Pine Ridge Advisers LLC Has $18.11 Million Stock Position in Alphabet Inc. $GOOG

Pine Ridge Advisers LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 31.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,140 shares of the information services provider’s stock after purchasing an additional 15,140 shares during the period. Alphabet comprises about 1.1% of Pine Ridge Advisers LLC’s investment portfolio, making the stock its 15th biggest position. Pine Ridge Advisers LLC’s holdings in Alphabet were worth $18,112,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Imprint Wealth LLC bought a new position in shares of Alphabet in the third quarter valued at approximately $31,000. Nvest Wealth Strategies Inc. acquired a new position in shares of Alphabet in the 4th quarter worth approximately $38,000. Lifetime Wealth Management P.C. bought a new stake in Alphabet during the 4th quarter worth approximately $38,000. Bard Associates Inc. bought a new stake in Alphabet during the 4th quarter worth approximately $41,000. Finally, Towne Trust Company N.A increased its holdings in Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 34 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Strong quarterly fundamentals are supporting the rebound. Alphabet reported 24.2% year-over-year revenue growth to $119.8 billion, while Google Cloud revenue surged 82% and Search grew 17%. Analysts continue to see substantial long-term growth from AI adoption, cloud demand and advertising. Alphabet quarterly performance
• Positive Sentiment: Wall Street remains broadly bullish. Alphabet retains a “Buy” consensus, with reported price targets well above recent trading levels. Phillip Securities upgraded the stock to “strong buy,” while some analysts raised longer-term EPS estimates. Alphabet analyst ratings
• Positive Sentiment: Institutional demand provides a counterweight to recent selling. Asset Management One added approximately 117,000 GOOGL shares, and Ethic Inc. disclosed a new position worth an estimated $227.5 million in Alphabet’s Class A shares. These moves reinforce the view that the pullback may offer a long-term entry point. Institutional Alphabet holdings
• Neutral Sentiment: AI investment remains the key investor debate. Alphabet’s $195 billion–$205 billion 2026 capital-expenditure outlook is intended to support rapidly expanding cloud and AI demand, but the spending has pressured free cash flow and increased expectations for future monetization.
• Negative Sentiment: Regulatory liabilities are growing. Following a $1 billion European Digital Markets Act fine, rivals may seek up to $10 billion in private damages, potentially adding financial and operational pressure to Google’s European businesses. European lawsuits against Google
• Negative Sentiment: Insider and fund selling remain caution signals. Alphabet’s chief accounting officer sold shares, while Provident Trust and Resona Asset Management reduced their GOOG positions. These transactions are relatively small or portfolio-related, but they may weigh on sentiment after the earnings-driven pullback.

Insider Transactions at Alphabet

In other Alphabet news, insider John Kent Walker sold 8,998 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider owned 75,290 shares in the company, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The SEC filing for this sale provides additional information. Insiders have sold 600,465 shares of company stock worth $16,228,202 in the last three months. Insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on GOOG shares. JPMorgan Chase & Co. cut their price objective on Alphabet from $460.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Morgan Stanley decreased their target price on Alphabet from $415.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. KeyCorp set a $445.00 target price on Alphabet in a research note on Friday, July 10th. UBS Group reaffirmed a “neutral” rating and issued a $379.00 price target (down from $400.00) on shares of Alphabet in a report on Thursday, July 23rd. Finally, Stifel Nicolaus set a $420.00 price objective on shares of Alphabet in a report on Wednesday, May 20th. Seven research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $410.09.

Alphabet Price Performance

Shares of GOOG stock opened at $335.76 on Thursday. 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 12 month low of $188.70 and a 12 month high of $404.47. The firm has a market cap of $4.07 trillion, a price-to-earnings ratio of 16.86, a PEG ratio of 0.95 and a beta of 1.23. The stock has a 50-day moving average price of $357.27 and a 200 day moving average price of $337.75.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $116.53 billion. During the same quarter last year, the firm earned $2.31 EPS. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. Research analysts expect that Alphabet Inc. will post 20.15 EPS for the current year.

Alphabet Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend 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.