Nan Shan Life Insurance Co. Ltd. boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 615,674 shares of the information services provider's stock after purchasing an additional 15,941 shares during the quarter. Alphabet comprises 7.1% of Nan Shan Life Insurance Co. Ltd.'s holdings, making the stock its biggest position. Nan Shan Life Insurance Co. Ltd.'s holdings in Alphabet were worth $220,023,000 at the end of the most recent quarter.

• The End of Big Tech Buybacks? Only One Hyperscaler Is Still Repurchasing Shares

A number of other large investors also recently added to or reduced their stakes in GOOGL. Lifetime Wealth Management P.C. acquired a new position in Alphabet in the fourth quarter valued at approximately $32,000. EMC Capital Management acquired a new stake in Alphabet during the 4th quarter worth $33,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at $38,000. Bard Associates Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at $52,000. Finally, iSAM Funds UK Ltd bought a new position in shares of Alphabet in the 3rd quarter worth $53,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frances Arnold sold 112 shares of the firm's stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total transaction of $39,343.36. Following the completion of the transaction, the director directly owned 18,833 shares of the company's stock, valued at approximately $6,615,656.24. This trade represents a 0.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 450,875 shares of company stock worth $11,984,482. Company insiders own 11.61% of the company's stock.

Analyst Ratings Changes

• Fabrinet, Dycom and Qualcomm: 3 AI Fallen Angels Wall Street Just Marked Down

GOOGL has been the topic of several analyst reports. HSBC reissued a "buy" rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a research note on Tuesday, June 2nd. Morgan Stanley set a $400.00 price objective on shares of Alphabet and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Citizens Jmp reaffirmed a "market outperform" rating and issued a $515.00 target price on shares of Alphabet in a research note on Wednesday, July 22nd. DA Davidson set a $350.00 price target on shares of Alphabet and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen lowered shares of Alphabet from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Five research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Alphabet has an average rating of "Buy" and a consensus price target of $420.19.

View Our Latest Research Report on Alphabet

Alphabet Price Performance

• This AI ETF Is Missing the Biggest AI Winners

Shares of Alphabet stock opened at $338.50 on Monday. The business's 50 day simple moving average is $346.75 and its 200 day simple moving average is $343.88. Alphabet Inc. has a 52-week low of $235.84 and a 52-week high of $408.61. The firm has a market cap of $4.14 trillion, a PE ratio of 17.00, a P/E/G ratio of 0.98 and a beta of 1.22. 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 (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.89 by $6.22. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $117.07 billion. On average, analysts predict that Alphabet Inc. will post 20.52 earnings per share for the current fiscal year.

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 given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's payout ratio is currently 4.42%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google agreed to secure nuclear power for 22 years, reportedly locking in roughly half of a plant’s output through 2049. The deal could provide more predictable electricity costs and reliable power for energy-intensive AI data centers, strengthening Alphabet’s infrastructure position. Alphabet Jumps 2.5% After Locking In 22 Years of Nuclear Power
• Positive Sentiment: Google completed its acquisition of AI startup Mechanize in a deal reportedly valued at more than $1.5 billion. Mechanize’s former CEO and other employees are joining Google, potentially adding talent focused on AI agents and automation. Google just completed its $1.5 billion-plus deal for AI startup Mechanize
• Positive Sentiment: Investor commentary highlighted Alphabet’s strong AI and cloud outlook. Google Cloud is reportedly growing 82% year over year, while Alphabet’s Gemini technology is expanding into professional video-editing software, supporting the case that AI can broaden enterprise revenue beyond search advertising. Microsoft Vs. Alphabet: The Enterprise Fight No One Saw Coming
• Positive Sentiment: Recent coverage continues to present Alphabet as attractively valued relative to its growth prospects. The company’s latest reported quarter exceeded expectations, with earnings of $9.11 per share versus a $2.89 consensus estimate and revenue of $119.8 billion versus $117.07 billion expected.
• Neutral Sentiment: Alphabet’s inclusion among major AI and cloud beneficiaries, along with Berkshire Hathaway’s reported position in the company, may support investor interest but does not represent a new operating catalyst. Berkshire Hathaway Has a New Top Holding, and It Dominates Its Market
• Negative Sentiment: A law firm said it is continuing an investigation into possible federal securities-law violations involving Alphabet. The announcement does not establish wrongdoing, but it introduces a potential legal and reputational overhang. Securities Fraud Investigation Into Alphabet Continues
• Negative Sentiment: Alphabet faces scrutiny over the scale of AI infrastructure spending, potential financing pressure across the AI industry, and electricity-demand concerns related to new data centers. Finland opposition parties have warned that Google’s expansion could strain local power supplies and raise energy costs. Finland Risks Strained Power Supply After Google AI Deal

About Alphabet

(Free Report)

Alphabet Inc is a technology and holding company founded in 2015 through a restructuring of Google. The company is headquartered in Mountain View, California, and operates globally, serving consumers, businesses, advertisers and developers across numerous countries and regions.

Alphabet's largest business is Google Services, which includes Google Search, online advertising, YouTube, Android, Chrome, Google Maps, Google Play and hardware products such as Pixel devices. These products support activities including internet search, digital content distribution, mobile computing, online communications and advertising.

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