Portfolio Design Labs LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 7.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,381 shares of the information services provider's stock after selling 5,626 shares during the quarter. Alphabet accounts for approximately 3.9% of Portfolio Design Labs LLC's holdings, making the stock its 5th biggest position. Portfolio Design Labs LLC's holdings in Alphabet were worth $23,808,000 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. Gerber Kawasaki Wealth & Investment Management grew its stake in shares of Alphabet by 1.0% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider's stock worth $86,596,000 after purchasing an additional 2,850 shares during the period. Heck Capital Advisors LLC grew its position in Alphabet by 298.2% during the second quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider's stock worth $7,854,000 after buying an additional 16,647 shares during the period. Violich Capital Management Inc. increased its holdings in Alphabet by 1.0% in the fourth quarter. Violich Capital Management Inc. now owns 340,776 shares of the information services provider's stock valued at $106,936,000 after buying an additional 3,378 shares in the last quarter. Montchanin Asset Management LLC acquired a new stake in shares of Alphabet during the 1st quarter valued at approximately $7,075,000. Finally, Sax Wealth Advisors LLC boosted its stake in shares of Alphabet by 13.3% during the 2nd quarter. Sax Wealth Advisors LLC now owns 30,489 shares of the information services provider's stock worth $10,773,000 after acquiring an additional 3,575 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.
More Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google employees are reportedly testing Gemini 3.8 Flash, suggesting a new model could launch soon and strengthen Alphabet’s competitive position in generative AI. The company also hired AI researcher Barret Zoph as a Google DeepMind research vice president. Google employees are already testing the next Gemini Flash AI model
- Positive Sentiment: Wolfe Research named Alphabet a top 2027 stock pick and set a $460 target, citing accelerating Google Cloud growth and expanding AI monetization opportunities. Analysts also highlighted strong advertising performance, including reported 14.4% second-quarter ad-revenue growth. Alphabet is a top 2027 stock pick
- Positive Sentiment: Google expanded AI Mode with tools to track flight prices and help users book hotels, potentially increasing commercial activity and supporting future search-related revenue. Google's AI Mode can now track flight prices, help book hotels, and more
- Neutral Sentiment: Alphabet joined more than 100 technology companies in calling for coordinated defenses against rogue-AI cyber threats. The move may support responsible-AI efforts but also underscores growing scrutiny of the sector. Companies call for action to defend against rogue AI
- Negative Sentiment: The FTC is reportedly in the final stages of investigating whether YouTube violated consumer-protection laws by suspending users’ accounts and may prepare a lawsuit. Potential penalties, compliance costs and restrictions on YouTube’s policies are weighing on sentiment. US FTC probes YouTube over social media policies
- Negative Sentiment: Google agreed to pay approximately $353 million to settle a U.K. class-action lawsuit brought by app developers over fees, creating a direct financial charge and potentially raising concerns about additional platform-related claims. Google agrees to settle UK app developers' lawsuit
- Negative Sentiment: Law firms including Pomerantz and Frank R. Cruz announced investigations into possible securities-law violations. These notices are typically investor-solicitation announcements rather than new findings, but they add to the negative legal-news flow. Pomerantz investor alert
Alphabet Price Performance
GOOG opened at $337.71 on Friday. Alphabet Inc. has a 1 year low of $206.96 and a 1 year high of $404.47. The company's 50 day simple moving average is $348.28 and its 200 day simple moving average is $339.95. The stock has a market capitalization of $4.13 trillion, a PE ratio of 16.96, a P/E/G ratio of 0.95 and a beta of 1.23. 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 (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 EPS for the quarter, topping the consensus estimate of $2.87 by $6.24. The firm had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Alphabet's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.31 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 20.51 EPS for the current year.
Alphabet Dividend Announcement
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 issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th. Alphabet's dividend payout ratio is presently 4.42%.
Insider Transactions at Alphabet
In related news, major shareholder 2019 Gp L.L.C. Gv sold 118,138 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $18.90, for a total value of $2,232,808.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $333.20, for a total transaction of $149,606.80. Following the transaction, the chief accounting officer owned 27,386 shares in the company, valued at $9,125,015.20. The trade was a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 451,843 shares of company stock valued at $12,343,852. Corporate insiders own 12.99% of the company's stock.
Analyst Ratings Changes
A number of analysts have commented on GOOG shares. Raymond James Financial reiterated a "strong-buy" rating on shares of Alphabet in a research report on Thursday, July 23rd. BMO Capital Markets upped their price target on shares of Alphabet from $455.00 to $465.00 and gave the company an "outperform" rating in a report 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 research report on Thursday, July 23rd. Piper Sandler reiterated 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. Finally, UBS Group reissued a "neutral" rating and issued a $379.00 price target (down from $400.00) on shares of Alphabet in a report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $415.55.
View Our Latest Stock Analysis on GOOG
Alphabet Profile
(
Free Report)
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.
See Also
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