NewEdge Advisors LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,305,569 shares of the information services provider's stock after acquiring an additional 16,230 shares during the quarter. Alphabet comprises 1.4% of NewEdge Advisors LLC's investment portfolio, making the stock its 9th biggest holding. NewEdge Advisors LLC's holdings in Alphabet were worth $466,571,000 as of its most recent SEC filing.

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Several other hedge funds and other institutional investors have also made changes to their positions in the business. Invesco Ltd. increased its stake in Alphabet by 0.5% in the fourth quarter. Invesco Ltd. now owns 45,394,474 shares of the information services provider's stock valued at $14,208,470,000 after purchasing an additional 208,362 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Alphabet by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 38,106,033 shares of the information services provider's stock worth $11,927,189,000 after buying an additional 583,078 shares during the last quarter. Amundi lifted its position in shares of Alphabet by 4.6% during the 2nd quarter. Amundi now owns 33,203,350 shares of the information services provider's stock worth $11,865,809,000 after buying an additional 1,457,371 shares during the last quarter. Nuveen LLC boosted its holdings in shares of Alphabet by 1.7% in the 4th quarter. Nuveen LLC now owns 29,166,806 shares of the information services provider's stock valued at $9,129,210,000 after buying an additional 478,848 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Alphabet by 10.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,724,321 shares of the information services provider's stock valued at $6,334,186,000 after buying an additional 1,631,721 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Alphabet from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Freedom Capital upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. Tigress Financial reaffirmed a "strong-buy" rating and set a $485.00 price objective (up from $415.00) on shares of Alphabet in a report on Thursday. Needham & Company LLC reaffirmed a "buy" rating and set a $450.00 price objective on shares of Alphabet in a report on Wednesday, June 3rd. Finally, Wedbush reiterated an "outperform" rating and set a $445.00 target price on shares of Alphabet in a research report on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $422.16.

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Get Our Latest Stock Report on Alphabet

Alphabet Trading Up 1.6%

NASDAQ GOOGL opened at $354.97 on Tuesday. 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 market cap of $4.34 trillion, a PE ratio of 17.83, a P/E/G ratio of 1.01 and a beta of 1.22. Alphabet Inc. has a one year low of $235.84 and a one year high of $408.61. The firm's fifty day moving average is $345.25 and its two-hundred day moving average is $345.54.

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Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.89 by $6.22. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The business had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $117.07 billion. Analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 7th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet's dividend payout ratio is currently 4.42%.

Insider Buying and Selling at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares of the company's stock, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total value of $2,232,808.20. The SEC filing for this sale provides additional information. Insiders sold a total of 450,875 shares of company stock valued at $11,984,482 in the last ninety days. Insiders own 11.61% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet introduced new Gemini voice-AI models, strengthening its push into conversational assistants and potentially expanding Gemini’s consumer and commercial use cases. Alphabet pushes deeper into voice AI with new Gemini models
• Positive Sentiment: Google opened pre-orders for its $899 Googlebook AI laptop, giving Alphabet a potential new hardware channel for Gemini adoption and AI-related revenue growth. Google's $899 Googlebook is a bet that you'll buy a new laptop for Gemini
• Positive Sentiment: Google is lining up additional nuclear power for its AI infrastructure. Georgia Power agreed to upgrades at two nuclear plants that could add about 96 megawatts, while Kairos Power selected Samsung C&T to help build a 50-megawatt demonstration reactor targeted for completion by 2030. These arrangements could improve long-term access to reliable electricity, although the benefits are several years away. Southern Co unit signs deal with Google to add nuclear capacity
• Positive Sentiment: Analyst-related coverage remained supportive, including a higher fiscal-2026 EPS forecast from Erste Group Bank and continued investor interest in Alphabet’s multiple ways to monetize AI across Search, Cloud, and consumer products. Alphabet FY2026 EPS Forecast Increased by Erste Group Bank
• Neutral Sentiment: Alphabet, NVIDIA, and Emerald AI formed an alliance to develop power-flexible AI data centers. The initiative may help address grid constraints, but also highlights the substantial electricity and infrastructure requirements of Alphabet’s AI expansion.
• Neutral Sentiment: Google agreed to report child sexual-abuse material directly to Indian authorities, a compliance change that may improve regulatory relationships but adds to scrutiny of the company’s content-moderation practices. Google to report child abuse content directly to Indian authorities
• Negative Sentiment: Ireland’s Data Protection Commission fined Google €403 million, or approximately $463 million, over the processing of users’ location data. The penalty is manageable relative to Alphabet’s scale but raises ongoing regulatory, privacy, and potential compliance-cost concerns. Irish regulator fines Google €403 million over location data processing

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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