Alphabet Inc. $GOOG Position Trimmed by Greenleaf Trust

Key Points

• Greenleaf Trust cut its Alphabet position by 5.8% in the second quarter, selling 17,962 shares and retaining 292,794 shares valued at approximately $103.5 million. Alphabet remains 1.0% of the firm’s portfolio.
• Alphabet reported strong quarterly results, with revenue rising 24.2% year over year to $119.8 billion and earnings exceeding analyst expectations. AI demand and cloud growth remain key drivers, though elevated infrastructure spending and advertising competition pose risks.
• A federal judge rejected the Justice Department’s request to force Google to sell its AdX advertising exchange, reducing the immediate breakup threat, but Alphabet must still make operational changes to address antitrust violations and faces ongoing regulatory risk.

Greenleaf Trust decreased its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 292,794 shares of the information services provider's stock after selling 17,962 shares during the period. Alphabet comprises 1.0% of Greenleaf Trust's portfolio, making the stock its 12th largest holding. Greenleaf Trust's holdings in Alphabet were worth $103,453,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GOOG. Gerber Kawasaki Wealth & Investment Management increased its position in Alphabet by 1.0% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider's stock worth $86,596,000 after buying an additional 2,850 shares during the last quarter. Heck Capital Advisors LLC lifted its position in shares of Alphabet by 298.2% in 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 last quarter. Violich Capital Management Inc. lifted its position in shares of Alphabet by 1.0% in the fourth quarter. Violich Capital Management Inc. now owns 340,776 shares of the information services provider's stock worth $106,936,000 after buying an additional 3,378 shares during the last quarter. Montchanin Asset Management LLC acquired a new stake in shares of Alphabet in the first quarter worth about $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 owned by hedge funds and other institutional investors.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: A federal judge rejected the U.S. Justice Department’s request to force Google to sell its AdX advertising exchange. The ruling removes the most severe breakup risk, although Google must make operational changes to address antitrust concerns. This was the clearest immediate catalyst for Alphabet’s strength. Google defeats US bid to force ad tech sale
• Positive Sentiment: Google launched or prepared to launch Gemini 3.8 Flash, a model designed to improve coding and cybersecurity capabilities. Investors view the release as evidence that Alphabet is narrowing the gap with OpenAI and Anthropic in enterprise AI. Google launches Gemini 3.8 Flash
• Positive Sentiment: Recent reports continue to highlight strong AI demand, cloud revenue growth and expanding infrastructure investment. Alphabet’s latest reported quarter showed 24.2% year-over-year revenue growth and a substantial earnings beat, supporting the view that Cloud and AI can offset pressure on the core advertising business. Alphabet reports strong growth fueled by AI demand and cloud revenue
• Positive Sentiment: Berkshire Hathaway CEO Greg Abel described Alphabet as a significant AI player and explained Berkshire’s decision to make it one of its largest holdings. The endorsement may strengthen investor confidence in Alphabet’s long-term AI strategy. Berkshire CEO discusses Alphabet stake
• Positive Sentiment: Alphabet agreed to purchase roughly 396 megawatts of enhanced-geothermal power from Fervo Energy for a planned Utah data center, with potential expansion toward 1 gigawatt. The agreement supports reliable, lower-carbon electricity for AI infrastructure. Google buys geothermal power from Fervo
• Neutral Sentiment: Waymo expanded paid robotaxi service to Denver, San Diego and Tampa, bringing operations to 14 U.S. cities. The move offers longer-term optionality but is unlikely to materially affect near-term Alphabet earnings. Waymo expands robotaxi service
• Negative Sentiment: The antitrust ruling still found illegal conduct and requires changes to Google’s digital advertising operations, leaving potential compliance costs and future regulatory risk. Judge orders changes to Google ad business
• Negative Sentiment: Analysts and technical commentators warn that GOOG is approaching bear-market territory and testing important support near $323. Concerns about elevated AI capital spending, margin pressure and increasingly intense competition in search advertising could limit further gains.

Alphabet Trading Up 0.5%

Shares of NASDAQ:GOOG opened at $333.78 on Thursday. The company has a market cap of $4.08 trillion, a P/E ratio of 16.76, a P/E/G ratio of 0.96 and a beta of 1.21. The stock's 50-day moving average is $347.01 and its 200-day moving average is $340.52. Alphabet Inc. has a 52-week low of $225.12 and a 52-week high of $404.47. 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 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. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. During the same period in the previous year, the company posted $2.31 earnings per share. The firm's revenue for the quarter was up 24.2% on a year-over-year basis. Equities research analysts predict that Alphabet Inc. will post 20.5 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 7th will be issued 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 yield of 0.3%. Alphabet's dividend payout ratio (DPR) is 4.42%.

Insider Activity at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $19.46, for a total transaction of $3,832,277.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the transaction, the director owned 1,481 shares in the company, valued at approximately $545,941.03. The trade was a 41.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 451,925 shares of company stock worth $12,371,544. 12.99% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GOOG. Wolfe Research reissued an "outperform" rating on shares of Alphabet in a report on Thursday, August 27th. Piper Sandler reaffirmed an "overweight" rating and set a $395.00 target price (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Freedom Capital raised Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Pivotal Research increased their price target on Alphabet from $470.00 to $475.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Alphabet in a research report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $415.55.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source