Old Mission Investment Co LLC Takes $3.13 Million Position in Alphabet Inc. $GOOG

Old Mission Investment Co LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the second quarter, HoldingsChannel.com reports. The firm acquired 8,867 shares of the information services provider’s stock, valued at approximately $3,133,000. Alphabet makes up approximately 0.7% of Old Mission Investment Co LLC’s portfolio, making the stock its 28th biggest holding.

Other large investors also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Alphabet during the 2nd quarter worth $29,000. Lifetime Wealth Management P.C. purchased a new stake in shares of Alphabet in the fourth quarter valued at about $38,000. Imprint Wealth LLC acquired a new stake in Alphabet during the third quarter worth about $31,000. Bard Associates Inc. acquired a new stake in Alphabet during the fourth quarter worth about $41,000. Finally, Timbuktu Capital Management LLC purchased a new position in Alphabet during the second quarter worth about $46,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Up 0.0%

Shares of NASDAQ GOOG opened at $335.38 on Wednesday. The business has a 50-day moving average of $346.28 and a two-hundred day moving average of $341.40. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The company has a market capitalization of $4.10 trillion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 0.97 and a beta of 1.21. Alphabet Inc. has a 1 year low of $233.38 and a 1 year high of $404.47.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, beating 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 firm had revenue of $119.80 billion during the quarter, compared to analysts’ expectations of $116.53 billion. During the same period in the previous year, the company earned $2.31 earnings per share. Alphabet’s quarterly revenue was up 24.2% compared to the same quarter last year. On average, analysts forecast that Alphabet Inc. will post 20.5 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be issued 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 is Friday, September 4th. Alphabet’s dividend payout ratio (DPR) is currently 4.42%.

Insider Buying and Selling at Alphabet

In related 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 value of $27,692.22. Following the completion of the sale, the director owned 18,995 shares in the company, valued at $6,414,801.45. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Marsida Saraci sold 449 shares of the business’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 sale, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 451,925 shares of company stock valued at $12,371,544. 12.99% of the stock is owned by company insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Stable search traffic eases competitive concerns. Bank of America reportedly found no meaningful deterioration in Google’s web-traffic data, helping counter fears that AI search tools are taking share from Alphabet’s core search business. Bank of America Spots Reassuring Signal for Google Stock
• Positive Sentiment: Cloud and AI commercialization continue to expand. Google Cloud and Accenture are forming a unit with 1,000 engineers to help enterprises deploy Google’s AI products. Alphabet is also reportedly selling TPU systems directly to customers, potentially creating a new hardware revenue stream, while Google Cloud chief Thomas Kurian claimed the company’s AI-chip business is more than twice the size of its closest rival. Google Cloud and Accenture AI Unit
• Positive Sentiment: Energy and infrastructure access may support AI expansion. A $1.9 billion U.S. Energy Department loan to NextEra Energy will help revive an Iowa nuclear plant intended to supply power for Google, potentially improving Alphabet’s long-term access to reliable electricity for data centers. Google’s Revived Nuclear Power Plant Loan
• Neutral Sentiment: Investors remain divided over valuation and capital spending. Analysts and commentators view GOOG as attractively valued relative to cloud growth, but Alphabet’s massive AI-related capital expenditures are pressuring near-term free cash flow and contributing to volatility.
• Negative Sentiment: Project Braid data-center delays raise execution concerns. Alphabet and Blackstone’s AI-cloud venture reportedly faces delays at major data-center sites, highlighting the permitting, construction and power challenges slowing the broader AI buildout. Google and Blackstone Venture Faces Delays
• Negative Sentiment: EU search changes could hurt user experience and business economics. Google says modifications required under the Digital Markets Act will reduce search quality, favor intermediaries over local businesses and increase costs, while exposing Alphabet to continuing regulatory pressure. Google Warns of Lower-Quality European Search Results

Analyst Ratings Changes

Several research firms have recently weighed in on GOOG. Zacks Research cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Stifel Nicolaus set a $420.00 price objective on Alphabet in a research report on Wednesday, May 20th. KeyCorp set a $445.00 target price on Alphabet in a research note on Friday, July 10th. Barclays restated an “overweight” rating and issued a $425.00 target price (up from $405.00) on shares of Alphabet in a research report on Thursday, July 23rd. Finally, Phillip Securities raised Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 27th. Six analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $415.55.

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.