Syntax Research Inc. Buys Shares of 5,950 Alphabet Inc. $GOOG

Syntax Research Inc. purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the second quarter, Holdings Channel.com reports. The fund purchased 5,950 shares of the information services provider’s stock, valued at approximately $299,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its stake in Alphabet by 1.4% during the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock worth $130,704,718,000 after buying an additional 5,164,200 shares during the period. State Street Corp lifted its holdings in Alphabet by 0.5% during the 4th quarter. State Street Corp now owns 187,102,863 shares of the information services provider’s stock worth $58,712,878,000 after buying an additional 953,790 shares in the last quarter. Auto Owners Insurance Co boosted its position in Alphabet by 38,409.2% in the 4th quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock valued at $5,643,262,000 after buying an additional 179,369,280 shares during the period. J. Stern & Co. LLP boosted its position in Alphabet by 28,482.8% in the 4th quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock valued at $35,174,429,000 after buying an additional 111,699,704 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Alphabet by 1.1% in the fourth quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider’s stock worth $31,569,189,000 after acquiring an additional 1,073,151 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GOOG shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $450.00 price objective on shares of Alphabet in a research report on Thursday, May 21st. Piper Sandler reiterated an “overweight” rating and issued a $395.00 target price (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. Raymond James Financial reissued a “strong-buy” rating on shares of Alphabet in a research note on Thursday, July 23rd. Roth Capital upped their price target on Alphabet from $435.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Pivotal Research increased their price target on Alphabet from $470.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $415.55.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $335.31 on Tuesday. Alphabet Inc. has a 52 week low of $232.38 and a 52 week high of $404.47. The company’s 50 day moving average is $346.64 and its two-hundred day moving average is $341.18. The company has a market cap of $4.10 trillion, a PE ratio of 16.84, a P/E/G ratio of 0.97 and a beta of 1.21. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $6.24. The business had revenue of $119.80 billion during 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%. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.31 EPS. Equities analysts predict that Alphabet Inc. will post 20.5 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s payout ratio is 4.42%.

Insiders Place Their Bets

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 sale, 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 position. The SEC filing for this sale provides additional information. Insiders sold 451,925 shares of company stock valued at $12,371,544 in the last ninety days. Insiders own 12.99% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled Gemini 3.8 Flash and its Fairwind program, developments that could strengthen its position in AI applications and increase monetization opportunities across Google’s ecosystem. Google Unveils Gemini 3.8 Flash and Fairwind Program
• Positive Sentiment: Commentary highlights Google Cloud’s growth reportedly running at roughly twice Azure’s rate while Alphabet trades at a lower valuation multiple, suggesting investors may be underestimating the company’s cloud and AI potential. Alphabet May Be the Mag 7 Stock Investors Are Underestimating
• Positive Sentiment: Reports say Berkshire Hathaway has accumulated a substantial Alphabet position, with Warren Buffett confirming he initiated the investment. The endorsement supports confidence in Alphabet’s long-term earnings power and valuation. Warren Buffett and Berkshire’s Alphabet Bet
• Positive Sentiment: Alphabet is also being presented as a potential “quiet winner” in the AI arms race, because its infrastructure, cloud business, and AI services could benefit even though it is not primarily a chip supplier. Alphabet as a Potential AI Arms-Race Winner
• Neutral Sentiment: Google is expanding an AI trial with Cathay Pacific to reduce aircraft contrails. The project reinforces Alphabet’s applied-AI capabilities but is unlikely to have a material near-term effect on revenue. Cathay Pacific and Google Expand AI Trials
• Negative Sentiment: Bill Ackman’s Pershing Square reportedly sold its entire Alphabet stake and bought Netflix instead, potentially weighing on sentiment. The report cited Alphabet’s aggressive AI infrastructure spending as a source of volatility. Bill Ackman Sells Alphabet Stock
• Negative Sentiment: Analysts see strong revenue growth but a more muted earnings outlook, while massive AI investment is pressuring returns on capital and could raise concerns about profitability and capital efficiency. Alphabet Offers Revenue Growth but Muted Earnings Outlook
• Negative Sentiment: A law firm announced a securities-fraud investigation on behalf of Alphabet shareholders. No wrongdoing has been established, but the announcement creates a potential legal and reputational overhang. Alphabet Shareholder Securities-Fraud Investigation

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.