Concurrent Investment Advisors LLC Buys 21,737 Shares of Alphabet Inc. $GOOG

Concurrent Investment Advisors LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 8.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 283,891 shares of the information services provider’s stock after buying an additional 21,737 shares during the quarter. Alphabet comprises approximately 0.8% of Concurrent Investment Advisors LLC’s investment portfolio, making the stock its 15th biggest position. Concurrent Investment Advisors LLC’s holdings in Alphabet were worth $100,307,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC acquired a new stake in shares of Alphabet during the 2nd quarter worth $29,000. Imprint Wealth LLC acquired a new position in Alphabet in the third quarter valued at about $31,000. Lifetime Wealth Management P.C. acquired a new position in Alphabet in the fourth quarter valued at about $38,000. Bard Associates Inc. bought a new stake in Alphabet during the fourth quarter worth about $41,000. Finally, Toth Financial Advisory Corp bought a new stake in Alphabet during the second quarter worth about $41,000. Institutional investors own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Alphabet from $460.00 to $420.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. UBS Group reaffirmed a “neutral” rating and set a $379.00 price target (down from $400.00) on shares of Alphabet in a report on Thursday, July 23rd. KeyCorp set a $445.00 price target on shares of Alphabet in a research report on Friday, July 10th. Phillip Securities raised shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 27th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $475.00 price objective on shares of Alphabet in a research report on Thursday, July 23rd. Six equities 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 company’s stock. According to data from MarketBeat, Alphabet presently has a consensus rating of “Buy” and an average price target of $415.55.

Alphabet Stock Performance

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

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $6.24. The company had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm’s revenue was up 24.2% compared to the same quarter last year. During the same period last year, the company earned $2.31 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 20.5 EPS for the current year.

Alphabet Announces Dividend

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 paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet’s dividend payout ratio is currently 4.42%.

More Alphabet News

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

Insider Activity

In other news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction 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 transaction, the chief accounting officer directly owned 27,386 shares of the company’s stock, valued at $9,125,015.20. This represents a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 451,925 shares of company stock valued at $12,371,544. 12.99% of the stock is currently owned by insiders.

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.