Arrow Capital Management LLC Has $26.27 Million Position in Alphabet Inc. $GOOG

Arrow Capital Management LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 6.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 91,579 shares of the information services provider’s stock after selling 6,398 shares during the quarter. Alphabet makes up approximately 18.2% of Arrow Capital Management LLC’s holdings, making the stock its largest holding. Arrow Capital Management LLC’s holdings in Alphabet were worth $26,270,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Cloverfields Capital Group LP raised its position in shares of Alphabet by 13.9% during the first quarter. Cloverfields Capital Group LP now owns 26,724 shares of the information services provider’s stock worth $7,666,000 after acquiring an additional 3,267 shares during the last quarter. Atika Capital Management LLC lifted its holdings in Alphabet by 2.5% in the first quarter. Atika Capital Management LLC now owns 43,250 shares of the information services provider’s stock valued at $12,407,000 after buying an additional 1,050 shares during the period. Greenline Wealth Management LLC lifted its holdings in Alphabet by 28.9% in the first quarter. Greenline Wealth Management LLC now owns 2,424 shares of the information services provider’s stock valued at $695,000 after buying an additional 544 shares during the period. Liberty One Investment Management LLC boosted its stake in Alphabet by 119.7% in the first quarter. Liberty One Investment Management LLC now owns 42,388 shares of the information services provider’s stock valued at $12,159,000 after acquiring an additional 23,098 shares during the last quarter. Finally, Bowen Hanes & Co. Inc. boosted its stake in Alphabet by 521.6% in the first quarter. Bowen Hanes & Co. Inc. now owns 229,640 shares of the information services provider’s stock valued at $65,875,000 after acquiring an additional 192,699 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several recent research reports. Piper Sandler reiterated an “overweight” rating and set a $395.00 target price (down from $445.00) on shares of Alphabet in a research report on Thursday. Freedom Capital raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Barclays reiterated an “overweight” rating and issued a $425.00 price objective (up from $405.00) on shares of Alphabet in a report on Thursday. Wedbush began coverage on Alphabet in a report on Thursday, July 16th. They set an “outperform” rating and a $445.00 target price on the stock. Finally, Wolfe Research set a $460.00 target price on Alphabet in a research report on Thursday. Six research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $410.09.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 112 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total transaction of $39,343.36. Following the sale, the director directly owned 18,833 shares in the company, valued at approximately $6,615,656.24. This trade represents a 0.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The SEC filing for this sale provides additional information. Insiders have sold a total of 159,415 shares of company stock worth $7,672,279 over the last three months. Company insiders own 12.99% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet posted a strong Q2 beat, with revenue and EPS coming in ahead of expectations, while Google Cloud revenue surged 82% and cloud margins improved sharply.
• Positive Sentiment: AI and product demand remain strong, with management saying AI usage is rising across Search, Cloud, and Gemini, supporting the long-term growth story.
• Positive Sentiment: Several analysts reiterated bullish views or raised targets, and multiple commentary pieces argued the stock looks attractive after the pullback.
• Positive Sentiment: Verizon signed a deal worth more than $1 billion with Google for dark fiber connectivity, adding another sign of infrastructure demand tied to Alphabet’s data-center buildout. Article Title
• Neutral Sentiment: Waymo is reportedly considering ending its Uber partnership, which could affect how quickly Alphabet’s robotaxi business scales, but the direct financial impact is still unclear. Article Title
• Neutral Sentiment: Alphabet also disclosed a large SpaceX stake and saw some institutional holders trim positions, but these items are secondary to the main debate over AI spending and cash flow.
• Negative Sentiment: Investors were unnerved by Alphabet’s higher CapEx guidance and negative free cash flow, which raised concerns that AI spending may be outpacing near-term returns.
• Negative Sentiment: Alphabet was also hit by an EU antitrust fine of about $1 billion, adding another regulatory overhang. Article Title
• Negative Sentiment: Moody’s warned that the industry-wide AI buildout could threaten credit quality at Alphabet and other hyperscalers, reinforcing concerns about balance-sheet strain from heavy infrastructure investment. Article Title

Alphabet Stock Performance

Shares of Alphabet stock opened at $319.09 on Monday. The stock’s fifty day simple moving average is $360.63 and its 200 day simple moving average is $337.53. 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 company has a market capitalization of $3.87 trillion, a PE ratio of 16.03, a PEG ratio of 1.08 and a beta of 1.23. Alphabet Inc. has a 12 month low of $188.70 and a 12 month high of $404.47.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.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 firm earned $2.31 earnings per share. The company’s revenue was up 24.2% on a year-over-year basis. On average, research analysts predict that Alphabet Inc. will post 17.25 EPS for the current year.

Alphabet Dividend Announcement

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

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.