Impax Asset Management Group plc Grows Holdings in Alphabet Inc. $GOOG

Impax Asset Management Group plc boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 5.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 79,368 shares of the information services provider’s stock after purchasing an additional 3,797 shares during the period. Impax Asset Management Group plc’s holdings in Alphabet were worth $28,043,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KilterHowling LLC lifted its position in shares of Alphabet by 1.5% during the 2nd quarter. KilterHowling LLC now owns 4,970 shares of the information services provider’s stock worth $1,756,000 after buying an additional 75 shares in the last quarter. Fairtree Asset Management Pty Ltd increased its position in shares of Alphabet by 10.8% during the second quarter. Fairtree Asset Management Pty Ltd now owns 35,518 shares of the information services provider’s stock valued at $12,550,000 after acquiring an additional 3,460 shares during the last quarter. Fischer Financial Services Inc. lifted its holdings in Alphabet by 7.6% during the second quarter. Fischer Financial Services Inc. now owns 3,379 shares of the information services provider’s stock worth $1,194,000 after acquiring an additional 238 shares during the period. Ninepoint Partners LP purchased a new position in Alphabet in the second quarter worth $2,839,000. Finally, Advisors Capital Management LLC grew its stake in Alphabet by 0.3% in the 2nd quarter. Advisors Capital Management LLC now owns 437,578 shares of the information services provider’s stock valued at $154,610,000 after purchasing an additional 1,285 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google employees are reportedly testing Gemini 3.8 Flash, suggesting a new model could launch soon and strengthen Alphabet’s competitive position in generative AI. The company also hired AI researcher Barret Zoph as a Google DeepMind research vice president. Google employees are already testing the next Gemini Flash AI model
• Positive Sentiment: Wolfe Research named Alphabet a top 2027 stock pick and set a $460 target, citing accelerating Google Cloud growth and expanding AI monetization opportunities. Analysts also highlighted strong advertising performance, including reported 14.4% second-quarter ad-revenue growth. Alphabet is a top 2027 stock pick
• Positive Sentiment: Google expanded AI Mode with tools to track flight prices and help users book hotels, potentially increasing commercial activity and supporting future search-related revenue. Google’s AI Mode can now track flight prices, help book hotels, and more
• Neutral Sentiment: Alphabet joined more than 100 technology companies in calling for coordinated defenses against rogue-AI cyber threats. The move may support responsible-AI efforts but also underscores growing scrutiny of the sector. Companies call for action to defend against rogue AI
• Negative Sentiment: The FTC is reportedly in the final stages of investigating whether YouTube violated consumer-protection laws by suspending users’ accounts and may prepare a lawsuit. Potential penalties, compliance costs and restrictions on YouTube’s policies are weighing on sentiment. US FTC probes YouTube over social media policies
• Negative Sentiment: Google agreed to pay approximately $353 million to settle a U.K. class-action lawsuit brought by app developers over fees, creating a direct financial charge and potentially raising concerns about additional platform-related claims. Google agrees to settle UK app developers’ lawsuit
• Negative Sentiment: Law firms including Pomerantz and Frank R. Cruz announced investigations into possible securities-law violations. These notices are typically investor-solicitation announcements rather than new findings, but they add to the negative legal-news flow. Pomerantz investor alert

Insider Buying and Selling

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the stock in a transaction dated 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 completion of the sale, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 451,843 shares of company stock valued at $12,343,852 in the last ninety days. 12.99% of the stock is owned by company insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $337.71 on Friday. The firm has a market capitalization of $4.13 trillion, a PE ratio of 16.96, a P/E/G ratio of 0.95 and a beta of 1.23. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $348.28 and a two-hundred day moving average price of $339.95. Alphabet Inc. has a twelve month low of $206.96 and a twelve month 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 company had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Alphabet’s revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.31 EPS. Equities analysts forecast that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Announces Dividend

The business also recently declared 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 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%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wolfe Research reiterated an “outperform” rating on shares of Alphabet in a research note on Thursday. HSBC set a $515.00 price objective on shares of Alphabet in a report on Friday, August 14th. Phillip Securities raised shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 27th. Citigroup reiterated a “market outperform” rating on shares of Alphabet in a research note on Friday, August 14th. Finally, UBS Group reissued a “neutral” rating and set a $379.00 target price (down from $400.00) on shares of Alphabet in a research report on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.