Anchor Investment Management LLC Has $35.35 Million Stake in Alphabet Inc. $GOOG

Anchor Investment Management LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 11.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,052 shares of the information services provider’s stock after purchasing an additional 10,617 shares during the period. Alphabet makes up approximately 2.6% of Anchor Investment Management LLC’s investment portfolio, making the stock its 4th biggest position. Anchor Investment Management LLC’s holdings in Alphabet were worth $35,351,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GOOG. Castlekeep Investment Advisors LLC purchased a new stake in shares of Alphabet during the second quarter valued at $29,000. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet in the fourth quarter worth about $38,000. Bard Associates Inc. purchased a new position in Alphabet in the 4th quarter worth about $41,000. Toth Financial Advisory Corp purchased a new position in Alphabet in the 2nd quarter worth about $41,000. Finally, Timbuktu Capital Management LLC bought a new stake in Alphabet during the 2nd quarter valued at about $46,000. 27.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GOOG has been the subject of several research reports. The Goldman Sachs Group reissued a “buy” rating and issued a $450.00 price objective on shares of Alphabet in a research report on Thursday, May 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $420.00 price target (down from $435.00) on shares of Alphabet in a research note on Thursday, July 23rd. Wells Fargo & Company lowered their price target on Alphabet from $418.00 to $411.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Freedom Capital upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, Truist Financial lowered their target price on Alphabet from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $415.55.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 82 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $337.71, for a total transaction of $27,692.22. Following the transaction, the director directly owned 18,995 shares of the company’s stock, valued at approximately $6,414,801.45. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 27,386 shares of the company’s stock, valued at $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 a total of 450,875 shares of company stock worth $11,984,482 over the last three months. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Down 1.2%

GOOG stock traded down $4.28 during trading on Tuesday, reaching $341.43. 13,330,766 shares of the company traded hands, compared to its average volume of 20,716,189. The business has a 50 day simple moving average of $344.38 and a 200 day simple moving average of $342.10. Alphabet Inc. has a 12 month low of $236.68 and a 12 month high of $404.47. 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 company has a market capitalization of $4.18 trillion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 0.97 and a beta of 1.21.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. 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 $116.53 billion. During the same period in the previous year, the company posted $2.31 earnings per share. The firm’s revenue was up 24.2% on a year-over-year basis. On average, equities research analysts anticipate that Alphabet Inc. will post 20.52 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, September 7th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio is presently 4.42%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Waymo expansion adds a new growth avenue. Alphabet’s autonomous-driving unit launched public robotaxi rides in Las Vegas and announced plans with Japanese partners to target a fully autonomous commercial taxi service in Tokyo in 2027. The developments support the long-term monetization potential of Alphabet’s “Other Bets” portfolio. Waymo, Japanese partners target driverless taxi service in Tokyo in 2027
• Positive Sentiment: Cloud demand and AI infrastructure remain key bullish arguments. Analysts and market commentators highlighted Alphabet’s roughly $500 billion cloud backlog, rapid cloud growth and major AI infrastructure investments. These trends could support sustained revenue growth, although they also require substantial capital spending. Alphabet Has 50% Upside and the Cheapest Multiple of the Big Six
• Neutral Sentiment: Alphabet is discussing AI safety cooperation with OpenAI and Anthropic. The companies are considering common approaches and standards for managing catastrophic AI risks. Collaboration could reduce regulatory uncertainty, but the broader safety debate may also lead to slower model development or tighter oversight. OpenAI, Google, Anthropic discussing collaboration on AI safety issues
• Negative Sentiment: Potential AI regulation is weighing on sentiment. Proposed legislation could give U.S. regulators authority to block or restrict frontier AI models, creating risks for Alphabet’s AI product roadmap and the value of its cloud backlog. Citi also warned that AI safety concerns could slow industry development. Senate’s Proposed AI Kill Switch Could Give Washington Veto Power Over Google’s Frontier Models
• Negative Sentiment: Macro pressure and search-economics concerns are limiting upside. Higher Treasury yields, rising crude prices and expectations for another Federal Reserve rate increase pressured technology valuations. Separately, stable Google traffic has not eliminated concerns that AI challengers could weaken search monetization and advertising economics. Why is Alphabet stock falling today?

Alphabet Company Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. It was established in 2015 as part of a corporate restructuring intended to separate Google’s core internet businesses from a collection of other ventures. Google remains Alphabet’s largest business and serves users, advertisers, businesses and developers worldwide.

Google’s principal products and services include its internet search engine, online advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.