55 North Private Wealth LLC Has $2.72 Million Holdings in Alphabet Inc. $GOOG

55 North Private Wealth LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 25.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,692 shares of the information services provider’s stock after purchasing an additional 1,559 shares during the quarter. Alphabet accounts for approximately 0.5% of 55 North Private Wealth LLC’s investment portfolio, making the stock its 26th biggest holding. 55 North Private Wealth LLC’s holdings in Alphabet were worth $2,718,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Evanson Financial LLC bought a new position in Alphabet in the second quarter valued at $51,560,000. Israel Discount Bank of New York bought a new stake in Alphabet during the 2nd quarter worth about $237,000. Pioneer Wealth Management Group boosted its stake in shares of Alphabet by 21.4% during the 2nd quarter. Pioneer Wealth Management Group now owns 1,378 shares of the information services provider’s stock worth $487,000 after buying an additional 243 shares during the last quarter. Fermata Advisors LLC grew its holdings in shares of Alphabet by 11.5% in the 2nd quarter. Fermata Advisors LLC now owns 4,989 shares of the information services provider’s stock valued at $1,763,000 after acquiring an additional 515 shares in the last quarter. Finally, First Citizens Financial Corp grew its holdings in shares of Alphabet by 20.2% in the 2nd quarter. First Citizens Financial Corp now owns 2,270 shares of the information services provider’s stock valued at $802,000 after acquiring an additional 381 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wedbush assumed coverage on Alphabet in a report on Thursday, July 16th. They set an “outperform” rating and a $445.00 target price on the stock. Morgan Stanley decreased their price target on Alphabet from $415.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. UBS Group reiterated a “neutral” rating and set a $379.00 price objective (down from $400.00) on shares of Alphabet in a research note on Thursday, July 23rd. Raymond James Financial reissued a “strong-buy” rating on shares of Alphabet in a report on Thursday, July 23rd. Finally, Wells Fargo & Company decreased their target price on shares of Alphabet from $418.00 to $411.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Seven analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $410.09.

Alphabet Trading Down 1.0%

Shares of NASDAQ:GOOG opened at $356.62 on Friday. Alphabet Inc. has a 52-week low of $195.22 and a 52-week 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. The company has a market capitalization of $4.36 trillion, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 1.01 and a beta of 1.23. The company has a 50-day simple moving average of $354.40 and a 200 day simple moving average of $338.85.

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

Alphabet Announces Dividend

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

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s planned 10-part bond offering of up to $25 billion was met with approximately $115 billion in investor orders, indicating strong confidence in the company’s credit quality and long-term AI strategy. The funds are intended to support data-center expansion and other infrastructure investments. Google’s AI Bond Sale Attracts $115 Billion of Orders
• Positive Sentiment: Google Cloud continues to benefit from strong AI demand, while AI lab Mirendil signed a multiyear, $100 million-plus agreement to obtain computing capacity from Google Cloud. Such contracts could help monetize Alphabet’s substantial AI infrastructure spending. Mirendil Inks $100M+ Google Cloud Deal
• Neutral Sentiment: The debt sale gives Alphabet additional flexibility to fund its roughly $205 billion AI infrastructure plan, but it also increases borrowing and raises questions about returns on capital. Strong demand for the bonds reduces near-term financing risk, although investors are likely to scrutinize spending discipline and future profitability. Alphabet Seeks Up to $25 Billion From Bond Sale
• Negative Sentiment: Alphabet is facing renewed concerns about its ability to lead in frontier AI after chief scientist Jeff Dean departed to launch a startup with other researchers, while DeepMind chief Demis Hassabis moved away from day-to-day management into a broader chief scientist role. The departures heighten fears of a talent drain and potential disruption to Gemini and other AI initiatives. Google Shakes Up AI Leadership
• Negative Sentiment: Commentary suggests Google Cloud’s commercial growth is competing for scarce computing resources and management attention with DeepMind’s longer-term AI research, adding execution risk as Alphabet attempts to scale both businesses. Alphabet’s Cloud Growth Straining Its Frontier AI Push

Insider Buying and Selling

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares of the company’s stock, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 600,547 shares of company stock valued at $16,255,540. 12.99% of the stock is owned by insiders.

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.