Alphabet Inc. $GOOG Shares Purchased by Pacific Excel Wealth Advisors Inc.

Key Points

• Pacific Excel Wealth Advisors increased its Alphabet stake by 214.5% in the second quarter, ending with 7,143 shares valued at approximately $2.52 million. Institutional investors and hedge funds collectively own 27.26% of Alphabet.
• Alphabet reported strong quarterly results, with revenue rising 24.2% year over year to $119.8 billion and EPS of $9.11, far above the $2.87 consensus estimate. The company also declared a quarterly dividend of $0.22 per share, equivalent to a 0.2% yield.
• Analysts maintain a generally positive view, with Alphabet receiving an average “Buy” rating and a $410.09 price target versus its $375.35 share price. However, several firms recently lowered their targets, while insiders have sold roughly 600,547 shares over the past three months.

Pacific Excel Wealth Advisors Inc. increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 214.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,143 shares of the information services provider's stock after buying an additional 4,872 shares during the quarter. Alphabet comprises approximately 1.0% of Pacific Excel Wealth Advisors Inc.'s portfolio, making the stock its 26th biggest holding. Pacific Excel Wealth Advisors Inc.'s holdings in Alphabet were worth $2,524,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Alphabet by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider's stock worth $132,114,125,000 after acquiring an additional 8,128,234 shares during the period. State Street Corp grew its holdings in Alphabet by 0.5% in the fourth quarter. State Street Corp now owns 187,102,863 shares of the information services provider's stock valued at $58,712,878,000 after purchasing an additional 953,790 shares during the period. Auto Owners Insurance Co grew its holdings in Alphabet by 38,409.2% in the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider's stock valued at $5,643,262,000 after purchasing an additional 179,369,280 shares during the period. J. Stern & Co. LLP increased its position in Alphabet by 28,482.8% during the fourth quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider's stock worth $35,174,429,000 after purchasing an additional 111,699,704 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Alphabet by 1.1% during the fourth quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider's stock worth $31,569,189,000 after purchasing an additional 1,073,151 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Up 0.8%

Shares of GOOG stock opened at $375.35 on Wednesday. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a fifty-two week low of $194.47 and a fifty-two week high of $404.47. The firm's 50 day moving average price is $355.49 and its two-hundred day moving average price is $338.48. The stock has a market cap of $4.59 trillion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. 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 company had revenue of $119.80 billion for the quarter, compared to analysts' expectations of $116.53 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. The firm's quarterly revenue was up 24.2% on a year-over-year basis. On average, analysts anticipate that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Announces Dividend

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

Insider Transactions at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of Alphabet stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the completion of the transaction, the director owned 1,481 shares in the company, valued at $545,941.03. This represents a 41.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 600,547 shares of company stock valued at $16,255,540. Corporate insiders own 12.99% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Strong earnings and cloud momentum remain the primary catalyst. Alphabet reported quarterly revenue of $119.8 billion, up 24% year over year, while Google Cloud revenue reportedly surged 82% to $24.8 billion. Its $514 billion cloud backlog and broad Gemini Enterprise adoption support the view that AI spending is beginning to generate commercial returns. Alphabet: The $514 Billion Backlog Doesn't Lie
• Positive Sentiment: Alphabet is gaining exposure to several AI growth markets. MediaTek is targeting 15%–20% of the estimated $80 billion custom AI-chip market in 2027, potentially creating an opportunity for Alphabet’s cloud infrastructure. Separately, SpaceX said new computing deals with Google and Anthropic contributed to sharply higher revenue, highlighting demand for Google’s AI-related capacity. MediaTek Wants 20% of Custom AI Chips
• Positive Sentiment: Waymo is providing another long-term growth narrative. Alphabet’s self-driving subsidiary opened its Dallas robotaxi service to the public, while a separate analysis found Waymo vehicles crash substantially less often than human-driven vehicles. Wider availability and safety data could improve investor confidence in Waymo’s commercialization prospects. Waymo Opens Robotaxi Service in Dallas
• Neutral Sentiment: White House discussions may shape Alphabet’s AI regulatory environment. Google, OpenAI, Anthropic and Meta representatives met with Trump administration advisers regarding voluntary safety testing and a proposed AI oversight framework. The outcome could affect development costs, product launches and competitive dynamics, but no immediate policy change was announced. AI Companies Meet With White House
• Negative Sentiment: Investors remain concerned about the scale and payoff of AI investment. Alphabet is among several technology companies facing approximately $1.09 trillion in future data-center lease commitments, while a Google executive warned that heavy AI spending could create a temporary revenue gap. Comparable AI models from DeepSeek are also reportedly matching Gemini performance at far lower testing costs, raising pricing and margin concerns. AI Data-Center Lease Burden
• Negative Sentiment: Legal and governance headlines add pressure. Pomerantz LLP announced an investigation into potential claims on behalf of Alphabet investors. The announcement does not establish wrongdoing, but securities investigations can increase headline risk and investor uncertainty. Pomerantz Investor Alert

Analysts Set New Price Targets

A number of brokerages have weighed in on GOOG. DA Davidson decreased their price target on shares of Alphabet from $375.00 to $350.00 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. Citigroup restated a "market outperform" rating on shares of Alphabet in a report on Wednesday, July 22nd. Morgan Stanley cut their target price on Alphabet from $415.00 to $400.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Freedom Capital upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Finally, Oppenheimer reissued an "outperform" rating and set a $400.00 price target (down from $445.00) on shares of Alphabet in a research report on Thursday, July 23rd. Seven investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $410.09.

Alphabet 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.

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