Reynders McVeigh Capital Management LLC Raises Stake in Alphabet Inc. $GOOG

Reynders McVeigh Capital Management LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 159,384 shares of the information services provider’s stock after purchasing an additional 2,108 shares during the period. Alphabet accounts for 2.3% of Reynders McVeigh Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding. Reynders McVeigh Capital Management LLC’s holdings in Alphabet were worth $56,315,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Cherry Tree Wealth Management LLC increased its stake in shares of Alphabet by 1.3% in the second quarter. Cherry Tree Wealth Management LLC now owns 2,541 shares of the information services provider’s stock worth $898,000 after purchasing an additional 33 shares in the last quarter. Bullseye Investment Management LLC purchased a new stake in shares of Alphabet in the second quarter worth $512,000. Talon Private Wealth LLC raised its holdings in shares of Alphabet by 20.6% in the 2nd quarter. Talon Private Wealth LLC now owns 2,216 shares of the information services provider’s stock valued at $783,000 after acquiring an additional 379 shares in the last quarter. Bouchey Financial Group Ltd. lifted its position in Alphabet by 11.7% during the second quarter. Bouchey Financial Group Ltd. now owns 7,561 shares of the information services provider’s stock valued at $2,672,000 after purchasing an additional 794 shares during the last quarter. Finally, Miramontes Capital LLC lifted its holdings in shares of Alphabet by 22.0% during the 2nd quarter. Miramontes Capital LLC now owns 3,459 shares of the information services provider’s stock worth $1,222,000 after acquiring an additional 623 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet News Roundup

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?

Wall Street Analyst Weigh In

Several brokerages have issued reports on GOOG. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $450.00 target price on shares of Alphabet in a research note on Thursday, May 21st. TD Cowen reaffirmed a “buy” rating and issued a $475.00 target price on shares of Alphabet in a research note on Thursday, July 23rd. BMO Capital Markets upped their price target on shares of Alphabet from $455.00 to $465.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Freedom Capital raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Morgan Stanley cut their price target on shares of Alphabet from $415.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $415.55.

Insider Activity at Alphabet

In other Alphabet news, Director Frances Arnold sold 82 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $337.71, for a total transaction of $27,692.22. Following the completion of the sale, the director directly owned 18,995 shares in the company, valued at approximately $6,414,801.45. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total transaction of $2,232,808.20. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 450,875 shares of company stock valued at $11,984,482. 12.99% of the stock is owned by insiders.

Alphabet Stock Down 1.2%

GOOG traded down $4.28 on Tuesday, hitting $341.43. The company had a trading volume of 13,330,766 shares, compared to its average volume of 20,716,189. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. Alphabet Inc. has a 52-week low of $236.68 and a 52-week high of $404.47. The firm has a market capitalization of $4.18 trillion, a P/E ratio of 17.15, a P/E/G ratio of 0.97 and a beta of 1.21. The stock has a fifty day simple moving average of $344.38 and a 200-day simple moving average of $342.10.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $116.53 billion. During the same period in the prior year, the firm earned $2.31 earnings per share. The firm’s revenue for the quarter was up 24.2% on a year-over-year basis. As a group, equities analysts expect that Alphabet Inc. will post 20.52 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet’s payout ratio is currently 4.42%.

Alphabet 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.