Alphabet Inc. $GOOG is IFP Advisors Inc's 6th Largest Position

Key Points

• IFP Advisors reduced its Alphabet position by 14.4% in the second quarter, selling 31,573 shares and retaining 188,042 shares worth approximately $66.4 million. Alphabet remains the firm’s sixth-largest holding and represents 1.2% of its portfolio.
• Alphabet reported quarterly EPS of $9.11, exceeding the $2.87 analyst consensus, while revenue rose 24.2% year over year to $119.8 billion. Analysts maintain a consensus “Buy” rating with an average price target of $415.55.
• Alphabet is expanding its AI investments through new Gemini enterprise offerings, infrastructure spending and the reported acquisition of AI-agent startup Mechanize, though investors remain concerned about roughly $200 billion in planned AI capital expenditures, rising data-center costs and intensifying competition.

IFP Advisors Inc lessened its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 14.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 188,042 shares of the information services provider's stock after selling 31,573 shares during the quarter. Alphabet makes up 1.2% of IFP Advisors Inc's holdings, making the stock its 6th largest holding. IFP Advisors Inc's holdings in Alphabet were worth $66,441,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GOOG. Providence Wealth Advisors LLC increased its holdings in Alphabet by 0.3% during the 1st quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider's stock worth $3,094,000 after purchasing an additional 29 shares during the period. One Charles Private Wealth Services LLC lifted its position in shares of Alphabet by 0.6% during the first quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider's stock valued at $1,390,000 after buying an additional 29 shares during the last quarter. Wisconsin Wealth Advisors LLC raised its stake in Alphabet by 1.3% in the second quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider's stock valued at $785,000 after buying an additional 29 shares during the last quarter. Cannon Financial Strategists Inc. raised its stake in Alphabet by 1.9% in the 4th quarter. Cannon Financial Strategists Inc. now owns 1,589 shares of the information services provider's stock worth $499,000 after acquiring an additional 30 shares during the last quarter. Finally, Financial Enhancement Group LLC boosted its holdings in shares of Alphabet by 2.3% in the 1st quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider's stock valued at $380,000 after acquiring an additional 30 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. The Goldman Sachs Group reiterated a "buy" rating and issued a $450.00 price objective on shares of Alphabet in a research report on Thursday, May 21st. TD Cowen reissued a "buy" rating and issued a $475.00 target price on shares of Alphabet in a research report on Thursday, July 23rd. Stifel Nicolaus set a $420.00 target price on shares of Alphabet in a research note on Wednesday, May 20th. Wells Fargo & Company cut their target price on Alphabet from $418.00 to $411.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Alphabet in a research note on Thursday, July 23rd. Six research 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 stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Buy" and a consensus target price of $415.55.

Alphabet Price Performance

GOOG stock opened at $335.45 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.64 and a current ratio of 2.72. Alphabet Inc. has a 1 year low of $236.68 and a 1 year high of $404.47. The stock's 50 day moving average price is $344.76 and its 200 day moving average price is $341.64. The firm has a market cap of $4.10 trillion, a P/E ratio of 16.85, a PEG ratio of 0.96 and a beta of 1.21.

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, topping analysts' consensus estimates of $2.87 by $6.24. The firm had revenue of $119.80 billion during the quarter, compared to analysts' expectations of $116.53 billion. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm's quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.31 EPS. On average, sell-side analysts expect that Alphabet Inc. will post 20.52 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be given a $0.22 dividend. The ex-dividend date of this dividend 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%.

Insider Buying and Selling at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of the company's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the completion of the transaction, the chief accounting officer owned 27,386 shares of the company's stock, valued at $9,125,015.20. This represents a 1.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $18.90, for a total transaction of $2,232,808.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 451,925 shares of company stock worth $12,371,544 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: Google completed its acquisition of AI-agent startup Mechanize in a deal reportedly valued at more than $1.5 billion. Mechanize’s former CEO and other employees have joined Google, strengthening Alphabet’s capabilities in autonomous AI agents. Google completes its deal for AI startup Mechanize
• Positive Sentiment: Alphabet is broadening Gemini’s commercial reach. Google Cloud launched Gemini Enterprise for Financial Services in preview, with Deutsche Bank as an early proving ground, while a new Accenture partnership will train up to 1,000 engineers to implement Gemini applications for enterprise customers. Google Cloud launches AI agents for banking
• Positive Sentiment: Google’s AI tools are gaining traction in media and creative software. Avid Technology said it is working with Google to accelerate creative workflows, while Gemini is increasingly being positioned as a competitor to Adobe’s tools. Google helps Avid accelerate the creative process with AI
• Positive Sentiment: Alphabet’s planned €13 billion Finland AI infrastructure investment, supported by a long-term nuclear power agreement, could provide more predictable energy costs for data centers and strengthen Google Cloud and TPU capacity. Analysts also see TPU sales as a potential source of additional Cloud growth. Alphabet’s TPU sales could drive Google Cloud upside
• Neutral Sentiment: Alphabet faces a continuing securities-fraud investigation by the Law Offices of Frank R. Cruz. The announcement is an investor solicitation and does not establish wrongdoing, but it could add headline and litigation risk. Securities fraud investigation into Alphabet continues
• Negative Sentiment: Investors remain concerned about Alphabet’s roughly $200 billion AI capital-spending plans, potential electricity and data-center costs, and competition from OpenAI, Anthropic and Meta. A proposed U.S. bill could also require large data-center operators such as Alphabet to absorb more power-infrastructure costs.

Alphabet Profile

Alphabet Inc is a technology holding company best known as the parent company of Google. It was established in 2015 as part of a corporate restructuring intended to separate Google's core internet businesses from a collection of other ventures. Google remains Alphabet's largest business and serves users, advertisers, businesses and developers worldwide.

Google's principal products and services include its internet search engine, online advertising platforms, YouTube, Android, Chrome, Google Maps, Google Play and Google Photos.

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