Alphabet Inc. $GOOG Shares Sold by EFG International AG

Key Points

• EFG International AG reduced its Alphabet position by 5.4% in the second quarter, selling 21,424 shares and retaining 376,257 shares valued at approximately $133 million. Institutional investors collectively own 27.26% of Alphabet.
• Wall Street remains broadly bullish, with an average “Buy” rating and a $415.55 price target. Recent analyst targets range from $395 to $475, despite some firms lowering their estimates.
• Alphabet reported strong quarterly results, including $9.11 earnings per share, $119.8 billion in revenue and 24.2% year-over-year revenue growth. Investors nevertheless face concerns over rising AI infrastructure spending, competition in digital advertising and ongoing regulatory scrutiny.

EFG International AG cut its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 376,257 shares of the information services provider's stock after selling 21,424 shares during the period. Alphabet accounts for 2.4% of EFG International AG's investment portfolio, making the stock its 8th largest holding. EFG International AG's holdings in Alphabet were worth $133,024,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GOOG. Gerber Kawasaki Wealth & Investment Management raised 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 acquiring an additional 2,850 shares during the last quarter. Heck Capital Advisors LLC increased its stake in shares of Alphabet by 298.2% during the 2nd quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider's stock worth $7,854,000 after purchasing an additional 16,647 shares in the last quarter. Violich Capital Management Inc. increased its stake in shares of Alphabet by 1.0% during the 4th quarter. Violich Capital Management Inc. now owns 340,776 shares of the information services provider's stock worth $106,936,000 after purchasing an additional 3,378 shares in the last quarter. Montchanin Asset Management LLC purchased a new stake in Alphabet in the 1st quarter valued at approximately $7,075,000. Finally, Sax Wealth Advisors LLC grew its holdings in Alphabet by 13.3% during the 2nd quarter. Sax Wealth Advisors LLC now owns 30,489 shares of the information services provider's stock valued at $10,773,000 after buying an additional 3,575 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several analyst reports. Barclays reiterated an "overweight" rating and issued a $425.00 target price (up from $405.00) on shares of Alphabet in a research note on Thursday, July 23rd. Pivotal Research increased their price objective on shares of Alphabet from $470.00 to $475.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. lowered their target price on shares of Alphabet from $460.00 to $420.00 and set an "overweight" rating for the company in a report on Thursday, July 23rd. Piper Sandler reiterated an "overweight" rating and issued a $395.00 price target (down from $445.00) on shares of Alphabet in a report on Thursday, July 23rd. Finally, Roth Capital increased their target price on Alphabet from $435.00 to $440.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Six 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $415.55.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $332.03 on Wednesday. Alphabet Inc. has a 52 week low of $206.96 and a 52 week high of $404.47. 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 $4.06 trillion, a P/E ratio of 16.68, a PEG ratio of 0.97 and a beta of 1.23. The firm's 50 day moving average is $347.23 and its two-hundred day moving average is $340.34.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share for the quarter, beating the consensus estimate of $2.87 by $6.24. The business 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 company's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the business posted $2.31 earnings per share. Analysts anticipate that Alphabet Inc. will post 20.5 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Alphabet's dividend payout ratio is currently 4.42%.

Insider Buying and Selling

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 transaction of $2,232,808.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 sale, the chief accounting officer directly owned 27,386 shares of the company's stock, valued at $9,125,015.20. This trade represents a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 451,925 shares of company stock valued at $12,371,544. Corporate insiders own 12.99% of the company's stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google DeepMind is reportedly preparing to release Gemini 3.8 Flash as early as this week. Internal testing suggests the model narrows Google’s coding-performance gap with OpenAI and Anthropic, potentially improving Alphabet’s position in enterprise AI and software development. New Google AI Model Said to Narrow Gap on Coding Ability
• Positive Sentiment: Alphabet-owned Waymo launched public robotaxi service in Denver, San Diego and Tampa, expanding its commercial operations to 14 U.S. cities. The rollout strengthens Alphabet’s long-term autonomous-driving opportunity as competition with Amazon’s Zoox and Tesla intensifies. Waymo accelerates robotaxi expansion
• Positive Sentiment: Google signed a 396-megawatt geothermal power agreement with Fervo Energy, supporting reliable, carbon-free electricity for data-center growth and its AI infrastructure strategy. Fervo signs geothermal power deal with Google
• Neutral Sentiment: Berkshire Hathaway made Alphabet its third-largest holding after reducing Bank of America exposure. The move provides a high-profile vote of confidence, but commentary questioning whether Alphabet is fully valued limits its immediate impact. Alphabet becomes Berkshire’s third-largest holding
• Negative Sentiment: Investors remain concerned that Meta’s AI advertising products and OpenAI’s rapidly growing ad business could threaten Google Search’s advertising dominance and future ad growth. Competition threatens Google Search advertising
• Negative Sentiment: Alphabet’s planned AI infrastructure spending—reportedly potentially reaching $205 billion this year—is raising concerns about depreciation, free cash flow and operating margins despite strong cloud and AI-driven revenue growth. Big Tech AI spending and depreciation concerns
• Negative Sentiment: EU regulators are examining Google’s proposed AI-search publisher opt-out, while a reported £260 million U.K. app-store settlement underscores continuing antitrust and regulatory exposure. EU regulators examine Google AI-search opt-out

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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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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