3,830 Shares in Alphabet Inc. $GOOG Bought by Fiduciary Financial Advisors

Key Points

• Fiduciary Financial Advisors acquired 3,830 Alphabet shares during the second quarter, valued at approximately $1.42 million. Institutional investors and hedge funds collectively own 27.26% of Alphabet.
• Alphabet reported strong quarterly results, with earnings of $9.11 per share and revenue of $119.80 billion, up 24.2% year over year and above analyst expectations.
• Shares opened at $335.41, below their 50-day and 200-day moving averages. Analysts maintain a consensus “Buy” rating with an average price target of $415.55, while Alphabet also announced a quarterly dividend of $0.22 per share.

Fiduciary Financial Advisors bought a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,830 shares of the information services provider's stock, valued at approximately $1,418,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Imprint Wealth LLC acquired a new position in Alphabet in the third quarter valued at $31,000. Nvest Wealth Strategies Inc. purchased a new stake in shares of Alphabet in the 4th quarter valued at about $38,000. Lifetime Wealth Management P.C. purchased a new stake in shares of Alphabet in the 4th quarter valued at about $38,000. Bard Associates Inc. acquired a new stake in shares of Alphabet in the 4th quarter valued at about $41,000. Finally, Commonwealth Retirement Investments LLC purchased a new position in Alphabet during the 4th quarter worth approximately $45,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Down 2.2%

GOOG opened at $335.41 on Tuesday. The firm's 50 day moving average is $347.52 and its 200-day moving average is $340.20. Alphabet Inc. has a 52-week low of $206.96 and a 52-week high of $404.47. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4.10 trillion, a P/E ratio of 16.85, a P/E/G ratio of 0.96 and a beta of 1.23.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share 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 business had revenue of $119.80 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. Analysts expect that Alphabet Inc. will post 20.5 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 82 shares of Alphabet stock in a transaction that occurred on Friday, August 28th. The stock was 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 in the company, valued at $6,414,801.45. The trade was a 0.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer directly 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. Over the last ninety days, 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 News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts remain constructive on Alphabet’s outlook. Citizens analyst Andrew Boone expects the stock to reach a new all-time high over the next year, while recent GOOG targets have a median of $455, well above recent trading levels. Wall Street analyst sets Google price target
• Positive Sentiment: Alphabet’s record cloud growth, Gemini development and expanding AI infrastructure continue to support the bullish case. Investors are debating whether the company’s large AI spending program will produce durable growth, but some analysts view the recent pullback as an opportunity. One Mag 7 stock to watch
• Positive Sentiment: Meta- and Google-backed Jio Platforms received regulatory approval for an Indian IPO, potentially creating value for Alphabet’s investment and increasing visibility into one of its strategic holdings. Jio Platforms receives IPO approval
• Neutral Sentiment: Director Frances Arnold sold 82 shares for approximately $27,700, reducing her position by only 0.43%. The small transaction is unlikely to materially change Alphabet’s investment outlook, though broader insider activity has consisted entirely of sales during the past six months. Alphabet SEC insider filing
• Negative Sentiment: Investors are increasingly concerned that Meta’s AI-powered advertising products could challenge Google Search’s advertising dominance. OpenAI’s reported $1 billion advertising run rate adds to fears that competition for digital-ad budgets is intensifying. Bernstein warns on Meta competition
• Negative Sentiment: Regulatory pressure remains a major overhang. Google avoided a potential European penalty by changing search rules, while a £260 million U.K. app-store settlement adds another direct cost and highlights continuing scrutiny of its business practices. Google changes European search rules
• Negative Sentiment: Alphabet’s aggressive AI capital expenditures are raising concerns about free-cash-flow pressure and future margins, particularly as investors compare its spending strategy with Amazon’s. Alphabet and Amazon AI capital spending
• Negative Sentiment: Google Maps’ decision to display “Lake America” for U.S. users has triggered backlash in Canada, creating reputational and political risk, although the immediate financial impact appears limited. Google Maps Lake America controversy

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Barclays restated an "overweight" rating and issued a $425.00 price objective (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Zacks Research downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 5th. UBS Group restated 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. JPMorgan Chase & Co. dropped their target price on shares of Alphabet from $460.00 to $420.00 and set an "overweight" rating for the company in a report on Thursday, July 23rd. Finally, Piper Sandler reissued an "overweight" rating and issued a $395.00 price target (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. Six analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $415.55.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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