Allworth Financial LP lessened its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 14.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 287,824 shares of the information services provider's stock after selling 49,477 shares during the period. Alphabet accounts for about 0.4% of Allworth Financial LP's portfolio, making the stock its 27th biggest holding. Allworth Financial LP's holdings in Alphabet were worth $102,860,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of GOOGL. Greenspring Advisors LLC increased its stake in shares of Alphabet by 8.7% in the 2nd quarter. Greenspring Advisors LLC now owns 21,026 shares of the information services provider's stock valued at $7,514,000 after acquiring an additional 1,683 shares in the last quarter. TRU Independence Asset Management 2 LLC grew its stake in shares of Alphabet by 3.6% in the 2nd quarter. TRU Independence Asset Management 2 LLC now owns 20,121 shares of the information services provider's stock valued at $7,191,000 after buying an additional 702 shares during the period. Bernicke Wealth Management Ltd. increased its position in Alphabet by 0.9% in the 2nd quarter. Bernicke Wealth Management Ltd. now owns 29,380 shares of the information services provider's stock valued at $10,500,000 after buying an additional 248 shares in the last quarter. Silvant Capital Management LLC raised its stake in Alphabet by 59.5% during the 2nd quarter. Silvant Capital Management LLC now owns 1,000,296 shares of the information services provider's stock worth $357,476,000 after buying an additional 373,330 shares during the period. Finally, Kilter Group LLC boosted its holdings in Alphabet by 12.1% in the second quarter. Kilter Group LLC now owns 2,550 shares of the information services provider's stock worth $911,000 after acquiring an additional 276 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google Cloud revenue growth and expanding margins continue to support Alphabet’s AI investment strategy. Supporters argue that cloud growth—reportedly up 82% year over year—could eventually justify the company’s much higher spending. Google Cloud growth article
- Positive Sentiment: A federal judge rejected a forced breakup of Google’s ad-tech business, limiting the immediate structural risk to Alphabet. The company will instead face behavioral remedies, although the ad-network business recently contracted. Google ad-business ruling
- Positive Sentiment: New AI features in Gmail, Docs and Keep, along with continued Gemini development, could improve user engagement and strengthen Alphabet’s competitive position in generative AI. Rosenblatt also reaffirmed a buy rating with a $410 price target. Google AI product launch
- Neutral Sentiment: Alphabet will pay a quarterly dividend of $0.22 per share on September 14 to shareholders of record on September 4, providing a modest income component but unlikely to materially change the investment case. Alphabet dividend article
- Negative Sentiment: Alphabet raised 2026 capital-spending guidance to approximately $195 billion–$205 billion. Second-quarter free cash flow turned negative as capital expenditures reached $44.9 billion, raising concerns that AI infrastructure spending may take years to generate adequate returns. Alphabet cloud margins and AI spending
- Negative Sentiment: Investors are also concerned about execution: Gemini 3.5 Pro reportedly remained delayed, while the company faces multiple securities-fraud investigations and continued scrutiny over its ad-tech practices. These issues add legal and competitive risk to an already expensive AI buildout. Gemini delay article
Alphabet Price Performance
NASDAQ GOOGL opened at $338.46 on Friday. The company has a market cap of $4.14 trillion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 0.99 and a beta of 1.22. 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's 50-day simple moving average is $349.02 and its two-hundred day simple moving average is $342.61. Alphabet Inc. has a 52 week low of $231.90 and a 52 week high of $408.61.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, beating the consensus estimate of $2.89 by $6.22. The company had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $117.07 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%. Research analysts predict that Alphabet Inc. will post 20.5 earnings per share for the current year.
Alphabet Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's payout ratio is presently 4.42%.
Insider Transactions at Alphabet
In other news, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the transaction, the chief accounting officer directly owned 27,386 shares in the company, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Hennessy sold 1,050 shares of Alphabet stock in a transaction on Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the completion of the transaction, the director owned 1,481 shares in the company, valued at approximately $545,941.03. The trade was a 41.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 451,925 shares of company stock valued at $12,371,544 over the last quarter. 11.61% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
GOOGL has been the subject of several recent research reports. Cantor Fitzgerald restated an "overweight" rating and set a $420.00 price objective (down from $435.00) on shares of Alphabet in a report on Thursday, July 23rd. DZ Bank upgraded shares of Alphabet to a "strong-buy" rating in a research note on Thursday, July 23rd. Barclays restated an "overweight" rating and set a $425.00 price objective (up from $405.00) on shares of Alphabet in a report on Thursday, July 23rd. Oppenheimer raised their price objective on shares of Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a research note on Friday, May 15th. Finally, New Street Research lifted their price objective on shares of Alphabet from $450.00 to $455.00 and gave the company a "buy" rating in a report on Friday, June 5th. Five analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Alphabet currently has a consensus rating of "Buy" and an average target price of $420.19.
View Our Latest Stock Report on Alphabet
Alphabet Company Profile
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Free Report)
Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.
Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.
Further Reading
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