Great Lakes Advisors LLC Has $73.91 Million Holdings in Alphabet Inc. $GOOG

Great Lakes Advisors LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOG) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 209,188 shares of the information services provider’s stock after acquiring an additional 1,920 shares during the quarter. Great Lakes Advisors LLC’s holdings in Alphabet were worth $73,912,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GOOG. Gerber Kawasaki Wealth & Investment Management boosted its stake in shares of Alphabet by 1.0% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider’s stock worth $86,596,000 after buying an additional 2,850 shares during the last quarter. Heck Capital Advisors LLC raised its position in shares of Alphabet by 298.2% in the second quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider’s stock valued at $7,854,000 after purchasing an additional 16,647 shares during the period. Violich Capital Management Inc. lifted its stake in shares of Alphabet by 1.0% during the 4th quarter. Violich Capital Management Inc. now owns 340,776 shares of the information services provider’s stock worth $106,936,000 after buying an additional 3,378 shares during the last quarter. Montchanin Asset Management LLC acquired a new stake in shares of Alphabet during the 1st quarter worth about $7,075,000. Finally, Sax Wealth Advisors LLC boosted its holdings in shares of Alphabet by 13.3% during the 2nd quarter. Sax Wealth Advisors LLC now owns 30,489 shares of the information services provider’s stock worth $10,773,000 after buying an additional 3,575 shares during the period. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOG opened at $343.34 on Wednesday. The firm’s fifty day moving average price is $349.34 and its two-hundred day moving average price is $339.79. The stock has a market cap of $4.20 trillion, a PE ratio of 17.24, a PEG ratio of 0.97 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a fifty-two week low of $206.39 and a fifty-two week 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 firm had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The business’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same period last year, the firm posted $2.31 earnings per share. On average, equities analysts expect that Alphabet Inc. will post 20.51 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Enterprise AI expansion: Google launched Gemini Enterprise solutions for financial-services companies and law firms, including specialized agents, workflow tools, data connectors and third-party integrations. The products could support Google Cloud growth and deepen Alphabet’s competition with Microsoft, OpenAI and Anthropic in high-value enterprise markets. Google expands Gemini AI platform for law firms and lawyers
• Positive Sentiment: Waymo moves into Europe: Alphabet’s autonomous-driving unit will begin testing vehicles in Munich and plans to launch commercial driverless rides in Germany in 2027. Germany would be Waymo’s first European market and its third international market, expanding a potential long-term growth business. Waymo to launch driverless rides in Germany in 2027
• Positive Sentiment: AI infrastructure optimism: Reports that Google’s TPU shipments could nearly triple to 8.8 million by 2027 reinforce expectations that Alphabet can reduce reliance on Nvidia and potentially expand Google Cloud’s AI capacity and margins. Analysts and investment commentary also highlighted strong Cloud growth, improving profitability and continued Search and YouTube momentum. Google TPU volume could triple to 8.8 million by 2027
• Neutral Sentiment: Mixed market signals: U.S. consumer-confidence and new-home-sales misses pressured the broader market, while reports of billionaire and institutional interest in Alphabet provided a counterweight. A reported increase in short interest was not meaningful because the filing showed zero shares in both periods.
• Negative Sentiment: Investor investigation: Pomerantz LLP said it is investigating potential claims on behalf of Alphabet investors. The notice provided no substantive allegations, but securities-law investigations can add headline and litigation risk. Pomerantz investor alert
• Negative Sentiment: Capital-allocation concerns: Commentary flagged potentially negative free cash flow as Alphabet spends heavily on AI infrastructure. Separately, Virginia Retirement Systems reportedly reduced its GOOGL position by about 33%, an isolated institutional-selling signal that may weigh on sentiment.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several research reports. Phillip Securities raised Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 27th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $450.00 price target on shares of Alphabet in a research report on Thursday, May 21st. Roth Capital raised their target price on shares of Alphabet from $435.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. UBS Group reiterated 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. Finally, Truist Financial dropped their price target on Alphabet from $430.00 to $420.00 and set a “buy” rating for the company in a research note 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 issued a Hold rating to the company. According to MarketBeat.com, Alphabet has an average rating of “Buy” and a consensus price target of $415.55.

Insider Activity

In related news, CAO Marsida Saraci sold 449 shares of the firm’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 transaction of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares of the company’s stock, valued at $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total value of $3,832,277.26. The disclosure for this sale is available in the SEC filing. Insiders sold 451,945 shares of company stock worth $12,382,714 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

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.