Alphabet Inc. $GOOG Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,490,472 shares of the information services provider’s stock after acquiring an additional 20,767 shares during the period. Alphabet makes up approximately 1.4% of TD Waterhouse Canada Inc.’s investment portfolio, making the stock its 21st biggest position. TD Waterhouse Canada Inc.’s holdings in Alphabet were worth $533,685,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GOOG. Auto Owners Insurance Co boosted its stake in Alphabet by 38,409.2% during 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 purchasing an additional 179,369,280 shares in the last quarter. J. Stern & Co. LLP increased its position in shares of Alphabet by 28,482.8% during 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 purchasing an additional 111,699,704 shares during the period. Norges Bank bought a new stake in shares of Alphabet in the 4th quarter worth $18,093,665,000. Cardano Risk Management B.V. raised its stake in shares of Alphabet by 850.3% in the 4th quarter. Cardano Risk Management B.V. now owns 17,692,600 shares of the information services provider’s stock worth $5,551,938,000 after buying an additional 15,830,754 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Alphabet by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock valued at $24,240,469,000 after buying an additional 7,904,434 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Key Headlines Impacting 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

Analyst Ratings Changes

GOOG has been the subject of several research reports. DZ Bank raised Alphabet to a “strong-buy” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada reissued a “buy” rating and issued a $475.00 price target on shares of Alphabet in a report on Thursday, July 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Alphabet from $460.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. UBS Group reaffirmed a “neutral” rating and issued a $379.00 price objective (down from $400.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $415.55.

Alphabet Stock Performance

Shares of GOOG opened at $335.31 on Tuesday. The business’s 50-day moving average price is $346.64 and its 200 day moving average price is $341.18. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $4.10 trillion, a P/E ratio of 16.84, a P/E/G ratio of 0.97 and a beta of 1.21. Alphabet Inc. has a 1-year low of $232.38 and a 1-year high of $404.47.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data 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. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. During the same period in the prior year, the firm earned $2.31 earnings per share. The business’s quarterly revenue was up 24.2% on a year-over-year basis. Analysts expect that Alphabet Inc. will post 20.5 earnings per share for the current year.

Alphabet Announces Dividend

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

Insider Activity at Alphabet

In other Alphabet news, Director Frances Arnold sold 82 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $337.71, for a total transaction of $27,692.22. Following the sale, the director directly owned 18,995 shares of the company’s stock, valued at $6,414,801.45. The trade was a 0.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction on Wednesday, July 29th. The shares were 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 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 451,925 shares of company stock worth $12,371,544. 12.99% of the stock is owned by corporate insiders.

About Alphabet

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.