Alphabet Inc. $GOOG Shares Sold by Integrity Financial Corp WA

Key Points

• Integrity Financial Corp WA cut its Alphabet stake by 56.5% in the second quarter, selling 4,615 shares and retaining 3,550 shares valued at approximately $1.25 million.
• Analyst sentiment remains positive, with Alphabet carrying an average “Buy” rating and a consensus price target of $415.55. Recent results also exceeded expectations, with quarterly revenue up 24.2% year over year to $119.8 billion.
• AI expansion and Google Cloud growth are key bullish catalysts, but investors remain concerned about heavy capital spending, regulatory remedies and insider selling. Alphabet shares recently opened at $335.31, below their 50-day moving average.

Integrity Financial Corp WA lessened its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 56.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,550 shares of the information services provider's stock after selling 4,615 shares during the quarter. Integrity Financial Corp WA's holdings in Alphabet were worth $1,254,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of GOOG. Denali Advisors LLC boosted its holdings in Alphabet by 14.8% during the second quarter. Denali Advisors LLC now owns 105,988 shares of the information services provider's stock worth $37,449,000 after buying an additional 13,700 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management increased its holdings in Alphabet by 1.0% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider's stock valued at $86,596,000 after buying an additional 2,850 shares in the last quarter. Heck Capital Advisors LLC increased its holdings in Alphabet by 298.2% in the second quarter. Heck Capital Advisors LLC now owns 22,229 shares of the information services provider's stock valued at $7,854,000 after buying an additional 16,647 shares in the last quarter. Violich Capital Management Inc. raised 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 acquiring an additional 3,378 shares during the period. Finally, Montchanin Asset Management LLC acquired a new position in shares of Alphabet in the first quarter worth about $7,075,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s AI expansion remains the main bullish catalyst. WeatherNext 3 is being integrated into Search, Maps and Gemini, while new voice-driven Gemini features are rolling out in Gmail, Docs and Keep, creating potential for broader user engagement and monetization. Alphabet Just Gave Search, Maps and Gemini a New AI Advantage
• Positive Sentiment: Analyst optimism is building around Google Cloud, AI services, hardware and long-term earnings growth. Wolfe Research named Alphabet a top pick for 2027, while other coverage highlights strong recent Cloud growth and a median price target well above current trading levels. Alphabet Stock Opinions on Strong Cloud Growth Prospects
• Positive Sentiment: A federal judge declined to force a breakup of Google’s ad-technology business, reducing the most severe regulatory risk, although operational restrictions remain. The decision also supports Alphabet’s ability to retain its existing ad-tech infrastructure. Google Spared From Ad-Business Breakup
• Neutral Sentiment: Alphabet’s clean-energy partnerships, including Google-backed battery storage and geothermal projects, strengthen power availability for data centers but are unlikely to materially affect near-term earnings. Google’s New Energy Project Gives Eos Energy a Key Technology Validation
• Negative Sentiment: Investors remain concerned that Alphabet’s roughly $44.9 billion quarterly capital expenditure pushed free cash flow negative for the first time since its IPO. The spending may support future AI and Cloud returns, but it increases execution risk and weighs on near-term valuation. 3 Stocks Built for Higher Rates
• Negative Sentiment: Stronger-than-expected employment data lifted Treasury yields and reduced expectations for near-term rate cuts, pressuring large technology stocks. Alphabet also faces investor concern over delayed Gemini releases, ongoing ad-tech remedies, and shareholder securities-fraud investigations. Securities Fraud Investigation Into Alphabet

Wall Street Analyst Weigh In

GOOG has been the topic of several recent analyst reports. Phillip Securities raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 27th. Roth Capital lifted their price target on Alphabet from $435.00 to $440.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Alphabet in a report on Thursday, July 23rd. BMO Capital Markets raised their price objective on Alphabet from $455.00 to $465.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada restated a "buy" rating and issued a $475.00 price objective 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 assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $415.55.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $335.31 on Monday. The firm has a market cap of $4.10 trillion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 0.97 and a beta of 1.21. The company's 50-day simple moving average is $346.96 and its 200-day simple moving average is $340.95. 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 52-week low of $232.38 and a 52-week high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The information services provider reported $9.11 earnings per share 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 the consensus estimate of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. The company's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.31 EPS. Equities analysts predict that Alphabet Inc. will post 20.5 EPS for the current fiscal year.

Alphabet Announces Dividend

The company 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 dividend of $0.22 per share. 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 dividend payout ratio is presently 4.42%.

Insider Transactions at Alphabet

In other news, Director John Hennessy sold 1,050 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the transaction, the director owned 1,481 shares in the company, valued at $545,941.03. This trade represents a 41.49% decrease in their ownership of the stock. 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 196,931 shares of Alphabet stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The disclosure for this sale is available in the SEC filing. Insiders sold 451,925 shares of company stock worth $12,371,544 over the last three months. 12.99% of the stock is owned by insiders.

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.

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