worth $515,000 after purchasing an additional 286 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Alphabet by 8.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 8,956,115 shares of the information services provider’s stock valued at $3,164,464,000 after purchasing an additional 701,050 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in shares of Alphabet during the 2nd quarter worth about $29,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.
Alphabet Price Performance
GOOG opened at $332.03 on Wednesday. The company has a 50-day moving average of $347.23 and a 200-day moving average of $340.34. The company has a market capitalization of $4.06 trillion, a P/E ratio of 16.68, a PEG ratio of 0.97 and a beta of 1.23. Alphabet Inc. has a 1-year low of $206.96 and a 1-year high of $404.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72.
Alphabet Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet’s payout ratio is 4.42%.
Key Stories Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google DeepMind is reportedly preparing to release Gemini 3.8 Flash as early as this week. Internal testing suggests the model narrows Google’s coding-performance gap with OpenAI and Anthropic, potentially improving Alphabet’s position in enterprise AI and software development. New Google AI Model Said to Narrow Gap on Coding Ability
- Positive Sentiment: Alphabet-owned Waymo launched public robotaxi service in Denver, San Diego and Tampa, expanding its commercial operations to 14 U.S. cities. The rollout strengthens Alphabet’s long-term autonomous-driving opportunity as competition with Amazon’s Zoox and Tesla intensifies. Waymo accelerates robotaxi expansion
- Positive Sentiment: Google signed a 396-megawatt geothermal power agreement with Fervo Energy, supporting reliable, carbon-free electricity for data-center growth and its AI infrastructure strategy. Fervo signs geothermal power deal with Google
- Neutral Sentiment: Berkshire Hathaway made Alphabet its third-largest holding after reducing Bank of America exposure. The move provides a high-profile vote of confidence, but commentary questioning whether Alphabet is fully valued limits its immediate impact. Alphabet becomes Berkshire’s third-largest holding
- Negative Sentiment: Investors remain concerned that Meta’s AI advertising products and OpenAI’s rapidly growing ad business could threaten Google Search’s advertising dominance and future ad growth. Competition threatens Google Search advertising
- Negative Sentiment: Alphabet’s planned AI infrastructure spending—reportedly potentially reaching $205 billion this year—is raising concerns about depreciation, free cash flow and operating margins despite strong cloud and AI-driven revenue growth. Big Tech AI spending and depreciation concerns
- Negative Sentiment: EU regulators are examining Google’s proposed AI-search publisher opt-out, while a reported £260 million U.K. app-store settlement underscores continuing antitrust and regulatory exposure. EU regulators examine Google AI-search opt-out
Analyst Ratings Changes
Several research firms recently commented on GOOG. Citigroup restated a “market outperform” rating on shares of Alphabet in a report on Friday, August 14th. UBS Group reiterated a “neutral” rating and issued a $379.00 price target (down from $400.00) on shares of Alphabet in a report on Thursday, July 23rd. Stifel Nicolaus set a $420.00 target price on Alphabet in a research report on Wednesday, May 20th. Wells Fargo & Company dropped their target price on Alphabet from $418.00 to $411.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $475.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $415.55.
View Our Latest Research Report on GOOG
Insider Buying and Selling at Alphabet
In other news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the completion of the transaction, the director owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. The trade was a 41.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction dated Monday, July 27th. The stock was 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. Over the last 90 days, insiders sold 451,925 shares of company stock valued at $12,371,544. Corporate insiders own 12.99% of the company’s stock.
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.
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