Alphabet Inc. $GOOG is Everett Harris & Co. CA's 4th Largest Position

Key Points

• Everett Harris & Co. CA trimmed its Alphabet stake by 1%. The firm still held 1.91 million shares valued at approximately $676.6 million, representing 8.3% of its portfolio and its fourth-largest position.
• Alphabet reported strong quarterly results and favorable investor interest. Revenue rose 24.2% year over year to $119.8 billion, beating estimates, while Berkshire Hathaway increased its position by 83% and analysts maintained a consensus “Buy” rating with a $415.55 price target.
• AI investment and competitive pressure remain key risks. Gemini lost chatbot-visit share to ChatGPT, while substantial data-center and chip spending is expected to weigh on future free cash flow; insiders also sold about $12.4 million of shares during the quarter.

Everett Harris & Co. CA trimmed its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,914,904 shares of the information services provider's stock after selling 20,048 shares during the period. Alphabet comprises about 8.3% of Everett Harris & Co. CA's investment portfolio, making the stock its 4th largest position. Everett Harris & Co. CA's holdings in Alphabet were worth $676,593,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Nvest Wealth Strategies Inc. purchased a new stake in Alphabet in the 4th quarter worth approximately $38,000. Lifetime Wealth Management P.C. purchased a new position in shares of Alphabet during the 4th quarter worth $38,000. Imprint Wealth LLC purchased a new position in shares of Alphabet during the 3rd quarter worth $31,000. Bard Associates Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth $41,000. Finally, Towne Trust Company N.A boosted its holdings in shares of Alphabet by 34.0% during the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock worth $42,000 after purchasing an additional 34 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway significantly increased its Alphabet position. Berkshire owned approximately 106 million shares worth $37.9 billion at the end of June after raising its stake by 83% during the second quarter. Alphabet is now Berkshire’s third-largest U.S.-listed equity holding, a notable vote of confidence under CEO Greg Abel. Berkshire Hathaway boosts Alphabet to a top three holding
• Positive Sentiment: Digital advertising estimates improved. July advertiser spending exceeded consensus expectations, supporting the outlook for Alphabet’s core advertising business. Alphabet also launched Gemini 3.7 Flash for coding and automated business workflows, potentially expanding monetization opportunities in enterprise AI. Internet stock advertising estimate revisions
• Positive Sentiment: Alphabet’s SpaceX investment has become a major unrealized asset. The company disclosed that its roughly $900 million investment in SpaceX is now worth about $94 billion, highlighting the value of Alphabet’s venture portfolio, although the gain does not directly represent operating revenue or cash flow. Alphabet’s SpaceX bet grows 100-fold
• Positive Sentiment: Other institutions also added exposure. UniSuper increased its GOOG and GOOGL holdings, while several major funds reported purchases, reinforcing the perception that Alphabet remains attractively valued after its recent pullback.
• Neutral Sentiment: Google expanded Gemini access in schools and introduced tools allowing users to remove visible watermarks from AI-generated content while retaining invisible SynthID protections. These moves could improve adoption but have uncertain near-term financial effects. Google turns on Gemini AI for students
• Negative Sentiment: Gemini lost chatbot-visit share to ChatGPT in July. Although Gemini surpassed one billion monthly active users, its share of chatbot visits fell to 28.8%, raising concerns about competitive momentum in consumer AI.
• Negative Sentiment: AI investment is pressuring cash flow. Analysts continue to flag Alphabet’s very high data-center and chip spending, with some estimates showing weaker free-cash-flow generation than Microsoft and Meta in 2027.
• Negative Sentiment: Several funds reduced Alphabet positions. Barclays, Franklin Resources, Magellan and other managers reported trimming GOOG or GOOGL holdings, partially offsetting Berkshire’s large purchase. Alphabet also faces reputational risk from a reported Google-ad phishing scam and a law-firm investigation of investor claims.

Insider Transactions at Alphabet

In related news, CAO Marsida Saraci sold 449 shares of the firm'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 transaction, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. This trade represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 451,945 shares of company stock valued at $12,382,714. 12.99% of the stock is currently owned by company insiders.

Alphabet Trading Down 0.1%

Shares of GOOG opened at $343.54 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4.20 trillion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 0.96 and a beta of 1.23. The stock's fifty day simple moving average is $352.09 and its 200 day simple moving average is $339.57. Alphabet Inc. has a twelve month low of $197.46 and a twelve month high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion during the quarter, compared to the consensus estimate of $116.53 billion. During the same quarter in the previous year, the business earned $2.31 earnings per share. The firm's quarterly revenue was up 24.2% compared to the same quarter last year. On average, equities research analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current year.

Alphabet Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently commented on GOOG shares. DA Davidson dropped their target price on Alphabet from $375.00 to $350.00 and set a "neutral" rating for the company in a research note on Thursday, July 23rd. KeyCorp set a $445.00 price target on Alphabet in a research note on Friday, July 10th. Wedbush started coverage on Alphabet in a report on Thursday, July 16th. They issued an "outperform" rating and a $445.00 price target for the company. Barclays reaffirmed an "overweight" rating and set a $425.00 price objective (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Roth Capital increased their price objective on shares of Alphabet from $435.00 to $440.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target 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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