Alphabet Inc. $GOOG is Atwood & Palmer Inc.'s Largest Position

Key Points

• Atwood & Palmer remains heavily invested in Alphabet: It trimmed its position by 1.4% to 236,545 shares, but Alphabet still represents about 4.5% of the fund’s holdings and is its largest position.
• Alphabet reported strong quarterly performance, with earnings of $9.11 per share beating the $2.87 consensus estimate and revenue rising 24.2% year over year to $119.8 billion. The company also declared a quarterly dividend of $0.22 per share.
• Wall Street’s consensus rating remains “Buy,” with an average price target of $410.09, although some analysts have lowered their targets and Zacks downgraded the stock to “Hold.” Alphabet faces investor concerns over rising AI infrastructure spending, insider selling and potential regulatory hurdles.

Atwood & Palmer Inc. trimmed its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,545 shares of the information services provider's stock after selling 3,331 shares during the period. Alphabet makes up about 4.5% of Atwood & Palmer Inc.'s holdings, making the stock its biggest position. Atwood & Palmer Inc.'s holdings in Alphabet were worth $83,578,000 at the end of the most recent reporting period.

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

Alphabet Stock Down 0.9%

GOOG opened at $353.47 on Friday. Alphabet Inc. has a 1 year low of $197.46 and a 1 year high of $404.47. The firm has a 50 day moving average price of $353.94 and a 200 day moving average price of $338.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. The company has a market cap of $4.32 trillion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.00 and a beta of 1.23.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $116.53 billion. During the same period in the previous year, the firm earned $2.31 earnings per share. Alphabet's revenue for the quarter was up 24.2% on a year-over-year basis. Sell-side analysts expect that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet's payout ratio is 4.42%.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of recent analyst reports. Roth Capital raised their target price on Alphabet from $435.00 to $440.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. lowered their target price on shares of Alphabet from $460.00 to $420.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Morgan Stanley dropped their price objective on Alphabet from $415.00 to $400.00 and set an "overweight" rating for the company in a research note on Thursday, July 23rd. DZ Bank raised Alphabet to a "strong-buy" rating in a report on Thursday, July 23rd. Finally, Zacks Research downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $410.09.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the transaction, the director directly owned 1,481 shares of the company's stock, valued at approximately $545,941.03. The trade was a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 600,547 shares of company stock worth $16,255,540 in the last 90 days. 12.99% of the stock is owned by company insiders.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Institutional buying remained supportive. State Street added an estimated 12.7 million shares of Alphabet’s Class A stock, while Mitsubishi UFJ, Lazard and Citizens Financial also increased their Alphabet positions in second-quarter 13F filings. State Street fund update
• Positive Sentiment: Alphabet’s AI and cloud businesses continue to show strong commercial momentum. Gemini reportedly reached 950 million monthly active users, Google Cloud revenue surged 82% in the second quarter, and its backlog reached $514 billion. A new multiyear, $100 million-plus Google Cloud agreement with AI lab Mirendil could add further demand for cloud infrastructure. Google AI and DeepMind report
• Neutral Sentiment: Alphabet is reorganizing its AI leadership. DeepMind chief Demis Hassabis is moving into a broader chief scientist role, while Chief Scientist Jeff Dean is departing after 27 years. The changes could improve long-term research focus but raise concerns about talent retention and execution. Google AI leadership report
• Negative Sentiment: Alphabet launched a roughly $25 billion, 10-part bond offering to finance expanded AI infrastructure spending. Strong demand—reportedly about $115 billion in orders—supports its credit profile, but investors remain concerned that rising capital expenditures and borrowing could reduce returns or increase financial risk. Alphabet bond offering report
• Negative Sentiment: Zacks Research downgraded Alphabet from “strong buy” to “hold,” adding to valuation and near-term sentiment pressure. Separately, several investment managers—including Mawer, First Eagle, Diamond Hill and SCS Capital—reported reductions in Alphabet holdings. Zacks Research
• Negative Sentiment: Alphabet’s planned $15 billion India data-center project faces opposition over water use and wildlife concerns, creating potential regulatory and development hurdles for its infrastructure expansion. Google India data center report

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.

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