Alphabet Inc. $GOOG Shares Bought by Trivium Point Advisory LLC

Trivium Point Advisory LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 223.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 51,372 shares of the information services provider’s stock after buying an additional 35,483 shares during the period. Alphabet makes up 1.6% of Trivium Point Advisory LLC’s holdings, making the stock its 11th largest holding. Trivium Point Advisory LLC’s holdings in Alphabet were worth $18,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of GOOG. Imprint Wealth LLC purchased a new stake in shares of Alphabet in the 3rd quarter worth about $31,000. Nvest Wealth Strategies Inc. purchased a new stake in Alphabet during the 4th quarter worth about $38,000. Lifetime Wealth Management P.C. acquired a new position in Alphabet in the 4th quarter valued at about $38,000. Bard Associates Inc. acquired a new position in Alphabet in the 4th quarter valued at about $41,000. Finally, Commonwealth Retirement Investments LLC purchased a new position in Alphabet in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOG opened at $341.75 on Friday. The stock has a market cap of $4.18 trillion, a PE ratio of 17.16, a P/E/G ratio of 0.96 and a beta of 1.23. 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 firm has a 50-day moving average of $350.34 and a 200-day moving average of $339.73. Alphabet Inc. has a 52-week low of $202.13 and a 52-week high of $404.47.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $6.24. The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Alphabet’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.31 EPS. On average, sell-side analysts anticipate that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be given 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 dividend payout ratio is presently 4.42%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI infrastructure expansion: Alphabet’s expanded custom-silicon relationship with Marvell covers components connected to Google’s TPU ecosystem, including inference accelerators, networking, storage, and memory products. The agreement gives Alphabet more supply-chain flexibility and supports continued AI capacity growth, although it may increase dependence on multiple chip partners. Jensen Huang Thinks This Chip Stock Could Hit $1 Trillion
• Positive Sentiment: Waymo growth: Alphabet’s autonomous-driving unit received approval to operate thousands of robotaxis in Nevada and has expanded its lower-cost next-generation vehicles to riders in Los Angeles, Phoenix, and San Francisco. Waymo also introduced a custom AI chip designed to reduce reliance on Nvidia and AMD, potentially improving long-term economics. Robotaxi Permits in Nevada
• Positive Sentiment: Investor and analyst support: Berkshire Hathaway significantly increased its Alphabet position, reinforcing the view that the company fits a value-oriented investment strategy. Rosenblatt initiated coverage with a “Buy” rating, while analysts continue to point to resilient Search, fast-growing Cloud, and strong earnings momentum. Berkshire’s Alphabet Investment
• Neutral Sentiment: DeepMind leadership transition: Nobel Prize-winning co-founder Demis Hassabis is moving from day-to-day management to chairman and chief scientist roles, while Koray Kavukcuoglu will oversee operations. The change could improve Alphabet-wide AI coordination, but investors may monitor execution and retention risks. DeepMind Leadership Change
• Negative Sentiment: Firebase enforcement risk: Indian authorities directed Google to remove hundreds of Firebase accounts allegedly used in bank impersonation scams. The action could increase compliance costs and renew concerns about misuse of Alphabet’s platforms. India Orders Removal of Firebase Accounts

Insider Transactions at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on 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 directly 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 451,945 shares of company stock worth $12,382,714 over the last three months. Company insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $475.00 price target on shares of Alphabet in a research note on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research note on Friday, July 17th. HSBC set a $515.00 target price on shares of Alphabet in a research report on Friday, August 14th. Rosenblatt Securities assumed coverage on shares of Alphabet in a research note on Thursday. They issued a “buy” rating for the company. Finally, Freedom Capital upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Alphabet presently has an average rating of “Buy” and a consensus target price of $415.55.

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.