Alphabet Inc. $GOOG Holdings Decreased by K.J. Harrison & Partners Inc

Key Points

• K.J. Harrison & Partners cut its Alphabet stake by 39.3% during the second quarter, selling 8,905 shares and retaining 13,768 shares valued at approximately $4.9 million. Institutional investors own 27.26% of Alphabet.
• Analysts remain broadly positive, with Alphabet carrying a consensus “Buy” rating and an average price target of $415.55; individual targets range from $395 to $475.
• Alphabet reported strong quarterly results, with revenue rising 24.2% year over year to $119.8 billion and EPS of $9.11 versus the $2.87 consensus estimate. The company also declared a quarterly dividend of $0.22 per share, while insiders sold shares worth $12.4 million over the last quarter.

K.J. Harrison & Partners Inc lowered its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 39.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,768 shares of the information services provider's stock after selling 8,905 shares during the quarter. K.J. Harrison & Partners Inc's holdings in Alphabet were worth $4,865,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Nvest Wealth Strategies Inc. bought a new stake in Alphabet during the fourth quarter worth approximately $38,000. Lifetime Wealth Management P.C. bought a new position in Alphabet during the 4th quarter valued at $38,000. Imprint Wealth LLC acquired a new position in shares of Alphabet during the 3rd quarter valued at $31,000. Bard Associates Inc. acquired a new position in shares of Alphabet during the 4th quarter valued at $41,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in shares of Alphabet in the 4th quarter worth $45,000. Institutional investors own 27.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a report on Friday, July 17th. KeyCorp set a $445.00 target price on shares of Alphabet in a research note on Friday, July 10th. Piper Sandler restated an "overweight" rating and set a $395.00 target price (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. Pivotal Research raised their target price on shares of Alphabet from $470.00 to $475.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Finally, Wedbush began coverage on Alphabet in a report on Thursday, July 16th. They issued an "outperform" rating and a $445.00 price target on the stock. Six equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Alphabet currently has an average rating of "Buy" and a consensus target price of $415.55.

Insider Activity

In related news, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. This represents a 1.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Kent Walker sold 8,998 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 75,290 shares of the company's stock, valued at $26,298,044.10. This represents a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 451,945 shares of company stock worth $12,382,714 in the last quarter. Insiders own 12.99% of the company's stock.

Alphabet Stock Performance

Shares of GOOG opened at $341.75 on Monday. The business's 50-day moving average price is $350.34 and its 200 day moving average price is $339.69. The stock has a market capitalization of $4.18 trillion, a P/E ratio of 17.16, a P/E/G ratio of 0.96 and a beta of 1.23. Alphabet Inc. has a 1-year low of $202.13 and a 1-year high of $404.47. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates 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% on a year-over-year basis. Analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared 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. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's payout ratio is currently 4.42%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI infrastructure expansion: Alphabet’s expanded custom-silicon relationship with Marvell covers components connected to Google’s TPU ecosystem, including inference accelerators, networking, storage, and memory products. The agreement gives Alphabet more supply-chain flexibility and supports continued AI capacity growth, although it may increase dependence on multiple chip partners. Jensen Huang Thinks This Chip Stock Could Hit $1 Trillion
• Positive Sentiment: Waymo growth: Alphabet’s autonomous-driving unit received approval to operate thousands of robotaxis in Nevada and has expanded its lower-cost next-generation vehicles to riders in Los Angeles, Phoenix, and San Francisco. Waymo also introduced a custom AI chip designed to reduce reliance on Nvidia and AMD, potentially improving long-term economics. Robotaxi Permits in Nevada
• Positive Sentiment: Investor and analyst support: Berkshire Hathaway significantly increased its Alphabet position, reinforcing the view that the company fits a value-oriented investment strategy. Rosenblatt initiated coverage with a “Buy” rating, while analysts continue to point to resilient Search, fast-growing Cloud, and strong earnings momentum. Berkshire’s Alphabet Investment
• Neutral Sentiment: DeepMind leadership transition: Nobel Prize-winning co-founder Demis Hassabis is moving from day-to-day management to chairman and chief scientist roles, while Koray Kavukcuoglu will oversee operations. The change could improve Alphabet-wide AI coordination, but investors may monitor execution and retention risks. DeepMind Leadership Change
• Negative Sentiment: Firebase enforcement risk: Indian authorities directed Google to remove hundreds of Firebase accounts allegedly used in bank impersonation scams. The action could increase compliance costs and renew concerns about misuse of Alphabet’s platforms. India Orders Removal of Firebase Accounts

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.

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